Arizona republican., 1920-02-28
Legal Advertising
lRTICLE NI

 ARTICLE VI
 The time of the commencement of this corporation shall be the date of 1 the filing of these articles for record in i the office of the Corporation Commis- sion of Arizona, ana a certified copy thereof in the office of the County Recorder of Maricopa County, Arizona. and the issuance Of q certificate of i'm corporation by the Corporation Com mission of Arizona, and it shall endure for 9 years, but may be renewal 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 consisting of not less than three (3) nor more than five CD 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 E. Heard, George F.. Lilley and Maie E. 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 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 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. to which this corporation is at any time to subject itself. shall be sum equal to two-thirds (2-3) of the amount of the authorized capital stock of the cor poration.
 ARTICLE TX.
 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 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 thereof, when authorized so to do by 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 q 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 30th day of Decem- Der, 1919.
 DWIGHT B. HEARD,
 GEO. F.. LILLEY.
 NJ. B. HEARD. STATE OF ARIZONA, COUNTY OF MARICOPA-SS;
 The foregoing instrument was ac, knowledged before me this 30th day of December. 1919. by Dwight B. Heard Geo E. Lilley and M. E. Heard.
 BIRDIE R. FOWLER.
 Notary Public. My commission expires February ,, 1928
 Filed in the office of the Arizona Corporation Commission this 31st day of December A. D. 1919, at 10 a. m. at request of Geo. F.. LilIey, whose post office address is Phoenix, Ariz. ARIZONA CORPORATION COM
 MISSION.
 By Amos A. Betts,
 Chairman.