Arizona republican., 1903-01-11

corporation, in payment for which shares of the capital stock of said cor poration may be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and -assessable, and in the absence or 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 com mencement of this corporation shall be the date of the filing of these Articles of Incorporation In the office of the Secretary of Arizona, and the termi- nation thereof shall be twenty-five years thereafter.
 FIFTH: The affairs of this corpo- ration shall be conducted by a Board of Seven Directors and the following named shall constitute the Board Of Directors until their successors are elected:
 F. w. ANDERSON. l.. D. HEWITT s. MARBLESTONE w. B. MCBRIDE. WALTER NJ. BROWNE. c. P. BAX- TER and FRANK MORRISON.
 Thereafter the Board of Directors shall be elected from among the stock holders as the bylaws of the corpora ton may provide. The officers of said corporal tion until their successors are elected shall be:
 F. w. ANDERSON, President; l.. D. HEWITT, Vice-President; c. P. BAX- TER, Secretary: WALTER M. PRO- VINE. Treasurer.
 SIXTH: The highest amount of ln- debtedness or liability, direct or con- tingent, Co which this corporation is at any time subject shall be One Hundred Thousand dollars (S1OO, ,OOO.OO), which amount does not exceed two-thirds the amount of the capital stock
 SEVENTH: The private property or the stockholders and Directors of this corporation shall be exempt from cor porate debts of any kind whatsoever. IN WITNESS WHEREOF. We have hereunto set our hands and seals this Eighth day of December. 1902
 F. w. ANDERSON. (SeaD
 w. B. MCBRIDE. (SeaO
 s. MARBLESTONE. (SeaD
 F. U. VALENTINE. (SeaD
 WALTER M. BROWNE. (SeaD
 WILLIAM s. SCOTT. (SeaD
 FRANK MORRISON. (SeaD State of Illinois,
 county or CnrlStlan, SS.
 On this eighth day of December. in the year 1902, before me, Edward J. Rhodes. of the Circuit Court in and for the State and County aforesaid. resid- ing therein, duly commissioned and sworn. personally appeared r. w. AN DERSON, E. U. VOLLINTINE, $ MARBLESTONE. w. E. MCBRIDE WALTER M. BROWNE. WILLIAM S SCOTT and FRANK MORRISON. who are known to me to be the persons ce- scribed in. whose names are subscribed to. and who executed the annexed in- strument, and they acknowledged to me that they executed the same for the purposes and considerations therein expressed.
 IN WITNESS WHEREOF I 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.
 (SeaD EDWARD J. RHODES,
 Clerk Circuit Court Christian
 County, Illinois.
 My commission expires First Mon- day in Dec. 1904.
 Territory of Arizona.
 County of Maricopa. ss. l, B. F. McFall. County Recorder ll and for the County and Territory aforesaid. hereby certify that I have compared the foregoing copy with the original Articles of Incorporation oi the COLONIAL OIL COMPANY. filed and recorded in my office on the 18th day Of December, 1902, in Book No. II of Interpretations. at Page -, and that the same is full. true and cor rect copy of such original and of the whole thereof.
 Witness my hand and seal of office this 18th day of December. 1902
 (Seal) B. F. McFALL. County Recorder By A. s. ARTHUR, Deputy.
 Filed and recorded in the office of the Secretary Of the Territory of Arizona this 18th day of December, A. D. 1902 at D. ID.
 ISAAC T. STODDARD.
 Secretary of Arizona