Phoenix tribune., 1918-08-10

tion is affiliated or has any contract
relations; to do any and all things set
forth and to conduct business and
have one or more offices, not only in
this State but in all States of the
United States and South American
Republics and foreign parts of the
world for the purpose of purchasing,
mortgaging, and conveying real and
personal property and in general do
all things necessary to the proper con-
duct of the business of this Corpora
tion not inconsistent with the laws of
the United States and the State of
Arizona.
ARTICLE "
The authorized amount of capital of
this Corporation shall be ONE MIL
LION dollars ($1,OO0,OOO) divided into
TEN MILLION shares of the par value
of 10-100 dollars ($).0.10 cents) each.
At such time as the Board of Direc-
tors may by resolution direct, said cap
ital stock shall be paid into this Cor
poration, either in cash or by the sale
and transfer to it of real or personal
property for the uses and purposes of
said Corporation, in payment for
which shares of the capital stock of
said Corporation may be issued, and
the capital stock so issued shall
thereupon and thereby become and be
fully paid up and worcestershire, and
in the absence Of actual fraud in the
transaction the judgment of the Di-
rectors as to the value of the property
purchased shall be conclusive. Al
ARTICLE v
The time for the commencement of
this Corporation shall be the date of
the issuance to it of a certificate of
incorporation by the Arizona Corpora
tion Commission, and the termination
thereof shall be twenty-five years
thereafter with privilege of renewal as
provided by law.
ARTICLE vi
The affairs of this Corporation shall
be conducted by Board of Directors
and such officers as the said Directors
may elect or appoint. The number of
Directors shall be designated by the
bylaws and shall be elected from
among the stockholders at their an
nual meeting to be held on the second
day of January of each year. Until
the first annual meeting of the stock
holders and until their successors have
been elected and have qualified, the
following named persons shall be the
officers and Directors:
Q) Name: Oscar Hudson.
Address: SS1 Bush Street, San
Cal
C2) Name: McCants Stewart.
Address: Ss1 Bush Street. San
Francisco. Cal
(3) Name: John Sykes.
Address: 1876 Delaware Street,
Berkeley. Cal
N4) name: Una McNeely.
Address: 1918 Scott Street, San
Francisco, Cal.
(5) Name: A. r. Smith.
Address: 92S East Jefferson Street,
Phoenix, Ariz
The Directors shall have the 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 |
committee and vest said committee
with all the powers granted as Direct
ors by these articles.
ARTICLE VII
The highest amount of indebted |
ness or liability, direct or contingent
10 which this Corporation shall at any
time subject itself is Five Hundred
Thousand dollars ($50O0OO) which
does not exceed two-thirds
he amount of the capital stock.
ARTICLE VIII
The private property of the stock
holders of this Corporation shall be
exempt from corporate debts of any
Kind whatsoever.
ARTICLE TX
This Corporation does hereby ap-
point A. R. Smith of Phoenix, Arizona,
who has been bona fiide resident
of Arizona for at least three years, its
statutory agent in and for the State
If Arizona
IN WITNESS WHEREOF, We have
1ereunto set our hands and seals this
27th day Of May, 1918
OSCAR HUDSON (SeaD |
McCANTS STEWART (Sea)l
JOHN SYKES (Seal) |