Douglas daily dispatch., 1928-03-26
LEGAL NOTICES.

SHARES of the par value of ONE
($1.0O) DOLLAR each, and said cap
ital stock shall be paid up at the date
of issuance in money, property, labor,
or other valuable right or thing, and
the Judgment of the Board OF Direc-
tors or managing officers as to the
value thereof, shall be conclusive, and
when so issued shall become and be
fully paid and -asseSsable.
ARTICLE w. The commencement
of this corporation shall be on the
date of the issuance of a Certificate
or Incorporation by the Corporation
Commission of the State of Arizona,
and the termination thereof shall be
twenty-five (25) years thereafter, with
privilege of renewal, as provided by
statute.
ARTICLE v. The affairs Of the
corporation shall be conducted by a
board of directors, consisting of not
less than six, or more than nine (9),
and such other officers as the said
directors may elect or appoint. The
number of directors shall be designat-
ed by the stockholders and shall be
elected from among the stockholders
at their annual meeting, to be held
on the second Monday in January Of
each year. Until the first annual
meeting of the stockholders, to be
held on the second Monday in Jan
uary, 1929, and until their successors
have been elected and have qualified,
the following named persons shall be
the directors: w. RICHARD UPSON,
Jr., H. FRANK SHELTON, EDWARD
F.. EPLEY, CEAS. E. FISH, VIM.
SHELTON and CELL S. SHELTON.
The directors shall have power to
adopt, amend and rescind bylaws, to
select from their number officers for
said corporation, and at their pleas
ure, to remove the same, to fill va
cancieS occurring in the board Of di-
rectorS from any cause, ana to appoint
from their own number an executive
committee and vest said committee
will all the powers granted to the
board of directors by these articles
The officers of this corporation shall
be President, Vice. President, Secre-
tary and Treasurer, and such other
officers as the Board of Directors may
deem necessary.
ARTICLE vi. The highest amount
of Indebtedness, direct or contingent,
to which the corporation shall be sub
ject at any one time shall not exceed
two-thirdS of the amount OF the cap
ital stock.
ARTICLE VII The private prop
erty of the stockholders of the cor
poration shall be forever exempt from
its debts or obligations.
ARTICLE VIII. This corporation
does hereby appoint H. FRANK
SHELTON, of Paradise, Arizona, who
has been bona fide resident of Ari-
IONA for at least three years, its law
full agent in and for the State of Ari-
zona, for and in behalf of said COM
pany to accept and acknowledge serv-
ice of, and upon whom may be served,
all necessary process or processes in
any action, suit or proceeding that
may be had or brought against the
said company in any of the Courts in
said State of Arizona, such service of
process or notice, or the acceptance
thereof by said agent endorsed there
on, to have the same force and effect
as if served upon the President and
Secretary of said Company
IN WITNESS WHEREOF, we have
hereunto set our hands and seals this
18th day of March, A. D. 1928.
H. FRANK SHELTON,
EDWARD F. EPLEY,
w. RICHARD UPSON, Jr.
County of Maricopa,
State of Arizona-ss.
Before me, Pearl M. Butler, No
tary Public in and for the said Coun-
ty and State, on this day personally
H. FRANK SHELTON, ED
WARD F. EPLEY and w. RICHARD
UPSON, Jr., known to me to be the
persons whose names are subscribed
to the foregoing instrument, and ac-
knowledged to me that they executed
the same for the purposes and con-
therein expressed.
GIVEN under under my hand and
seal of office this 17th day OF March
A. D. 1928.
PEARL M. BUTLER,
(Notarial SeaD Notary Public.
My commission expires May 81, 1929.