Arizona republican., 1911-06-28

T or otherwise dispose of, pledge, mort gage. hypothecate and deal in land and real estate, mines and mining claims, Il and all kinds of ores, metals and min eral. oils. gas and coal, mineral lands, coal lands. oil lands. timber lands, water and water rights, and all other property. both real and personal, and to work. explore operate, mine and develop the same. and to deal in the products and by-products thereof; to purchase. lease or other wise acquire. erect, own, operate and l dispose of smelting and ore reduction 1 works, oil refineries. saw mills and | power plants; to do a general manu- | featuring and mercantile business. to | own, handle and control letters patent, | inventions and franchises: to purchase. | hold, own, handle and reissue shares of | it's own capital stock, and to own shares ! of capital stock of other corporations; | to issue bones, notes. debentures and | other evidences of indebtedness, and to 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- tiOns any and all of the rights. powers 1 and privileges of a natural person; to act as 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 capi- tai stock of the Corporation is One | Hundred Thousand CS100000G0) Dol lars. divided into One Thousand q .O00) shares of the par value of One Hundred (s1G0OO 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 It's 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, land shall forever be non-assessa-
 ble. And the judgment of the Board of Directors as to the value of any property right or thing acquired in ex-
 change for it's capital stock shall be lconclusive and binding upon this Cor poration.
 ARTICLE VI.
 The time If 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 Iporation shall be managed and conduct ? ed by a Board of not less than three 2 nor more than five Directors. The
 Board of Directors shall be elected from 9 among and by the stockholders on the second Monday in January, in the year 1, Nineteen Hundred Eleven, and upon [ the first Monday in January in each 9 succeeding year thereafter And until
 the first annual meeting and until s the meeting of the stockholders I and until their successors are s elected and qualified, the following
 named persons shall constitute the 5 Board of Directors, viz: Fen s. Hil- dreth, Irene NJ. Hildreth and Ursula De- Mund. The Board of Directors may
 adopt bylaws for the government of p this Corporation, and when so adopted 9 shall be and become binding upon it in I the conduct of it's business. , ARTICLE VIII The officers of this Corporation shall l be a President. a President, a
 Secretary and a Treasurer. who may [ also be directors. Any two offices may f be held by one person. except the offices of President and vice president. and the offices Of Secretary and ? Treasurer And until the first D annual meeting of the stock , holders on the second Monday in Jan uary. 1911. Fen s. Hildreth shall be
 the President and Treasurer. Irene , Nj. Hildreth shall be Vice President and Ursula DeMund shall be Sec retary. At the first annual meet
 ing of this Corporation all of the off
 cers shall be elected from among the
 stockholders.
 , ARTICLE TX. The highest amount of indebtedness
 or liability. direct or contingent. to
 winch this Corporation is at any time
 to subject itself shall be Sixty ThOus-
 aEO CsGO,OGO) Dollars. which amount does not exceed two thirds of the , amount of the capital stock.
 ARTICLE x.
 The private property of the stock . holders O; this Corporation shall be
 -orever exempt from it's corporate debts or obligations.
 ARTICLE XI. Al any meeting of the stockholders of this Corporation. any of the shares of
 it's capital stock entitled tO vote at
 such meeting may be voted by proxy
 in such l5anner as the bylaws may
 provide.
 ARTICLE XII
 At any and ali meetings of the stock : holders Of this Cul Doration. a majority Y, lof the shares or the capital stock vot- ing in the affirmative upon any propo- . sition, matter or thing in relation to 9 the general business of this Corporation 3 shall be decisive of such proposition 2 matter or thing and binding upon the
 Corporation.
 IN WITNESS WHEREOF, we have