Arizona republican., 1906-05-31

 shall constitute the Board of Directors and who shall each serve for period of one year and until their respective successors are elected and qualified.
 The Board of Directors shall have and exercise all the power usually ex- ercised by Boards of Directors of in corporation of like character, including the power to dispose of all the assets of the company and as incidental to such powers they shall have the power to enact, promulgate and amend such rules. regulations. and bylaws for the government of the corporation as they may from time to time deem proper. and until such bylaws shall declare otherwise it's business shall be con ducted in Marion county, in the State of Indiana and in Marial, Curry county, in the State of Oregon, with an office in the city of Indianapolis, Marion county. Indiana. and an office in the town of Marial Curry county. Oregon
 Article VI. No stockholder shall have any right to examine the books and affairs of the corporation. except in person, and not so until he shall have been a good faith holder for value of stock for the period of ninety days before such examination.
 Article VII The first meeting of the stockholders shall be held at o'clock D. rn on the second day. of June. 1906, at Indianapolis, Indiana, and notice of said meeting is hereby waived
 At the said meeting a Board of Di- rectors may be elected to serve until the first annual meeting and such oth- CT business may be transacted as might be transacted at a regular meeting of the stockholders.
 The Directors elected at said meet ing are hereby authorized to hold l regular meeting immediately after their election, to elect officers, adopt bylaws and transact any other busi- ness that may be brought before them
 Article VIII. The highest amount Of liability the corporation shall subject itself to at any one time shall not ex- ceed five hundred thousand (S500,0O0) dollars.
 Article TX. This corporation is formed to endure for twenty-five (25) years from the date hereof, but it's charter rights. may be renewed (before its charter expires) from time to time. for periods not exceeding 25 years al a time, perpetually.
 Article x. The private property of the stockholders of this corporation shall be and is hereby made forever exempt from any and all liability for its debts or obligations of whatever kind or character.
 Article XI. The capital stock of this corporation shall be and is hereby made forever non -assessable for any purpose whatever after its issuance and delivery.
 In testimony whereof we, the under signed subscribers, being all of the stockholders in, and incOrpOrators of. and Directors of said corporation, here by waive notice of all first meetings. and have hereunto set our hands and seals this day of May A. D. 1906
 GEO. M. CHENEY.
 THOS. F. HARRINGTON.
 GEO. NJ. CLAY.
 State of Indiana,
 Marion COunty-ss.
 Before me the undersign Notary Public in and for the above named County and State, personally appeared Geo. M. Cheney, Thos. F. Harrington and Geo. M. Clay, who acknowledged the signing of the within contract to be their voluntary act and deed. Wit ness my hand and nOtarial seal this 7th day of May 1906.
 (SeaD HOWELL NOODLE.
 Notary Public.
 My com. expires AIch. 18th, 190T Filed and recorded according to law.