Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1907-09-22

the board of directors may designate.
All or any portion OF the capital stock
may be issued in payment for real or
personal property. services, or any 9TH
er right or thing OF value. for the
uses and purposes of the corporation,
and when so issued shall become and
be fullpaid, the same as though paid
for in cash at par; and the directors
shall be the sole judges of the value
of any property. right or thing acquir-
ed I'm exchange for capital stock. No
shares OF capital stock shall De issued
until fully paid for and thereafter snail
be non assessable.
ARTICLE ". The commencement
of the corporation shall be the day
these articles are filed in accordance
with law, and the termination thereof
shall be twenty-five years thereafter.
with privilege OF renewal as provided
by statute.
ARTICLE V. The affairs Of the cor
poration shall be conducted by a Board
OF Directors and such officers as the
said directors may elect or appoint.
The number OF directors shall be des-
ignated by the stockholders and shall
be elected from among the stockhold-
ers at their annual meeting to be held
on the first Monday OF August of each
year. Until the first annual meeting
of the stockholders, and until their
successors have been elected and have
qualified. the following named persons
shall be the directors: ]. II. Wadding-
ham, Edmund Burke and w. ]. Arkell.
or ~ sf,.1t
have power to adopt. amend and re-
scind Bylaws, TO fill vacancies occur
ring in the board from any cause. and
to appoint from their own number an
executive committee and vest said COM
mittee with all the powers egranted
the directors by these Articles.
ARTICLE VII. The highest amount
of Indebtedness or liability to which
the corporation is at any time to SUBJ
ject itself is five hundred thousand
dollars (s50O. OOO)
ARTICLE VIII. The private prop
erty of the stockholders of the corpo-
ration shall be forever exempt from its
debts or obligations.
IN WITNESS WHEREOF. We here
unto afflx our signatures this 18th day
OF August, 1907.
J. II. wADDINGHAM (sealJ
EDMUND BURKE (SeaD
w. j. AFKELL (Seal)
State of California,
County OF Los Ange'eS. ss.
Before me, Edgar f. Lefebvre. a
Notary Public in and for said County
and State. on this day personally ap-
peared ]. II. waddingham. Edmund
Burke and w. J. ArkeIl. to me known
to be the persons who subscribed to
the foregoing instrument. and ac-
knovledged to me that they executed
the same for the purposes and consid-
erations therein expressed
WITNESS my hand and seal this
10th day of August. 1907.
My commission expires September
18th. 1907.
(SeaD EDGAR f. LEFEBVRE.
Notary Public in and for the County
OF Los Angeles in the State of Cali
fornia.
Territory of Arizona.
County of Maricopa.
I, c. F. Leonard, County Recorder
In and for the County and Territory
aforesaid, do hereby certify that the
within instrument was filed for record
at 900 o'clock a. m, on this 18th day
of August. 1907. and duly recorded in
Book No. 40 of Inc. Records of Mar
icopa County, Arizona. at pages 81
50.
Witness my hand and official seal
the day and year above written
(SeaD c. F. LEONARD.
County Recorder
BY V. L. VAUGHN, Deputy.
Recorders office. Phoenix, Maricopa
Co. A. T.
Filed and recorder at request of Ed
mund Burke, August 2s. 1907. at 9 a.
m. Book 4s, Inc. Records. pages 51-52.
c. F. LEONARD.
County Recorder,
By V. L. VAUGHN. Deputy.