Arizona republican., 1908-03-23

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 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 guarante".n. the placing or any of the shares of the company's capital. or any debenture or other securities oi the company. or in or about the form ation or promotion or the company or the conduct of it's business.
 The authorized amount of the capital stock of this corporation shall be Three @ Million (s3.O00, ,00O OO Dollars, divided into three million shares. of the par value oi One GlOW dollar each. The Board of Directors may cause said capital stock, or any part thereof. to be subscribed or paid for in cash, or m the of real or personal property. or for services rendered.; and issue, or cause to be issued, any part or all or time, or from time to time, and when so issued it shall be fully paid and non assessable, and in the absence or fraud in the transaction, the judgment of the Board of Directors. as to the value of the propeEty purchased or transferred, or exchanged, or services rendered, shall '' ARTICLE VI
 The time of the commencement of this corporation shall be the date of th' 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 rights may be renewed from time 10 time for periods not exceeding twenty-five years at d time perpetually;
 The affairs of this corporation shall be conducted by 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 at any time subject shall be S2.0)0O OO1.O0
 ARTICLE \.
 The private property of the stockhob CTS of this corporation shall be exempt from any liability or debts of any kind
 ARTICLE XI
 Among the powers of this corporatiOn shall be (a) To have perpetual suc,;s- sion: (b) To sue and be sued by the corporation name: Co To have cominon seal and alter the same al pl assure; td) To render the shares or interest or the stockholders transferable. anl pres Irlbe the mode Of making such transferst te) To exempt the private property Of mem bers from liability for corporation debts; f) To make contracts. acquire and Trans fer property. possessing the same powers in such respect as private IndiFtduals now enjoy: tgJ To mortgage all cG any part of it's property and create mort gages bonds. debenture bonds and other evidences of indebtedness. (hp To es- tablish By-Laws and make rnles and regula tions deemed expedient for the management of the affairs or this cor pOration not inconsistent with the con stitution of the United Stat es and the Territory of Arizona: tk) To authorize voting by proxy at all stockholders meet ines.
 IN WITNESS WHEREOF. we have hereunto set our hands and seals this 10th day of March: A Di 1908
 GU NEAL.
 FRED c. KLINGMAN,
 T. J. ROSS.
 STATE OF OHIO.
 CT'YAH0GA' COUNTY.-S
 On this 10th day Of March, A. D., 1908. 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 Knngman. 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 eXeCsIted the same for the purpose and considerations therein eX- pressed.
 IN WITNESS. WHEREOF. have hereunto set my lsands anl affixed my official seal at my office in the said