Arizona republican., 1913-04-16
raising. agricultural, horticultural,

raising. agricultural, horticultural, publishing, commission, printing, transportation, photographing, trading, architectural, building, surveying, ad- vertising, motor carriage, bicycle, ho- tel, lumber, livery, miRng and ship ping business in all their branches; to do any and all things which may be necessary or incidental to the proper exercise and enjoyment of the above enumerated powers; to do all other acts of general mer- cantle or commercial character that natural person might do in the management of his personal af- fairs, and to carry on any other business calculated to promote the interests of the corporation. or en- nance the value of it's property.
 ARTICLE ".
 The authorized amount of capital stock of this corporation is One Hun dred Thousand (S1O0,00000) Dollars, divided into one thousand G,000) shares of the par value of One Hun dred (s1O0.00) Dollars per share At such times as the board of directors may by resolution direct, said ca pital stock shall be paid into this corporation, either in cash or by the sale and transfer to it of real or personal property, contracts, services, or any other valuable right or thing for the uses and purposes of said corporation, in payment for which shares of the capital stock of said corporation may be issued and the capital stock so' issued shall there upon and thereby become and be fully paid up and non -assessable and in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased. or services rem dered shall be conclusive.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of the issuance to it by the Arizona Corporation Commission of a certi- ficate of incorporation and the ter imitation thereof shall be twenty five years thereafter, with the pri- vilege of renewal, as provided by law
 ARTICLE VI.
 The affairs of this corporation shall be managed, conducted and con- trolled by Board of Directors com posed of not less than two CD or more than five (5) persons who shall be shareholders in this company, and the incorporators hereof shall be the directors of this company until the first annual meeting of the share holders and until their successors are elected and qualified. The stock holders may, however, at any regular
 
 Der of directors to not more than five (5) and elect the other mem- berS of the board.
 The officers of this corporation shall be a president, vice president secretary and treasurer, and such officers shall be elected by the board of directors of this corporation, but until the next annual meeting of the shareholders and until their sue cessors shall be elected and qualified the following shall be the officers of the corporation, N. F. Olson. presi- dent and treasurer, and Carri Olson vice president and secretary
 The annual meeting of the stock holders of this corporation shall be held on the second Wednesday in April of each year, commencing in 1914, at which time the board of di- rectors shall be elected by the stock holders and such other business trans- acted as may be proper to come be- fore the meeting of the stockholders.
 Each share of stock shall be en- titled to one CD vote at all meet ings of the stockholders and the same may be cast either by the stock 1 holder in person or by his proxy thereunto authorized in writing. The board of directors shall meet immediately upon their election and elect officers of the company, each shall hold his office for one year or until his successor is elected and qualified.
 The board of directors shall have power to make, adopt and amend by laws for the government of the af- fairs of this corporation and to fill vacancies in their number to hold office until the next succeeding meet 1 ing of the stockholders, or until their l successors shall be elected and quali- 1 fled.
 ARTICLE VII
 l The highest amount of indebtedness 1 or liability to which this corporation 1 shall at any time subject itself shall not exceed Sixty Thousand (6O 900 OO) l Dollars.
 i ARTICLE VIII. 1 The private property of the stock l holders, officers and members of this corporation shall be exempt from 1 it's corporate debts of all kinds 1 whatsoever.
 In Witness Whereof we have here ] unto set our hands and seals this eighth day of April. A. D,1913 N. F. OLSON (SeaD CN~rJJ ,n. estA~~ fC-.., n