Arizona republican., 1916-11-23

commisSaries houses, and any and all other buildings and structures Of whatsoever kind or nature, to do a general manufacturing, mercantile and agricultural business; 10 own,, handle, sell and control letters patent and inventions; to own. cancel and re- , issue shares of its own capital stock; and to purchase or otherwise acquire, and to hold, own, sell. assign. mort gage, pledge or otherwise dispose of, shares, bonds, debentures. or other evidences of indebtedness of other i corporations. and while the holder thereof, to exercise all the rights and privileges of ownership. including the right to vote thereon; to issue bonds, notes. and other evidences of indebt- edness. and to secure the payment of same hy mortgage. decd Of trust. 0. otherwise; to act as agent. trustee. broker. or in any other fiduciary capacity, and to borrow and to- loan money. and in general 10 do and perform such acts and things and | transact such business in connection 1 with the foregoing objects. not in- [ consistent with law. in any part oi the world. as the Board of Directors may deem to- the advantage of the corporation.
 ARTICLE III.
 The capital stock of this corpora tion shall be THREE MILLION DOL LARS (s3.000, ,000.G0) divided into THREE MILLION (3.000. .000) shares of the par value of ONE DOLLAR sl.00) each; such capital stock may he issued, ct such times. as the Board of Directors may designate. either for cash, or real or personal property, or services, or lease or op tion to purchase. or any other valu- Iak4 -txt.e ax.A purposes of the corporation. and all shares of capital stock so issued shall thereupon and thereby become full paid the same as though paid for in cash at par, and shali be non-assess- able forever. and the judgment of the directors as to the value of any property. right, or thing acquired in exchange for capital stock shall be conclusive. in the absence of actual fraud in the transaction
 ARTICLE ".
 The time 0. the commencement of this corporation shall be the date of issuance to 1t of certificate of ircornoration by the ARIZONA COR PORATION COMMISSION. and it shall endure for the full term of twenty years thereafter. with privilege of perpetual succession as provided by law.
 ARTICLE "
 The affairs of the corporation shall be conducted by a Board of Directors consisting of not less than three (3) nor more than seven @ directors, by whom a President, a Vice-Presi- dent, a Secretary and a Treasurer, shall be elected from among the stockholders, provided that the of- flee of Treasurer may be held by the same person holding any of the o.her above named offices. The Board of Directors may from time to time appoint such other officers and agents as to them may seem meet and proper The Directors shall be elected by and from among the stockholders at their annual meeting to be held on the third Wednesday in october in each year, and shall hold office for ONE YEAR and until their successors have been elected and have qualified. Until the first an- nual meeting of the stockholders and luntl their successors have been elected and have qualified. the fol- lowing named persons shall be the iofficers and Directors as stated:
 LOUIS L. WALLACE, President and Director
 JOHN H. ROBINSON, vice-Presi- dent and Director.
 FRED BLAIR TOWNSEND, Secre- tary- Treasurer and Director. W. B. MITCHELL. Director.
 VIC FANNY, Director
 ARTICLE VI.
 The Directors shall have power to adopt, amend and rescind by laws, to fill vacancies occurring in the Board from any cause, and to appoint from their own number an executive committee and vest said committee with all the powers grant ed the directors hv these Articles.
 ARTICLE VII.
 The highest amount of indebted ness or liability to which the corpor- ation may at any one time subject itself is TWO MILLION DOLLARS t$2, DOC, ,00000)
 ARTICLE VIII
 The private property of the stock holders of the corporation shall be forever exempt from the debts or obligations of the corporation. ARTICLE K. These Articles of Incorporation may be amended by q majority vote ? of the outstanding stock of the cor rorat'on at any regular meeting O.
 the stock holders or at any specia , me eeting thereof called for that pur. pose
 IN WITNESS WHEREOF we hay,