Arizona republican., 1917-03-25
PAGE NINE

essary, suitable. or proper for the poses. or the attainment of any one or more of the objects herein enum- erated, or which shall at any time appear conducive to or expedient for the protection or benefit of this corporation.
 ARTICLE V.
 The authorized amount of the Capital Stock of this corporation shall be Two Million, Five Hundred Dollars, DIVIDED INTO Two Mil lion, Five Hundred Thousand (2,500,- O0O) Shares of the par value of One ($1.00D Dollar, each.
 Said Capital Stock shall be paid into this corporation immediately up- on subscription therefor, either in cash, services. or by the sale or transfer it to for the purposes, use and benefit of the corporation, of property, real, personal or mixed or any of them, and in payment for which, shares of the Capital Stock of tEiS corporation may be issued, and the stock so issued and when issued, shall thereupon and thereby become fully paid up and non-a ssesSable; and in the absence of actual fraud in the transaction, the judgment of the Board of Directors of this company as to the value of the services rend- cred or of the property purchased, shall be conclusive.
 ARTICLE VI.
 The time of the commencement of this corporation shall be the date of the filing of the original Articles of Incorporation in tEe office of the Corporation Commission of the State of Arizona, and a certified copy there of in the office Of the County Re- corder of the County of Greenlee, State of Arizona, and the termina- tion thereof shall be twenty five years newal from time to time as provided by law.
 ARTICLE VII.
 The affairs of this corporation shall be conducted by a Board of not less than Five (5) nor more than Nine (9) Directors, and the following named persons shall constitute the Board of Directors, until their sue cessors are elected and qualified; viz, w. w. Dutton, Willis Stewart, C. J. Bury, Charles Chesterfield and of Directors shall be elected from among the Stockholders on the Sec ond Monday in January in each and every year.
 The officers of this Corporation shall be. President. Vice President. Secretary and Treasurer, and such other officers as the Board of Di- rectors may, from time to time de- termine; provided that. the President Vice President and Secretary shall be chosen from among the members of the Board of Directors. The Treas urer need not be a meraber of the T nf ljrnptnrC may be filled and the duties thereof discharged by any other officer of the Company, if and when, the Board of Directors shall so determine. The officers of this corporation and until their successors are elected and qualified, shall be as follows: W. w. | Dutton, President; Charles Chester
 field, Vice President; C. J. Bury, Secrearty; and Peter Riley, Treasurer ARTICLE VIII.
 The highest amount of indebted ness or liability direct or contingent, to which this corporation is or shall, at any time. become subject, shall be One Million ($1,000,0 0,000.00) Dollars, which amount does not exceed two- thirds of the amount of the Capital Stock of this company. ARTICLE TX. | The private property of the Stock Ol lIllS SIldll De exempt from the corporate debts and
 liabilities of any and every kind, i whatsoever.
 | IN WITNESS WHEREOF, we have hereunto subscribed our names, this
 23rd day of February. A. D. 1917. w. w. DTTTTON
 l WILLIS STEWART, | C. J. BURY,
 | CHARLES CHESTERtIELD, | PETER RILEY.
 l STATE OF ARIZONA, County of Greenlee: | The foregoing instrument was l acknowledged before me this 23rd 1 day of February, A. D. 1917, by w. w. Dutton, c. J. Bury, Willis Stewart, | Charles Chesterfield and Peter Riley. l (Notarial SeaD l. L. QUIAT, | Notary Public in and for the County of Greenlee, State of Arizona. My commission expires June 6,