Arizona republican., 1901-02-05

corporations, and while the holder thereof, to exercise all the rights and privileges of ownership, including the right to vote on ~.ock to the same ex- tent as a natural person might or could do,
 (49) rnhe corporation shall have ex- press power. as fully as an individual might do, to issue bonds. debentures and evidences of indebtedness of all kinds, whethe" secured by mortgage or othsrr',s dn without limit as to
 5-..t. as we. as to secure the same .y mortgage. ple ye or otherwise.
 (50) TO guarantee the payment of 6tvidendS or int, cat on any shares, stock. debentures ar othor securities Issued by, or any O. ar contract or ob- ilgation of any cor. 'ration whenever proper or necessary for the business of this corporation, in the opinion of the directors or the executive committee.
 (5D sro purchase. lease, exchange, hire. or otherwise acquire. any and sll rights, privileges, permits or fran rhises, suitable or convenient for any Of the purposes of sts business; to erect and construct, make, improve or aid or subscribe toward the construc- ton, making and improvement of mills, factories. stcre-houses. buildings. roaGs, cocks piers, wharves. houses for employees and others, and works of all kinds; and in conjunction with and in furtherancc of the general business and purposes of the corporation as above described. to construct, lease, own, op- crate or sell any transportation line or lines, in any territory, state or coun- try. subject to the laws of such terri tory. state or country, either directly or through the owntrship Of .hc stock Of corporation formed e to he formed, for the purpose. under the laws of such terfitory, state or country.
 (52) To manufacture, purchase, or otherwise acquire, to hold, own, mort gage. pledge. sell. assign and transfer. or otherwise dispose of, to invest, trade, deal in and deal with goods, wares and merchandise and property of every class and description.
 (53) To acquire the good will, rights and property. and to undertake the whole or any part of the assets aud liabilities of any person, firm. assocla- ton or corporation. and to pay for the same in cash. stock of this company. bonds or otherwise.
 (54) To enter into. make, perform and carry out contracts of every kind. with any person. firm. association. corporation. withnrx limit ss to amount, to draw, make, accept. en- dorse. discount, execute and issue prcmissory notes, bills of exchange. warrants. bonds, debentures and other negotiable or transferable instru- ments.
 (55) To do any ar all things herein set forth as objects, purposes. powers or otherwise, to the same extent and as fully as natural persons. might or could do, as agents. trustees, CT in conjunction with any other person, firm, association or company or other wise, and in any part of the world. t56) To conduct lts business in all Its branches, and to nave one CT more | offices; to carry on all or any of its operations and business. and unlimit- edly and without restrlction 10 hol1, purchase. mortgage, lease and convey real and personal property, and to con- duct its business in any territory. state or colony of the United States, and in any foreign country or place, but sub ject always to the laws thereof.
 (5D Subject to the provisions of law, to purchase, hold and reissue tn. shares Of it's capital thereof.
 IN GENERAL, and in connection with ahe foregoing, to carry on any business, whether mining, manufac- turing or otherwise, and to have and to exercise all the powers mentioned in this charter, and all other powers not absolutely prohibited by the laws of the territory of Arizona; 1t being hereby expressly provided that the | foregoing enumeration ot specific | powers shall not be held to limit or restrict, in any manner, the powers of the corporation, which shall have full power to do all and everything neces
 sary, suitable, convenient or proper for the accomplishment of any ot the purposes, or the attainment of any one or more of the objects herein enumerated, or of the powers herein named, or which shall at any time ap- pear conducive or cxpedient for the protection or benefit of the corpora tion, either as holder of, or interested in, any property or otherwise.
 It Is the intention that the objects and powers specified, and clauses con- tained in this third article shall, cx- cept where otherwise expressed in said article, be nowise limited or restricted by reference to. or inference from the terms of any other clauses of this or any other article, paragraph or clause in this charter. but that the objects and powers specified in each of the clauses of this article shall be re- garded as Independent objects and powers.
 Fourth: The total authorized cap ital stock O. the corporation Is Thirty Million Dollars ($30, 0,000,000), divided into One Million Two Hundred Thou sand d,200,0OO) shares of the par value of Twenty-Five Dollars H25) each. Of such tctal authorized capital stock, Four Hundred Thousand (400.- 000) shares, amounting at par to Ten Million Dollars s10,Oo0.000) shall be preferred stock, and Eight Hundrcl Thousand ts0o,0O0) shares. amounting at par to Twenty Million Dollars C$20, ,000, ,000). shall be common stock. The rights, privilegeJ and conditions following, shall attach to the shares aforesaid, that k to say: The pre- ferred stock shall have prior lien to that of the common stock upon the en-