Arizona republican., 1912-04-06

convenient to the proper conduct of the business of the corporation in any part of the world.
 ARTICLE THIRD: The authorized amount of capital stock of the cor poration is ONE MILLION DOLLARS Gl,00O, ,000). divided into one million Q,OOO.OO0) shares of the par value of One Dollar (s1OO each. which shall be paid in at such times and in such manner as the Board of Di rectors may designate, in cash, real or personal property, services. op- ton to purchase, or any other val uable right or thing. for the uses and purposes of the corporation, and all shares of capital stock, when is- sued in exchange therefor, shall theres upon and thereby be and become full paid. the same as though paid for in cash. at par, and shall be and be- come forever non -assessable for any purpose whatsoever, and the judgment of the Board of Directors as to the value of any such property, services right or thing acquired in exchange for Capital Stock, shall be conclu- sivc
 ARTICLE FOURTH: The time of the commencement of the corpora tiOn shall be the day these Articles of Incorporation are filed in accord anCe with law, and the termination thereof shall be twenty five years thereafter, with privelege of renewal for like periods. as provided by law.
 ARTICLE FIFTH: The affairs of the corporation shall be conducted by Board of Directors of such num- Der as the Bylaws may provide. The Board of Directors shall be cleo ted from among and by the stock holders on the First Monday of March in each year and until the first an- nual meeting; and until their sue cessors are duly elected and have qualified, the following named per sons shall constitute the Board of Directors.
 Frances VI. Elliott, 115 Broadway, Borough of Manhattan, New York City. New York, Clarence F.. Bishop, of No. 115 Broadway. Borough of Manhattan. New York City. New York and Daniel w. Steele, Jr., of No. 11J Broadway, Borough of Manhattan. New York City, New York. The Board of Directors shall adopt By laws for the government of the cor poratiOn.
 ARTICLE SIXTH: The highest amount of indebtedness or liability. direct or contingent, to which the corporation is at any time subject. shall be SIX HUNDRED THOUSAND DOLLARS Cs6OO, ,OOO.O) which amount does not exceed two-thirds the amount of the capital stock
 ARTICLE SEVENTH: The private property of the shareholders of the corporation shall be forever exempt from it's debts and obligations.
 ARTICLE EIGHTH: At any meet ing of the stockholders of the cor poration. any shares of it's capital stock entitled to vote at such meet ing. may be voted by proxy, in such manner as he Bylaws may provide. l
 IN WITNESS WHEREOF, We have ! hereunto set our hands and seals this l twentieth day of February. 1912.
 FRANCES NJ. ELLIOT, CL. S) |
 CLARENCE F.. BISHOP. L. S.) !
 DANIEL w. STEELE,Jr. U.S) i
 Sate of New York, City and County l Of New York; ss.
 Before me, Blanche Schoeps, a l Commissioner of Deeds, in and for | the State. County and City aforesaid. | on this day personally appeared | Frances NJ. Elliot. Clarence T.. Bishop, | and Daniel w. Steele, .. known to me to be the persons whose names are subscribed to the foregoing in strument, and acknowledged to me | that they executed the same for the l purposes and considerations there in expressed.
 Given under my hand and seal of | office this twentieth day of February | A. D. 1912.
 BLANCHE SCHOEPS.
 Commissioner of Deeds of New | York City.