Arizona state miner., 1925-05-09


Ten ($10.00) Dollars each. At such
time as the Board of Directors may
by resolution direct, said capital
stock shall be paid into this corpora
ton, either in cash or by the sale
and transfer to it of real or personal
property, contracts, services or any
other valuable right or thing for the
use and purpose of said corporation.
in payment for which shares Of the
capital stock of said corporation may
be issued 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 judgment of the Directors as to
the value of the properly purchased,
shall be conclusive.
Article v
The time Of the commencement Of
this corporation shall be the date OF
the delivery to 1t of certificate of
incorporation by the Corporation Com
mission of the State of Arizona, and
the termination thereof shall be TWEEN
ty years thereafter, with the privilege
of renewal as provided by law.
Article vi
The affairs of this corporation shall
be conducted by Board of Directors
and such officers as the Directors
may elect or appoint, and the follow
ing named shall constitute the Board
of Directors until their successors
are elected and qualified: w. CAR
ROLL BEST, JOHN p. COATES and
MRS. IDA ]. BURREIIL. Thereafter
the Board of Directors shall be
elected from among the stockholders
at the annual stockholders meeting
to be held on the second Tuesday in
May of each year. The names of the
officers who shall have charge of the
corporate affairs are a President,
Vice President and Secretary-Treas-
urer 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 ap
point an executive committee and
vest said committee with such pow
ers as they may determine.
Article VIII
The highest amount of indebted
ness or liability direct or conting
ent, to which this corporation shall
be subject at any one time shall be
Five Thousand ($5,00O.00) Dollars.
Article TX
The private property of the stock
holders and officers of this corpora
ton shall be exempt from any corpor
ate debts of any kind whatsoever.
Article x
The names, residences and post
office addresses of the corpOrators
are:
Names Residences Addresses
w. Carroll Best Phoenix, Arizona,
IA West Adams Street
John P. Coates, Phoenix, Arizona
ii West Adams Street
Mrs. Ida j. Burrell, Phoenix Ari-
zona, IA West Adams Street
IN WITNESS WHEREOF, we have
hereunto set our hands this Goth day
of March, 1925. (SIGNED)
w. CARROLL BEST
JOHN P. COATES
IDA J. BURRELL
STATE OF ARIZONA
County of Maricopa
Before me, J. NJ. kellogg, a Notary
Public in and for the County anu
State aforesaid, on this day person
ally appeared w. Carroll Best John
P. Coates and Mrs. Ida ]. Burrell~
known to me to be the persons whose
names are subscribed to the forego
ing instrument, and acknowledged tc
me that they executed the same Tor
II n RSaaa
in expressed. !. M. KELLOGG,
Notary Public for Maricopa County,
Arizona
My Commission Expires Jan. Is, 1925
(Notary Sean
Harry l. Howard, Attorney.
1st pub April last pub May 9th