Arizona republican., 1919-04-06
Legal Advertising

To lease, rent, sell, dispose or, ana mortgage the same, and to engage ID 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 operation; to borrow money and other wise to incur indebtedness, and to is sue it's promissory notes, bonds, in- 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, land, 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, (S100,000.00), 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 1 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 ! such property, either real or personal, contracts, services or benefits, shall be conclusive and shall bind all par | ties in interest.
 ARTICLE ".
 The time of the commencement Of this corpofation shall be the date of the issuance of a certificate of incor
 poration to it by the Arizona Cor
 poration Commission, and the time of 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 a board | of directors of not less than three nor
 more than five persons, each of whom snail pc a SIOchiOlueI Oi lte COl pOId- tion; and the first board of directors shall consist of four members, each of whom, as aforesaid, shall be d stock 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:
 g R. N. Fredericks. ....... President - Morris Goldwater Vice President l. 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 ore year, or until their
 successors are elected and qualified; i;
 the officers shall be 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- - 't sary;
 ~ ARTICLE VI a The highest amount of indebted . " ness or liability, direct or contingent, n to which this corporation shall at any s time subject itself is the sum of Sixty if five Thousand Dollars s65,000.0O); If ARTICLE VII.
 The private property of the stock N 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 1Stf
 day of January, 1919.
 R. N. FREDERICKS,
 MORRIS GOLDWATER,
 B. M. GOLDWATER, E E. J. BENNETT. l. State of Arizona, ) es County of Yayapaf, l. On this 18th day of January. 1919 i- before me, the undersigned Notar, re Public personally appeared R. \ r. Fredericks and Morris Goldwatei of known to me to be the person vs described in, and who executed tn 0y foregoing instrument. and acknovi he edged to me that they executed tn
 same for the purposes and considera
 tion therein expressed is M. E. DARROW, ts (Notarial Seal) Notary Public. be My commission expires. April 30 "a, 1921
 CT State of Arizona, he ss. H. County of Maricopa, ) S. On this 22nd day of January. 19is
 before me, the undersigned, Notar
 Public, personally appeared B. NJ ss Goldwater and E. J. Bennitt, known | r. me to be the persons described ir a. and who executed the foregoing in al strument, and acknowledged to m n- that they executed the same for, th ce purposes and consideration therei on expressed.
 te, FRANK MOSSHAMMER. Id, (Notarlal SeaD Notary Publit of. My commission expires: Jan. l; gal 1920.
 ny Filed in the office of the Arizon nd Corporation Commission this 27th da he of March, A. D. 1919. at 10:0O a. n.. 2 ys, request of B. M. Goldwater, who's on post office address is Phoenix, Arizon, ct ARIZONA CORPORATIO. of COMMISSION cal By AMOS A. BETS. 5