Arizona republican., 1904-04-01

Arizona as shall be consistent with the business of a general incorporating company; and to do all acts and things which may be deemed necessary or advisable fer the best interests of such corporations, not inconsistent with the laws of the United States and the Territory of Arizcna.
 THIRD: The authorized amount of capital stock of this corporation shall be Ten Thousand Dollars (S1O, ,O00. .0O) divided into Ore Thousand shares of the par value of ten dollars ($10.00) each. At such times as the Beard O. Directors may by resolution direct said capital stock shall be paid into this corporation, either in cash CT by the sale and transfer to it Of real or personal property for the uses and pur- poses of said corporation, in payment for which shares of the capital stock of said corporation may be issued and the capital stock so issued shall there upon and thereby become and be fully paid up and non assessa ble, and in the absence of actual fraud in the trausac- tion 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 certified copy of these Articles of Incorpora- tion in the office of the Auditor of the Territory of Arizona according to law, and the termination thereof shall be twenty five years thereafter.
 FIFTH; The affairs of this ccrpor- ation shall be conducted by Board of Three (S) Directors and the follow iV,rr Of Directors until their successors are elected: Isaac T. Stcddard, Roy s. Goodrich and Mary M. Stoddard. Thereafter the Board of Directors shall be elected from among the stockholders on the first Monday in April of each year after 1904. The officers of said corporation until their successors are elected shall be:
 Isaac T. Stoddard. President;
 Mary M. Stoddard. Vice-P President;
 Roy S. Goodrich. Secretary;
 Roy $. Goodrich. Treasurer.
 SIXTH: The highest amount of in debtedness or liability. direct or con tingent. to which this corporati-n is at any time subject shall be One Thousand Dollars ($1,OCOOO) which amount does not exceed two-third5 the amount of capital stock
 SEVENTH: The private property cr the stockholders or this corporation shall be exempt from corporate debts Of any kind whatsoever.
 IN WITNESS WHEREOF. We have hsreunto set cur hands and seals this thirty-first day of March. 1904.
 ISAAC T. STODDARD. (SeaD
 MARY M. STODDARD, (SeaD
 ROY s. GOODRICH. (SeaD Territory of Arizona)
 :Es County of MariC-pa)
 On this 31st day of March, in the year 1904. before me, F. D. Lane. q Notary Public in and for tho State and County aforesaid. residing therein. duly commissioned and sworn, person ally appeared Isaac T. Stoddard. Mary M Stoddard and Roy s. Goodrich. known to me to be the persons de- scribed in. whose names are subscribed to. and who executed the annexed i7- strument and they acknowledged to me that they executed the same for the purposes ard considerations there in expressed.
 IN WITNESS WHEREOF. have hercunt- set my hand and affixed my Official Seal, at my office. in the said Territory and County. the day and year last above written.
 F. D. LANE.
 (seaD Notarv Public.
 My commission expires April 15. l9Oc.
 First publication April 1, 1904