Arizona republican., 1911-09-14

III ard of Directors may determine
Until their successors are elected an,
lqualified the following named persons
shall be the officers and shall consti
tute the Board of Directors of thi.
corporation:
a. L. Lundgren. President and Di.
Irector.
John Busch. First Vice Presiden
and Director
Sydney Smith, Secretary Treasurel
and Director.
The Directors shall hold their Of.
fees for the term of one year from
the date of their election, and unit
their successors shall have been duly
elected, unless they shall in the mean.
time cease to be a stakeholder in Thu.
corporation. Any person ceasing to be
a stakeholder in this corporation shall
cease to be a director or officer il
the same.
| Vacancies in the Board Of Directors
may be filled by the remaining mem
bers Of the Board for the unexpiret
term for which such persons are elect
ed or appointed.
ARTICLE VII.
| The Board Of Directors shall in ad.
dition to the powers hereinabov,
granted them, have the following pow
erS:
l. To appoint such agents to aid fl
the management of its business ant
in conducting the affairs OF the cor
puration as they may deem advisabl,
and determine and fix their compen-
sation.
| 2. To borrow money on behalf o.
the corporation and contract to re.
pay the same, at such time and a
such rate OF interest as they may
deem proper; and TO execute all ,nec.
essary papers and security incident I,
the same
| 3. To hypothecate. mortgage Of
pledge all or any part OF the cor.
porate property. which it now own.
or may hereafter acquire. TO secur,
the payment Of any money or mon
eys borrowed or owed by II, or To Sc
cure the fulfillment Of any OF its OBJ
Legations.
4. To sell, assign. convey or other
wise dispose OF any or all Of the prop.
erty and assets of the corporation
rot inconsistent with the laws relstiv,
to life insurance corporations. on suci
terms and conditions as they shall
prescribe, whether for cash, propert,
o. stock or bonds of other corpora
tons
.. To make. alter, amend and sub
stitute, any and all by laws, rules an,
regulations, necessary or proper, fol
the management and control of its Of.
ficers, agents, servants and represen
tatives. and for the proper conduct o
its affairs and business.
6. To authorize and direct any Of
| fiCer to make, execute and deliver foI
and in behalf Of this corporation. sucI
papers and documents which may re-
quire execution and delivery on th'
part Of this corporation.
ARTICLE VIII.
The private property Of the stock
holders Of this corporation shall b,
exempt from the corporate debts anC
liabilities OF this corporation.
ARTICLE TX.
The highest amount OF Indebtedness
or liability to which this corporation
may at any time subject itself shall
be the sum Of Two Hundred Thou
sand t2OO.OOO) Dollars.
ARTICLE Y.
The Directors for the first year
shall be the following:
A L. Lundgren. Temple. Texas
Sydney Smith. Tempe. Texas
John Busch. Hutto. Texas.
John Ljungren. Hutto. Texas
s. a. Watts. NJ d, Pendelton, Texas
IN WITNESS WHEREOF we have
hereunto set our hands and seals on
this the 9th day of September, A. d
1911.
a. L. LUNDGREN.
SYDNEY SMITH
JOHN BUSCH.
JOHN LJUNGREN.
6. A WATTS.
State Of Texas,
County of Bell. So.
Temple, Texas. Sept c, 1911.
Before me, Sydney Smith Notary
Public. in and for Bell County, Texas.
this day personally appeared a. L.
l.undgren. John Busch, John Liungren
and S. A. Watts. known to me TO be
the persons whose names are signed
to the above instrument and ac-
knOwledged TO me that they executed
the same for purposes and consider
atoms therein expressed.
My commission expires June /, 1913
Witness my hand and seal.
(SEAL) SYDNEY SMITH.
Notary Public, Bell Co.
Territory OF Arizona,
County of Maricopa. S.
Before me. Ursula DeMund, a No
tary Public in and for the County
and Territory aforesaid. on this day
personally appeared Sydney smith,
known to me to be the person whose
name is subscribed to the foregoing
instrument and he duly acknowledged
TO me that he executed the same for
the purpose and consideration therein
expressed
Given under my hand AMI Official
seal this 9th day of September, 1911
(SEAL) URSULA DeMUND.
Notary Public in and for the County
of Maricopa Territory Cf .Arlz,na
My commission expires May 10, 1913
Filed in the office Of the Recorder
OF MaricOpa County. Arizona. on the
9Th day of September. A. . 1911.
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NOTICE OF APPLICATION FOR A