Arizona republican., 1905-11-07

! the said company; and to establish a
| clinic or clinics for the treatmtnt of pa
| TENTS by said therapeutic lamp or any
other lamp so owned and controlled by
| said company; and to license any person,
persons or corporation to establish a
| clinic or clinics for the treatment of
patients by said therapeutic lamp, and to
borrow money for the carrying on of the
business of said company, and to do all
things necessary in the furtherance of
Third: The corporation reserves the
right by the unanimous vote of the board
of directors to issue from its total capt.
tai stock the maximum number OF two
thousand five hundred (2,5OO) shares, or
in less number and to designate the
same as preferred shares, which shares
shall receive a preference dividend equal
to seven % per cent on the par value
of the same from any net earnings be-
fore the balance of said shares shall par
ticipate in any dividends or net earnings
so derived from the conduct of said bus
mess. The said preferred shares shall
be sold at such price as shall be deemed
advisable and expedient by the said board
of directors, and the money so derived
from the sale of said shares shall be
placed in the treasury for treasury pur-
poses.
Fourth: The authorized amount of
capital stock shall be five hundred thous-
thousand 100000 shares of the par value
of ten dollars &1G.GOl each. At such
time as the board of directors may, be
resolution direct, said capital stock shall
be paid in either in cash or by the sale
and transfer of real or personal property
to said corporation for its uses and pur,,
stock may be issued and the stock so
issued shall thereupon and thereby be-
come and be fully paid up ana non
rectors as to the value of the property
purchased shall be conclusive.
Fifth: The time of the commencement
of this corporation shall be the I'D day
of September, 1905, and the termination
thereof shall be twenty-five years there
after.
Sixth The affairs of this corporation
shall be conducted by board of not
more than five (5) directors and the fol-
lowing named persons shall constitute
such board and the officers of the cor
poration until their successors are elected
and qualifitd; F. G. Rutan. president;
Rogers, secretary; Harry G. Adams,
treasurer; George P. Swift. director.
Thereafter the board of directors shall
be elected from among the stockholders
on the first Monday in September of each
year. commencing in 1906.
Seventh: The highest amount of in
debtedness or liability to which this cor
poration is at any time subject shall be
twenty-five thousand dollars (s25 100000.
Eighth; The private property of the
exempt from corporate debts of any kind
IN WITNESS WHEREOF, We have
hereunto set our hands and seals this
18th day of September, A d. 1905.
HARRY G. ADAMS. (seaD
II. l.. HOLLISTER. (SeaD
f. G. RUTAN. (SeaD
State of Illinois.
County of Cook,-ss.
Before me, Annabel T. Farmer, a not
airy public in and for the state and
county aforesaid, on this day personally
appeared Harry G.. Adams. F. G. Rutan,
and II. L. HOLSTER, known to me to be
the persons whose names are subscribed
to the foregoing instrument and &C
knowledged to me that they executed the
same for the purpose and consideration
therein expressed.
Given under my hand and seal of office
this 18th day of September. 1905.
(SeaD ANNABEL T. FARMER.
Notary Public
My commission expires 2Sth day of
March. 1908.
Filed according to law. Sept. %. 1906