Arizona republican., 1908-03-24

 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- 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 10 place. or guaranteeing the placing of any of the shares of the company's capital. or any debenture or other securities of the company. or in or about the form alton 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 Three Million (S3OO0, ,0O0.O0) Dollars, divided into three million shares, of the par value of One $l.VO dollar each. The Board of Directors may cause said capital stock, or paid for in cash. or in the purchase or exchange, or transfer of real or personal property. or for services rendered. and issue, or cause 10 be issued, any part or all of the capital stock. as required at any time. or from time to time, and when so issued it shall he fully paid and non assessa ble. and in the absence of fraud 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 th'. in the office of the County Recorder of Maricopa County, Arizona, and the term ination thereof shall be twenty-five years thereafter, but its Charter rights may be renewed from time to time for periods not exceeding twenty-five years at a time perpetually.
 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.
 ARTICLE IN.
 The highest amount of indebtedness or liability. direct or contingent, to which this corporation is at any time subject shall be $2OOO. .000.O0.
 ARTICLE x.
 The private property of the stockhold- CTS of this corporation shall be exempt from any liability or debts of any kind W AldtcNti
 ARTICLE XI.
 Among the powers of this corporation shall be (a) To have perpetual suces- sion: Cb) To sue and be sued by the seal and alter the same at pleasure; td) To render the shares or interest of the stockholders transferable, and prescribe the mode of making such tranSfers Gel To exempt the private property of mem bers from liability for corporation debts {; CD To make contracts. acquire and trans fer property, possessing the same powers in such respect as private individuals now enjoy; tg) To mortgage all or any part of its property and create mort gages. bonds, debcnture bonds and other 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; Qx) 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.
 C. J. NEAL.
 FRED c. kLINGMAN,
 T. J. ROSS.
 STATE OF OHIO,
 CUYAIIOGA COUNTESS.
 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 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 at my office in the said