Arizona republican., 1908-05-20
uHeorporatsdl

pose do hereby adopt articles of in- corporation, as follows:
 ARTICLE I.
 The name Of this corporation shall be The Pinters' Realty Company, and its principal place of business shall be Phoenix, County of Maricopa, Terri tory of Arizona, and other places if desired.
 ARTICLE IL
 The p''rpOse for which this cOrpor- ation is organized and the general ma ture of the business proposed to be transacted is the buying, selling. leas- ing. renting or otherwise acquiring or disposing of real estate, and any i'm provements thereon, in any lawful manner; and generally to do all things necessary, convenient or proper to be done in carrying out the purposes here in specified; to buy, sell, acquire in any manner and hold. and to transfer and in any manner dispose of or hy- pothecate the stock of this corporation, or the stock of any other corporation; to incur indebtedness, and to secure the same by mortgage or other hypoth- ecation of the property of the corpor- ation, real or perosnal: and to do or perform any other thing that a natural person might or could do.
 ARTICLE III. %, 2 The capital stock. of this corporation shall be ten thousand (s10.00O) dollars. divided into two thousand (2.OOO) shares of the par value of five Cs5)) dollars per share, such shares to be is- used as determined by the board of directors, for money, services or in eX- change for property, and the stock is- sued shall be forever n-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 shall be conclu- sive.
 ARTICLE ".
 The time of the commencement of this corporation shall be the date of the filing of these articles of incorpor- ation with the auditor of the territory of Arizona, and the corporation shall exist for twenty-five yetrs from said date.
 ARTICLE V.
 The business of this corporation shall be conducted by a board of directors composed of seven stockholders of this corporation, who shall be elected on the fourth Monday in March of each year, commencing in 1909, and until the first election the following named stockholders shall be and act as di- rectors: J. A. Ball, A. F. Stennett, A A f Scott. George w. Stitzer and Clifford Smith.
 ARTICLE VI. The board of directors shall have power to adopt and amend bylaws for the government of the corporation and to fill vacancies occurring in the board from any cause.
 ARTICLE VII.
 The highest amount of indebtedness to which this corporation shall subject itself shall be the sum of five thou sand (s5,O0O) dollars. r
 ARTICLE VIII.
 The private property of the stock holders of this corporation shall be ex- empt from the debts of this corpora ton.
 ARTICLE TX.
 These articles of incorporation may be amended by majority of the stock holders of this corporation at any reg ular meeting of the stockholders or al any other meeting called for such pur- pose.
 In witness whereof. We have here unto affixed our signatures and seal this 31st day of March, 1908. (Seal) J. A. BALL, (SeaI) A. F. STENNETT, (SeaI) A H. THEREIN, (SealO C. s. SCOTT, (Seal) CHAS. A. STAUFFER. CSeal)' CLIFFORD SMITH, (Seal) GEO. w. STITZER. Territory of Arizona,
 County of MaricOpa, ss.
 Before me, Geo. A. Mintz, a notary public in and for the county aforesaid. on this day personally appeared J. A. Ball. AZ. Stennett, A. H. Tebben, Charles A. Stauffer, C. S. Scott, Geo. w. Stitzer and Clifford Smith known to me to be the perOsns who signed the foregoing instrument and severally ac- knowledged to me that they executed the same for the uses and purposes therein mentioned.
 Given under my hand and seal of of flee this 3lst day of March A. D., 1908
 GEO. A. MINTZ, Notary Public. My commission expires April 3, 1909