Arizona republican., 1901-10-16

pany is from time to time to do any one or more of the acts and things herein set forth.
 The stockholders by bylaws may di- vide and separate the different opera tions and classes of business of tho company into divisions or sections ac- cording to separate locations or classes of business and each section or kind of business or division may have and com tain amount and kinds or shares of stock or bonds set aside for said sec- tions especial or separate use and said stock or bonds may be used for the promotion and development of said section or class of business, and each section. class or division Is first to be liable for its own taxes. costs and ex- penses, separate from the other sec tions, classes or divisions or the gen eral company or corporation.
 The company may conduct it's bus.- nass In any State or Territory and in any foreign country and may exercise beyond the jurisdiction of this common wealth such franchises and powers as may he granted to or conferred upon the said company by any foreign gov ernment, state or Municipality.
 Without in any particular limiting any of the objects and powers of the
 
 clared and provided that the corpora tion shall have power to issue bonds and other obligations. in payment for property. franchises or services pur- chased. acquired or received or rem dered to said company or for any other object in CT about the business of this said corporation. to mortgage or pledge any stocks, bonds or other obligations or any property which may be ac- quired by it to secure any bonds or stocks or other obligations by it issued or incurred. to guarantee any stocks. bonds. dividends ar contracts or other obligations: to make and perform any kind and description of contracts and to do any and all other acts and things and to exercise any and all other pow CTS in carrying on its business or for the purpose of attaining or furthering any of it's objects which copartner ship or natural person could do and exercise, and which is or hereafter may be authorized by law.
 Of the total authorized capital stock one-half shall be preferred stock and one-half shall be common stock.
 From time to time the preferred stock and the common stock may be increased according to law and may be issued in such amounts and propor- tiors in the general company and in the different sections or divisions as shaii be determined by the Board of Direct ors. subject to the consent of and the consent given in writing and filed by the holders of fifty-one per cent of the stock and as may be permitted by law. The holders of preferred stock shall be entitled to receive when and as de- clared from the surplus or net profits Of the. company yearly dividends at the rate of seven per centum per annum.
 The dividends on the preferred stock shall be cumulative and shall be pay able before any dividends on the com mon stock shall be paid or set apart.
 In the event of any liquidation or dissolution or winding up twhether vol untary or involuntary of the company. the holders of the preferred stock shall be entitled to be paid in full both the par amount of their shares and the un- paid dividends accrued thereon. before any amount shall be paid to the hold CTS of the common stock.
 All stock may be voted by the owner or party to whom it has been regularly allotted and in whose name 1t appears on the minute book of the secretary / of the meetings of the corporators O. company
 Unless authorized by votes given in person or by proxy by stockholders holding at least fifty-one per cent of the capital stock of the corporation and which must be represented and voted upon in person or by proxy at meet ing specially called for that. purpose. or at an annual meeting. The Board of Directors shall not mortgage ar pledge any of it's real property or any of it's treasury stock or any shares of the capital stock of any other corpo- ration but this prohibition shall not D,- construed to apply to the execution of any purchase money, mortgage or any other purchase. money. lien but the owners of ffty-one per cent of the stock may control and instruct and may direct the directors but it must he by written instrument signed. ac- knowiedged and filsd and duly recorded in the minutes of q meeting of the company.
 In Witness Whereof. we have here unto set our hands and seals this 2n1 day of October. 1901.
 RICHARD DOUGLAS COULTER. (Seal) GEORGE LYON HEBRON. (Seal)
 JOHN CHRISTIAN WOLFRAM (Seal) Attest: GEO. F.. ALTRI.
 State of Pennsylvania, County of Ale l ghenv. ss.
 On this 2nd day of October. in the year 1901, before me. George F. Altri
 Notary Public in and for the state and county aforesaid, residing therein
 duly commissioned and sworn. person i ally appeared Richard Douglas Coulter | George Lyon Heron. and John Chris i tian Wolfram. known to me to be the persons described in, whose names arr
 subscribed to and who executed the annexed instrument. and they acknowi- edged to me that they executed the
 same for the purposes and considera- | tions therein expressed.
 1 In Witness Whereof I have hereuntf set my hand and affixed my officia
 seal at my office in the said State ans
 County, the day and year last abov' written.
 l lcaalN GEORGE E AI,TRJ