Arizona republican., 1913-10-22

l holders be allowed to vote at any stockholders meeting, but shall aI- ways be entitled to the dividends above set forth as stated, and the preferred stock is subject to redemp- tion at par at any time that the board of directors may see proper to redeem the same.
 The voting power and the policy and conduct of the affairs of this ! corporation shall forever be vested in the common stock The board of di- rectors may cause said capital stock Or any part thereof to be subscribed or paid for in cash, in the purchase or exchange or transfer of reai or personal property or for services rem dered, and to issue or cause to be issued any part or all of the capital stock as required at any time or from time to time. and when so is sued said stock shall be fully paid and non -assessable, and in the ab- Sence of fraud, the judgment of the board of directors as to the value of the property purchased, transferred or exchanged and as to services rem dered, shall be conclusive The com mon stock may be voted by proxy at
 
 of the commencement of this corpora ton shall be the date of the filing of these articles of incorporation in the Office of the Corporation Commission of the state of Arizona, with a cer- tified copy thereof in the office of the County Recorder of Maricopa county, Arizona, and the termination thereof shall be twenty-five years thereafter. With the privilege of re- newal, as provided by law.
 1. The affairs of this corporation shall be conducted by a board of directors. consisting of not less than fifteen persons, nor more than twen- ty-one persons, and, John J. Corrigan. E. A. Campbell, Carl Brady, T. H. Adams, w. s. Bradford, J. L. Milton. w. L. Cockman, J. w. Martin, J. F. Rayburn, Bert Davis, Chas. S. Aune. +. w. Smith. A. F. Mott c. A. Eld- red. and R. L. Comfort, shall con- stitute the board of directors until the next annual stockholders meeting, which shall be. held on the first Mon day in June, 1914, and each success i've year thereafter.
 The officers of this corporation shall consist of a President, Vice President. Secretary and Treasurer. who shall be elected by the board of directors as soon hereafter as the board may organize and select suit able persons to fill said offices, and when said officers are elected and qualified they shall serve until the annual stockholders meeting which shall be held the first Monday in June, 1914.
 The board of directors are empow cred to make such prudential bylaws as they may deem necessary for the cement of the affairs of this The board of directors are also empowered to fill vacancies in the board when same may occur and fill vacancies in the offices of this corporation at any time when such offices may become vacant.
 ,. The highest amount of indebted ness or liability, direct or contingent, to which this corporation is at any time to be subjected. shall be $665,- 060.00, which amount does not exceed two thirds of the amount of the cap ital stock of this corporation.
 6. The private property of the of this corporation shall be forever exempt from its corporate debts of any kind whatsoever.
 In witness whereof. we have here unto set our hands and seals on this lll6 lNSIlS -olAtIl QdS VI OpS, <A' iC'f 1913.
 JOHN J. CORRIGAN,
 R. A. CAMPBELL [,
 CARL BRADY
 T. H. ADAMS
 w. $. BRADFORD The State of Arizona.
 County of Maricopa ss
 On this the twenty sixth day of July. A. D., 1913, before me, Fred Blair Townsend, a Notary Public in and for the county of Marfcopa, and state of Arizona. personally appeared John J. Corrigan, R. A. Campbell. Carl Brady, T. H. Adams, w. $. known to me to be the persons whose names are subscribed to the foregoing instrument, and they to me each for himself and not one for the other, that they executed the same for the purpose and consideration therein expressed. In witness whereof, I have hereunto set my hand and official seal on the day and year first above written.
 FRED BLAIR TOWNSEND,
 (SeaD Notary Public. My commission expires 2-16, 1916.