Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-07-03

other evidences OF Indebtedness. and 10
secure the payment OF same by mort
gage. deed Of trust, or ether like In
strument, and to exercise in respect
thereto and to all shares of capital
stock and other securities and obliga-
tons any and all OF the rights. powers
and privileges of a natural person; to
act az agent, trustee. broker, or in any
other fiduciary capacity; to borrow
and loan money and, in general, TO do
all things necessary or convenient to
the proper conduct Of the business Of
the Corporation in any part OF the
world
ARTICLE V.
The authorized amount of the capt.
tai stock of the Corporation is One
Hundred Thousand (s100,00O.G0) DOL
lars. divided into One Thousand 10000
shares of the par value Of One Hundred
Cs1OO.OO) Dollars each, which shall be
paid In at such time or times as the
Board of Directors may designate, in
money, real or personal property. SER
vices, lease or leases, option to pur-
chase, or any other valuable right or
thing for the uses and purposes Of this
Corporation. And all shares of its cap
ital stock, when issued in exchange
therefor. shall thereupOn and there
on become fully paid the same
as paid for in cash at par.
and shall forever be nOn-assessa-
BILE And the judgment of the Board
of Directors as to the value of any
property, right or thing acquired in ex-
change for its capital stock shall be
conclusive and binding upon this Cor
poration.
ARTICLE VI
The time Of the commencement Of
this Corporation shall be the day on
which these Articles of Incorporation
are filed in the office of the County Re-
corder of Maricopa County. Territory
of Arizona. and the termination there
of shall be twenty-five (25) years
thereafter, with the privilege Of renewal
for a like period of time as provided by
law.
ARTICLE VII.
The business and affairs Of this Cor
poratiOn shall be managed and conduct
ed by a Board of not less than three
nor more than five Directors. The
Board OF Directors shall be elected from
among and by the stockholders on the
second Monday in January. in the year
Nineteen Hundred Eleven. and upon
the first Monday in January in each
succeeding year thereafter And until
the first annual meeting and until
the meeting OF the stockholders
and until their successors are
elected and qualified. the following
named persons shall constitute the
Board of Directors. viz: Fen S Hill
dreth. irene VI. Hildreth and Ursula De-
Mund. The Board Of Directors may
adopt bylaws for the government of
this Corporation. and when so adopted
shall be and become binding upon it in
the conduct Of its business.
ARTICLE VIII.
The officers OF this Corporation shall
be a President, a Vice President, a
Secretary and a Treasurer, who may
also be directors. ANY two offices may
be held by one person. except the
offices Of President and vice president,
and the offices of Secretary and
Treasurer. And until the first
annual meeting OF the stock
holders on the second Monday in jan
uary, 1911, Fen 9. Hildreth shall be
the President and Treasurer. Irene
NJ IIildreth shall be Vice President
and Ursula DeMund shall be Sec
rotary At the first annual meet
ing OF this Corporation all OF the Off
GERS shall be elected from among the
tockholders.
ARTICLE TX.
The highest amount OF Indebtedness
or liability, direct or contingent, to
which this Corporation is at any time
to subject itself shall be Sixty ThOus-
ana ($60,OG0) Dollars. which amount
does not exceed two-thirds OF the
amount of the capital stock
ARTICLE "
The private property OF the stock
holders o: this Corporation shall be
brewer exempt from its corporate debts
or obligations.
ARTICLE XII
At any meeting Of the stockholders Of
this Corporation. any of the shares of
its capital stock entitled to vote at
such meeting may be voted by proxy
in such manner as the bylaws may
provide
ARTICLE XII.
AT any ana all meetings OF tne stoch-
holders Of this Col pOration. majority
of the shares OF the capital stock vot-
ing in the affirmative upon any propo-
sition, matter or thing in relation to
the general business OF this Corporation
shall be decisive of such proposition.
matter or Thing and binding upon the
Corporation.
IN WITNESS WHEREOF, we have
hereunto set our hands and seals this
9th dav December, A. ID. 1910.
FEN s. HILDRETH, (SeaD.
IRENE Nj. HILDRETH (SeaD.
URSULA DeMUND (SeaD.
SAM L. EASTERLING (SeaD.
TERRITORY OF ARIZONA,
County of Maricopa-ss.
Before me, o. f. Schupp, a Notary
In on1 for the Territory and