Arizona state miner., 1925-08-08

business, not inconsistent with law,
in any part of the world, as the Board
of Directors may deem to the advan-
tage of the corporation.
Article w.
The authorized capital stock of this
corporation shall be Fifty Thousand
($50 100000 Dollars, divided into two
thousand shares of Twenty-Five Dol
lars ($25.OO) each At such times
as the Board of Directors 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 val
liable 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
issued, and the capital stock so is
sued shall thereupon and thereby be-
come and be fully paid up and non
asseSsable forever, and in the absence
of actual fraud in the transaction the
judgment of the Directors as to the
value of the property purchased shall
be conclusive.
Article v.
The time of the commencement of
this Corporation shall be the date of
the filing of a certified copy of these
Articles of Incorporation in the Of
flee of the Corporation Commission
of Arizona, and the termination there
of shall be twnty-five years there
after, with the privilege of renewal
as provided by law.
Article vi.
The affairs Of this Corporation
shall be conducted by Board of Di-
rectors, and such officers as the Di-
rectors may elect or appoint and the
following named shall constitute the
Board of Directors until their sue
cessors are elected and have quail
fed: H. B. Watson and Hannah J.
Watson. Thereafter the Board of Di-
rectOrs shall be elected from among
the stockholders at the annual meet
ing of the stockholders to be held on
the I'd Tuesday of June of each year
The names of the officers who shall
have charge of the corporate affairs
are:
H. B. Watson, President, Treasurer
and Secretary.
Hannah J. Watson, Vice-President.
Article VII.
The Board of Directors shall have
power to adopt and amend Bylaws
for the government of the Corpora
ton, to fill vacancies occurring in the
Board for any cause, and to appoint
an Executive Committee and vest
said Committee with such powers as
they may determine
Article Viii.
The highest amount of indebtedness
or liability, direct or contingent, to
which this corporation shall be sub
ject at any time shall be Twenty-Five
Thousand Dollars.
Article TX.
The private property of the stock
holders and officers of this corpora
ton shall be exempt from all cor
porate debts of any kind whatsoever.
Article x.
The names, residences and post of
fee addresses of the incorporators
are;
H. B. Watson, Phoenix Arizona and
Hannah J. Watson, Phoenix, Arizona.
IN WITNESS WHEREOF, we have
hereunto set our hands and seals this
30th day of June 1925
H. B. WATSON
HANNAH J. WATSON.
STATE OF ARIZONA,
COUNTY OF MARICOPA
Before me, Weldon J. Eailey, No
tary Public in and for the State and
County aforesaid, on this day person
ally appeared H. B. Watson and Han
nah J. Watson, known to me to be
the persons whose names are sub
scribed to the foregoing instrument
and acknowledged to me that they
executed the same for the purpose
and consideration therein expressed
Given under my hand and seal of
Office this 30th day of June, 1925.
WELDON J. BAILEY,
Notary Public.
My Commission expires Sept. 1, 1923.
1st pub. July 1st-last pub. Aug. 5th