The Winslow mail., 1918-02-22


chase, or any other valuable right or
thing, for the uses and purposes of
the corporation, and all shares of cap
ital stock when issued in exchange
therefor, shall thereupon and thereby
become and be fully paid the same as
If paid for in cash at Par, and shall
be worcestershire forever, and the
judgment Of the Board of Directors as
to the value Of any property, right,
or thing acquired in exchange for cap
ital stock shall be conclusive.
ARTICLE ".
The commencement of the corpora
ton shall be the date of the issuance
to it Of a certificate of incorporation
by the Arizona Corporation Commits
sion, and it shall endure for the f,
term Of twenty-five years thereafter,
with privilege of perpetual succession
as provided by statute.
ARTICLE V.
The affairs Of the corporation shal
be conducted by Board of Directors
and such officers as the said directors
may elect or appoint; and the number
Of directors shall be not less than
three nor. more than five and shall
De elected from among the stockhold-
ars at the annual meeting to be held
on the first Monday in January OF
each year; and, until the first annual
meeting Of the stockholders, and un-
Ill their successors have been elected
and have qualified, the following
named persons shall be the officers
and directors, towit: r. L. Newman,
President; Robert B. Walton, Secreta-
ry and Treasurer; Irene Newman, a
Director and Josephine M. Walton, a
Director.
ARTICLE vi.
The directors shall have the power
to adopt, amend, and rescind bylaws,
to fill vacancies occurring in the
Board for any cause, and to appoint
from their own number an executive
committee and vest said committee
with all the powers granted the di-
rectors by these articles.
ARTICLE VII.
The highest amount of indebted
ness or liability to which the corpora
ton may at any one time subject it
self is sixteen thousand six hundred
100000 Dollars, which is not
more than two-thirds of the amount of
The capital stock.
ARTICLE VIII.
The private property of the stock
holders of the corporation shall be
forever exempt from its debts and OBJ
legations.
ARTICLE TX.
This corporation does hereby ap-
point Clarence HI. Jordan, of Hol-
brook, Navajo county, Arizona, who
nas been bona fide resident of Ari-
IONA for and more than three years,
It's lawful agent in and for the State
IF Arizona, for and in behalf of said
company, to accept and acknowledge
service of, and upon whom may be
served, all necessary process or pro-
cesses in any action, suit, or proceed
ng that may be had or brought
against the company in any of the
courts Of the said State of Arizona,
such service Of process or notice, or
he acceptance thereof, by said agent
endorsed thereon, to have the same
iorce and effect as if served upon the
President and Secretary of said COM
pany.
In Witness Whereof, we have here
INTO affixed our signatures and seals
his 10Th day of December, A. D.,
1917.
Z. L. NEWMAN, (Seal)
ROBERT B. WALTON, (Seal)
RENE NEWMAN, (Seail
JOSEPHINE M. WALTON (Seal)
State Of Arizona,
County of Navajo.-ss.
Before me, Clarence H. Jordan, a
Notary Public in and for the State
md County aforesaid, on this day
personally appeared r. L. Newman,
Robert B. Walton, Irene Newman, and
Josephine NJ. Walton, known to me tC
De the persons whose names are sub
3cribed to the foregoing instrument:
md acknowledged to me that they ex-
2cuted the same for the uses and pur-
poses therein expressed.
Given under my hand and seal OF
office this 10Th day of December, A
D., 1917.
SeaD CLARENCE H. JORDAN.
Notary Public.