The Parker post., 1916-12-09

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 Nv. .
The authorized amount Of capital
stock of this Corporation is and shall
be Eleven Hundred Thousand ($1.-
100000 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 ito 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 sock of said Corporation ma
be issued, and the capital stock so
issued shall thereupon and thereby
become and be fully paid up and
worcestershire forever, and in the
absence of all actual fraud in the
transac ction OF he business Of this
Corporation the Judgment Of the dt
rectors as to the value OF the prop
erty purchased shall be conclusive.
ARTICLE V.
The time OF the commen cement OF
said Corporation shall be the date of
she issuing to it of a certtfi ficate OF
incorporation by theArizona Corpora"
ton Commission and the termination
thereof shall be twenty-five years
thereafter with the privilege of re-
aewal as provided by law.
ARTICLE vi.
The affairs Of this Corporation
shall be conducted by a Board OF Di"
rececrs, and such officers as the d.
rectors may elect or appoint, and
the following named shall constitute
the board Of directors until their sue
cessors are elected and have quail
fled George H. McGinnis. B. L.
Vaughn, D. c. Reed, L. M: Arey, and
r. H. Moffitt, Jr. And thereafter tn
board of directors shall be elected
from among the stockholders at the
annual stockholders meeting to be
held on the Second Monday Of Jan
dary 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
urer 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 dn
the board from any cause and to
appoint an Executive Committee and
v"st said cammiutee with such pow
ers as they may determine.
ARTICLE VIII.
The highest amount of indebted
ness or liability, direct or contingent
to which this Corporation shall be
subject 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
tIcn shall be exempt from all corpor-
ate debts of any kind whatsoever.
ARTICLE x.
The names, residences and post
office addresses of the corporahors
are: '".
Names Residences P. o. Add
George H. McGinnis San Diego San ego
B. L. Vaughn. San Diego, San Diego
D. G. Rec, San Diego San Diego
L. NJ. Arey, San Diego, San Diego
R. H. Mofitt, Jr San Diago San Diego
In witness whereof we have
hereunto set our hands and seals
this 18th day OF November, A. D.
1915 .-. {
GEORGE H. McGINNIS,