The Winslow mail., 1921-01-21

ties approved by the Board of Direc-
tors, at not less than par value. The
remaining Two Hundred Fifty shares
shall remain as treasury stock and be |
issued only by the consent of two
thirds of the stockholders of record
and when so issued shall be paid for
in cash at not les than one hundred
ten dollars per share, and when so is
sued the stock of the corporation shall
be fully paid and non -assessable.
ARTICLE VI.
The management and control of the
business and property of this corpora
lion shall be vested in a Board of Di-
rectors consisting of not less than
three nor more than seven members
who shall be elected from the stock
holders of record at the annual meet
ing which shall be held on the first
Saturday of January each year and
said directors shall hold office until
their successors are elected and quail.
fly: any vacancy that may occur in the
Board of Directors shall be filed by
the remaining members of said Board
from the stockholders of record, said
Board of Directors shall have power
to enact bylaws and make any and
all rules necessary for the conduct
and management of the affairs of the
corporation not inconsistent with the
law or these Articles of Incorporation.
ARTICLE VII
TIL names and residence of the per
sons who have been selected as Off
GERS and Board of Directors to manage
the business and affairs Of the Cor
poration until the first annual stock
holders meeting are as follows:
J. H. FULLER, President and Direc.
tor, San Diego, CAL; o. B. SUTTON,
Vice-President and Director, Phoenix
Ariz.; R. C. KAUFFAN, Cashier and
Director, Winslow, Ariz.; J. B. HERN-
DON, Director, Albuquerque, N. M;
J. L. SWEENEY, Director, Winslow,
Ariz.; J. H. GIBSON, Director, Win
slow, Ariz.
ARTICLE VIII.
The greatest amount of Indebtedness
to which the corporation may subject
itself shall not exceed an amount
equal to two thirds of the capital
stock actually issued and paid in.
ARTICLE TX.
The private property of the stock
holders of this corporation shall not
be subject to the payment of the cor
porate debts in any amount or to any
extent whatever.
ARTICLE x.
These articles may be changed, al
tered or amended at any authorized
meeting of the stockholders by vote
of the stockholders representing a
majority of the stock.
ARTICLE XI.
The name and place of residence
of the Statutory Agent of this cor
poration shall be R. G. Kaufman, VIM
slow, Navajo County. State of Arizona,
who has been bona fide resident of
said state for more than three years,
and who, for and in behalf Of said
corporation, shall accept and ac-
knowledge service of and upon whom
may be served all necessary processes
In any action, suit or proceedings that
may be had or brought against the
corporation in any of the courts of
the State of Arizona, such service or
processes or notice Of the acceptance
thereof by said agent endorsed there
on to have the same force and effect
as If served upon the President or
Secretary of said Corporation.
IN WITNESS WHEREOF we have
hereunto set our hands and seals this
18th day of November, 1920.
J. H.. FULLER, (SEAL)
o. B. SUTTON, (SEAL)
]. H. GIBSON, (SEAL)
R. c. KAUFMAN, (SEAL)
J. B. HERNDON, (SEAL)
j. L. SWEENEY, (SEAL)
State of Arizona,