Arizona republican., 1920-02-21
Legal Advertising

notes. debentureS. and other evidences
of Indebtedness and secure the pay
ment of the same by mortgage, deed
of trust otherwise; or. to act as
agent, trustee, broker, or in any other
fiduciary capacity and to borrow and
loan money: and in general to do and
perform such acts and things and
transact such business in connection
with the foregoing objects. not incon-
sistent with law in any part of the
world, as the Board of Directors may
deem to the advantage of the cor
poration-
ARTICLE III-The capital stock of
the corporal ton shall be TEN MIL
LIONS OF DOLLARS $4,000. 000.00),
divided into ONE HUNDRED
THOUSAND SHARES of the par val
ne of ONE HUNDRED DOLLARS
(s100.00) each, which shall be paid for
at such times and in such manner as
the Board of Directors may designate.
All or any portion of the capital stock
may be issued for real or personal
property, services, or any other right
thing of value, for the uses and
purposes of the corporation. and when
so issued shall become and be full
paid, the same though paid for in
cash at par; and the directors shall be
the sole judges of the value of any
property right or thing acquired in
exchange for capital sock. No shares
of capital stock shall be issued until
fully paid for and thereafter shall be
non aSseSSable.
ARTICLE IV.-The commencement
of the corporation shall be the day
these Articles are filed in accordance
with law, and the termination thereof
shall be twenty-five Years thereafter.
with the privilege of renewal as pro-
vided by statute.
ARTICLE V.--The affairs of the
corporation shall be conducted by a
Board of Directors and such officers
as the said Directors may elect or APP
point. The number of directors shall
be designated by the stockholders and
shall be elected from among the stock
holders at their annual meeting to be
held on the first Monday in October
of each year. Until the first annual
meeting of the stockholders and until
their successors have been elected
and have qualified. the following
named persons shall be directors:
Alvin V. Sharpe and Sid Post.
ARTICLE VI.-The directors shall
have power to adopt, amend and
rescind Bylaws, to fill! vacancies, Oc-
curing in the board from any cause,
and appoint from their own number an
executive committee and to vest said
committee with all the powers granted
the directors by these Articles.
ARTICLE NII.--The highest amount
of Indebtedness or liability 10 which
tne corporation is at any time 20 sub
ject itself is SEVEN MILLIONS OF
DOLLARS $4,000, 900 00t.
ARTICLE NIII--Tne private prop
erty of the Stockholders of the cor
poration shall be forever exempt from
its debts and obligations.
ARTICLE IX.-A Guy Alsap hav-
ing been a bona fide resident of Phoe-
nix, Arizona, for the last three years.
is hereby appointed and made the
, la wful agent for and in behalf of this
corporation in and for the state of
Arizona to accept and acknowledge
service of, and upon whom may be
served, all necessary process or pro-
cesses in any action. suit or proceed
ing that may be had brought
against the said corporation in any
of the courts of said state of Arizona;
such service of process or notice, or
the acceptance thereof by him en-
dorsed thereon, to have the same
force and effect if served on the
president and secretary of the COM
pany. This appointment may be re-
voked at any time by the filing the
appointment of another agent.
IN WITNESS WHEREOF. we here
to affix our signatures this Sth day of
October, 1919.
ALVIN V. SHARPE,
SID POST.
STATE OF TEXAS.
COUNTY OF TARRANT S.
Before me, Amy Perdue, Notary
Public in and for the county and
state aforesaid, on this day personally
appeared Alvin V. Sharpe Sid Post.
known to me to be the persons who
signed the foregoing instrument, and .
acknowledged to me that they ex-
ecuted the, same for the purposes and
considerations therein expressed.
Given under my hand and seal of
office this Sth day of October, 1919.
lSeaD AMY PERDUE.
Notary Public.
My commission expires on 21st
June. 1921.