Arizona republican., 1917-06-09

deem to the advantage of the cor poration.
 Art. IT. The capital stock of the corporation shall be Three Hundred Thousand $500 00000) Dollars, divided into ten thousand 100000 shares of the part value of Thirty (s3000) Dol lars each, which shall be paid in at such time as the Board of Directors may designate in cash, real or personal property, services, lease, options to pur chase or other valuable rights or things for the use and purposes of the cor poration. and all shares of capital stock when issued in exchange there for shall thereupon and thereby be- come and be fully paid. the same as though paid for in cash at par. and shall be non -assessable 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.
 Art ". The commencement of the corporation shall be the date of the issuance to it of a Certificate of h. corporation by the Arizona Corporation Commission, and it shall endure for the full term of twenty five (25) years thereafter with privilege of perpetual succession. as provided by statute. Art " The affairs of the corpora tion shall be conducted by a Board of Directors and such officers as said di rectors may elect or appoint. The number of directors shall be designated by the Bylaws, and shall be elected from among the stockholders at their annual meeting to be held on the first day of June of eath year Until the first annual meeting of the | stockholders and until their success sors have been elected and have quali- fled. the following named persons shall be the officers and directors: 1 w. A. DOYLE, Fl Paso. Texas 1 WILL P. EDWARDS, Big Springs, Texas.
 OLIVER B. DAWSON. Fl Paso Texas.
 I. A. HALEY, Tucson. Arizona. Art VI. The directors shall have power to adopt, amend and rescind bylaws to fill vacancies occurring in the board from any cause. and to appoint from | their own number an executive com | mittee and vest said committee with all the powers granted the directors by these articles.
 Art VII. The highest amount of in- debtedness or liability to which the corporation mays at any one time sub- ject itself is Two Hundred Thousand | ($200, ,000.OO) Dollars
 Art. VIII. The private property ol the stockholders of the corporation shall be forever exempt from it's debt: or obligations.
 Art. TX. This corporation doe. hereby appoint THOMAS w. NEAL. ON of Phoenix Arizona, who has beer bona fide resident of Arizona for a least three years, it's lawful agent il and for the State of Arizona. for ant in behalf of said company to accep and acknowledge service of and upor l whom may be served ail necessary process or processes in any action suit or proceeding that may be hat or brought against the said company in any of the courts of said State oi Arizona, said service of process ol notice or the acceptance thereof b. said agent endorsed thereon to hay, the same force and effect as if served upon the president and secretary O said company.
 IN WITNESS WHEREOF we here unto affix our signatures and seals this 18th day of May. A. D. 1917.
 w. A. DOYLE,
 OLIVER B. DAWSON,
 J. A. HALEY.
 State of Texas.
 County of Fl Paso. ss.
 Before me, s. P. Weisiger, Notar, Public in and for the state and count! aforesaid. on this day personally ap peared w. A. Doyle and Oliver B Dawson, known to me to be two O the persons whose names are sub scribed to the foregoing instrument and acknowledged to me that the! executed the same for the purpose! and consideration therein expressed.
 Given under my hand and seal O | office. this 18th day of May. A. D. 1917.
 (Netarial SeaD
 S. P. WEISIGER, Notary Public, Fl Paso County. Texas
 My commission expires on June l 1917
 State of Arizona,
 County of Pima, ss.
 Before me, Josephine Clements, a Notary Public in and for the state and county aforesaid. on his day person 1 ally appeared J. A. Haley, known to me to be one of the persons whose names are subscribed to the foregoing | instrument, and acknowledged to me i that he executed the sane for the pur- poses and consideration therein eX- | pressed.
 Given under my hand and scal of