Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1912-01-09

transact such business not incon-
sistent with law az the board of dir
ectors may deem 10 the advantage of
the corporation.
ARTICLE V. The capital stock of
this corporation shall be Fifty Thou
sand s50.00O.O0) Dollars, divided into
Fifty Thousand C5O,0O0) shares OF the
par value Of One (sI.0O) Dollar each
said capital stock shall be paid into
this corporation Immediately upon
subscription therfor, or at such time
as the board OF directors may desig-
nate. in money. labor. services, or
any other valuable right or thing, or
property Of any kind. To be trans
ferred or assigned to the corporation
az a valuation TO be approved by the
board of directors or the mana ginG
officers Of the corporation as to 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 60 nor more than
tNentN-one cd. as may from time
{" time be fixed by the Bylaws. who
Silstil III tlfNtth lIifili inc St0tkllOlueTS
ut 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
J A. CroZier. W. l.. Burt and Blaine
Bowman are hereby selected to act as
said directors, and to manage the af-
fairs and concerns Of the said cor
poration 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
Gary.
The qualifications and powers OF the
directors shall be fixed. and may be
increased or decreased, as may he
provided, from time TO time in the
Bylaws.
In case Of any increase in the board
OF directors the additional directors
shall be elected as may be provided
in the Bylaws. by 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-
stitutc q quorum, and unless otherwis"
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 10 be affixed to all papers that
may require it,
The directors shall have power To
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
of liability 10 which this corporation
shall subject itself at any one time
shall not be in excess of Twenty-Five
Thousand Dollars G25. 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 IX. 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 i'm the office of the
Auditor OF the Territory of Arizona.
and the termination thereof shall he
thirty 600 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
assessablc 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
]. A CROZIER
w. J.. BURT
BLAINE BOWMAN