Arizona republican., 1903-02-01

and shares of capital stock or 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 oblga tions any and all rights, powers and privileges of individual owners thereof. including the right to vote upon any shares of stock held by 1t to the same extent that q natural person might or could do; and in general to do all things necessary to the proper conduct of the business of this corporation 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 shah be five hundred thousand $500OO0) 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 eTty for the use and purpose of said corporation, in payment for which l shares or 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- | corpora tion in the office of the secre- 1 tary of Arizona, and the termination thereof shall be twenty five years after.
 Fifth The a fairs of this corporation shall be conducted by board of elevel directors. and the following named shall constitute the board of directors until their successors are elected: Charles T. Gilbert, 90 La Sale St, Chicago.
 c. R. swartout. zoo Adams St.. Chi lcago.
 stephen D. May s5 Dearborn St, Chi cago.
 Joseph P. Birren, 1O11 Medinah Tenn pie. Chicago.
 Joseph w. Hill. Lake St. Chicago
 Sheldon Leavitt, 100 State St. Chi cago.
 Theo. Emery, R-712 Medinah Temple Chicago.
 D. S. Anderson, 14-1G Board of Trade Chicago.
 p. E. Daniels, Berkeley, California
 Willard l.. Cobb. Evanston. Illinois.
 C. B. Wilson, 7S3 West Madison St. Chicago.
 Thereafter the board of director. shall be elected from among the stock holders as the bylaws of the corpora ton may provide.
 Sixth. That any and all meetings ) the stockholders or board of directors or officers of this corporation may b' held not ocIy in the Territory of Ar; zona. but anywhere outside of the ter ritory of Arizona as from time to tim' may be provided by the bylaws of thi: 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 owned by them in this corporation, il the r..anner provided, and subject t' z the provisions of the bylaws of thi !, corporation. as the same may be adopt = cd from time to time. Eighth. These articles of incorpora i ton may at any uime be amended O changed in any respect or new pro visions added thereto by the affimativ vote of majority of the stockholdere Such amendment. change or additio shall be signed and acknowledged b the president and attested by the secre tary of the corporation, and no sue amendment, change or addition shaI be valid unless recorded and publishe as the original articles are required | be.
 z Ninth The highest amount of in dcbtedness, direct or contingent. | ! which this corporation is at any tim z subject shall e five thousand (S5,00C dollars.
 Tenth The private property Of tn stockholders Of this corporation sha be exempt from corporate debts of an kind whatsoever. , In witness whereof. we have hereun to set our hands and seals this 3rd da ' of January 1905. !. CHARLES T. GILBERT,
 C. R. SWARTOUT,
 JOSEPH w. HILL,
 STEPHEN D. MAY. r State of Illinois.
 County of Cook, ss. r On this 3rd day of January, in tn
 year A D., 1903, before me, Lillian \
 Rhode, a notary public in and for tn
 state and county aforesaid, residin = therein, duly commissioned and sworl
 personally appeared C. R. Swartou
 anu stephen D. May, Charles T. Gi /. bert and Joseph w. Hill, known to n
 to be the persons described in, who's E. hands are subscribed to. and who exC D cuted the annexed instrument, an $ they acknowledged to me that they Q, a ccuted the same, for the purposes an r. considerations therein expressed ,e In witness whereof, I have hercunt
 set my hand an affixed my official sea -- at my office in the said state and couI
 ty, the day and year last above wri -., ten.
 (Notary Seal) LILLIAN M. RHODE i- My commission expires Decemb'
 12th. A. D., 1906. l., Territory of Arizona.
 County of Maricopa, ss O. I. B. F. McFall, county recorder