Douglas daily dispatch., 1927-11-08
The DouuIas Daily Dispatch Classified and LeoaIP
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 its 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 oh
jectS, not inconsistent with law in anv
part of the world, as the board of
directors may deem to the advantage
OF the corporation.
A r TICLE III. The amount of
authorized Capital Stock Of the Cor
poration is Fifty Thousand Dollars.
($50,OO0) 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 mons -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 Nv. The time of the
commencement of the corporation shall
be the day these articles are filed in
accordance with law, and the termina-
ton 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
Board of not less than three nor more
than five Directors, by whom a 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
third Monday in October each year.
Until their successors are elected and
qualified, the following named persons
shall be the Directors and Officers:
Directors
Russell Meadows, Frances o. Mead
ows, Maud P. Hamnill.
Officers
Russell Meadows - President and
Treasurer.
Frances o. Meadows Vice President.
Maud P. Hammill- Secretary.
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,