Arizona republican., 1920-02-03
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soever, nor, shall they be entitled to receive any notice of stockholders meeting; but should there be a default in the payment of the dividend on the Preferred stock amounting to twenty four per cent (249o), then and so long as such dividend or any part thereof remains unpaid the holders of the Preferred stock in respect to which such dividend or any part thereof re- mains unpaid shall be vested with the exclusive voting power, and the voting power of the holders of the Common stock shall automatically cease and shall not again be restored until the amount so due the preferred stockhold- CTS has been completely paid. Upon such dividend or unpaid part thereof being paid in full to the holders of the Preferred stock, the voting power upon said Preferred stock shall again cease.
 ARTICLE VI
 The commencement of the Corpora ton shall be the date of the issuance to it of a Certificate of Incorporation by the Arizona Corporation Commits sion, and it shall endure for the full after, with privilege of perpetual suc- cession provided by statute.
 ARTICLE VII
 The affairs of the Corporation shall be conducted by a Board of Directors and such officers as the said Directors
 
 directors shall be designated by the bylaws, and such directors shall be elected from among the stockholders at their annual meeting to be held on the second Tuesday in January 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 the officers and directors: Of flcers: President, Thomas c. Mickey holds; Vice President. Henry ". Chambers; Secretary and Treasurer, Theodore c. McKesson. Directors: Thomas c. McReynolds. Henry w. Chambers. Theodore G. McKesson, Thomas c. McReynolds, Jr.
 ARTICLE VIII
 The Directors shall be empowered to adopt, amend and rescind bylaws and to fill vacancies occurring in the Board from any cause, and to elect or appoint such committee or committees as they may deem necessary, with such power as they may confer.
 ARTICLE TX
 The highest amount of indebtedness or liability to which the Corporation may at any one time subject itself is Three Hundred and Thirty-three Thousand Dollars (s333, ,6oO.0o).
 ARTICLE X
 The private property of the stock holders of the Corporation shall be for ever exempt from it's debts or obliga- tions.
 ARTICLE XI
 This Corporation does hereby ap- point Thomas c. McReynoIds, of Phoe- nix, Arizona who has been a bona fide resident of Arizona for at least three years, it's lawful agent in and for the State of Arizona for and in behalf of said Company. to accept and aeknowi- edge service of, and upon whom may be served all necessary process or processes in any action, suit or pro- ceeding that may be had or brought against the said Company in any of the Courts of said State of Arizona, such service of process or notice, or the ac- eeptance thereof by said agent eH- dofsed thereon, to have the same force and effect as if served upon the Presi- dent and Secretary of said Company. In Witness Whereof, We hereto af- fix our signatures and seals this 2nd day of January A. D. 1920. (SeaD
 THOMAS C. McREYNOLDS,
 EDGAR l.. JEFFERSON,
 HENRY W. CHAMBERS
 THEODORE G, AGGRESSION.
 THOMAS McREYNoLDS, JR. State of Arizona
 County of Marieopa )
 This instrument was acknowledged before me this Ed day of January, 1920, by Thomas c. McReynolds, Theodore O.. McKesson, Henry W. Chambers, Edgar l.. Apperson and Thomas c. Mickey holds, Jr.
 ALMA S. NELSON.
 Notary Public. My commission expires May 1, 1922.