Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1909-05-21

Sonal; to work, explore, operate mines
and develop the same; to purchase,
lease or otherwise acquire, erect, own
operate and dispose of, smelling and
lease or otherwise acquire, erect, own,
hold, cancel and REISSUE its own capt.
tai stock and to own shares in the
capital stock of other corporations; to
borrow and loan money and in general
to do all things necessary or convent
ent to the proper conduct of the bust
ness of the corporation in any part of
the world. "a
Article 3.
The authorized capital of the corpO-
ration is Five Hundred Thousand
(500,000) dollars, divided into 500, 200
shares of the par value of $1.00 each,
and the said stock shall be issued full
ly paid and n-assessable at such
times as the board of directors may
designate, in cash. reaf or personal
property, services. option to purchase,
or any other valuabie right or thing,
for the uses and purposes of the cor
poration, and all shares of the capital
stock when issued in exchange there
for shall thereupon and thereby be
and become full paid, the same as
though paid for in cash, at par, and
the directors shall be the sole. judges
of the value of any property, of any
right or thing taken in exchange for
capital stock.
Article 4.
The time of the commencement Of
the corporation shall be the day these
articles of Incorporation are filed in
accordance with law and it shall en-
dure for the full term of twenty-five
years thereafter with privilege of per-
sonal succession as provided by sta
tute.
Article 5.
The affairs of the corporation shall
be conducted by a board of not less
than three or more than nine directors
who shall be elected from among and
by the stockholders on the first Tues
day in May of each year and until the
first annual meeting, and until their
successors are duly elected and have
shall constitute the board of directors:
J. d. Mitchell, ]. F. Hemperly and w
H. Slaughter.
Article G.
The directors shall have full power
to adopt, amend, and rescind bylaws,
to fill vacancies occurring in the
board from any cause and to appoint
from their own number an executive
committee with all powers granted
the directors of these articles
Article T.
The highest amount of indebtedness
which the corporation shall at any
time subject itself is Ten Thousand
Dollars. which amount does not ex-
coed two-thirds the capital stock
Article s.
The private property of the stock
holders of this corporation shall be
exempt from corporate debts of any
kind, whatsoever.
In Witness Whereof, we have here
unto set our hands and seals this 10th
day of May, 1909.
]. d. MITCHELL,
]. F. HEMPERLY,
w. H. SLAUGHTER.
Territory of Arizona:
County of Maricopa-ss.
Before me, V. f. Messenger, a No
tary Public, in and for the Territory
and County aforesaid, on this day per-
sonally appeared ]. F. Hemperly and
w. H. Slaughter, known to me to be
the persons whose names are sub
scribed to the foregoing instrument
and acknowledged to me that they
executed the same for the purpose and
considerations therein expressed.
Given under my hand and seal this
10th day of May, 1909.
(SeaD V E. MESSENGER,
Notary Public.
My Commission expires June 5th,
1910.
Territory of Arizona:
County of Yuma-ss.
Before me, Daniel George, a Notary
Public in and for said County and
Territory, on this day personally APP
peared J. d. Mitchell. known to me to
be the person whose name is subscrib-
ed to the foregoing instrument and
acknowledged that he executed the
same for the purposes and conditions
therein expressed
Given under my hand and seal this
11th day of May, 1909.
(SeaD DANIEL GEORGE,
Notary Public.
My Commission expires Feby. 9Th,
1918.