Arizona republican., 1898-02-03

ness and any DuS1n6 SS unQerCdKLuS transaction or operation commonly prosecuted or undertaken by sanatOr- jq1m companies and any other busi- ness which may seem to the company capable of being conveniently carIded on in connection herewith or calcu- la,ed either directly CT indirectly to enhance the value of or render prof it.slble any of the companV's property or rights.
 B. To buy, own, lease, build, ap- propr'iate, acquire, equip, improve, de velop. operate, sell, convey, rent, ex- change or ether wise dispose of lands tenements, hereditamei It's, easements, sites. loca,i ions and rights of way suit able for sanatorium purposes and all real estate, personal property and rights in the nature Of property necss- sary or convenient in the prosecution of a hotel or sacatorium business or taken in exchange for debts due, property conveyed, services rendered, or benefits conferred.
 c. To enter into contract with oth- CT companies or persons Tor the foregoing purposes and to enter In ary agreement CT arran cement win any authorities, supreme, state, terri torial, municipal, local or otherwise, or to obtain from the aforesaid au- thorities or any of them any rights, privileges, concessions or franchises which may seem conducive to the ob- jects of the company and to exerclse e1rry cut and comply with any such agreem ent or arra ngement or the terms ard conditions of such rights privileges and concessions or fran chises.
 D. To dc all or any of the aforesaid as principal agent, contractor, trustee, or otherwise, and that by or through trustees, agents, or otherwise, and either al0ne or in conjunction with others and to amalgam'alte o7 unite with any other company altogether or in. part, similar in it's objects or purposes, to this company, and ito do all such things as are incidental or conducive sto the attainment of the objact5 here in specified.
 E. To borrow or naise money by mortgage or on bonds, dabentures, ac- ceptances, promissory notes, or other securities or proper,y of the company or any part thereof, and to create sinking fund from the proceeds of its business or other assets for the pur- pose of providing for the payment cf it's debts or the interest thereon.
 III. The capital stock of this cor poration shall be one hundred thou sand dollars, divided inao one thCu- sand shares Of one hundred dollars each, and the company shall have power to increase, subdivide, classify, or reduce the capital for the time be- ing by the amendment of these ar ticles and to raise the whole or any part thereof or any increased c piGai at premium or with any preference, guarantee, privilege or other advan- tage or postponement. Capital stock shall be subscribed for, sold, issued and the price thereof paid in at such times for such prices and upon such conditions as the board of ddrecto tors shall from time to time by resolution direct, provided, however, that the purchase price of all stock shall be 1fully paid before the certified ,es there for shall be issued.
 " The time ot the commenc ment of the corporation shall be the twen- tieth day of January, A. D., 1898, and !, its termination at the end of twenty five years from the date of com menoement.
 " The affairs of the corporation shall be conducted by board of five directors, to be elected yearly at the regular annual meeting of the stock holders. All directors shall be sock <holders in their own right.
 r The officers Of the corporation shall sbe president, vice president, secretary, treasurer, medical director and solic.- tor, and such other as the board of directors may ordain. More than one office may be held by the same per son. Until the election in 1899, the officers shall be as follows: Presi- dent, c. F. Underhill; vice president G. B. Richmond; secretary and solici- tor, J. K. Doolittle; medical director and treasurer, William Lawrence Woodruff, M. D. The president and vice president shall be members of the
 board of directors
 VI. The highest amount of indebt- 'edness or liability to which the cor
 poration is at any time to subject it. self shall be forty thousand dollars. VII The private properhy of the stockholders of the corporation shall not in any event. be liable fer the debts of the corporation.
 VIII. Regular meetings of the stockholders of the, corporation shall he held annually on the second Mon- day of January in each year, and at each annuad mee ting or adjournmen thereof the stockholders shall elect a board of directors who shall organ ize by selecting the officers aforesaid Until ltihe regular annual election in 1899 the incorporators shall consti- E tu,e the board of directors. Special meetings of the stockholders may be called by the board of directors and shall be called by the president or vice president upon the written re- | quest of holders of one-quarter of the | capital stock then issued.
 Notice of each meeting of the stock holders shall be mailed to each stock holder at his registered address not r more than thirty nor less than twenty days prior to the meeting.
 f TX. The board of directors shal
 have power to establish bylaws a |