The Parker post., 1917-11-24

GOA nAu RoiSVAoA OoSAto 90 ~ AAoS
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
tiflcates 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-
cifically 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
ifteen thousand dollars ($15, 5,0ett,
divided into one hundred fifty (160)
shares, of the par value Of one hum
dred dollars (S100.00) each, thir-
Teen thousand dollars ($13,000.0O)
of which shall be paid In, in cash, at
The time or before the corporation
opens for business.
ARTICLE w.
The time Of commencement OF this
corporation shall be from the date Of
The issuance and delivery Of the GER
ificate of incorporation, by the Cor
ooration Commission Of the state Of
Arizona, and shall continue and en-
lure for a period of twenty-five
ears from the date OF said issuance
md delivery Of certificate Or incor-
loration.
ARTICLE V.
The officers of the corporation
shall be president, vice-president,
cashier and secretary, and suoh 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
De 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-
ars, to be held on the second Satur-
day in October, each year. at the
principal office OF the corporation In
Parker, Arizona.
The board of directors shall, at
their first meeting, following the an
nual stockholders meeting, elect a
president, vice-presiden.. cashier and
secretary, all Of whom shall be stock
holders, and such other officers and
agents as they may ,loiernlins to be
necessary, Or as may he provided by
the bylaws, and th.. 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, one or
more branches and to appoint such
agent or a gents to assist in the man.
agement Of it's business and in con-
Quoting the affairs Of the corpora
ton, as they may, from time to time,
leem advisable and may vest in such
agent or agents such power as they
may deem expedient. :.
Should any vacancy or vacancies
at any time occur in the board of d.
rectors, the remaining directors shall
have the power to fill such vacancy
or vacancies until the next annual
ii Getting 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
and the officers thereof, not inconsis-
tent with the constitution If the
United States and Of the state OF
Arizona.
Until the first regular annual
meeting, after the execution and
adoption of these articles CT incor.
poration, or until the adoption of by
laws, which shall change the num-
ber of directors, the following stock
holders shall constitute a board Of
directors of the corporalion:.
Newman Essick, of Los Angeles,
California.
M. c. Webb, Of Phoenix, Arizoua.
]. F. Raney. of Parker, Arizona.