Arizona republican., 1920-03-01
Legal Advertising

The time of the commencement oi this corporation shall be the date oi the filing of these articles for record ir | the office of the Corporation Commis- sion of Arizona, ana a certified copy | thereof in the office of the County l Recorder of Maricopa County, Arizona and the issuance of a certificate of in . corporation by the Corporation Com mission of Arizona, and it shall endure | for 25 years, but may be renewed from time to time for periods not ex- ceeding 25 years.
 ARTICLE VII. The affairs of this corporation shall be conducted by a Board of Directors nor more than five (5) stockholders. who shall be elected by the stockhold- CTS annually. Until their successors shall be elected and qualified the fol- lowing named persons shall constitute the Board of Directors of this corpo- ration, to-wit: Dwight s. Heard, George F. Lilley and Maie B. Heard. who shall hold their offices until the next annual meeting of the stockhold- CTS, or until their successors are elected and qualified.
 The officers of this corporation shall be a President, Vice President, Secre- tary and Treasurer, the office of Sec retary and Treasurer, or President and Treasurer, however, may be held by one and the same person. The of ficers shall be elected by the Board of Directors at their first meeting suc- ceeding the annual meeting of the shareholders, and they, and the Di- rectors shall hold their offices for one year, or until their successors are elected and qualified
 The officers of this corporation, un- til their successors are duly elected and qualified, shall be:
 Dwight B. Heard. President.
 Geo. E. Lilley. Vice President.
 M. B. Heard, Secretary.
 Persons ceasing to be stockholders shall thereupon cease to be directors of the corporation, and only sharehold- CTS shall be eligible to hold office as President, Vice President, Secretary and Treasurer of the corporation.
 ARTICLE VIII.
 The highest amount of indebtedness or liability, direct or contingent, to which this corporation is at any time to subject itself. shall be a sum equal to two thirds (2-3) of the amount of the authorized capital stock of the cor poration.
 ARTICLE K
 The annual meeting of the stock holders of this corporation shall be held at the office of the Company on the second Tuesday of February in each year at 10 o'clock in the fore noon.
 ARTICLE x.
 The stockholders of this corporation shall adopt bylaws for the govern ment of the corporation and may amend the same from time to time by a majority vote.
 ARTICLE XI.
 The private property of the stock exempt from all corporate debts and liabilities of the corporation.
 ARTICLE XII.
 The corporation shall have the right and power to sell and dispose of all of it's assets or the major part the vote of two thirds (2-3) of the then outstanding stock of the corpora ton, and such authority may be given either by an affirmative vote at a regular or a special meeting of the stockholders called for that purpose. I or by the written consent of the own CTS of two thirds (2-3) of the then out stock filed with the Secretary. IN WITNESS WHEREOF the incor- porators aforesaid have hereunto set l their hands this 30th day of Decem- ber, 1919.
 DWIGHT B. HEARD,
 GEO. E. LILLEY,
 Nj. B. HEARD.
 STATE OF ARIZONA, COUNTY OF MARICOPA-SS: The foregoing instrument was ac- | knowledged before me this 3oth day of | December. 1919, by Dwight B. Heard. l Geo. E. Lilley and M B. Heard
 BIRDIE R. FOWLER.
 Notary Public. My commission expires February 5. 1923. | Filed in the office of the Arizona 1 Corporation Commission this 31st day ,f December A. D. 1919. at 10 a. m 1t request of Geo. F. Lilley, whose post office address is Phoenix, Ariz. ARIZONA CORPORATIONS COM
 MISSION.
 By Amos A. Betts,
 Chairman.