Mohave County miner and our mineral wealth., 1921-10-28
title guarantee business.
 ARTICLE V.


 ARTICLE V.
 The capital stock of this company shall consist of Five Hundred Thou sand Dollars ($500,OO0.0O) divided into Five Thousand (5,O00) shares of the par value of One Hundred Dollars ($100.00) each, and shall be issued full paid and non-assessable as the Board of Directors shall determine, for, cash, property, services, or other valuable thing or right, and the judgment of the Board of Directors as to the value thereof shall be conclusive.
 ARTICLE VI. .
 The corporation shall commence business with the filing of these Ar ,, ticles of Incorporation with the ARI- IONA CORPORATION COMMIS- SION, and shall terminate twenty five (25) years thereafter, with the privilege of renewal as provided by law. .. ARTICLE VII.
 In furtherance, and, not in limita- tion, of the powers conferred by stat ute the affairs of the corporation shall be conducted by Board of Directors, consisting of not less than three (3) nor more than nine (9) members, each of whom shall be a stockholder of rec ord, who shall serve for one year from the date of election, or until their suc- cessors are elected and have qualified. The directors shall be elected annu- ally by the stockholders, on the second Tuesday in January of each year, commencing with the year One Thou sand Nine Hundred and Twenty-Two (1922). The first Board of Directors shall be selected by the incorporators, a soon as convenient after the filing of these Articles of Incorporation with the ARIZONA CORPORATION CON- MISSION, and shall hold office until the first annual meeting of, the stock holders, or until their successors are elected and qualified, and such board shall be composed of not less than three (3)~ nor more than nine, (9) members, as the incorporators shall determine. s: !, The stockholders, at each annual meeting thereof shall by resolution fix the number of directors at not less than three (3) nor more than nine (9) l members, to serve for the ensuing | year, and shall elect the number of di- rectors so fixed in said resolution.
 The officers 2 of this corporation shall be President, Vice-President, Secretary and Treasurer, to be elected by the Board of Directors. The Sec retary and Treasurer may, be one per son, and need not be a stockholder. .. ." ARTICLE VIII.
 The directors shall adopt Bylaws for the government of this corpora tion, with full power to amend the same; they are vested with power to fill vacancies occurring in the Board of Directors from any cause, and to appoint from their own number an committee, which, to the ex- tent provided for by the Board of Di- rectors, either by resolution or By Laws, shall have and exercise full power of the Board of Directors.
 ' ARTICLE TX. 'y-.,
 The corporation indebtedness shall at no time exceed two-thirds (2-3) of the amount of it's capital stock; PRO- HOWEVER, that the making of loans and the re-discounting of said loans, or the pledging, hypothe- ,ating, or securing of said sum bor- 'owed by the direct, or indirect, obli- yation of this corporation shall not De construed to, be the creation of : lebts within the meaning of this ar ;icle. ...." ..a
 ARTICLE X. The private property of the stock holders and officers of this corpora ion shall be and is hereby made for ,ver exempt from the debts of the : '.... IN WITNESS WHEREOF, we have !: lereunto set our hands this 24th day # October, A. D., 1921. . J. H. ROSENBERG, H. H. WATKINS. STATE OF ARIZONA, : '" : County of Mohave-ss. Before me, CARL G. KROOK, a Notary Public in and for said Mo lave County, State of Arizona, cap 'eared J. H. ROSENBERG and H. H. personally known to me : o be the persons whose names are