The Arizona sentinel., 1899-02-11

roads in tao Territory of Arizonal wagon roels. canals mill5 factories, horses, capital stock and bonds of corporations, public or private cha.teis, goods, wares and merchandise and chooses in aeto, and to own, control, deal in, sell or dispose contracts for the construction and operation of soy such enterprises or occupations (e. To buy, cell, own and operate, or ocbor,v;ss deal in. mines, inning claims. mining stocks, franchises, industrial enterprises, ater works gas works, electrical works, street rsw avs and other enterprises; to buy, sell, own and operate all kinds of stores for the sale Of general El5 rehandise, goods or personal property, mining machinery, steam or electrical appliances O. de- vices to operate mills and smelters for the re- duction of all kinds of ores to carry on the busnss of banking in all it's branches, borrowing and loan ing money, dealing in all kinds of negotiable rsper, promlssory nOes mortgages, stocks, bonds or other securities gold, silver copper lead or other kinds ot bull on or ore. bills of exchange or other cvi- dences of indebtedness, and bankable paper: to 3d. quire own. construct, operate or dispose of tele- phone and telegraph lines and electric Hghts; to transact any and all kinds of business winch may De transacted by an individual; to hod use and en- Joy the same, and to aHenate, sell lease dernise and dispose of same or of any pars thereof as we'll a. of any other property this corporation may possess acquire, be seized of or entitled to- and . hypotheeate, mortgage or pledge all or any part oe the property of tis corporation or which it may in any manner hereafter acquire and to issue iss promisSory notes, mortgage bonds, debentures or other written evidences of indebtedness for any os the objects and purposes herein stated.
 The directors Oft power and authority to purchase or acquire say of the foregoing property or property rights or any other property that in their judgment seems for the best interests of the company; to acquire and to issue and use in payment therefor the capital stock of this corporation, it's mortgage bonds and deoenbures or other written evidence of indebted ness or the money thereof, in such amounts and to such extent they, said Directors may determine such capital stock to he used in payment st fla full par value.
 The place where this corporation proposes to have
 it's principal office and place of business is in the village of Yuma, County of Yuma. Territory of Ari. zona, with chief branch office in the city of Los Angeles, County of Los Angeles. and State Oi Cali fornia and other offices at such places as the Board of Directors may establish elsewhere
 "
 The amount of the capital stock of this corporation shall be two hundred and fifty thousand dollars (s250, ,O0O). divided into twenty-five hundred (a5Oo) shares of the par value of one hundred dollars (slOoI each; and the time when and the conditions upoL which it is to be paid are as follows:
 The whole par value thereof shall be paid im- mediatoly upon making the subscription therefor. md fha gbaIl al, h,oxl when used provided in Subdivision II hereof. in purchasing or acquiring any of the aforesaid property; and the said stock shall be issued as fully paid up, and shall be non-assessahle there. after; and personal liability shall be attached to the holders of said stock
 '. The amount of the par value of each she.e of the capital stock of this corporation shall be ono hun dred dollars I$IO0 |
 The highest amount of indebtedness or liability. director contingent, to which this corporation is at any time to be subjected or to subject tsef is the sum of one hundred and fifty thousand, sl5S,- COG, Idoliars.
 The stockholders of this corporation, and their
 
 for the corporate debts of this corporation. VIII. The affairs and business of this corporation are to be and shall be conducted by the Board of Di- rectors, consisting of seven, t7 persons, who shall be elected ennuallyby the stockholders thereof ot such time and ill such manner as shall be pre- ecribcd by the Bylaws of this corporation. and all of whom shall be stockholders or subscribers to the capital stock thereof
 The following named persons whe are subscribers to the capital stock of this corporation shall con- stitnte the Board of Directors of this corporation until the second Tuesday in January, 1900 and un- til their successors duly qualified, shal be elected or appointed:
 Alphonso B. Smith,
 Charles v. Stansbury,
 John Romnlel,
 Benjamin Kohlmeier,
 Edwin F. Smith.
 James B. Hughes and
 Abram L. McGue
 If any Director shall at any time cease % be stockhoder he shall also to be such director
 Vacancies in the Board of Directors shall be filed by appointment made by the unanimous vote of ] the remaining embers of the Board Immediately, or as soon as practicable after the fling of these Articles in the office of the County Recorder of the ounty of Yuma, the persons here iubefore named as Directors to serve until the | second Tuesday in January A. D. 1909, shall meet and organize Board of Directors. adopt Bylaws and prescribe in said Bylaws the method of call ing the meetings Of the Board of Directors stock holders.
 Not less than five members of the Board of Di- rectors shall constitute quorum of said Board for the transaction of business. And whenever six CT more of such Directors are present and sign con- sent to meeting on the minutes, the same shah be a valid meeting without any notice. K The Board of Directors of this corporation shall have power to establish Bylaws and make all rules and regulations deemed expedient for the man agement of the business and affairs of this corpora tion and the control of the officers thereof. and to appoint all experts, engineers. attorneys and other persons employees to act agents or representa- tives of this company residing either in the United States or in other countries, and to x their sasr ies, and also to exercise any and all other powers needful or necessary to conduct or carry on the business or affairs of said corporation in all it's branches.
 Said Board of Directors and the stockholders | hereof, shall have power and authority to hold their meetings either at the principal office and place of business of said company at the Village of Yuma, aforesaid, or at the chief branch office In the City of Los Angeles, Calif., or at the her offices of the company, established by order of said Directors hereinbefore stated, and all such meetings and all proceedings taken or had thereas by said Board, or by any such stockholders meet ing, held without the Territory of Arizona, shall have the same force, validity and effect as if held therein.
 In witness whereof, have herennto set our hands and seals this the 24th day of January. A. D. | 1Soo AIpTIONS0 a SMITH rer.rl