Arizona republican., 1917-06-23

act as agent, trustee. broker, or in any other fiduciary capacity. and to borrow and loan money: and in general to do and perform such acts and things and transact such business, not inconsistent with law in any part of the world, as the board of directors may deem to the advantage of the corporation.
 ARTICLE III. The amount of the authorized Capital Stock of the Cor poration is ONE MILLION DOLLARS, divided into ONE MILLION SHA RES of the par value of ONE DOLLAR each, which shall be paid in, at such times as the Board of Directors may designate. in cash real or personal property, ser vices lease option to purchase. or any other valuable right of thing. for the uses and purposes of the Corporation, and all shares of Capital Stock when issued in exchange therefor, shall thereupon and thereby become and be fully paid and the same as though paid for in cash at par. and shall he non assessable forever. and the judgment of the directors as to the value of any property, right or thing acquired in eX- change for Capital Stock, shall be con elusive
 ARTICLE ". The time of the com mencement of the Corporation shall be the day these articles are filed in ac- 
 thereof shall be twenty-five years thereafter. with privilege of renewal and the right of perpetual succession Us now provided by law.
 ARTICLE V. The affairs of the Corporation shall be conducted by q board of not less than three nor more than seven directors. by whom President and Vice President shall be elected and a Secretary and Treasurer appointed The offices of Secretary and Treasurer can be held by one anI the same person. The Directors shall be elected by and from among the stockholders on the first Monday in June of each year. Until their sue cessors are elected and qualified, the following persons shall be the directors and officers as stated D. L. Conner, C. F. Lee. and H. c. Murphy.
 ARTICLE VI. The directors shall adopt bylaws for the government of the Corporation and may amend tho same. They shall have power to fill vacancies occurring in the board from any cause and to appoint from among their number an executive Committee which, to the extent provided bv reso- lution or hy said bylaws, shall have the exercise and powers granted the Directors by these articles.
 ARTICLES VII The highest amount of indebtedness or liability to which the corporation is at any time to sub feet itself is SIX HUNDRED FIFTY THOUSAND DOLLARS
 ARTICLE VIII. The private proper ty of the stockholders of the corpora tion shall he forever exempt from cor porate debts of any kind whatsoever.
 ARTICLE TX. This corporation here by appoints. authorizes and empowers q. T. Bullard, of Phoenix, Arizona, it's resident agent for acceptance. by either of them, of service of all necessary pro- cess in any action. suit or proceeding that may be had or brought against this company in any of the Courts of the State of Arizona.
 IN WITNESS WHEREOF. we here unto affiX our signatures, this 18th day of May. 1917.
 r c. P. LEE.
 H. G. MURPHY. STATE OF ARIZONA
 )SS
 COUNTY OF MARICOPA)
 Before F. M. Erhart, Notary Pub lie in and for the County and State aforesaid, on this day personally app peared c. P. Lee and H. G. Murphy, known to me to be the persons who signed the foregoing instrument and acknowledged to me that they executed the same for the purposes and conisd- eration therein mentioned. Given under my hand and seal of of flee this 24th day of May 1917. (SEAL)
 E. M. ERHART. Notary Public. My commission expires Dec. 1. 1920. Filed in the office of the Arizona Corporation Commission this e4th day of May A. D. 1917 at 3:30 P. M. at re- ~ M office address is Phoenix, Arizona. ARIZONA CORPORATION COM MISSION.
 By F \. JONES. Chairman.