Arizona state miner., 1922-06-03

to issue bonds, notes, debentures and
other evidences Of indebtedness and to
secure the payment of the same by
mortgage deed of trust or otherwise
to act as agent, trustee, broker, or in
any other fiduciary capacity; to borrow
and loan money, and in general to do
and perform such acts and things and
transact such business, not inconsistent
with law In any part of the world as
the Board of Directors may deem to
the advantage of this Corporation.
ARTICLE w
The authorized amount Of capital stock
of this Corporation shall be 81, 900, 900. 90
divided into 1000, 900 shares of the par
value of $1.00 each.
At such times as the Board of Direc-
tors may by resolution direct, said cap
ital stock shall be paid into this Corpor-
alton, either in cash or by the sale and
transfer to it of real or personal prop
erty, contracts, services, or any other
valuable right or thing for the use and
purposes of said Corporation, in pay
ment for which, shares of the capital
stock of said Corporation may be is
sued, and the capital stock so issued
shall thereupon and thereby become
and be fully paid up and non assessable
forever, and in the absence of actual
fraud in the transaction the judgement
of the Directors as to the value of the
property purchased shall be conclusive.
ARTICLE
The time of the commencement of
this Corporation shall be the date of
the filing of a Ger titled copy of these
vi n a of TronrnorotiOn 10
office of the Corporation Commission
of Arizona, and the termination thereof
shall be twenty-t five years thereafter,
with the privilege of renewal as pro-
vided by law.
ARTICLE vi.
The affairs of this Corporation shall
be conducted by a Board of Directors,
and such officers as the Directors may
elect or appoint, and the following
named shall constitute the Board of
Directors until their successors are
elected and qu Allied: C. w. Morgan,
R H Granville, Weldon ], Bailey.
Thereafter the Board of Directors shall
be elected from among the stockholders
at the annual stockholders meeting to
be held on the first Tuesday after the
first Monday in June of each year. The
names of the officers who shall have
charge of the corporate affairs are:
c w, Morgan, President, R. H. Gran
vile. Vice President, and Weldon j .
Bailey, Secretary and Treasurer.
ARTICLE VII.
The Board of Directors shall have
power to adopt and amend Bylaws for
the government of the corporation, to
fillvacancies occurring in the Board from
any cause, and to appoint an Executive
Committee and vest said committee
with such powers as they may deter
mine.
ARTICLE VIII.
The HIGHEST amount Of indebtedness
or liability, direct or contingent, to
which this corporation shall be subject
at any one time shall be $3.50, 100000.
ARTICLE TX.
The private property of the stock
holders and officers of this corporation
shall be exempt from all corporate
debts of any kind whatsoever.
ARTICLE x.
The names, residences, and postoffice
addresses of the corpora tors are
c. w. Morgan, Phoenix, Arizona
R. H. Granville. Phoenix, Arizona.
Weldon J. Bailey, Phoenix, Arizona.
IN WITNESS WHEREOF, we have
hereuntO set our hands and seals this
25 day of April, 1922
G. W. Morgan.
r. H. Granville
Weldon J Bailey.
STATE OF CALIFORNIA &C
COUNTY OF LOS ANGELES ~
On this 26 day of April, in the year
1922, before me, William O. Cline,
Notary Public, personally appeared G.
w. Morgan, known to me to be the
person whose name is subscribed to the
foregoing instrument, and acknowl-
edged to me that he executed the same.
IN WITNESS WHEREOF. | have
hereunto set my hand and affixed my
official seal the day and year in this
certificate first above written.
(SEAL) William 0. Cline,
Notary Public
My commission expires March "a, 1924
STATE OF ARIZONA &C
COUNTY OF MARICOPA
Before me, T. R. Cheatham, Notary
Public in and for the state and county
AFORESAID, on TINS Gay personally ap-
peared Weldon J. Bailey and R. H.
Granville, known to me to be the per-
sons whose names are subscribed to the
! foregoing instrument and acknowl-
edged to me that they executed the
same for the purpose and consideration
therein expressed
Given under my hand and seal of
office this 25 day of April. 1922
(SEAL) T. r. Cheatham,
Notary Public