Arizona state miner., 1927-02-05

corporation SHALL in addition to the powers
hereinabove stated and by law given and grant,
ed to them, and in addition to such powers
as may be vested in them by the bylaws Of
this corporation, have the following powers:
To appoint such agents in the management
of its business and in conducting the affai
of this corporation as they may deem ad'
able, and determine and fix their compensa
ton and duties.
To borrow money on behalf of the corpor-
alton and contract to repay the same at such
time times and at such rate of interest as
they may deem proper; to execute and cause
to be executed all necessary papers, records,
conveyances and securities incident to the same
and to mortgage pledge any or all of the
property of the corporation for the purpose of
securing any of the obligations or indebted
ness incurred by the corporation.
To sell, assign, mortgage hypothecate, con-
vey otherwise dispose of any and all of the
property or assets of this corporation on such
terms and conditions as they may procure
whether for cash. shares of stock in other
corporations or other property. as may be by
said Board deemed advisable for the best In.
terests of the corporation.
To make, alter. amend or substitute any
and all bylaws, rules and regulations neces-
sary, or convenient proper for the govern
ment and control Of its Officers agents, serv.
ants and representatives, and for the proper
conduct of its affairs and business, end gov-
erning also such matters usually regu-
lated and provided for in the bylaws of cor
poratons.
To authorize and direct any officer to make
execute and deliver for and in behalf of this
corporation such notes, contracts, papers and
documents other instruments as may re-
quire execution and delivery on the part of
this corporation to authorize and empower
any officer or director to borrow money in
its behalf and contract for the repayment of
such moneys; to vest in any officer or di-
rector or in any executive committee to be
created by such Board of Directors may from
time to time deem necessary or convenient.
The executive committee herein provided for
shall consist of not less than three nor more
than six members, at least three Of whom must
be officers of this corporation, Said execu-
tive committee must hold regular meetings,
the time. date and place to be fixed by the
Board of Directors majority of the execu-
tive committee present at a meeting shall be
d
also hold regular meetings, the time, date and
place therefor and the time, date and place
OF the regular meetings of the regular meet
ings of the executive committee to be fixed
by the Board Of Directors at their first meet
ing, whether regular or special. AT said first
meeting of the Board of Directors they shall
adopt suitable bylaws
Article 9.-The highest amount of indebted
ness or liability direct itself shall not ex-
ceed sum equal to two-thirds of its author
lied capital.
Article 10.-The stockholders of this corpor-
alton and all of their private property shall
forever be exempt from the corporate debts
and obligations of this corporation.
In Witness Whereof, we have hereunto set
our hands no this 29th day of November. 1926
MURRAY j. MORLEY.
E. j. MORLEY
T. L. ZIMMERMAN
c. r. HOLTON
E. G. SCOTT
B. WHITE
E. TILLER
w. L. CROSSETT
STATE OF ARIZONA, )ss.
COUNT YOF MARICOPA
Before me, D. M. Gillian, notary public in
and for the county and state aforesaid, on this
day personally appeared Murray ]. Morley, E.
j. Morley, T. L. Zimmerman, C. R. Holton, e.
G.. Scott B. White, E. Tiller, and w. L. Cros-
sett. known to me to be the persons whose
names are subscribed to the foregoing Arti-
cles of Incorporation and htey severally and
duly acknowledged to me that they executed
the for the purposes and considerations
therein expressed.
Given under my hand and seal of office this
10Th day of November. 1925.
D. M. GILLIAN, Notary Public
My commission expires August goth. 1928.
(SEAL)
Filed with Arizona Corporation Commission
November 3o 1926. Recorded in office Of
County Recorder of Maricopa County. Noven-
Der so, 1926.
1st 1927 Last 2-9-27-sTAR