Arizona republican., 1907-09-06
ARTICLES OF INCORPORATION
 of the CONTINENTAL PAlO aMAhiLIO RUBBER COMPANY.


 hereunto affixed, do hereby associate ourselves together for the purpose of forming a corporation under the laws of the Territory of Arizona, and 10 that end make the following statement:
 FIRST: The names of the incorpo- rators are: John Madigan, Dana A. Rose and Carlos F.. EstarneZ, and the name os the corporation shall be CON TINENTAL PAI.O AMARILLO RUB- BIER COMPANY.
 The principal place in which the busi- ness of said corporation within the Territory of Arizona is to be trans acted is Phoenix. Maricopa County Arizona. and the principal place or business of said corporation outside the Territory of Arizona, shall be the Clty of New York in the State of New 1ork- at which meetings of Stockholders and the Board of Directors may be held; and the corporation may have such branch offices, either within or without the Territory of Arizona and in for eign countries as may be established by the Board of Directors.
 SECOND: The general nature of the business proposed to be transacted by this corporation is as follows, to-Wlt;
 To make contracts; to purchase, lease, bond, locate or otherwise ac- quire, own, exchange, sell or otherwise dispose of. pledge, mortgage, hypothe- cate and deal in real estate. including timber. rubber. agricultural, grazing aI.d other lands and any and all kinds oi personal, stocks and bonds of other corporations. mines. mining claims. oil lands. mineral lands oil, gas asphEit- um. petroleum. asbestos, salt and wa ter rights. and install machinery to work, mine, explore and operate the same and to prepare their products for market: to build and operate factories and railroads: to navigate rivers, ports and seas; to conduct a banking busi- ness under any rights or franchises which may be acquired from any state or government: to take out. acquire. own and control or dispose of letters patent, patents and inventions and trade marks and copyrights; and in general to engage iS any lawful busi- ness and do all things necessary to the proper conduct of the affairs of this corporation in the Territory and else where, not inconsistent with the laws of the United States and the Territory of Arizona
 THIRD: The authorized amount of capital stock of this corporation shall be Twenty Million Dollars (S20. 0.OO0.O .O0o). divided into Two Hundred Thousand shares of the par value Of One Hundred Dollars (S10O each; thirty thousand of which shares may be preferred as to liquidation. and issued as the Board of Directors may prescribe. At such times as the Board of Directors may bv resolution direct. said capital stock shall be paid into this corporation. either in cash or by the sale and trans fer to it of real or personal property, for the uses and purposes. of said cor poration; in payment for which. shares of the capital stock of said corpora ton may be issued; and the capital stock so issued shall thereupon and thereby become and be fully paid un and non-assessable: and, in the ab- sense of actual fraud in the transac tion. the judgment of the Directors as to the value of the property purchased shall be conclusive.
 FOURTH: The time of the com mencement of this corporation shall be the date of the filing of these Articles of Incorporation in the office of the County Recorder. and the termination thereof shall be twenty-five years thereafter. FIFTH: The affairs of this corpora ton shall be conducted by a Board of not less than three, nor more than seven Directors and the above named incorporators shall constitute the Board of Directors until their successors are elected. Thereafter. the Board of Di- rectors shall be elected from among the stockholders on the second Wednesday of January each year. Any vacancy in the Board may be filled by the re- maining Directors by appointment from among the stockholders, and an executive committee of not less than two nor more than five may be appointed by the Board of Directors with such power as the Board may prescribe. Within a req sonable time after the election of any Board of Directors. they shallNmeet at the New York office of the company and elect the officers of the corporation, who shall be a President, Vice Presi- dent. Secretary and Treasurer, and ap- pOlnt Sucn Otner HlllOT OIIlCeTS or agents as the Board may deem necessary; the office of Treas urer may be filled by person holding any other office. The officers of the corporation until their successors are elected shall be, John Madigan, Pres ident and Carlos E. Estarnez, Secretary and Treasurer.
 SIXTH: The highest amount of in debtedness or liability direct or con- | tingent, to which this corporation is to be at any time subject shall be Five Million (S5.pO000 Dollars. which amount does hot exceed two-thirds the amount of the capital stock.
 SEVENTH: The private property of the stockholders of this corporation shall be exempt from corporate debts | of any kind whatsoever.
 | IN WITNESS WHEREOF, We have l hereunto set our hands and seals this