Arizona republican., 1911-06-26

or otherwise dispose of, pledge, mort gage, hypothecate and deal in land and real estate, mines and mining claims. 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 dispose of smelling and ore reduction works, oil refincries, saw mills and power plants; to do q 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 bonds, 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 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
 ARTICT 10 V
 The authorized amount of the capi- tai stock of the Corporation is One Hundred Thousand C$1O0 0O0G0) 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 ital 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 -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 conclusive 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 lnv IaI l.. Inc, corder of MaricOpa County. Territory of Arizona, and the termination there of shall be twenty-five (2) 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 poration 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 SD adopted shall be and become binding upon it in the conduct of it's business.
 ARTICLE VIII.
 The officers of this Corporation shall be a President, a Vice President, Secretary and Treasurer, who may 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 S. Hildreth shall be the President and Treasurer, Irene M Uildreth 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- ana (S600G0) 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. t'iis Corporation shall be .orever exempt from itS corporate debts or obligations.
 ARTICLE XT
 At any meeting If the stockholders of this Corporation. any of the shares of its capital stock entitled to vote at sucE meeting may be voted by proxy in such I1anner as the bylaws may provide
 ARTICLE XII
 At any and all meetings of the stock holders Of this Col poration. a majority of the shares of the capital stock vot- ing in the affirmative upon any propo- sitiGn, matter or thing in relation to the general business of this Corporation shall be decisive of such proposition. matter or Jhlng and binding upon the 
 IN WITNESS WHEREOF, we have hereuntc set our hands and seals this 4 T.