Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1901-08-26

and other agencies and means of light
ing. heating and motive power, and the
using. selling, renting, leasing, bonding
and otherwise disposing OF the same;
to do general real estate and nier-
camille business ITO own and control
letters patent and Inventions; and the
doing and performing of any and all
other acts not inconsistent with the
laws OF the Territory Of Arizona. made
and provided for the government of
corporations.
III. The amount Of the capital stock
OF this corporation shall he Two Mil
lion t$2.000.00O) Dollars. divided into
Two Million t2.000,O O0) shares Of the par
value of One % Dollar each; each fully
paid up and forever worcestershire:
and that there shall be issued immed-
ately after this incorporation is formed
and created. one ~ share Of the said
capital stock OF said corporation to each
or the individuals named above as in
corporators OF this company; said stock
so issued to these individuals being
fully paid up by them and each OF them,
and that said stock and that all stock
to be hereafter issued by this corpora
ton and Directors and Officers thereof,
shall be non assessable for any purpose
whatever; and that all OF said stock
shall be paid for Immediately when is
sued by this corpora ton, and upon de-
livery to the purchasers thereof. Among
the powers OF this body corporate shall
be- TO have perpetual succession; to
sue and be sued by It's corporate name:
N al a,,J oil Ia
at PLEASURE to prescribe the mode of
making transfers of stock or interests
of its stockholders; to make contracts,
to acquire and transfer property OF
every kind and description, both real
and personal, and 20 possess the same
powers in such respects as private in
dlyiduals now enjoy: to establish by
laws and make all rules and regulations
deemed expedient for the management
of its affairs. not inconsistent with the
laws and Constitution of the United
States and the laws of the Territory of
Arizona.
". The time OF the commencement
Of this corporation shall be the date of
the fling of these Articles of Incorpo-
ration, In the office of the Secretary of
Arizona. and the termination thereof,
shall be twenty-five $3.50 years there
after
V. The affairs of this corporation
shall be conducted in accordance with
the bylaws established by Board OF
Directors to be elected annually by the
stockholders OF this company, said an
nual election shall be held on the second
Tuesday of July of each year: the pres
ent Board being elected as soon after
tn adoption of these Articles of Incor-
poration as q meeting of such stock
holders, can be convened the present
Board serving until the. next annual
election. or until their successors are
qualified. No person is eligible to be
Il Director who is not stockholde:
thereof. and any Director ceasng to be
a stakeholder the Office at once becomes
vacant and may be filled By the Board
OF Directors at their next meeting.
VI. The highest amount of indebted
ness or liability direct or contingent to
which this corporation is at any time to
subject itself or may incur for any
purpose shall not exceed over Ten
Thousand (sl0000) Dollars.
VII The private property of the
stockholders of this corporation shall
b. exemp; from AMI not liable in any
case for any of the debts created by this
corporation
VII. Tho Board of Directors of this
corporation Mt the time of its organiza-
1ion shall consist of nine (9) members,
who shall have power to eject the Pres
iden,. First Vice-President. Second
Vice President. Secretary and Assistant
Secretary. from their own number; also
to make bylaws, rules and regulations
necessary TO carry into execution the
affairs of this company; nothing shall
he inconsistent with The laws Of the
United States or the Territory OF Ari-
IONA.
IN WITNESS WHEREOF. we have
hereunto set our hands and seals this
Twenty-second day of June. Nineteen
Hundred and One.
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