Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1919-10-10

quire, and dispose of and deal in real
and personal property.
To generally do everything proper
and necessary for the conduct of the
business herein above mentioned.
ARTICLE ".
The amount of capital stock of the
corporation shall be ONE HUNDRED
THOUSAND (s10O0000O) DOLLARS,
Divided into one thousand 10000
shares of the par value of ONE HUN
DRIED ($10O.OO) DOLLARS each.
The capital stock shall be common
stock and the terms upon which such
stock is created are that it shall be
issued to the full par value thereof,
and said stock shall be issued as fully
paid and non assessable, and the capt.
tai stock of this corporation, after its
full par value has been paid, shall
not be subject to assessment to pay
the debts of the corporation.
Said capital stock may be paid for
in cash or service, or by the sale and
transfer of real or personal property
for the use and purpose of said cor
poration. In the absence of actual
fraud in the sale of any such property
the judgement of the directors as to
value of such property shall be deemed
final and conclusive.
ARTICLE V.
The time of the commencement Of
this corporation shall be at the date
Of the filing of these Articles of In
corporation in the office of the Arizona
Corporation Commission at Phoenix,
Arizona, and the said corporation shall
endure for twenty-five (25) years
thereafter unless sooner terminated.
article VI.
The affairs of the corporation shall
be conducted by board of directors,
consisting of five 60 persons, and may
be increased to seven CD in number
by majority vote of the stockholders,
at any regular meeting, all of whom
shall be stockholders of this corpora
ton, and who shall be elected annually
at the regular meeting of the stock
holders of this corporation, in accord
ance with the provisions of the by
laws. Lyle S. Adams, Ray Ferguson
| Hosea Greenhaw, Charles A. Bankerd
and &C. Chapman, shall be and consti-
tute the board of directors of this cor
poration, and shall hold office as such
until successors are duly elected and
qualified. The powers of the board OF
| directors of this corporation, and of al
| officers, shall be defined by the by
laws to be adopted by this corpor-
alton.
ARTICLE VII.
| The officers of this corporation shall
| be a President, a Vice President, a
| Secretary, Treasurer and General Man
ager. Said officers shall be elected
annually by the board of directors il
accordance with the provisions of the
| bylaws. The following persons shall
| be the officers of this corporation unit
| their successors are elected and quail
! fled:
| President: Hosea Greenhaw.
! Vice-P President: Ray Ferguson.
Secretary Treasurer: Charles A
Bankerd.
General Manager: Lytle S. Adams
ARTICLE VIII
The highest amount of indebtedness:
or liability, direct or contigent, tt
which this corporation is at any tint
subject, shall not exceed two third!
| (2-3) of its capital stock
ARTICLE TX.
The private property of the stock
holders Of this corporation shall be for
ever exempt from corporation debts o
any kind whatsoever.
i IN WITNESS WHEREOF, we hav
hereunto set our hands and seals a
4 Nogales, Santa Cruz County, State o
Arizona, this 18th day of September
4 1919
LYTLE S. ADAMS (SEAL
RAY FERGUSON (SEAL
CHAS. A. BANKERD (SEAL
STATE OF ARIZONA,
SIS.
: COUNTY OF SANTA CRUZ.
Before me S. F. Noon, a Notar
, Public in and for the County of SAINT
= Cruz, State of Arizona, on this da