Arizona republican., 1918-03-24

lures or bonds in payment for any | property or commodity which it may | purchase or acquire.
 ,. To make contracts, and to do as fully and to the same extent as natural | persons mig5t or could do, any and all of the things herein set forth, either as principals, agents, contractors, trustees or otherwise, and either alone or in company with other persons, associa- tions or corporations; and in general to have and exercise with respect to all things the powers, privileges, immuni- ties conferred upon corporations of this class by the laws of the State of Ari- zona, and to carry on any business in connection herewith not inconsistent with the laws of the United States.
 ARTICLE III.
 The amount of the capital stock of this corporation shall be Two Million s2,000, ,000.00) Dollars divided into Two Million (2,000,000) shares of the par value of One Dollar ($100) each, which shall be paid in, at such time as the Board of Directors may designate ip cash, real or personal property, ser vices, lease, option to purchase or any other valuable right or thing for the use and purpose of the corporation, and ] in exchange thereof, shall thereupon and thereby become and be full paid, the same as though paid for in cash at par, and shall be non -assessable for ever, and the judgment of the direc- tors as to the value of the property right or thing acquired, in exchange for capital stock, shall be conclusive.
 ARTICLE ".
 l The commencement of the corpora tion shall be the date of the filing of | these articles with the Arizona Cor poration Commission, and it shall en- dure for the full term of twenty five years thereafter, with privilege of per- petual succession as provided by statute.
 ARTICLE V.
 The affairs of this corporation shall be conducted by a Board of Directors, consisting of not less than three nor more than nine persons, who shall be elected annually by the stockholders, second Monday in July of each year; and the officers thereof shall consist of a President Vice President, Secre- tary and Treasurer, to be elected by the Board of Directors, and such other of- ficers as may be created in the By Laws, or designated by the Board of Directors.
 The corporators may take subscrip- tions to stock of the corporation and
 call meeting of the stockholders as soon as this corporation is organized , or may meet themselves as stockholders and elect directors, which directors may elect the officers above provided, an6 adopt bylaws, and do any and al matters necessary to carry on the | hrlc cin inc of the stockholders in accordance witt the laws of the State of Arizona. ARTICLE VI.
 The highest amount of indebtedness: :, or liability, direct or contingent, tt which this corporation can at any time subject itself, must not exceed the sun ,, of two-thirds of its fixed capital stock : viz, Twelve Hundred Thousand Dol :, lars ($1,20O,00O.O0
 ]. ARTICLE VII.
 ,. The private property of the stock 5 holders of this corporation shall be ant is hereby made forever exempt from al
 liability from corporate debts. e ARTICLE VIII.
 This corporation does hereby appoin 7, Thomas o. Branch, of Kelvin, Arizona = who has been iona fide resident o y Arizona for at least three years, it T lawful agent in and for the State o $ Arizona for and in behalf of said com | pany, to accept and acknowledge ser
 vice of and upon whom may be serve e necessary papers or processes in ac . tion, suit or proceeding that may b brought or had against the said com > panv in any of the courts of the sai s State of Arizona, such service of pro = cess or notice, or the acceptance there 't' of by said agent endorsed thereon, t y have the same effect as if served upo y the President and Secretary of sai IT company.
 IN WITNESS WHEREOF, We hay
 hereunto set our hands and seals thi
 Sth day of February, in the year of ou
 Lord One Thousand Nine Hundred an