Arizona republican., 1921-01-07

mercantile and manufacturing buS1- ness; to own shares of its own capital stock and that of other corporations: and to vote shares of stock of other corporations owned by it, the same as a natural person might do; to borrow money and to issue bonds, notes, de- bentures and other evidences of in- debtedness, and secure the payment Of same by mortgage, deed of trust or otherwise; to act as agent, trustee, broker, or in any other fiduciary ca pacity; and in general to do and per form such acts and things and trans act such business in connection with the foregoing objects, not inconsistent with law, in any part of the world. as the Board of Directors may deem to the advantage of the corporation.
 Article 5. The capital stock of the corporation shall be two hundred thousand dollars (s2O0 000.00) divided into two hundred thousand shares Of the par value of one dollar (s1.0o) each: which shall be paid in at such times as the Board of Directors may designate, in cash, real or personal property, services, lease, option to purchase or any other valuable right or thing, for the uses and purposes Of the corporation; and all shares of cap- ital stock when issued in exchange therefor, shall thereupon and thereby become and be fdlly paid the same as paid for in cash at par, and shall be non -assessable forever. and the judg- ment of the Directors Gin the absence of fraud) as to the value of any prop erty. right or thing acquired in etx- change for capital stock shall be con- elusive.
 Article G. The commencement of the corporation shall be the date of the issuance to it of certificate of in- corporation by the Arizona Corpora tion Commission, and it shall endure for the full term of twenty-five years thereafter. with privilege of perpetual succession as provided by the statute. Article 2. The affairs of the cor poration shall be conducted by board of Directors and such officers as the l directors may elect or appoint. The number of directors shall be desig- mated by the bylaws and shall be
 elected from among the stockholders at their annual meeting to be held the first Monday in December of each
 year, until the first annual meeting of the stockholders and until their suc- l cessors have been elected and quail
 fled, the following named persons shall be the officers and directors: Paul B. 1 Greene, A. K Johnson. W. c. Hackett, M. D..
 Article 8. The directors shall have l power to adopt, amend and rescind | bylaws, to fill vacancies occurring in the board from any cause. and to ap l point from their sown number an ex-
 ecutive committee and vest said com
 mittee with all the powers granted by
 the directors by these articles.
 Article g. The highest amount of
 indebtedness or liability to which the
 corporation may at any one time sub
 ject itself is $132,000.00
 Article 10. The private property of
 the stockholders of the corporation
 shall be forever exempt from its debts
 or obligations.
 Article 10. The private property of the stockholders of the corporation shall be forever exempt from its debts
 or obligations.
 Article Il. The corporation does f hereby appoint A. K. Johnson of Phoe- a nix, Arizona. who has been a bona fide , resident of Arizona for more than 7 three years, its lawful agent. in and for the state of Arizona for and in be-
 half of said company. to accept and : acknowledge service of. and upon f whom may be served. all necessary process or processes in any action
 suit or proceeding that may be had ,, or may be brought against said com pany in any of the courts of said state } of Arizona. Such service of proces: or notice, or the acceptance thereof
 by said agent endorsed thereon. t : have the same force and effect as i ,, served upon the president and secre 2 tary of said corporation.
 IN WITNESS WHEREOF. we here : to -affix our signatures this 23d da, ' of December A. D. 1920.
 PAUL E. GREENE, A. K. JOHNSON. 9 w q HACKETT M n. }. State of Arizona
 q County of Maricopa )ss.
 Il Before me, II. D. Groom. Notar, 3. Public in and for the state aforesaid r. on this day personally appeared Pau f l.. Greene. A. K. Johnson and w ( = Haclett, RI. D., known to me to b
 the persons whose names are sub Il scribed to the foregoing instrument [. and acknowledged to me that they ex 2. ecuted the same for the purpose anl II consideration therein expressed. !. Given under my hand and seal o . office this 23d day of December A. D '4 1920. H. E. GROOM, If lSeaD Notary Public.
 My commission expires May 16, 1923
 Filed in the office of the Arizoni
 Corporation Commission this 23d da, If of December A. D. 1920 at D. m, 8
 request of A. K Johnson, whose post If office address is Phoenix, Arizona. = ARIZONA CORPORATION COMMIS
 SION
 f, By AMOS A. BETTS, Chairman