Arizona republican., 1901-03-19

numbering. and any other purpose or business of the company. To purchase or otherwise acquire, and give, grant and sell, rights of way | and easements as may be necessary
 and proper for the company's busi- ness.
 To build. purchase, construct, own, ! and operate steamships or ships or
 vessels of any kind
 To engage in the manufacture of | any and all articles of commerce, and in the business of hotel and keep I ing.
 To do a general real estate and me:
 chandise business.
 To sell mines, oil wells, and stocks of this corporation and to acquire, own cell, or dispose of, pledge and hypothe-
 cate the capital stock and bonds of | other corporations or interests therein, to purchase, own, hold and sell securi-
 ties. bonds and stocks of every de- scrlption.
 To borrow money and pay interest on the same, and give security therefor, to
 issue bonds, and secure the same by
 mortgage on the franchise. works. l property. income and revenues of the
 corporation, or property belonging to
 this corporation.
 To engage in the general transmits
 sion. distribution and disposal of elec- tricity To utilize water and electric ity in the creation and production of
 mechanical power and light and to
 transmit. sell. and dispose of the
 same.
 To buy, sell own, hold, such personal and real property as may be necessary for the purposes of this corporation. and generally to do and perform all other things necessary or proper, and incidental to any of the purposes above Set forth
 V. The amount of the capital stock
 of this corporation shall be Six Hun
 dred Thousand Dollars (s6Oo,OOo) di- vided into Six Hundred Thousand
 shares (6OOO0O) of the par value of One Dollar sl .0O) each One-half of said
 capital stock, to-wit: Three Hundred Thousand (3O0,000) shares. shall be is- sued to the individuals hereinaboVe named as incorporators of this corpo-
 ration fully paid up as their interests
 may appear upon the subscription
 books of this company, in consideration
 of the payment of money paid in and
 mining claims and lands conveyed by
 them to this corporation The balance
 of said stock, to-wit: Three Hundred Thousand (300.000) shares shall be is-
 sued fully paid up and deposited in the treasury of said corporation. to be sold or otherwise disposed of for the. benefit of the corporation as may be determined by the board of directors or the corporation. All of the stock or this corporation Is 10 be forever non assessable for any and every purpose VI. The time of the commencement
 of business of this corporation will De the date of the filing of these articles of incorporation in the office Of the re- corder of the County of Maricopa, Ari- zona Territory. and the termination thereof sha,l be twenty-five t25) years thereafter, unless sooner wound up by the legal form of law in Arizona Ter ritory.
 VII. The affairs of this corporation shall be conducted in accordance with the bylaws established by a board or directors to be elected annually by the stoe kh6,ders of the company, said an- nual election to be held on the third Tuesday of March of each year. the
 present board being elected as soon
 after the adoption of these articles or incorporation as a mass meeting of ' such stockholders can be convened, the present board serving until the next annual election. or until thelr succes- sors are qualified No person Is eligible to be a director of this corporation who is not a stockholder thereof. and any
 director ceasing to be stockho'uer. the office at once becomes vacant ana may be filled by the board of directors at their next meeting.
 VIII. The highest amount in indept- 1 edness this corporation may incur TOT any purpose shall not exceed twenty 1 five thousand dollars.
 TX. The private property of the
 stockholders of this corporation shall
 be exempt from and not liable in any I case for any of the debts created py this corporation.
 | x. The board of directors of this corporation at the time of its organl-
 Zation shall consist of seven members
 who shall have power to elect presl- | dent. vice. president. and secretary and [ treasurer from their own number; also | to make bylaws rules and regulations not inconsistent with the laws of the l United States or the Territory of Ari- zona, necessary to carry into execution
 and manage the affairs of this com | pany.
 ! Tn witness whereof, We have hereun- 1 to set our hands and affixed our seals | this 27th day of February, A. D., 1901 | Names of Amt. of
 Incorporators. shares stock ] Charles F. Hale...,..... 30,0OO 3o,OOO A. H. Castle. e............. 3O,OeO 3O,090 1 Frank Reese. ........ 3O,OO0 3O,OOO | F. H. Foote. te............. 60,OOO 60,GO0
 F. C. Baker. 50. 900 60, 900