Arizona republican., 1908-03-21

shares stocks. or securities thereof. and to receive and distribute as profits the dividends and interest on such shares. stocks or securities To guarantee the 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 NrenCered in placing or assisting to place, or guaranteeing the placing or any of the shares of the cOmpany's capital. or any debenture or other securities of the company, 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 Ihree Million ($3.000, ,000.UJD Dollars, divided into three million shares, of the par value of One G1.0W dollar each The Board Of i Directors may cause said capital stock. or any part thereof, to be subscribed oqrcHaSi of reSl of f personal Se' property, or for services rendered: and issue, or cause to be issued, any part or all or the capital stock, required at any time. or from time to time, and when so issued it shall be fully paid and non dSSeSSdDlt. anu III lft dDStntC Ol 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 tho filing of these Articles of Incorporation in the office of the County Recorder of , Maricopa County, Arizona, and the term . ination thereof shall be twenty-five years thereafter; but it's charter rlghts may be renewed from time to time for periods not exceeding twenty-five years
 ARTICLE 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 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 at any time subject shall be g.. .0O0, ,O00.0O.
 ARTICLE x.
 The private property of the stockhold- CTS of this corporation shall be exempt from any liability or dehts of any kind '''' ARTICLE NJ.
 Among the powers of this corporation shall be ta) To have perpetual suces- sion. CbJ To sue and be sued by the corporation name; Co 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 u) To make contracts. acquire and trans fer property. possessing the same powers in such respect as private individuals now enjoy; (g) To mortgage all or any part of it's 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 management of the affairs of this cor pOration not inconsistent with the con stitution Of the United States and the Territory of Arizona: dD 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. E. HYDE,
 C. J NEAL.
 FRED c. KLINGMAN,
 T. J. ROSS
 STATE OF OHIO
 CUYAHOGA COUNTESS.
 On this 10th day of March. A b. l9Qs, before me a Notary Public in and for the State aforesaid. residing therein. duly commissioned and sworn, personally ap- peared R. F. Hyde. C. J. Neal. Fred Klingman. T. J. Ross. known to me to 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 purpose and considerations therein eX- pressed.
 IN WITNESS WHEREOF. I have hereunto set my hands anl affixed my official seal al, my office in the said