Arizona republican., 1912-02-12

land when 50 authorized, the same
5 shall be and become the act and deed
of this corporations: TO elect ;he off,
GERS and employees and appoint all
necessary agents, attorneys. servants
employees and laborers Of every kind
for said corporation and to liz and de-
termine. demand, Collect and receive
+ payment for all services rendered by
the corporation for others and the pur-
chase price of all property of the cor
! pOration SOLD and disposed Of; to
make. establish. alter. amend, repeal.
4 or rescind all bylaws. rules. regula-
,tions and orders of the corporation.
BY resolution 10 appoint two or more
of their number TO constitute an ex-
j ecutive committee which committee
shall for the time being. as provided
lily said resolution or in the bylaws.
:, have and exercise all of the powers
which may be lawfully delegated to it
! by said board and resolution in the
/ management of the business AMI af-
fairs of the corporation with power TO
authorize the seal OF the corporation
to BE- affixed To all papers or instru-
ments requiring the same.
/ Any vacancy occurring in the board
of directors shall be filled for the un-
expired term thereof by an election
held By the remaining members of
I the board
! The officers Of this corporation
shall be a president. one or more vice.
, presidents. secretary, one or more
assistant secretaries, a treasurer. one
/ or more assistant treasurers, a cashier,
I one or more assistant cashiers. an at
,! tOrncy, one or more assistant attOr-
neys. an auditor. one or more assistant
auditors, and such other officers as
the board of directors may from time
/ to time determine. direct and appoint,
All of said officers shall be elected or
appointed by the board of directors al
the annual meeting of the directors to
be held on the second Monday Of jan
uary in each year. and all Of whom
shall hold office for one year and I'M
til their successors are elected ana
qualified. unless sooner removed by
the board Of directors. which the said
: beard is hereby expressly authorized
! and empowered To 10 for any reason
il may deem sufficient, all such cleo
tons. appointments and removals to-
be conducted in the manner directed
by said board Of directors Provided.
p, that no assistant officer shall be elect
cd until said board of directors shall
deem such assistant officer necessary
Provided. further. that the same per-
son may. dy direction OF the board OF
= directors. hold any two offices not in
consistent or in conflict one with the
ether
All acts, elections. appointments and
orders of the board of directors shall
/ be done and performed by a majority
vote of the whole board. Any meeting
of said board. with or without notice.
at which all directors are present.
shall be regular meeting. A major
! ity Of the actual members OF said
board shall constitute a quorum for
the transaction Of business at all
meetings Of the board.
/ ARTICLE VI.
The highest amount of Indebtedness
or liability 10 which this corporation
! H. at any time TO subject itself or 10
be subject shall not exceed the sum of
six hundred thousand (s600.OOO.OO)
dollars.
! ARTICLE VII.
The private property of the stock
holders of this corporation shall be
and is hereby made forever exempt
from all liability for the debts and
obligations of the corporation. and the
stockholders. officers and directors of
the corporation and their private prop
erty shall be exempt from all corpor-
ate debts wheresoever incurred.
ARTICLE VIII.
I The right is hereby reserved TO the
! common stock and the holders thereof
tO amend these articles OF incorpOra-
ton by a majority vote of said COM
mon stock at any legally held stock
I holders meeting. ami il is expressly
provided and agreed that in the event
the capital stock of this corporation
shall hereafter he increased any part
of said increased capital stock may be
created. designated and made cumu-
lative preferred stock to the same ex-
| tent as the preferred stock mentioned
[ in Article III hereof.
IN WITNESS WHEREOF. we have
hereto set our hands and seals this
9Th day Of February. 1912.
J. l.. OLSEN. (SeaD
4. W. GALPIN. (SeaD
CHARLES BOWMAN. (SeaD
Territory of Arizona,
County of MaricOpa. s.
Before me. Geo. ~ Mintz. {. notary
public in and for the county of Mari
copa, territory of Arizona aforesaid, on
this day personally appeared J. L. Oh
sen, ~ W. Galpin and Charles Bow
man, known to me to be the persons
whose names are subscribed to the
above and foregoing instrument Car
ticles of Incorporation of Arizona
Home Building Coz and acknowledge
ed to me that they executed the same
for the purpose and consideration
therein expressed.
Given under my hand and seal of
office this 9Th day of February. 1912.
GEO. a. MINTZ.
Notary Public.
My commission expires April 3. 1913.