Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-07-02

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
! and privileges OF a natural person; 10
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 Cs1OO. 100000 Dol
| lars. divided into one Thousand q .OOO)
shares of the par value of One Hundred
($100.00) 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
itaI 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
fx~aa
poratlOn.
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 like period of time as provided by
law.
ARTICLE VII.
The business and affairs of this Cor
pOratlOn 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 NAV
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
he 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 .. Hildreth shall be
the President and Treasurer. Irene
n. Bildreth 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 (S60.0OO) 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 it's corporate debts |
Or obligations.
ARTICLE XL
At any meeting IF 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 Kramer as the bylaws may
provide
ARTICLE XII.
At any and all meetings of the stock
holders Of this Col DOratiOn. majority
# the shares OF the capital stock vOt-
ng in the affirmative upon any propo-
Sition. matter or thing in relation to
he general business Of this Corporation
'hall be decisive of such proposition,
natter or thing and binding upon the
Corporation.
IN WITNESS WHEREOF, we have
,ereuntc set our hands and seals this
tn dav December A. d. 1910.
ZEN 5. HILDRETH, (SeaD.
IRENE NJ. HILDRETH (SeaD.
Ursula DeMUND (SeaD.
SAM l.. EASTERLING (SeaD.
OF ARIZONA,
County of Maricopa-ss.
Rnfnra me a L Schnnn a Notary |