Arizona republican., 1912-02-08

chase price of all property of the cor ! roration sold and disposed of: to make. establish. alter. amend, repeal ar rcscind all bylaws. rules, regula- tons and oNlers of the corporation. ' By resolution to appoint two or more of their number n constitute an ex- ecutive committee which committee shall for the time being. as provided ty said resolution or in the bv-laws 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 and af- fairs of tine corporation with power t0 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 the board.
 The officers of this corporation shall be a president. one or more vice presidents. a secretary. one or more assistant secretaries, a treasurer, one or more assistant treasurerS. a cashier. one or more assistant cashiers. an at torney. 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 at .E.-
 be held on the second Monday of Jan- uary in each year. and all of whom shall hold office for one year and un- til their successors are elected and qualified. unless sooner removed by the board of directors. which the said beard is hereby expressly authorized and empowered to do for any reason it may deem sufficient all such cleo tions. appointments ard removals to be conducted in the manner directed by said board of directors. Provided, that no assistant officer shall be elect ed 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 Ot the board of directors shall be done and performed by q 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. X major aF ka ng 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 to which this corporation i' at any time to subject itself or to be subject shall not exceed the sum of six hundred thousand (s60O. O000O) dollars
 ARTICLE VII.
 The private property of the stock Folders of this corporation shall be and is hereby made forever exempt from all liability for the debts and obligations of the corporation. and the officers and directors of the corporation and their private prop crty shall be exempt from all corpor- ate debts whereSoever incurred.
 ARTICLE VIII.
 The right is hereby reserve>l to the stock and the holders thercof tC amend these articles of incorpora ton by a majority vote Of said com mon stock at any legally held stock holders meeting. and it is expressly ;,, (, the capital stock of this corporation | shall hereafter be increased any part ! of said increased capital stock s:Iy be created, designated and made cumu latiye 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. tSeaD !
 A w. GALPIN. (Sea) |
 CHARLES BOWMAN. (SeaD | Territory of Arizona,
 County of Maricopa. ss. |
 Before me. Geo. A. MintZ, 2. notary l public in and for the county of Mari | copa, territory of Arizona aforesaid. on !, this day personally appeared J. l.. Ol- sen, A. w. Galpin and Charles Bow man. known to me to be the persons whose names are subscribed to the above and foregoing instrument (Ar- ticles of Incorporation of Arizona Home Building Co.) and acknowledg- 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.
 Filed and recorded in the recOrlerS