Arizona republican., 1913-08-12

and franchises. in the discretion Of the Board of Directors; to acquire by purchase or otherwise franchises of various descriptions; and in gen eral to do and perform such acts and things and transact such business, not inconsistent with law, in any part of the world as the Board of Direct ors may deem to the advantage of the corporation
 ARTICLE ".
 The authorized amount of the capital stock of this corporation shall Dc one million dollars divided into one million shares of the par value ot one dollar each. At such times as the Borad of Directors may by resolution direct said capital 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 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 thereupon and thereby become and be fully paid up and non-assessabIe. and in the absence of actual fraud in the transaction the judgment of the Directors as to the value of the property purchased shall be conclusive.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of the filing of these articles of incor- poration in the office of the Cor poration Commission of Arizona, and !. certified copy thereof recorded in the office of the County Recorder of Maricopa County, Arizona, and certificate of incorporation delivered to said company by said Corporation Commission and the termination thereof shall he twenty-five years thereafter with the privilege of re- newal as provided by law.
 ARTICLE VI
 The affairs of this corporation shall be conducted by q Board of Direct CTS, and the following named shall constitute the Board of Directors un- tl their successors are elected: :. r. Burton. R. II. Bennett. w. A. Loomis, J. F.. Hays, l.. W. Hokum, M s. McEniry. r. J. Airey. and Alexander Burns. Thereafter the Board of Directors shall be elected from among the stockholders at the annual meeting to be held on the second Tuesday of January of each year
 ARTICLE VII
 The Directors shall have power to adopt and amend Bylaws for the government of the corporation. to fill vacancies occurring in the Board yr and make all rules and regulations deem ed expedient for the mana cement of the affairs of the corporation not in- consistent with the laws of the Unit eI States and the Constitution and Laws of the State of Arizona.
 ARTICLE VIII
 The highest amount of indebted ness. direct or contingent. to which the corporation shall be subject at any one time shall be two hundred r-d fifty thousand dollars.
 ARTICLE IN
 The private property of the Stock holders and officers of the corpora ten shall be exempt from all cor porate debts of any kind whatsoever IN WITNESS WHEREOF. We have hereunto set our hands and seals this 9th day of July. A. D. 1913
 S E. BURTON. whose residence and postoffice ad- dress is No. 1265 w. 39 Place, Los Angeles. California.
 R. II. BENNETT whose residence and postoffice ad- dress is No. 121 s. Olive street. Los Angeles, California.
 w. A. LOOMS whose residence and postoffice ad- dress is No. 1915 w. First street, Los Angeles. California.
 J. F. HAYS
 whose residence and pOstoffice ad- dress is No. 39OS Normandy ave. Los Angeles. California.
 F. W. HOKOM W hose residence and postoffice ad- dress is No. 40 F. 46th street, Los Angeles. California.
 ALEXANDER BURNS whose residence and postoffice ad- dress is No 503 So. Euclid Ave. Pasadena, California.
 F. ]. AIREY
 whose residence and postoffice ad- dress is No. 1739 w. 43rd street, Los Angeles. California.
 M. s. McENIRY whose residence and postoffice ad- uieSS IS \o- 0Vo Fl Iehtro street, South Pasadena. California. STATE OF CALIFORNIA COUNTY OF LOS ANGELES ss
 Before me, Asa Reyes, a Notary Public in and for the said County and State, on this day persnOally ap- peared S. F.. Burton, K. H. Bennett, w A. Loomis, J. F.. Hays, F.. w. tIokum, M. s. McEniry, F. J. Airey, and Alexander Burns, to me known to be the persons who subscribed to the foregoing instrument, and ac- knowledged to me that they executed the same for the purposes and con sderatiOn therein expressed.
 Given under my hand and seal of office this 9th day of July. A. D, 1913.
 My commission will expire on the