Arizona republican., 1911-04-24

letters patent and inventions. and
shares of its own capital stock and
that of other corporations, and to vote
any shares of other corporations. owned
| by it, the same as a natural person
might do; and in general to transact
any and all business in any part of
the world, appertaining or incidental to
the objects of this corporation.
Article ~.
The capital stock of the corporation
shall be five hundred thousand dollars
(s5OO. OOOOO), divided into five hundred
thousand shares (50O,000) of the par
value of one dollar (s1OO) each, which
shall be paid for at such times and in
such manner as the board of directors
may designate. All or any portion of
the capital stock may be issued in
payment for real or personal property,
services, or any other right or thing of
value necessary for or incidental to
the advancement of the purposes of the
corporation, and when so issued, be-
come and be full paid. the same as
though paid for in cash at par; and
the directors shall be the sole judges
of the value of any property right OF
thing acquired IN exchange for capt.
tai stock No shares of capital stock
shall be issued until fully paid for in
the manner and at the price prescribed
by the board of directors, and thereaf-
ter the same shall be worcestershire.
Article w.
The commencement of the corpora
ton shall be the day these articles are
filed in accordance with the law. and
81 ell -
twenty-five (25) years thereafter, with
the privilege of perpetual succession,
as provided by law.
Article v.
The affairs of the corporation shall
be conducted by a board of directors
and such officers as the directors may
elect or appoint. The number Of di-
rectors shall be five go and shall be
elected from among the stockholders at
their annual meeting to be held on the
second Monday in April of each year.
Until the first annual meeting Of stock
holders, the following named persons
shall be the directors and officers Of
this corporation: Directors-Sims
Ely, George L. Young, Frank Thomas,
James Bark and ]. V. Van Eaton; Of
James Bark; vice
president, Observation-Disclosures. secre-
tary treasurer. ]. V. Van Eaton. stock
holders may vote either in person or
by proxy at all stockholders meetings.
Article vi.
The directors shall have the power to
adopt. amend and rescind bylaws, and
to fill vacancies occurring in the board
Of directors from any cause.
Article VII.
The highest amount of Indebtedness
or liability to which the corporation
may at any time subject itself is one
hundred thousand dollars (S100,0O0.O0)
Article VIII.
The private property of stockhold-
crs shall be exempt from corporate
debts of this corporation.
IN WITNESS WHEREOF we have
hereunto set our hands and seals, this
14th day Of April. 1911.
CLYDE y. THOMPSON.
]. V. VAN EATON.
TERRITORY OF ARIZONA,
County of Maricopa, IS
Before me, r. c. Stanford, notary
public in and for the county of Mari
copa. territory of Arizona, on this day
personally appeared Clyde n. Thomp-
son and ]. V. Van Eaton, known To
me to be the persons whose names are
subscribed to the foregoing instrument,
and acknowledged to me that they ex-
ecuted the same for the purposes and
consideration therein expressed.
Given under our hand and seal of Of
flee this 14th day Of April, 1911.
r. {. STANFORD. Notary Public.
Ny commission expires June IS, 1913
Combings made up. 213 Z. Wash
ington. 4-dg