Arizona republican., 1920-02-22

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 HI.-The capital stock of the corporation shall be TEN MILL LIONS OF DOLLARS ($10, 900, ,000. .00), divided into ONE HUNDRED THOUSAND SHARES of the par val ue of ONE HUNDRED DOLLARS ($100.00) each. which shall be paid for at such times and in such manner as the Board of Directors may designate. Ali CT any portion of the capital stock may be issued for real or personal property, services, or any other right or thing of value, for the uses and purposes of the corporation. and when so issued shall become and be full paid, the same as 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 stock 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 y.--Thc affairs of the corporation shall be conducted by a Board of Directors and such officers the said Directors may elect or ap- 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 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 NI.-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 VII.-The highest amount of indebtedness liability to which the corporation is at any time to sub ject itself is SEVEN MILLIONS OF DOLLARS ($7,O00, 100000.
 ARTICLE VIII.-The private prop erty of the stockholdes of the cor poration shall be forever exempt from it's debts and obligations
 ARTICLE IX.-A. Guy Alsap hav- ing been bona fide resident of Phoe- nix, Arizona, for the last three years, is hereby appointed and made the lawful 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 or 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 ent dorsed thereon, to have the same force and effect as if served on the president and secretary. of the com pany. This appointment may be voked at any time by the filing the appointment of another agent.
 IN WITNESS WHEREOF. we here to affix our signatures this 8th day of October, 1919.
 ALVIN V. SHARPE,
 SID POST.
 STATE OF TEXAS,
 COUNTY OF TARRANT ss.
 Before me, Amy Perdue, a Notary Public in and for the county and 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