Arizona republican., 1903-10-19

kinds OF personal property, water
rights and machinery: to do general
mercantile business; to own, handle
and control letters patent and inven-
tons and shares of capital stock OF
other corporations: and to run, lease.
own, operate and maintain amusemeE.5
of all kinds Whatsoever name or nature
and in general to do all things neces-
sary to the proper conduct of the bust
ness o. this corporation in the Terri
tory OF Arizona and elsewhere not in
consistent with the laws of the United
States and the Territory of Arizona.
Third: The authorized amount OF
capital stock of this Corporation shall
be ten thousand dollars (S10,O0O.0O) di-
vided into ten thousand shares of the
par value of one dollar (s1.O0) EACH OF
which five thousand (5.OO0) shall be
eight per cent preferred annual divi-
dend paying stock and five thousand
(5C00) common stock. At such tine
as the Board of Directors may by reso-
luti"n direct, said capital stock shall he
paid into this Corporation, either in
cash or by the sale and transfer to it
OF real or personal property for the uses
and purposes of said corporation in
payment for which shares of the CAPT
tai stock of said corporation may be
issued, and the capital stock so issued
shall thcreupon and thereby become
and be fully paid up and non-assess-
able and in the absence of actual
fraud in the transaction the judgment
of the Directors as to the value of the
property purchases shall be conclusive.
Fourth: The time of the commence
ment of this Corporation shall be the
date of the filing of certified copy Of
these Articles of Incorporation accord
ing to law and the termination there
of shall be twenty-five years there
after.
Fifth: The affairs of this corporation
shall be conducted by a Board of Di-
rectors to consist of not less than three
go and not more than five CD. and
the following named shall constitute
the Board of Directors until their sue
cessors are elected: John Winter. Hugh
Connolly. Edwin a. Barnhart. There
after the Board shall be elected from
among the stockholders on the first
Tuesday in November of each year. The
officers of said Corporation until their
successors are elected shall be:
President, Edwin A. Barnhart.
Secretary. Hugh Connolly.
Treasurer, John Winter
Sixth: The highest amount of in
debtedness or liability direct or con-
tingent. to which this Corporation is at
any time subject shall be one thousand
dollars ($1,000.00). which amount does
not exceed two thirds of ca pital stock.
Seventh: The private property of the
stockholders of this corporation shall
be exempt from corporate debts of any
kind whatsoever.
IN WITNESS WHEREOF, We have
hereunto set our hands and seals this
18th day of October. 1903.
John WINTER.
HUGH CONNOLLY.
EDWIN A. BARNHART.
state of Michigan.
County of Wayne.
On this 18th day of October in the
year 1903. before me. Delbert c. James.
la notary public in and for the State
and County aforesaid. residing therein,
duly commissioned and sworn, person.
ally appeared Edwin A. Barnhart Hugh
Connolly and John Winter. known to
me to be the persons described in,
whose names are subscribed to, and
who executed the annexed instrument.
and they acknowledged to me that they
executed the same for the purposes and
considerations therein expressed.
IN WITNESS WHEREOF, l have
hereunto set my hand and affixed my
official Seal. at my office in the said
State and County, the day and year
last above written.
DEI4BERT c. JAMES.
Notary Public in and for Wayne
County, Michigan.
Commission expires Oct. 5, 1906.