Arizona republican., 1908-06-16

DOrrOW ana lOdn money, OptrdliHS moving picture shows, stock or vaude- vile, theatrical companies, buying or renting films.
 V.
 The authorized amount of capital stock of this corporation shall be Ten Thousand dollars (s10,000), divided into fifty shares of the par value of Two Hundred dollars ($200) each. The board of directors may cause said cap | ital stock or any part thereof to be subscribed or paid for in cash in the purchase or exchange or transfer of real or personal property or for the services rendered aud to issue or cause ! to be issued any part or all of the capital stock as required at any time or from time to time and when so is- sued it shall be fully paid and non-as- sessable and in the absence of fraud in the transactions, the judgment of the board of directors as to the valu- ing of property purchased or trans ferred or exchanged or services rem dered shall be conclusive. That the time of the commencement of this corporation shall be the date of the filing of these articles of incor- poration in the office of the county auditor of Maricopa county. Arizona. and the termination thereof shall be twenty-five years thereafter.
 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 first Monday of January of each year. The highest amount of indebtedness or liability, direct or contingent to which this corporation is at any time sub ject, shall be not to exceed Six Thou sand Five Hundred dollars (S6.500)
 VIII.
 The private property of the stock holders of this corporation shall be exempt from corporate debts of any kind whatever.
 Among the powers of this corpora ton shall be:
 1. To have perpetual succession.
 2. To sue and be sued by the cor porate name.
 3. To have a common seal and alter the same at pleasure.
 4. To render the shares or interests of stockholders transferable and pre- scribe the mode or manner of making such transfers.
 5. To exempt the private property of members from liability for corpor- ate indebtedness.
 6. To make contracts, acquire and transfer property, possessing the same powers in such respects as private in- dividuals now enjoy.
 [. To mortgage all or any part of its property and create mortgages. bonds, debenture bonds and other evil dence of indebtedness.
 8. To establish bylaws and make rules and regulations deemed expedi- ent for the management of the affairs of the corporation not inconsistent with the constitution of the United States and the Territory of Arizona.
 9. To authorize voting by proxy at all stockholders meetings.
 In witness whereof we have here unto set our hands and seals this goth day of May, 1908.
 H. E. GRINNELLL
 E. c. SHERMAN. State of Washington, County of Walla Walla, ss.
 On this goth day of May, 1908, be- fore me, a notary public, in and for said county and state, duly commits stoned and sworn, personally appear ed E. c. sherman, known to me to be the persons described in and whose names are subscribed to the foregoing instrument and they acknoledged to me that they executed the same for the purpose and considerations there in expressed.
 In witness whereof I have hereunto set my hand and affixed my official seal in my office in said state and county the day and year last above written.
 H. c. BRYSON, Notary Public for Washington, resid- ing at Walla Walla, Wash.
 My commission expires Oct. 23, 1910. State Of Montana,
 Yellowstone County, ss.
 On this 18th day of May, 1908, be- fore me, a notary public, in and for the state aforesaid, residing therein, duly commissioned and sworn, person. ally appeared H. E. Grinnell known to me to be the person described in and whose name is subscribed to the foregoing instrument, and the ac- knowledged to me that he executed the same for the purpose and consid- erations therein expressed.
 In witness whereof. I have hereunto set my hand and affixed my official seal at my office in the said state and county the day and year last above written.
 EDGAR B. CAMP, Notary Public in and for said County of Yellowstone, State of Montana. My commission expires March 30th,