Arizona republican., 1906-01-22

formed under the act hereinafter referred | to; it being hereby expressly provided tha tthe foregoing enumeration of speci- fic powers shall not be held to limit or, re- strict in any manner the general powers
 Third: The company shall be author ] ized to issue capital stock to the extent O flour million dollars (S4,000,OO0, divided into eight hundred thousand (SO0.000) shares of the par value of five dollars
 The company may issue its capital property. and the judgment of the direct l ors of the company shall be conclusive as to the value if any services CT prop ma ybe issued.
 1 Fourth: The time when the company shall commence business shall be che first day Of December 1905: and the date of ! the termination thereof shall be the first
 Fifth The number of directors shall i be seven, each of whom shall be the owner and registered holder of at least ten shares of the stock of the company. | The date of the annual meeting shall be the first day of December in each and every year of the existence of tltt' com l pany and such annual meeting shall be held either at the principal office of the company in the Territory of Arizona or at the office of the company in the city of Boston. State of Massachusetts. or the l city of New York State of New York, as may be designated in and by the pF-1aws | At any and all meetings of the stock holders, each stockholder shall be en- titled to cast. either by proxy or in per son, one vote for each share oS stock l registered and standing in his name at the time that the transfer books of the company shall be closed next preceding
 Sixth: The highest amount of indebt- edness or liability which may be at any which 1t may be liable shall not exceed | the sum of two million, five hundred ! thousand dollars (S2. 300, 000).
 ! Seventh: The private property of the l officers, directors and stockholders of the | corporation snail be exempt rom any and all liability whatsoever for corporate l debts. nor shall any of the of1c-is, df- | rectors or stockholders of the company | be personally responsible or liable for any act or indebt dness or liability of the
 Eighth: Tn furtherance and not in linn itation of rhe powers conferred by stat ute, the board of directors are expressly l. To hold their meetings at one or | more offices and to keep the books of the l company within or without the territory TO determine from time to time | whether. and if allowed when and under what conditions and regulations the ac- ! counts and books of the company, or any | of the stockholders, and the stockholders rights in this respect are and shall be restricted CT limited accordingly.
 8. To make. alter. amend and rescind, | the bylaws of this company, fix the | amount to be reserved as working; capi- | tal authorize and cause to be executed | mortgages and liens upon the real and | whole board concur therein.
 f. To sell, assign, transfer or otherwise ! dispose of the property of the company as an entirety, provided always that a majority of the whole board concur
 5. By resolution. passed by ma jority of the vote of the whole board. l under suitable provision of the bylaws, | to designate two or more of their num- | Der to onstitute an executive committee, ! which committee shall for the time being. | as provided in said resolution or in the 1 bylaws. have and exercise all the powers l of the board of directors which may be 1 lawfully deleUated in the manaReTnGnt Of ' the business and aaffirs of the company. 1 and shall have power to authorize the l seal of the company to be affixed to all | papers which may require it. The com pany may use and apply its surplus earn ings or accumulated profits authorized by i law to be reserved to the purchase or acquisition of property and to the pur- [ stock from time to time to such extent and in such manner and upon such terms ] as the board of directors shall determine and neither the property nor the capital ] stock so purchased or acquired nor any ! of it's capital stock taken in payment or satisfaction or any deDU que 10 Lhe ! company shall be regarded as profits for the purpose of deciaration of payment ol dividend unless otherwise determined by a majority of the board of directors.
 Ninth: The amount of money with which the company shall commence ] business shall be the sum of one hun dred dollars 31C0.
 We the undersigned, the incorporators herein shall and do respectively sub- l scribe for and do agree to take the num- ber of shares set opposite our respective names and have accordingly signed this certificate and affixed our sales heerto
 Theodore E. Otis postoftice address eight CO; par value, 5000.
 Rudolph w. Specht, postofice address (4J; par value 5000.
 A. H. Vanderpoel, postof1ce address Oarnge. N. J.; number of shares, eight (S): par value S4O.O0.
 in witness whereof. we have hereuntc fixed our hands and seals this 22d day oi " ~- THEoDORE E. OTIS.
 AUGUSTUS H. NANDERPOEL
 R W. SPECHT.
 County of New York. ss.
 personally irsdGii St-e appeared theodore E. otis Rudolph w. Specht and A H. Wander poel, severally known to me to be the several persons whose names are sub, scribed to the foregoing instrument, ano severally acknowledged to me thar they severauy executed the same for the pur' pose and consideration therein expressed
 Given under my hand and seal of of
 My commission expires March go, 1906.
 CARLETON sPRAGqE COCK P; New York County, No. i95.
 State of New York,
 l. Thomas L. Hamilton, Clerk of tho county of New York. and also Clerk (. oi the same being a court of record. dc hereby certify, that Carleton Spragu' certificate of the proof of acknowledg ment of the annexed instrument. anC thereon written, was, at the tune or tax ing such proof or acknowledgement, notary public in and for the county o1 New York, dwelling in the said county commissioned and sworn, and duly au- thorized to -ake the same. And further that l am well acquainted with the hand writing of such notary, and Verily be- lieVe that the signature to the said cer tifcate of proof acknowledgment s . genuine.
 Tn testimony whereof, I have hereuntC set my hand and affixed the seal or tho said court and county, the 23 day o Nov. 1905.
 Court and County SeaD
 THOS. l.. HAMILTON, Clerk Filed according to law Dec. 1. lgvn.
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