Arizona state miner., 1925-04-18

One Hundred ($1OO.OO) dollars each.
At such times as the Board of Direc
tors may by resolution direct, said
capital stock shall be paid into this
corporation, either in cash or by sale
and transfer to it of real or personal
property, contracts, services, or any
other valuable right or thing for the
use and purposes of said Corporation
in payment for which, shares of the
capital stock so issued shall there
upon and thereby become and be
fully paid up and worcestershire for
ever, and in the absence of actual
fraud in the transaction the judg-
ment of the Directors as to the value
of the property purchased shall he
conclusive.
Article v
The time of the comm Of
this Corporation shall be the date
of the filing of a certified copy of
these Articles of Incorporation in the
office of the Corporation Commission
of Arizona, and the termination there
of shall be twenty-five years there
after, with the privilege of renewal
as provided 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 have
qualified: l. F. Wolpe, Weldon J.
Bailey and K. G. Weisser There
after the Board of Directors shall
be elected from among the stockhold-
ers at the annual meeting Of the
Stockholders to be held on the first
Tuesday of each year. The names
of the officers who shall have charge
of the corporate affairs are:
I. F. Wolpe, President, and Treas
urer, Weldon J. Bailey, Vice Presi-
dent and K G. Weisser, Secretary.
Article VII
The Board of Directors shall have
power to adopt and amend BY Laws
for the government of the Corpora
ton, to fill vacancies occurring in
the Board for any cause, and to ap-
point an Executive Committee and
vest said committee with such powers
as they may determine.
Article Viii
The highest amount of indebted
ness or liability, direct or contingent,
to which this corporation shall be
subject at any one time shall be
Sixteen Thousand Five Hundred Dol
lars.
Article TX
The private proUerty of the stock
OA nf
ton shall be exempt from all cor
porate debts of any kind whatsoever.
Article K
The names, residences and post
office addresses of the incorpOratOrs
are:
Names Residences p. o. Addresses
I. F. Wolpe, 1409 N. Central Ave,
Phoenix, Arizona
Weldon J. Bailey, 81 w. Portland ST.,
Phoenix, Arizona.
X. G. Weisser, 1874 Pierce ST., Phoe-
nix, Arizona.
IN WITNESS WHEREOF, we have
hereunto set our hands and seals
this 28th day of March, 1925.
l. F. WOLPE.
WELDON J. BAILEY,
K. G. WEISSER,
STATE OF ARIZONA,
IS
COUNTY OF MARICOPA
Before me, Chas. H. Young, No
tary Public in and for the State and
County aforesaid, on this day per
sonally appeared l. F. Wolpe, Wei
don J. Bailey, and K. G. Weisser,
known to me to be the persons whose
names are subscribed to the forego-
ing instrument and acknowledged to
me that they executed the same for
the purpose and consideration there
in expressed.
Given under my hand and the seal
of office this 28th day of March, 1925
CHAS. H. YOUNG,
Notary Public.
| My Commission expires July 27, 1925
(NOTARY SEAL)
Weldon ]. Bailey, Attorney
1st pub April 18-last pub May 23rd