Arizona republican., 1905-11-09

the said company; and to establish a clinic or clinics for the treatmtnt of pa tientS by sad 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 it's total capi-
 tai stock the maximum number or two thousand five hundred (2.5O0) 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- and dollars (S500, ,009), divided into fifty thousand (500O0) shares of the par value of ten dollars (Sl0.00 each. At such
 time, as the board of directors may be 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- poses, in payment for which, capital stock may be issued and the stock so issued shall thereupon and thereby be-
 come and be fully paid up and non rectors as to the value of the property purchased shall be conclusivv. Fifth: The time of the commenceme mt of this corporation shall be the 23d 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 a board of not
 more than five (5) directors and the fol-
 lowing named persons shall constitute poration until their successors are elected
 and qualifitd; F. c. Rutan. president,
 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 snail be twenty-five thousand dollars .00).
 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 C.. ADAMS. (sealD H. l.. HOLLlSTER. (Seal) F. c. RUTAN. (SeaD State of illinois,
 County of Cook,-ss.
 Before me, Annabel T. Farmer a not ary public in and for the state and
 county aforesaid, on this day personally appeared Harry G. Adams. F. c. Rutan, and H. l.. Hollister, known to me to be the persons whose names are sut sHrit cd
 to the foregoing instrument. and ac-
 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, Notar.r Pubic. My commission expires 2sth day of March, 190S
 Filed according to law. Sept. g. 1905.