Arizona republican., 1908-03-22

shares. stocks. or securities thereof, ant to receive and distribute as profits tn dividends and interest on such shares ! stocks or securities To guarantee tn payment of dividends or interest on am shares, stocks, debentures or other SC curities issued by or any other contrac or obligations of any corporation when il the Judgment Of it's directors the sam' as proper or necessary for the business of the company; and provided the re quired authority be first obtained iron the Board of Directors for that purpose To renumerate any person or persons o corporation for services rendered or [, be rendered in placing or assisting tC place, or guaranteeing the placing of any or any debenture or other securities o the company, or in or about the form ation or, promotion of the company oi the conduct of its business ARTICLE V. The authorized amount of the capita stock of this corporation shall be Thre, Million ($3OO0, ,000.OO Dollars. divided into three million shares, of the par value o One (Sl.0O dollar each. The Board o Directors may cause said capital stock or any part thereof, to be subscribed purchase or exchange. or transfer of real or personal property. or for services rendered; and issue. or cause 10 be issued. any part or all oi the capital stock, as required at an, time, or from time to time, and when SC issued it shall be fully paid and non- assessable. and in the absence of fraud in the transaction, the judgment oi the Board of Directors, as to the value of the property purchased or transferred or exchanged. or services rendered, shall
 ARTICLE VI.
 The time of the commencement of this corporation shall be the cate of tn. filing or these Articles of Incorporation in the office of the County Recorder oi Marieopa County. Arizona, and the term ination thereof shall be twenty-five years thereafter, but it's Charter rights may be renewed from time to time for periods not exceeding twenty-five years at d time perpetually.
 ARTICLE VII.
 The affairs Of this corporation shall be conducted by a Board of Directors. who shall be elected annually by the stockholders
 ARTICLE VIII.
 The annual meeting of the stockholders shall be held on the 9th day of March. meetings may be held at Cleveland, Ohio.
 ARTICLE TX.
 The highest amount of indebtedness or liability. direct or contingent. to which this corporation is at any time subject shall be S2OOO.0O0.00
 ARTICLE x.
 The private property d the stOckhold- CTS of this corporation shall be exempt from any liability or debts of any kind whatever.
 AkIlCLE NJ.
 Among the powers Of this corporation shall be (a) To have perpetual suces- sion; (b) To sue and be sued by the corporation name: Co To have common seal and alter the same at pleasure; (d) To render the shares or interest of the stockholders transferable. and prescribe the mode of making such transfers: Gel To exempt the private property of menl- DerS rom liability for corporation debts D To make contracts. acquire and trans fer property. possessing the same powers in such respect as private individuals now enjoy. tg) To mortgage all or any part or its property and create mort gages, bonds, debenture bonds and other evidences of indebtedness; (h) To es- tablish Bylaws and make rules and regulations deemed eXpedient for the of the affairs of this cor poration not inconsistent with the con- of the United States and the Territory of Arizona; k) To authorize voting by proxy at all stockholders meet ingS.
 IN WITNESS WHEREOF. We have hereunto set our hands and seals this 10th day Of March, A D., 1908.
 R. F. HYDE.
 C. J. NEAL.
 FRED q. KLINGMAN.
 T. J. ROSS. STATE OF OHIO.
 CUEAHOGA COUNTIES.
 On this 10th day of March. A D.. 190S before me a Notary Public in and for he State aforesaid, residing therein. duly and sworn, personally ap- peared R. r. Hyde. C. J. Neal Fred be the persons described in. and whose names are subscribed to the foregoing instrument, and they acknowledged to me that they executed the same for the pressed. IN WITNESS WHEREOF. I have lereunto set my hands anl affixed my official seal at my office in the said