Arizona republican., 1908-06-17

The authorized amount of capital stock of this corporation shall be Ten Thousand dollars (s10,OOO), divided into fifty shares of the par value of Two Hundred dollars (s200) each. The board of directors may cause said cap ital stock or any part thereof to be subscribed or paid for in cash in the purchase or exchange or transfer of real or personal property or for the services rendered and to issue or cause to be issued any part or all Of the capital stock as required at any time or from time to time and when so is- sued it shall be fully paid and non-as- sessable and in the absence of fraud in the transactions, the judgment of the board of directors as to the valu- ing of property purchased or trans ferred or exchanged or services rem dered shall be conclusive.
 VI
 That the time of the commencement of this corporation shall be the date of the filing of these articles of incor- poration in the office of the county auditor of Maricopa county, Arizona, and the termination thereof shall be twenty-five years thereafter.
 VII.
 The affairs of this corporation shall be conducted by a board of directors who shall be elected annually by the stockholders. The annual meeting of the stockholders shall be held on the first Monday of January of each year. The highest amount of indebtedness or liability, direct or contingent to which this corporation is at any time sub ject, shall be not to exceed Six Thou sand Five Hundred dollars (s6,500.)
 VIII
 The private property of the stock holders of this corporation shall be exempt from corporate debts of any kind whatever.
 Among the powers of this corpora tion shall be:
 l. To have perpetual succession.
 2. To sue and be sued by the cor porate name.
 3. To have common seal and alter the same at pleasure.
 4. To render the shares or interests of stockholders transferable and pre- scribe the mode or manner of making such transfers.
 5. To exempt the private property of members from liability for corpor- ate indebtedness.
 6. To make contracts, acquire and transfer property, possessing the same powers in such respects as private in- dividuals now enjoy.
 2. To mortgage all or any part of its property and create mortgages, bonds, debenture bonds and other evil ience of indebtedness.
 8. To establish bylaws and make rules and regulations deemed expedi- ent for the management of the affairs 1f the corporation not inconsistent with the constitution of the United States and the Territory of Arizona. 9. To authorize voting by proxy at III stockholders meetings. In witness whereof We have here l into set our hands and seals this goth | lay of May, 1908.
 H. E. GRINNELL.
 E. c. SHERMAN. State of Washington, ,ounty of Walla Walla, ss.
 On this goth day of May, 1908, be- ore me, a notary public, in and for aid county and state, duly commits toned and sworn, personally appear d E. c. Sherman, known to me to be he persons described in and whose ames are subscribed to the foregoing instrument and they acknoledged to le that they executed the same for ba nd | l expressed.
 In witness whereof I have hereuntol ct my hand and affixed my official cal in my office in said state and ounty the day and year last above Tritten.
 H. c. BRYsoN, 'otary Public for Washington, resid- ing at Walla Walla, Wash. l. My commission expires Oct. 23, 1910. tate oe Montana,
 ellowstone County, ss.
 On this 18th day of May, 1908, be- |, ore me, notary public. in and for 1e state aforesaid, residing therein, uly commissioned and sworn, person. Fly appeared H. E. Grinnell, known me to be the person described in nd whose name is subscribed to the instrument, and the ac- to me that he executed le same for the purpose and consid- rations therein expressed, In witness whereof, I have hereunto et my hand and affixed my official eal at my office in the said state and ounty the day and year last above +. ritten. |.
 EDGAR B. CAMP, otary Public in and for said County . of Yellowstone, State of Montana. . My commission expires March 3Oth, :. l0s.