Douglas daily dispatch., 1927-11-09
LEGAL NOTICES.


business transacted and meetings of
stockholders and directors held at such
places within or outside of Arizona as
the Bylaws of the Company shall
provide
ARTICLE II. The general nature of
the business is to buy, lease, erect and
acquire, hold, own and manage real
estate and buildings; to make con-
tracts; to own, cancel and reissue
shares of it's own capital stock and
to own and to vote shares of other
corporations; to issue bonds, notes and
other evidences of indebtedness and to
secure the payment of the same by
mortgage, deed of trust, or otherwise;
to act as agent, trustee or broker, and
to borrow and loan money; and in
general to do and perform such acts
and things and transact such business
in connection with the foregoing OBJ
jects, not inconsistent with law in any
part of the world, as the board of
directors may deem to the advantage
of the corporation.
ARTICLE III The amount of
authorized Capital Stock of the Cor
poration is Fifty Thousand Dollars,
($50,000) divided into shares of No
Par Value, which shall be paid in, at
such time as the Board of Directors
may designate, in cash, real or per-
sonal property, services, lease, option
/ to purchase, or any other valuable
right or thing, for the uses and pur-
poses of the corporation, and all shares
Of Capital Stock, when issued in ex-
change therefor, shall thereupon and
thereby become and be fully-paid the
same as though paid for in cash, and
shall be on-asSessable forever, and
the Judgment of the Directors as to
the value of any property, right or
thing acquired in exchange for Capital
Stock shall be conclusive.
ARTICLE w. The time of the
commencement of the corporation shall
/ be the day these articles are filed in
accordance with law, and the termina-
tion thereof shall be twenty-five years
thereafter, with privilege of renewal
and right of perpetual succession as
now provided by law.
! ARTICLE v. The affairs of this
corporation shall be conducted by a
Board of not less than three nor more
than five Directors, by whom Presi-
dent and Vice-President shall be elect
ed and a Secretary and Treasurer
appointed. The Directors shall be
elected by the Stockholders on the
4 third Monday in October each year.
Until their successors are elected and
qualified, the following named persons
i shall be the Directors and Officers!
i Directors
Russell Meadows, Frances o. Mead
ows, Maud P. Hammill.
4 Officers
Russell Meadows President and
:. Treasurer.
Frances o. Meadows Vice President
); Maud P. Hamnnill- Secretary.
4 ARTICLE VI. The Directors shall
:. adopt Bylaws for the government OF
!, the corporation and may amend the
same. They shall have power to fill
:; vacancies in the Board from any cause.
:, ARTICLE VII The highest amount
of indebtedness or liability to which
!, the corporation is at any time to sub
! ject itself is not to exceed an amount
, equal to two-thirds of the Capital
!. Stock issued. ~
{ ARTICLE VIII The private prop
). erty of the stockholders of the cor
;. poration shall be forever exempt from
/ corporate debts of any kind whatSo-
/ ever
IN WITNESS WHEREOF, We hereto
! affix our signatures this 1st day Of
September, 1927. "
RUSSELL MEADOWS,
FRANCES ORA MEADOWS,
RFATTn d T4AKENTTTJ,