Arizona republican., 1905-11-10

the said company; and to establish clinic or clinics for the treatmtnt or pa tients by said therapeutic lamp, or any ot her lamp so owned and controlled Dy said company; and to license any person, persons corporation to estaDhsh clinic or clinics for the treatment, od W patients by said therapeutic lamp, and to borrow money for the carrying on or the business of said company, and to co 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 us totaI cap tai stock the maximum number or two thousand five hundred (2,500) shares, or in less number, and to designate the
 same as preferred shares vidd Whicn snareI nareI
 to seven @ per cent on the par value of the same from any net earnings pe-
 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 shali advisable and expedient by the said board of directors and the money so derlVeu | from the sale of said shares snail De | placed in the treasury for treasury pur- poses.
 Fourth: The authorized amount of | capital stock shall be five hundred thous-
 thousand 60,00O shares of the par value | of ten dollars ($lc.00) 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 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-
 and be fully PSad 4P of anf the % | rectors as to the value of the property | purchased shall be conclusive | Fifth: The time of the commencement | of this corporation shall be the Z5d day | of September, 1905, and the termination
 thereof shall be twenty-five years there
 Sixth: The affairs of this corporation
 shall be conducted by board of not not
 more than five (O directors and the fol | lowing named persons shall constitute
 such board and the officers of the cor, | poration until their successors are elected
 H Iha 1 quIHH5iiiiit Hoiiister' vice-president; c, T. 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 II, be | twenty-five thousand dollars G25eOoOo);
 stockholders of this corporation shall bt
 exempt from corporate debts of any kinc
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this , 18th day of September, A, ID. 1905.
 HARRY G. ADAMS. lSeal H. l.. HOLLISTER. Seal F. c. RUTAN (SeaI State of Illinois.
 County of Cook,-ss.
 Before me, Annabel T. Farmer not ary public in and for the state anC ; county aforesaid, on this day personall, appeared Harry G. Adams, F. c. Rutan !, and H. L. Hollister. known to me to b' the persons whose names are subscribed . to the foregoing instrument. and ac , knowledged to me that they executed thu same for the purpose and consideration | therein expressed.
 } Given under my hand and seal of offic' , this 18th day of September 1905. (SeaD ANNABEL T. FARMER, r Notary Public. , My commission expires 18th day O March, 1908.