Arizona republican., 1903-01-31

mercantile business; to own, handle and control letters patent and inventions and shares of capital stock of other corporations; to borrow money. and ex- ecute notes, bonds, mortgages, or deeds Of trust to secure the same, and to ex- ercise in respect of all such bonds, mortgages, notes, shares of capital stock and other securities and obliga- tiCns any and all rights, powers and privileges of individual owners thereof, including the right to vote upon any shares of stock held by it to the same extent that a natural person might or could co, and in general to do all things necessary to the proper conduct of the business of this corpora tion In the territory and elsewhere, not incon- sistent with the laws of the United States or the Territory of Arizona.
 Third. The authorized amount Of capital stock of this corporation shall be five hundred thousand $500, 0o0) dollars. divided into five hundred thou sand shares of the par value of one dollar each. At such time as the board of directors may direct, said cap ital stock shall be paid into this corpor ation. either in cash or by sale or transfer to it of real or personal prop erty for the use and purpose Of said corporation, in payment for which shares Of the capital stock of this cor poration may be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and non-assessable. and in the absence of actual fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive.
 Fourth. The time of the commence ment of this corporation shall be the date of the filing of these articles of in- corporation in the office of the secre- tary of Arizona, and the termination thereof shall be twenty-five years after
 Fifth. The fairs of this corporation shall be conducted by a board Of eleven directors. and the following named shall constitute the board of directors until their successors are elected:
 Charles T. Gilbert. go La Salle St, Chicago.
 c. F. swartout, POO Adams St, Chi c2go.
 stephen D. May, s5 Dearborn St, Chi cago.
 Joseph P. Birren, 1O11 Medinah Tenn 1 pie. Chicago.
 Joseph W. Hill. Lake St. Chicago.
 Sheldon Leavitt. 100 State St. Chi cago.
 Theo. Emery, R712 Medinah Temple, Chicago.
 i D. s. Anderson, 14-16 Board of Trade | Chicago.
 | P. E. Daniels, Berkeley. California ! TIfnnfg | =. E. Wilson, 7S3 West Madison St. | Chicago.
 Thereafter the board Of directors shall be elected from among the stock holders as the bylaws of the corpora ton may provide. Sixth That any and all meetings 1i the stockholders or board of directors or officers of this corporation may he held not only in the Territory of Ar zona. but anywhere outside of the ter ritory of Arizona as from time to time may be provided by the bylaws of this ! corpora tion.
 Seventh. That the stockholders o this corporation at any stockholders meeting or corporate election of thi! corporation, shall be entitled to vote either in person or by proxy. the stocl
 
 the manner provided. and subject {, the provisions of the bylaws of thi: corporation, as the same may be adopt cd from time to time.
 Eighth. These articles of incorpora ton may at any IIme be amended O changed in any respect or new pro visions added thereto by the afimativi vote of a majority of the stockholders Such amendment, change or addition shall be signed and acknowledged b! the president and attcsted by the secre tary Of the corporation, and no sucl amendment. change or addition shal be valid unless recorded and publishes as the original articles are required t be-
 Ninth. The highest amount of in lde5tedness, direct or contingent. t which this corporation is at any tim subject shall e five thousand ($5000 dollars.
 Tenth. The private property of tn stockholders of this corporation shai be exempt from corporate debts Of an. kind whatsoever.
 Tn witness whereof, we have hereun to set cur hands and seals this 3rd da. Of January, 1905.
 CHARLES T. GILBERT,
 C. r.. SWARTOUT,
 JOSEPH w. HILL,
 STEPHEN D. MAY. State of Illinois
 County of Cook, ss. On this 3rd day of January, in tn year A. D., 1908, before me, Lillian M . Rhode, notary public in and for tn state and county aforesaid, residin therein, duly commissioned and sworr personally appeared C. R. Swartou, anu stephen D. May, Charles T. Gil bert and Joseph W. Hill, known to m to be the persons described ia, who's hands are subscribed to. and who exc cUted the annexed instrument. an , they acknowledged to me that they ex ecuted the same. for the purposes an considerations therein expressed. Tn witness whereof. I have hereunt set my hand an,- affixed my official sea at my office in the said state and cOun ' ty, the day and year last above writ ten.
 (Notary Seal) LILLIAN NJ. RHODE My commission expires Decembe 12th, A. D., 1906.