Arizona republican., 1896-01-11

ores and for other purposes; to construct or acquire roadwsys for the purpose of transporting passengers, freight, ores, coke and supplies to and from any of the property of this corporation, to purchase or otherwise acquire, timber and timber lands, and the cutting and saving of timber and the trans oortation of the same; to purchase, construct or otherwise acquire rights of way, railroads, tramways and cable lines with such appendages and adjuncts which may be necessary, proper and convenient for the construction, maintenance and opera tion thereof, to propel all or any of the cars thereof by the force and power of steam, of electricity, of animals or any mechanical power or by any combination thereof for the conven tent transportation of the products Of this cor poration and to purchase, construct or other wise acquire any machinery, tools, appliances, supplies and real and personal property of every description for any of tke foregoing pur- poses; and generally to exercise and possess all the powers and privileges that private individ- uals and natural persons may enjoy.
 ARTICLE III.
 The amount of the Capital Stock authorized by this corporation shall be twelve thousand Gs12, ,0OO) dollars, divided into twelve hundred (1200) shares of the par value of ten (sl0) each, P and the times when and conditions upon which it is to be paid ln are as follows, to.wit: Each subscription for stock shall be paid in cash or its equivalent in value aud the whole thereof is payable immediately upon the making of the subscription therefor, and the said stock shall be fully paid within sixty days thereafter and no share shall be issued until fully paid, and thereafter the same shall be non assessable. And all stock not sold shall remain in the | treasury of the corporation and be considered treasury stock.
 ARTICLE ".
 The time of the commencement of this cor poration shall be upon the date and at the time of the filing of the Articles of Incorporation in the office of the County Recorder of Mari copa County, Arizona Territory, and the ter minstion thereof shall be twenty five years | thereafter unless further extended according | to and in compliance with the laws of the Ter | ritory of Arizona.
 | ARTICLE V.
 l The affairs of this corporation shall be con ducted and managed by s Board of Directors consisting of five persons who shall be stock l holders Of the corporation, and who shall be elected annually by the stockholders at the annual election therefor, to be held at the office of the corporation in the City of Phoenix on the | first Monday in January in ca ,h year hereafter and until first annual meeting of stockholders
 to he held on the first Monday in January, A.
 D. 1897, the following named persons shall be
 directors and constitute the Board of Directors
 ot this corporation, to-wit: William E. Thorne, William w. Hill, James M. Ford, John W.
 Norton and Ernest E. Ford.
 The officers of this corporation shall be it's
 President, Vice President, General Manager Secretary and Treasurer, who shall be elected
 annually by the stockholders at the annual
 election therefor to be held at the office of the corporation in the City of Phenix on the first Monday in January in each year thereafter and until the first annual meeting of said stock holders to be held on the first Monday in Jan uary, A. D. 1897, the following named persons
 shall be such officers, to-wit: President, Will
 liam E. Thorne; Vice President, John ". Nor ton; General Manager, William w. Hill; Secre tary and Treasurer, James M. Ford. The President and Vice. President shall be member of the Board of Directors; the other officer may or rnay not be members of the Board O Directors.
 The Board of Directors and officers of thi corporation shall hold their respective office for one year from the date of their election
 and until their successors are elected and qual flied, unless such director or officer shall ceas to be stockholder in this corporation, or un
 less such director or offcerr shall resign hi
 office as such director or officer. h every sucl
 case such director or officer snail ceaee to be / director or officer in the corporation from tn