The Parker post., 1917-11-17

deem necessary to acquire in the en-
forcement or settlement Of any
claims or demands arising out OF its
business transactions, and to issue
and execute in the transaction Of its
business, all necessary receipts, GER
tif1cates and contracts, which shall
be signed by such person or persons
as may be designated by the bylaws
of the corporation.
10. To conduct all or any Of the
business hereinbefore mentioned and
all business incident thereto and
fairly implied in these expressed pur-
poses, although the same be not spe-
cifcally mentioned, and in separate
and different departments in the
manner authorized by law, or In such
manner as may be by law hereafter
authorized and required.
ARTICLE III.
The amount of the authorized
capital stock of the corporation Is
dfteen thousand dollars ($15, 5000.
divided into one hundred fifty (150y
shares, Of the par value Of one hum
dred dollars (S100.00) each, thir-
Teen thousand dollars ($13,090.00)
of which shall be paid in, in cash, at
the time or before the corporation
opens for business.
ARTICLE Nv.
The time of commencement Of this
corporation shall be from the date Of
the issuance and delivery OF the GER
cifcate of incorporation, by the Cor
poration Commission Of the state Of
Arizona, and shall continue and en-
lure for a period of twenty-five
Jears from the date of said issuance
Ind delivery of certificate or incor-
poration.
ARTICLE V.
The officers of the corporation
shall be a president, vice-prestdent,
cashier and secretary. and such other
officers as may be provided for in the
bylaws of the corporation, or as the
board of directors shall, from time
to time, determine. The Office of
cashier and secretary may be vested
IN the same person.
The affairs Of the corporation shall
be conducted by board of directors,
consisting Of not less than three. nor
more than seven directors. all of
whom shall be stockholders, AMI all
directors shall be elected annually. at
the annual meeting of the stockhold-
ers, to be held on the second Satur.
lay in October, each year. at the
principal Office Of the corporation In
Parker, Arizona.
The board Of directors shall, at
iheir first meeting, following the an
nual stockholders meeting, elect q
president, vice-presiden:, cashier and
secretary, all Of whom shalt be stock
holders. and such other officers and
agents as they may doternins to be
necessary, or as may he provided by
he bylaws, and thu duties OF such
officers shall be determined by the
bylaws of the corporation.
The board of directors shall have
he power to establish or cause to be
established and maintained. Que or
more branches and to appoint such
gent or gents to assist In the man.
cement Of its business and in con-
iucting the affairs Of the corpora
ion, as they may, from time to time.
eem advisable and may vest in such
gent or agents such power as they
nay deem expedient,
Should an! vacancy or vacancies
1t any time occur in the board of di-
cectors, the remaining directors shall
lave the power to fill such vacancy
Or vacancies until the next annual
Aeeting of The stockholders,
The board of directors shall also
have the power to make and amend
bylaws and rules and regulations,
leemed expedient for the manage
nent Of affairs of the corporation
md the officers thereof, not inconsis-
.ent with the consultation ,f the
United States and of the state Of
Arizona.
Until the first regular annual
meeting, after the execution and
adoption Of these articles CT tncor.
poration, or until the adoption of by
laws, which shall change the num-
Der of directors, the following stock
holders shall constitute a board OF
directors of the corporations
Newman Essick, of Los Angeles,
California.
M. c. Webb, Of Phoenix, Arizona.
]. F. Raney, of Parker, Arizona.