Arizona republican., 1912-02-09

l chase price of all property of the cor roration sold and disposed of; to , make. establish. alter, amend, repeal, or rcScinI all bylaws. rules, regula- ltions and orders of the corporation. By resolution to appoint two or more } of their number to constitute an rX- ieCutivc committee which committee } shall for the time being, as provided fly 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 and af- fairs of the corporation with power to authorize the seal of the corporation to be affixed to all papers or instru- n:ents 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 q president. one Or more vice presidents a secretary, one or more assistant secretaries. a treasurer. one or more assistant treaSurcrs, d cashier one or more assistant cashiers, an at torney. one or more assistant attcr- 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 If directors at the annual meeting of the directors to be held on the second Monday of Jan uary in each year. and all Of whom shall holI 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 10 do for any reason it may deem sufficient. all such cleo tiUnS, appointments and removals to be conducted in the manner directed by said board of directors. Provided. that no assistant officer shall be elect .d until said board of directors shall deem such assistant officer necessary. Provided. further. that the same per- son may, dv 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 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. 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 VT.
 The highest amount of indebtedness or liability to which this corporation iI at any time to subject itself or to be subject shall not exceed the sum of siN hundred thousand (s6oO0O0O0D 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 crty shall bc exempt from all COrpor ate debts whereSoeyvr incurred.
 ARTICLE VIII.
 | The right is hereby rcseIve,l to the 1 common stock and the holders thercof tC amend these articles of incorpOTa- ton by a majority vote of said com mon stock at any legally held stock | holders meeting. and it is expressly provided and agreed that in the event | the capital stock of this corporation shall hereafter be 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.
 l IN WITNESS WHEREOF, we have hereto set our hands and seals this i 9th day of February. 1912.
 J. l.. OLSEN. (SeaD A. w. GALPIN. (SeaD CHARLES BOWMAN, (SeaD 1 Territory of Arizona,
 ] County of Maricopa, sS.
 I Before me Geo. X. MintZ, :. notary 1 public in ard for the county of Mari copa territory of Arizona aforesaid. on i this day personally appeared J. l.. Ol- | sen. A. ". 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 aclInowledS- ed to me that they executed the same for the purpose and consideration therein expressed. Given under my hand and seal of office this eth day of February. 1912. GEO. A. MINTZ, Notary Public. My commission expires April 3, 1913.