Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-07-04


secure the payment OF same by mort
gage, deed Of trust, or ether like in
strument. and 20 exercise in respect
thereto and to all shares of capital
stock and other securities and obliga-
lions any and all OF the rights, powers
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 capt.
tai stock of the Corporation is One
Hundred Thousand (s100.000.00) Dol
lars. divided into One Thousand 10000
shares of the par value Of One Hundred
(s100.00) 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,
BILE. And the Judgment of the Board
of Directors a. to the value of any
property. right or thing acquired in ex-
change for it's 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
Iporation 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 NJ. 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 ~ it's business.
ARTICLE VIII.
The officers Of this Corporation shall |
be a President, n Vice President. a |
Secretary and a Treasurer, who NAV |
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 8. Hildreth shall be |
the President and Treasurer. Irene |
NJ. Hildreth 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 ($6O.0G0) Dollars. which amount
does not exceed two-thirds OF the
amount of the capital stock.
ARTICLE y.
The private property Of the stock
holders o; this Corporation shall be
-orever 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 and all meetings Of the stock
holders Of this CCl pOration. a majority d
OF the shares OF the capital stock vot- n
Ing in the affirmative upon any propo- n
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
IN WITNESS WHEREOF, we have
hereunto ret our hands and seals this
9Th dav IJecember, A. d. 1910.
ZEN S. HILDRETH. (SeaD.
IRENE NJ. HILDRETH (SeaD.