Arizona republican., 1901-03-23

with all other minerals ana substances of whatever nature and by whatever name known. contained in said land.
 To cut. sell and deal in wood, tan bark. lumber and timber. and to en- gage in the manufacture of lumber.
 To buy or otherwise acquire, produce, deal in, handle, own. refine, sell, or otherwise dispose of mineral oils. pe- troleum. gss. cnal. asphaltum. liquid bit''r<fl and o'Her similar products, to.s ,ner with &' other mineral sub stances whateve. tlso tan bark. wood, lumber, timbers ;,rl water. agricultu- ral products, and ! rsonal property of every nature and l.. ,d.
 To construct, buy, )r otherwise ac- quire, hold, maintair, operate, sell, lease, or otherwise dispose of. tele- phone and telegraph, lines, refneries, tanks, reservoirs, pipe lines, tramways, roads. and other highways, for carry Ing. transporting, and conducting, s,orlng and refining of oil, gas, water and fluids of every description, coal, wood, tan bark, lumber and all other minerals and substances.
 To purchase and otherwise acquire water rights and appropriate water un- der the laws of the United States and the Territory of Arizona or any, other state of this union; and to excavate and mine for. and deal in, and sell, or otherwise dispose of water.
 To purchase, acquire, sell. and dis pose of, hypothecate, mortgage, ex- change and convey, and accept convey ances of real estate for refineries, warehouses, pipe lines, power and cleo trical lines highways, rights of way, and for the purposes of agriculture, 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 al articles of commerce, and in the business of hotel and inn-keep- ing.
 To do a general real estate and mer- yhandise business.
 To sell mines. oil wells. and stocks of this corporation and to acquire, own cell, or dispose of, p:edge and hypothe. cate the capital stock and bonds of other corporations or interests therein, to purchase, own, hold and sell secur- ties. bonds and stocks of every de- scription.
 To borrow money and pay interest on tho S n m piu ri fhapafnr f. issue bonds. and secure the same by mortgage on the franchise. works. 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 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 (s600.000) di- Vided into Six Hundred Thousand shares (60O,0O0) of the par value of One Dollar ($1.0O each. One-half of said capital stock. to-wit: Three Hundred Thousand (300,00O) 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 (3O0,O0O) 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 by the hoard of directors Of the corporation. All of the stock of this corporation Is 10 be forever non- assessabe for any and every purpose.
 VI. The time of the commencement of business of this corporation will be | the date of the filing of these articles l of incorporation in the office of the re- corder of the County of Maricopa, Ar!- | zona Territory. and the termination thereof shall be twenty-five (25) years 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 board of directors to be elected annually by the | stockholders 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 of | as mass meeting of | such stockholders can be convened, the | present board serving until the next annual election, or until their success | sors are qualified. No person is eligible | to be director of this corporation who | Is not a stockholder thereof. and any director ceasing to be a stockho,der. | the office at once becomes vacant, and | may be filled by the board of directors | at their next meeting.
 VIII. The highest amount in indebt- | edness this corporation may incur for any purpose shall not exceed twenty i've thousand dollars.
 TX. The private property of the stockholders of this corporation shall