Arizona republican., 1901-10-15

l 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 the l 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 con
 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 i section or class of business. and each
 section. class or division is first to be liable for it's own taxes. costs and ex- l penses. separate from the other sec | tions. classes or divisions or the gen.
 eral company or corporation. The company may conduct it's bust ness in any State or Territory and i1 any foreign country and may exercise beyond the jurisdiction of this common | wealth such franchises and powers as may be 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 | corporation 1t is hereby expressly de- Nidi Su dHu pIONlutu that lne COrpOTd- tion shall have power to issue bonds and other obligations. in payment sor property, franchises or services pu=- 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 pledgC any stocks, bonds or other obligations or any property which may be ac- quired by it to secure any bonds or I,a aI.I l<,r; or incurred. to guarantee any stocks. bonds. dividends or 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 DOW CTS in carrying on its business or fer 1 the purpose of attaining furthering any of it's objects which n copartner- ship 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 timN to time the preferred stock and the common stock may be 1 increased according to law and may be issued in such amounts and propor- lions In the general company and in the different sections or divisions as shaii | ors. subject to the consent of and tho 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 he cumulative and shall he able before any dividends on the com mon stock shall be paid or set apart. In the event of any liquidation or dissolution 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 it 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 C 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 or | pledge any of its real property or any J of it's treasury stock or any shares Of the capital stock of any other corpo- ration. but this prohibition shall not o, construed to apply to the execution of any purchase money, mortgage or any other purchase. money, lien but the owners of fifty-one per cent of the stock may control and instruct and may direct the directors but it must he | by written instrument signed. ac- [ knowledged and filed and duly recorded ! in the minutes of a meeting of the
 company.
 1 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
 CSeal)
 JOHN CHRISTIAN WOLFRAM l (Seal)
 Attest: GEO. E. ALTRI
 l State of Pennsylvania County of Ale 1 gheny. ss.
 | On this 2nd day of October in the year 1901. before me. George F.. Altri a Notary Public in and for the state and county aforesaid. residing therein, duly commissioned and sworn. person. ally appeared Richard Douglas Coulter. George Lyon Heron. and John Chris 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.
 In Witness Whereof | have hereunto
 set my hand and affixed my official
 seal at my office in the said State and 1 C-aiInt1r the 1aN nd a st ahnva