Arizona republican., 1908-03-20

shares, stocks. or securities thereof, and to receive and distribute as profits the dividends and interest on such ShaTes, stocks or securities To guarantee the payment of dividends or interest on any shares stocks, debentures, or other se- curities issued by or any other contract or obligations of any corporation when in the judgment of it's directors the same as proper or necessary for the business of the company; and provided the re- quired authority be first obtained from the Board of Directors for that purpose. To renumerate any person or persons or corporation for services rendered or to be rendered in placing or assisting to place, or guaranteeing the placing of any or any debrnture or other securities of the company. or in or about the form ation or promotion of the company or the conduct of it's business.
 ARTICLE V.
 The authorized amount of the capital stock of this corporation shall be Three Million (S3.O)0 OO0.O0D Dollars divided into three million shares, of the par value Of sOne SIO0) dollar each. The Board of 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 to be issued, any part or all of time, or from time to time, and when so Issued it shall be fully paid and non assessable, and in the absence of fraud in the transaction, the judgment of 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 date of thu. filing Of these Articles of Incorporation in the office of the County Recorder Of Maricopa County, Arizona, and the term nation thereof shall be twenty-five years thereafter; but its Charter rights may be renewed from time to time for periods not exceeding twenty-five years at time perpetually:
 ARTICLE VII.
 The affairs of this corporation shall be conducted by a Board of Directors. who shall be elected annually by the
 ARTICLE VIII.
 The annual meeting of the stockholders shall be held on the 9th day Of March of each year. and said stockholders meetings may be held at Cleveland, Ohio.
 The highest amount Of indebtedness or liability. direct or contingent. to which this corporation is al any time subject shall be S2.Og,OD0.00
 ARTICLE x.
 The private property Of the stOckhOld- CTS Of this corporation shall be exempt from any liability or debts of any kind
 ARTICLE XI.
 Among the powers Of this corporations shall be (a) To have perpetual suces- sion: (bl To sue and be sued by the corporation name; (c) To have a 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; (e) To exempt the private property of mem bers from 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 of it's property and create mort { gages. bonds debenture bonds and other evidences Of indebtedness: (hl To es- ! tablish Bylaws and make rules and 1 regulations deemed eXpedient for the l Of the affairs of this cor pOration not inconsistent with the con stitution Of the United States and the 1. Territory of Arizona: (k( To authorize 1 voting by proxy at all stockholders meet ] IN WITNESS WHEREOF. We have hereuntO set our hands and seals this i 10th day of March. A D. lsoS,
 c. J NEAL.
 FRED 6. KLINGMAN.
 T. J. ROSS. STATE OF OHIO.
 CUYAHOGA COUNTESS On this 10th day of March. A. D.. 1908. | before me Notary Public in and for he State aforesaid. residing therein. duly i and sworn, personally ap- | Deared R. F. Hyde. C. J. Neal. Fred | T. J. Ross. known to me to pe the persons described in. and whose names are subscribed to the foregoing instrument. and they acknowledged to ne that they executed the same for the jressed.
 IN WITNESS WHEREOF. have lereunto Set my hands anl affixed my official seal at my office in the said