The Coolidge examiner., 1935-11-29

dDle anu proper 1OI IALO A''"A"A ''N
complishment of any Of the pur-
poses or for the attainment of any
one or more of the objects herein
beforeenumerated.
ARTICLE v
The authorized amount OF capt.
tai stock of the corporation shall
be Seventy-Five Thousand (S75,-
eoo.ee) Dollars, divided into Sew
enty-Five Hundred (7,5se) shares
of the par value Of Ten 9$1o.00)
Dollars per share. The sa1G oopi-
tai stock shall be paid at such times
and in such amounts as the diree-
tors shall from time to time fix,
and may be payable in cash, serV-
ices, or by the sale and transfer to
il Of real or personal property nor
the use and purpose of said cOrrof-
alton at its actual or fair cash val
ne; and in consideration of which
shares of the capital stock of said
corporation shall be issued, and the
capital stock so issued shall there
upon and thereby become fully paid
up and worcestershire. In the ab-
sence of any actual fraud in the
sale of any such property, the judg-
ment of the directors as to the val
ue Of such property purchased, or
services rendered, or money paid
shall be deemed final and conclu-
sive.
ARTICLE vi
The commencement of the cor
portation shall be the date Of the
issuance to It of q certificate or
provisional certificate Of 1ncorpora-
tion by the Arizona Corporation
Commission, and 1t shall endure for
the full term of twenty f1ye (2b)
years thereafter, with privilege Of
perpetual succession as provided
by statute.
ARTICLE VII
The prudential and business af-
fairs Of this corporation shall be
conducted by a board of Three (S)
Directors wne skau be elected ut
the meeting OF the stockholders held
on the 18th day Of January, in each
year, beginning with the year 1896;
Directors go elected shall hold Of
flee for one (1) year, and until
their SUCCESSORS are elected aud
qualified. The following persons
have been selected and shall con-
st1tute the Board of Directors un
I'll the first annual election; to-wit:
Charles q. Cohen. wne resldes at
Coolidge. Arizona; Sophie K. Co
hen, who resides at Coolidge, Ari-
zena and James J Snven, vito re.
, sdes at Tucson, Arizona.
ARTICLE VIII
The officers OF the company shall
consist of q president, vice p=esi.
: Cent secretary, and treasurer. END
| such other officers as the board OF
, Directors shall deem expedient. ard
all shall be elected or appointed by
me board 81 Directors. Any tro or
; mora Offices, Inc duties OF which
are NOT inconsistent, may be neld
by the same person. The officers
shall hold then uxfices Bor the oer-
) Tod OF one year Iruu ana 4itar
their election and until their sue
cessors are elected. The tein por-
ary officers of said corporation v no
have been selected and who shall
serve until their successors are
elected and duly qua are as
follows: President, Charles E. Co
hen; Secretary and Treasurer, So
phie X. Cohen.
ARTICLE TX
The Board of Directors snail have
power to adopt, alter and rescind
bylaws for the government Of this
corporation, and to sell, transfer,
mortgage or otherwise dispose Of
or cucumber any Of the property of
the corporation.
ARTICLE Y
With the consent OF the holders
Of two thirds in amount of the cap
ital stock of this corporation, is
sued and outstanding. when evil
denced in writing, or with the con-
sent of majority n amount nf the
capital sock of this corporation,
issued and outstanding, when ex-
pressed by a resolution adopted at
q meeting Of the stock holders Of
the company, duly called and held