Arizona republican., 1905-11-11

the said company; and to establish clinic or clinics for the treatmtnt or pa tients 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 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 oo all things necessary in the furtherance or said business.
 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 (2,5OO 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- and dollars $jOO,00Q, divided into fifty thousand (50,OO0) shares of the par value of ten dollars ($IO.CO) each. At such time as the board of directors may be resolution direct, said capital stock shall
  and transfer of real or personal property to said corporation for it's 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 assessable, and the judgment of the di rectors as to the value of the property purchased shall be conclusive.
 Fifth The time of the commencement 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 qualidtd: F. c. RUtan, president; II. L. Hollister, vice-president; c. T. Rogers, secretary; Harry. G: Adams, treasurer; George r. Swift, director.
 Thereafter the board of directors shall be elected from among the stockholders year, commencing in 1906.
 Seventh: The highest amount of in- poration is at any time subject shall be twenty-five thousand dollars ($25,C00.00).
 Eighth: The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind IN WITNESS WHEREOF, We have hereunto set our hands and seals this
 HARRY G. ADAMS. (SeaD
 IT. l.. HOLLISTER. (SeaD
 r. 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 c. Adams. F. C. Rutan, and T. l.. HOlister, known to me to be the persons whose names are subscribed to the foregoing instrument, and ac- knowlcdged 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. 23. 1905