Arizona republican., 1904-04-06

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 Arizona.
 THIRD: The authorized amount of capital stock of this corporation shall be Ten Thousand Dollars (s10.000.00) divided into One Thousand shares of the par value of ten dollars ($10.0O each. At such times as the Board of Directors may by resolution direct, said capital stock shall be paid into this corporation. either in cash or by the sale and transfer to 1t 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-assessab ble, and in the absence of actual fraud in the transac- 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- ton 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 a Board of Three (3) Directors and the follow ing named shall constitute the Board of Directors until their successors are elected: Isaac T. Stoddard, 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 NJ. Stoddard. Vice-President;
 Roy s. Goodrich, Secretary;
 Roy s. Goodrich, Treasurer.
 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 the amount of capital 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 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 ATizona)
 :gs.
 County of Mariccpa)
 On this 31st day of March, in the year 1904. before me, F. D. Lane, a Notary Public in and for the State and County aforesaid, residing therein, duly commissioEed 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 in strument, and they acknowledged to me that they executed the same for the purposes and considerations there in expressed.
 IN WITNESS WHEREOF, I have hereunto 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 Notary Public.
 My commission expires April F, 1906.
 First publication April 1. 1904