The Parker post., 1917-03-24

other valuable right or thing, for
the uses and purposes of the corpor-
alton, and all shares of capital stock,
when issued in exchange therefor,
shall thereupon and thereby be-
come and be full-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 cap
ital stock shall be conclusive.
ARTICLE w.
The time of, the commencement of
the corporation shall be the day
these articles are filed in accordance
with law. and the termination there
of shall be twenty-five years there
after, with privilege of renewal and
right Of perpetual succession as now
provided by law.
ARTICLE V.
The affairs Of this corporation
shall be conducted by a board of di-
rectors of such number as shall be
fixed by the bylaws, but not less
than three or more than seven di-
rectors, by whom president and
vice-president shall be elected and a
secretary and treasurer appointed.
The directors shall be elected by and
from among the stockholders on the
first Monday in February of each
year. Until their successors are cleo
ted and qualified, the following
named persons shall be the directors
and officers as stated: M. E. Priest,
director and president; H. c. Nat
ter, director, secretary and treasur-
or: G. G. Spicer. director.
ARTICLE Vi.
The directors shall adopt bylaws
for the government of the corpora
tion and may amend the same. They
shall have power to fill vacancies Oc-
curing in the board Of directors
from any cause, and to appoint from
among their number an executive
committee which, to the extent pro-
vided by resolution or by the said
bylaws, shall have and exercise the
powers granted the directors by these
Articles.
ARTICLE VII.
The highest amount of indebted
ness or liability to which the cor
poration is at any time to subject
itself is Six Hundred Fifty Thousand
Dollars ($650,0OO.)
ARTICLE VIII.
The private properly Of the stock
holders Of the corporation shall be
forever exempt from corporate debts
Of any kind whatsoever
ARTICLE TX.
This corporation hereby appoints,
authorizes and empowers o. M.
Spence, of Parker, Arizona, It's resi-
dent agent for the acceptance of
service of all necessary process 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
hereto atf1x out signatures this Sth
day Of February, 1917.
c. c. SPICER (SEAL)
H. G. NATTER (SEAL)
State of California, County of Los
Angeles-ss.
Before me, Mary E. Priest, a No
tary Public in and for the county
and state aforesaid, on this day per-
sonally appeared c. c. Spicer and
H. G. Natter, known to me to be
the same persons who signed the
foregoing instrument, and acknowl-
edged to me that they executed the
same for the uses and purposes there
in mentioned.
Given under my hand and seal
of office this 8th day of February,
1917.
MY commission will expire on the
9Th day Of December, 1919.
(SEAL) MARY E. PRIEST,
Notary Public in and for the Coun-
ty Of Los Angeles, State of Cali
fOrnia.
Filed in the Office of the Arizona
Corporation Commission, Feb. 10,
1917.
lied in the Office OF The County
Recorder of Yuma County, Feb. y,
1917