Arizona state miner., 1923-09-01

dental to it's operation IN business; to
issue, protect, secure, redeem and pay
bonds. securities and other evidences
of indebtedness of this corporation.
when deemed necessary, appropriate
or expedient by the directors or
stockholders of this corporation.
To purchase, sell, exchange, lease, ac-
quire and manage offices, lands and ap-
purtenances thereon for the purposes
incidental to It's operation and business
IN general; to carry on any other lawful
business in connection with the forego-
ing which may be necessary or Incl
dental thereto, or calculated directly or
indirectly to enhance the value of the
company's properties, right or stock,
and to do any and all things which a
natural person might or could lawfully
do in general fruit and produce busi-
ness.
ARTICLE III.
The amount of the capital stock of
this corporation shall be Ten Thousand
dollars $50, 900. 00), to be divided into
One Hundred (1OO) shares of the par
value of One Hundred Dollars (S100. O0)
each, and said capital stock shall be
fully paid up at the date Of issuance, in
money, property, services, labor or any
other valuable right or thing, in the
discretion of the Board of Directors;
and the judgment of said Board as to
the value thereof shall be conclusive on
this corporation and it's stockholders.
Said capital stock is hereby made, and
shall forever remain. worcestershire.
Said stock shall be disposed of in the
discretion of the Board of Directors. as
said Board may deem proper, and it's
discretion shall be final and binding.
ARTICLE w.
The life of this corporationShall COM
mence on the day when a certificate of
its incorporation is issued by the Ari-
zona Corporation Commission and shall
terminate ten 00) years thereafter.
ARTICLE v.
The affairs of this corporation shall
be conducted by Board of Directors
ofsnot less than three nor more than
five members, and such other officers
and agents as they may appoint or
elect, and all Directors shall be stock
holders; the following named persons
shall constitute the Directors and Off
GERS of this corporation until their sue
cessors shall have been elected and
qualified, to-wit:
NATHAN LIPOW. President, Treas
urer and Director
HARRY ZEITLIN, Vice President
and Director.
LOUIS LIPOW. Secretary and Dir
ecter.
Hereafter the Board of directors shall
! from among their number at the an
/ oI oonfinor Of Ahn Cfn0Ehn1Ho~C n ho
held on the second Tuesday of Sep
| tember, of each year, and shall hold of
| flee until their successors are cleo
ted and qualified. The board of direc-
tors shall have the power to fill any va
cancies occurring in the officers or in
the board for any cause for the unex
| pired time.
ARTICLE vi
! The highest amount of Indebtedness,
direct or contingent, to which this cor
poration shall ever be subjected, shall
be two thirds of the total par value of
the capital stock,
ARTICLE VII
The private property of the stock
holders of the corporation shall be for
ever exempt from it's debts und obi
cations.
ARTICLE VIII.
This corporation shall have power at
any time to sell, transfer, and dispose
of all of it's assets, upon the written
consent of the owners of two thirds of
the capital stock then outstanding.
ARTICLE TX.
This corporation does hereby appoint
Herman Lewkowitz, of Phoenix, Mari
copa county, Arizona, who has been a
bona fide resident of Phoenix for at
least three years, its lawful agent in
and for the State of Arizona for and in
behalf of said corporation to accept
and acknowledge service of. and upon
! whom may be Servel all necessary