Arizona republican., 1908-03-12

payment of the same by mortgage or otherwise upon all or any of the prop critics of the corporation.
 To make any and all contracts, &C., quire and transfer any and all species of property and to possess the same powers in such respects as private in- dividuals now enjoy.
 To sell or issue all or any part of it's capital stock or any bonds or other evidences of indebtedness authorized by it's board of directors in payment for the good will, rights, business, per scnal property, real estate or leases thereon, of any person, firm, associa-' tion or corporation and the judg- ment of its board of directors as to the value thereof shall, in the absence of fraud, be conclusive.
 To remunerate any person, persons or corporation for servires rendered, or to be rendered, in placing or assist ing to place any of the snares Of the company'S capital stock or the conduct of its business upon such terms as the board of directors or executive com mittee may determine and direct.
 To borrow or raise money in any amount not to exceed twO-thirds of the amount of the capital stock of the company.
 To purchase, hold or reissue and sell the shares of it's capital stock. To conduct business in any of the states or territories Of the United States.
 To do any or all of the things herein set forth to the same extent as natural persons might or could do.
 ARTICLE H.
 The corporation shall be authorized to issue capital stock to the extent Of one million dollars (S1,00O,000 divided into one million 100000 shares of the par value of one dollar ($1.00) each. This stock must be paid for in full in money or property. and if in property, the valuation thereof shall be determined by the board Of direc- tors. No stock shall be issued except when fully paid for as above indicated.
 ARTICLE ".
 This corporation shall commence its existence upon the date its articles of incorporation are filed for record in the office of the county recorder of Maricopa county Arizona, and termin- ate twenty-five years from that date.
 ARTICLE V
 
 be conducted by a board of five direc- tors, three of whom shall hold office fon one year and two of whom shall hold office for two years from the date of their election. These directors shall be elected after the election for the first year on the last Tuesday in the month of January Of each year.
 ARTICLE VI
 Private property of the stockholders of this corporation is to be exempt from corporate debts.
 ARTICLE -II.
 The members of the board of direc- tors shall have the right to fill any vacancies occurring on the board by death, resignation or Otherrise, and the person so elected to fill any such va cancy shall hold office until the next annual meeting of the stockholders.
 ARTICLE VIII.
 In furtherance and not in limitation of the powers conferred by statute and by this certificate of incorporation. the board of directors is expressly author ized:
 To hold it's meeting, to have one or more offices, and to keep the books of the company at such place or places as may be from time to time designated by them; but the company shall al- ways keep its principal office in Phoe- nix, Arizona.
 ARTICLE TX.
 The names and postOffice addresses of the incorporators and the number of shares of stock for which severally and respectively we do hereby sub scribe and is the amount of capital with which the corporation will com. nence business, are as follows: R. M. Rogers, 1920 Foster Avenue, Chicago. 10 shares.
 F. N. Rogers, 210O Evanston Avenue, 10 shares.
 S. NJ. Titus, l946 Evanston Avenue Chicago, 10 shares.
 In witnses wehreof. We have here unto set our hands and seals this 10th lay of February, 1907.
 R. NJ. ROGERS,
 F. N. ROGERS.
 s. M. TITUS. State of Illinois, County of Cook, ss. This is to certify that R NJ. Rogers. ?. N. Rogers and s. NJ. Titus whose names are subscribed to the above are III personally known to me. Did ap- pear before me, a notary public in and Or the above county, and acknowl- .dges the above to be their free acts md deeds.
 In witness thereof, I have set my land and affixed my seal this 18th day ,f February, A. D.. 1908.
 A. L. BUCHANAN,