Arizona republican., 1912-01-08

transact such business not incon-
sistcnt with law as the board of dir
ectors may deem to the advantage of
the corporation.
ARTICLE V. The capital stock of
this corporation shall be Fifty Thou
sand ($50.000.0O Dollars, divided into
Fifty Thousand C50.0OO) shares OF the
par value of one C$l.0O) Dollar each.
Said capital stock shall be paid into
this corporation Immediately upon
subscription thcrfor. or at such time
as the board of directors may desig-
nate, i'm money. labor. services, or
any other valuable right or thing, or
property of any kind. To be trans
ferrcd or assigned to the corporation
a a valuation To be approved by the
board of directors or the managing
officers of the corporation as 10 the
value thereof shall be conclusive.
ARTICLE VI The affairs. bust
ness and property of this. corporation
shall be conducted, managed and con
trolled by Board of Directors OF not
less than three 90 nor more than
twenty-one cd. as may from time
to time be- fixed by the bylaws. who
shall be elected from the stockholders
at the annual stockholders meeting
on the 18th day of January of each
and every year, who shall hold Of
flee for one year or until their sue
Cessors are elected and qualified: that
y \. CroZier. W. l.. Burt and Blaine
Rowman are hereby selected TO act as
said directors. and to manage tie af-
fairs and concerns of the said cor
uoration during the first year of its
existence. and until the first annual
meeting of the stockholders. which
Will be held on the 18th day of Jan
Cary.
The qualifications and powers of the
directors shall be fixed. and may he
Increased or decreased, as may he
provided. from time To time i'm In.
Bylaws.
In case of any increase in the board
q: directors the additional directors
shall be elected as may he provided
in the Bylaws. 10y the directors, or
by the stockholders at an annual or
special meeting.
The board Of directors may appoint
from their number. an executive COM
mittee, of which majority shall con-
stitute a quorum, and unless otherwise
provided in the Bylaws. such COM
mittee, during the recess of the board
OF directors. shall have, and may ex-
erciSe. all or any of the powers Of
the board of directors. Including pow
er to cause the seal Of the corpora
ton to be affixed TO all papers that
may require it.
The directors shall have power 10
adopt and amend Bylaws for the
government Of the corporation. to fill
vacancies occurring in the board from
any cause
ARTICLE VII. The highest amount
shall subject itself at any one time
shall not be in excess Of Twenty five
Thousand Dollars (S25, 100000
ARTICLE VIII. The private prop
erty OF the stockholders and officers
Of the corporation shall be exempt
from all corporate debts Of any kind.
whatever
ARTICLE TX. The time of the
commencement Of this CORPORATION
shall be at the date of the filing OF
a certified copy OF these Articles Of
Incorporation in the office OF the
Auditor Of the Territory OF Arizona,
and the termination thereof shall be
thirty 900 years thereafter. with pro-
vision of renewal as provided by law.
ARTICLE y. The stock Of this
corporation shall be issued as fully
paid up. and thereafter shall be nom
asseSsable by this corporation for any
purpose
In Witness Whereof we have here
unto set our hands and seals. this
goth day of october, nineteen hun
drcd and eleven.