Arizona republican., 1920-02-29
Legal Advertising
ARTICLE VT.

The time of the commencement Of | this corporation shall be the date or 1 the filing of these articles for record Tn 1 the office of the Corporation Commis- sion of Arizona, ana a certified copy thereof in the office of the County Recorder of MaricoDa 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 eN- ceeding 25 years. ARTICLE VII
 The affairs of this corporation shall. be conducted by a Board of Directors ! consisting of not less than three 1S}- 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 'corp0- ration, to-wit: Dwight B. Heard, George E. 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 See 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 sue 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. tc which this corporation is at any time to subject itself. shall be a sum equal to two-thirds (2-3) Of the amount Of poration.
 ARTICLE K
 The annual meeting of the stock holders of this corporation shall be the second Tuesday of February Ill each year at 10 o'clock in the fore noon.
 ARTICLE K
 The stockholders of this corporation shall adopt bylaws for the govern
  amend the same from time to time by a majority vote.
 ARTICLE XI-
 The private property of the stock holders of this corporation shall be 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 its assets or the major part fbaraof when authorized To the vote of two-thirdS (2-3) of the then outstanding stock of the corpora ton. and suclf authority may be given either by an affirmative vote at a regular or a special meeting of the stockholders called for that purpose or by the written consent of the oWn- CTS of two thirds (2-3) of the then out standing stock filed with the Secretary IN WITNESS WHEREOF the incor-~ porators aforesaid have hereunto set their hands this S0th day of Decem~ Der, 1919
 DWIGHT E. HEARD,
 GEO. F. LILLEY.
 NJ. B. HEARD STATE OF ARIZONA. COUNTY OF MARICOPA-SS The foregoing instrument was ac knowledged before me this 50th day Of December. 1919, by Dwight B. Heard. Geo. F. Lilley and M- B. Heard
 BIRDIE R. FOWLER
 Notary Public. My commission expires February 5. 1928
 Filed in the office of the Arizonas Corporation Commission this 31st day of December A. D. 1919. at 10 a. m- at request of Geo. F. Lilley, whose post office address is Phoenix. Ariz. CORPORATION COM
 MISSION.
 By Amos A. Betts,
 Chairman.