The Parker post., 1916-12-02

cure the payment OF the same by
mortgage, deed Of trust or otherwise;
to act as agent, trustee, broker, or
in amy other fiduciary capacity; to
borrow and loan money; and in gen
eraI to do andperform such acts and
things and transact such business,
not inconsistent with the constitu-
tion and laws OF the state of Arizona
and as the board OF directors may
deem to be to the advantage OF said
Corporation.
ARTICLE w.
The authorized amount OF capital
stock OF this Corporation is and shall
be Eleven Hundred Thousand ($1,-
100 ,O00) Dollars divided into Eleven
Hundred Thousand shares of the par
value OF 81 each. And at such times
as the board OF directors may by res
olution 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
other valuable right or thing for the
use and purpose OF said Corporation,
in payment for which, shares of the
capital S ock OF said Corporation ma
be issued, and the capital stock so
issued shall thereupon and thereby
become and be fully paid up and
non on-assessabLe forever, and in the
absence of all actual fraud in the
transa ction OF he business OF this
Corporation the judgment OF the di
rectors as to the value of the prop
erty purchased shall be conclusive.
ARTICLE V.
The time OF the commencement Of
said Corporation shall be the date OF
she issuing to it of certificate OF
incorporation by theArizona Corpora
tion Commission and the termination
thereof shall be twenty-five years
thereafter with the privilege Of re-
nawal as provided by law.
ARTICLE VI.
The affairs OF this Corpora tion
shall be conducted by a Board OF Dd-
rect>rs, and such officers as the di-
rectors may elect or appoint, and
the following named shall constitute
The board of directors until their sue
a1 Iii
fled: George H. McGinnis, B. L.
Vaughn, D. c. Reed, l.. NJ. Arey, and
Il. H. Moffitt, Jr. And thereafter tn
beard of directors shall be elected
from among the stockholders at the
annual stockholders meeting to be
held on the Second Monday OF Jan
uary OF each year at the office OF
said Corporation. The names OF the
officers who shall have charge, of tn
corporate affairs are President and
Vice President, Secretary and Treas
>ttrer and Board OF five Directors
which shall include the President,
Secretary and Treasurer.
-: ARTICLE VII
The board of directors shall have
power to adopt and amend BYLAWS
for the government Of said Corpora
ton, to fill vacancies occurring in
the board from any cause and to-
appoint an Executive Committee and
Enst said cammittee with such pow
ers as they may determine.
ARTICLE VIII
The highest amount OF indebted
ness or liability, direct or contingent,
subjeot Al any one time shall be
two-thirds Of the amount OF its cap
ital stock
ARTICLE TX. ....
The private property OF the stock
holders and officers of this Corpora
tion shall be exempt from all corpor-
ate debts OF any kind whatsoever
... ARTICLE X.
The names, residences and post
OlllCS dQuFGSSeS OF lRt cOTpOfdIUfS
are:
Names Residences P.O Add
George H. McGiunls San Diego San ego
Z. l.. Vaughn. San Diego San Diego
D. c. Rec. San Diego San Diego
L. NJ Arey San Diego San Diego
r. Fl. Mofftt, Jr San Diego San Diego
In witness whereof we have
hereunto set our hands and seals
this 18th day OF November, A. d.
1916
GEORGE Fl. McGINNIS,
B. l.. VAUGHN, .. --.
D. c. REED,
l.. M. AREY, r.. ."
r; H. MOFFITT, JR.