Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-04-16

transferable instruments; to enter into,
make, perform and carry out contracts
of every kind and for any lawful pur-
pose with any firm, association or cor
pOration; to purchase or otherwise ac-
quire, and to hold, own and enjoy, and
to mortgage, convey or otherwise dis
pose of property of every kind, Charac-
ter and description, real, personal and
mixed; to purchase or otherwise ac-
quire and deal in, and to hold, sell or
otherwise dispose of, the shares of this
or any other corporation, and to buy,
sell, take, own, hold and deal in bonds,
mortgages, pledges, chooses in action,
judgments, inventions, trademarks,
patents, licenses, privileges. options,
and property of every kind and charac-
ter; to install and rent safety deposit
boxes, and in general to do all things
necessary to the proper conduct of the
business of this Corporation not incOn-
sistent with the laws of the United
States and the Territory of Arizona.
ARTICLE ".
The authorized amount of capital
stock of this Corporation shall be
Twenty-Five Thousand and no-1OO dol
lars G25.OOOOO) divided into two
hundred and fifty shares of the
nO-IOO dollars ($1OO.OO) each. At
such time as the Board of Directors
may by resolution direct, said capital
stock shall be paid into this Corpora
ton, either in cash or by the sale and
transfer to it of real or personal prop
erty for the uses and purposes of said
Corporation, in payment for which
shares of the capital stock of said Cor
poration may be issued, and the capital
stock so issued shall thereUpon and
thereby become and be fully paid up
and n-assessable, and in the alb
sence of actual fraud in the transac-
ton the judgment of the Directors as
to the value of the property purchased
shall be conclusive.
ARTICLE V.
The time of the commencement of
this Corporation shall be the date OF
the filing Of a certified copy Of these
articles of Incorporation in the office
Of the Auditor of Arizona, and the
termination thereof shall be twenty
five years thereafter with privilege of
renewal as provided by law.
ARTICLE VI.
The affairs of this Corporation shall
be conducted b. a Board of not less
than three nor more than ten Directors,
by whom a President and Vice-Presi-
dent shall be elected and a Secretary
and Treasurer appointed. The directors
shall be elected by and from among the
stockholders on the first day of Janu-
airy in each year. Until their successors
have been elected and have qualified,
the following named persons shall be
the Directors and Officers: F. s. West
fall. J. B. Westfall, w. +. Boiling and
c. L. CARRIER.
ARTICLE VII.
The highest amount Of Indebtedness
or liability, direct or contingent, TO
which this Corporation shall at any
time subject itself is Sixteen thousand
dollars G16,0O0OO) which amount does
not exceed two-thirds the amount Of
the capital stock.
ARTICLE VIII.
The private property Of the stock
holders of this Corporation shall be
exempt from corporate debts of any
kind whatsoever
ARTICLE TX
At any stockholders meeting Of this
Corporation stock may be voted by
proxy.
IN WITNESS WHEREOF, We have
set our hands and seals this 9Th day of
April, 1911.
(SEAL.) +. s. WESTFALL.
(SEAL) ]. b. WESTFALL.
(SEAL) W. +. BOILING
Territory Of Arizona, County Of Mari
copa SIS
Before me, f. p. Wise, a Notary
Public in and for the Territory and
county aforesaid, on this day person.
ally appeared +. s. Westfall, J. b.
WestfaIl and W. F. Boiling, known to
me to be the persons whose names are
subscribed to the foregoing instrument,
and acknowledged TO me that they exc
cuted the same for the purposes and
considerations therein expressed.
Given under my hand and seal of Of
flee this 9Th day of April, A. d. 1911.
(SEAL) +. p. WISE.
My commission expires May 4, 1913.