The Parker post., 1912-10-05

termine; and the Judgment of the
Board of Directors as to the value
Of any property, services or rights
hereby contemplated shall be con-
elusive. ALI stock, including that
Issued in exchange for, or in pay
ment of, property, services or rights,
IL any, shall be issued full paid and
oe thereafter non-assessable for any
purpose whatsoever in law or in
equity.
ARTICLE vi.
The time of the commencement of
this corporation shall be the date
Of the issuance to it by the ARR
IONA CORPORATION COMMISSION
OF certificate of Incorporation, and
the termination thereof shall be
twenty-five (25) years thereafter,
with the privilege of renewal pro-
vided by law.
ARTICLE VII.
The affairs of this corporation
shall be conducted by a Board of
Directors of not fewer than seven,
nor more than fifteen, all of whom
shall be stockholders, and the fol
lowing named persons, to-wit:
Frederick C. Fenner, No. 1917
Westlake, Los Angeles, Cal.
John A. Chestnut, No. 725
South Alvarado St., Los Angeles,
Cal.
Reilly G. Munn, No. I'll Story
Bldg, Los Angeles, Cal.
William J. Robinson, No. IS
North Stevenson, Pasadena, Cal.
Walter w. Wishon, No. 1874 Alex
andria Av., Los Angeles, Cal.
Arthur L. EngledoW, No. 725
South Alvarado ST., Los Angeles, Cal
Samuel j. Gormly, No. 1868 East
Sixth ST., Los Angeles, Cal:
shall constitute the Board of Direct
ors until the annual meeting of the
stockholders which shall be held on
the first Monday in July, A. d. 1913,
and on the same day and month i'm
each year thereafter. The Board
of Directors is empowered to make
such needful bylaws as it may deem
necessary for the proper management
of the affairs and business of the
Corporation.
In case of any vacancy in the
Board of Directors through death,
resignation, disqualification or other
cause, the remaining directors, by
affirmative vote of a majority of the
Board Of Directors, may elect a sue
cessor to hold office for the unex-
pired portion Of the term of the di-
rector whose place shall be vacant,
and until the election of sue
cessor.
The Board of Directors, by the
affirmative vote of majority of
the whole board, may appoint from
the directors an executive commit
tee, of which a majority shall con-
Gtitute quorum; and to such ex-
tent as shall be provided in the
bylaws, such committee shall have,
and may exercise all and any of the
powers of the Board of Directors, i'm
Guiding power to cause the seal Of
the Corporation to be affixed to all
papers that may require it.
ARTICLE VIII.
The highest amount of indebted
ness, direct, or contingent, to which
this Corporation shall at any time
subject itself, or to which it shall
at any time be subject, shall be the
sum of Five Million Dollars ($5, ,O0O,-
O0O), which amount does not ex-
ceed two-thirds (2-3ds) of the capital
stock hereby authorized
ARTICLE TX.
The property of the stockholders
of this Corporation shall forever be
exempt from it's corporate debts and
liabilities of every kind whatsoever.
ARTICLE x.
The annual or other stockholders
meetings of this Corporation shall
be held at it's principal office i'm
Parker, Yuma County, Arizona. Di-
rectors' meetings may be held at the
office or offices of the Corporation,
within OF without the State of Ari-
zona, as may be provided by it's
bylaws At all stockholders meet
ings, votes may be cast in person
or by proxy.
IN WITNESS WHEREOF, we have
hereunto set our hands and seals this
day of August, A. D. 1912.
JOHN A. CHESTNUT.
REILLY G. MUM.
WALTER w. WISHON.
WILLIAM J. ROBINSON.
Signed, sealed and delivered in
presence of F. G. Fenner.