The Winslow mail., 1926-05-07
LEGAL ADVERTISEMENTS

and personal property in the
State of Delaware, other States, the
District of Columbia, the territor-
les, colonies and possessions of the
United States and in foreign coun-
tries; and to maintain such offices
either within or without the State
of Delaware as may be convenient;
provided, however, that nothing
herein contained shall be deemed
to authorize this Corporation to
construct, hold, maintain or oper-
ate within the State of Delaware
railroads, railways, telegraph or
telephone lines, or to carry on
within said State any public utility
business.
The foregoing clauses shall be
construed both as objects and pow
ers; and the foregoing enumera-
ton of specific powers shall not be
held to limit or restrict in any
manner the powers of the Corpora
tion; and it is the intention that
the purposes, objects and powers
specified in each of the paragraphs
of this Article Third of this Certi-
ficate of Incorporation shall, ex-
cept as otherwise expressly provid-
ed, in no wise be limited or re-
stricted by reference to or infer
ence under the terms of any other
clause or paragraph of this Article
or Of any other Article of this Ger
tificate of Incorporation, but that
each of the purposes, objects and
powers specified in this Article
and each of the Articles or para
graph Of this Certificate of Incor-
poration shall be regarded as inde-
pendent purposes, objects and pow
erS.
Article ~.
The total number of shares au-
thorized of the Corporations capi-
tai stock is fifteen million (15,-
0,000) and such shares are with
out nominal or par value.
The shares of capital stock of
this Corporation, may be issued by
this Corporation from time to time
for such consideration as from
time to time may be fixed by the
Board of Directors Of this Corpor-
alton; and all issued shares of the
Capital Stock of this Corporation
shall be deemed fully paid and nom
assessable and the holders of such
shares shall not be liable thereun-
der to this Corporation or it's credi-
tors. No stockholder of this Cor
poration shall have any preemp-
tive or preferential right of sub
scription to any shares of
any stock of this Cor
poration, or to any obligations
convertible into stock of this Cor
.poration, or to any obligations con-
vertible into stock of this Corpor-
alton, issued or sold, nor any right
of subscription to any thereof 9TH
er than such, if any, as the Board
of Directors of this Corporation in
its discretion from time to time
may determine, and at such price
as the Board of Directors from
time to time may fix, pursuant to
the authority hereby conferred by
the Certificate of Incorporation OF
this Corporation, and the Board OF
Directors may issue stock of this
Corporation, or obligations con-
vertible into stock, withC ut offer
ing such issue of stock, either in
whole or in part, to the stockhold-
ers of this Corporation. The accep-
tance of stock in this Corporation
shall be a waiver of any such pre-
emptive or preferential right
which in the absence of this pro
vision might otherwise be assert
ed by Stockholders of this Corpor-
alton or any of them.
This Corporation shall be enti-
tied to treat the person in whose
name any share is registered as
the owner thereof, for all purpos-
es, and shall not be bound to rec
ognize any equitable or other
claim to, or interest in, such
share on the part of any other
person, whether or not the Cor
I poration shall have notice thereof,
save as expressly provided by the
laws of the State of Delaware.
Article V.
The number of shares with
which this Corporation will con-
mence business is ten (10) shares
without nominal or par value.
Article vi.
The names and places of resi-
dence of each Of the original sub
scribers to the capital stock of this
Corporation are as follows: :.
No. of Shares
of Stock
/ Name Residence Subscribed
F. T. Smith, San Francisco,
California
Renato Capocelli, San Francisco
California
w. F. Hillman, San Francisco
California
Article VII.
The Corporation shall have per-
petual existence.
Article VIII.
The private property of the
stockholders shall not be subject
to the payment of the debts of the
Corporation, but shall be exempt
from corporate liability.
Article TX.
The number of Directors of this
Corporation shall be fixed and may
be altered from time to time as
may be provided in the Bylaws