Arizona republican., 1919-04-05
Legal Advertising

to lease, rent sell, dispose of, and mortgage the same, and to engage ill any and every, business which may by the board of directors be deemed necessary, or which may be expedlent or incidental to the carrying out of the objects and purposes of this cor poration; to borrow money and other wise to incur indebtedness, and to Is sue its promissory notes, bonds, ln- dentures and mortgages whenever the same may be deemed necessary by the board of directors in carrying out the business for which this corporation is formed; to buy. own, acquire. sell and otherwise deal in its own stock or the stock of any other corporation, and. as the owner thereof, to vote the stock of any other corporation the same as an individual owner and hold CT thereof;
 ARTICLE III.
 The amount of the capital stock Of this corporation is One Hundred Thousand Doulars, (s1O0,000.0O, di- vided into One Thousand Q,000) shares of the par value of One Hundred Dol lars (S100.00) each; which said stock shall be issued fully paid and non assessable, and upon such terms and conditions as the board of directors may determine and prescribe. and the whole or any part thereof may be is sued and exchanged for cash, property, contracts, services or other benefits accruing to this corporation, as in the judgment of the board of directors may be determined to be for the best interest of the corporation, and, in the absence of actual fraud in the transaction, the judgment of the board of directors as to the value of any l such property, either real or personal. l contracts. services or benefits, shall ! be conclusive and shall bind all par 1 ties in interest
 ARTICLE ". 1 The time of the commencement Of l this corporation shall be the date of l the issuance of a certificate of incor- | poration to it by the Arizona Cor poration Commission, and the time of 1 the termination thereof shall be twenty-five years thereafter; provided | that this corporation may enjoy per | petual succession as now prescribed | by law;
 ARTICLE V. | The business and affairs of this cor ! poration shall be conducted by board | of directors of not less than three nor more than five persons, each of whom shall be a stockholder of the corpora | ton; and the first board of directors shall consist of four members, each of whom, as aforesaid, shall be a stock 1 holder; the board of directors shall have the power to increase or decrease their number within the limits above provided and until their successors are elected and qualified. the follow | ing named persons shall constitute the board of directors and shall hold the respective offices set after their names:
 R. N. Fredericks. .... President
 Morris Goidwater ... .Nice-PreSiden- B. M. Goldwater Secretary Treasurer
 E. J. Bennitt, Director
 thereafter, the board of directors shall
 be elected at the regular annual meet
 ing of the stockholders, which shall
 be held at Phoenix, Maricopa county,
 Arizona, on the second Monday in
 April of each year, commencing with
 the year 1919; the subsequent officers
 of this corporation shall be elected
 by the board of directors from among
 the members of the board, and shall
 hold office for one year, or until theif
 successors are elected and qualified;
 the officers shall be a president, vice
 president, secretary and treasurer
 (which said last two mentioned offices
 may be held by one person., together with such additional officers as the board Of directors may deem neces- sary;
 ARTICLE VI. l The highest amount of indebted 7 ness or liability, direct or contingent. ) to which this corporation shall at any 5 time subject itself is the sum of Sixty f five Thousand Dollars ($65, 100000; f ARTTCI E VII
 The private property of the stock < holders, officers and directors of this
 corporation is and shall be exempt
 from corporate debts or liabilities.
 IN WITNESS WHEREOF we have
 hereunto set our hands, on this 18th
 day of January, 1919.
 R. N. FREDERICKS.
 MORRIS GOLDWATER,
 B. NJ. GOHDWATER, 2 E. J. BENNETT = State of Arizona, S County of Yayapai, = On this 18th day of January. 1919. before me, the undersigned Notary = Fredericks and Morris Goldwater. If known to me to be the persons s described in, and who executed the y foregoing instrument, and acknowl- e edged to me that they executed the
 same for the purposes and considera-
 tion therein expressed. s N. E. DARROW, s (Notarial SeaD Notary Public. e My commission expires. April so, l, 1921.
 T State of Arizona, e ) ss.
 t County of Maricopa,
 l. On this 22nd day of January. 1913,
 before me, the undersigned, Notary
 Public, personally appeared B. M IS Goldwater and E. J. Bennitt, known to = me to be the persons described in, . and who executed the foregoing in Il strument, and acknowledged to me l. that they executed the same for the e purposes and consideration therein n expressed.
 2, FRANK MOSSHAMMER. !, (Nofarial SeaD Notary Public My commission expires: Jan. IS. Il 1920.
 VI Filed in the office of the Arizona d Corporation Commission this 27th day le of March, A. D. 1919, at 10:0o a. m. at s, request of B. M. Goldwater. whose n post office address is Phoenix, Arizona. t, ARIZONA CORPORATION of COMMISSION. al By AMOS A. BETTS. l. Chairman