Arizona republican., 1901-02-08

privileges of ownership, including the right to vote on sock to the same ex-
 tent as natural person. might or could do
 (4O The corporation shall have ex-
 press power, as fully as an individual
 might do, to issue bonds. debentures
 and evidences of indebtedness of all kinds. whether secured by mortgage or
 otherwise. CT without limit as to are'iri, as W., as to secure the same
 ly mortgage, p.t ge or otherwise (50) To guara zee the payment of dividends or in, est on any shares,
 stock. debentures or other securities
 Issued by, CT any O. her contract or ob-
 ligation of, any co. oration whenever
 proper or necessary ifr the business of
 this corporation. in t.ie opinion of the
 directors or the executive committee.
 (5D To purchase. lease, exchange,
 hire. or otherwise acquire, any and sll
 righ;s, privileges. permits or fral-
 ehises. suitable or convenient for any
 or tho purposes of tts business. to
 erect and construct. make. improve or
 aid or subscribe toward the construc-
 tion, making and improvement of
 i'''i's aoeiOitNst
 roads. 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 ownership of .he stork
 of corporation formed Or to he
 formed. for the purpose, under the laws
 of such territory, state or country.
 (s2) To manufacture, purchase, or
 otherwise acquire. to hold, own. mort rage. 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.
 t53) To acquire the good will, rights and property. and to undertake the whole or any ra:t of the assets and liabilities of any person. firm,. assocla- ton or corporation, and to pay for the same in cash, stock of this company, bonds or otherwise.
 (5D To enter into, make, perform and carry out contracts of every kind, with any person. firm. association, corporation. without limit ss to amount, to draw, make. accept, en- dorse, discount, execute and issue prcmissory notes. bilis of exchange, warrants. bonds, debentures and other negotiable or transferable insru- ments.
 t55) To do any or all things herein set forth as objects, purposes. powers or otherwise. to the same extent and az fully as natural persons might or could do. as agents, trustees, CT in conjunction with my other person, firm, association or company or other wise. and in any part of the world.
 d56) To conduct its business in all It's branches. and to nave one or more offices; to cbrry on all or any of lts operations and business, and unlimit- edly and without restriction to hold, purchase. mortgage, lease and convey real and personal property, and to con- duct it's 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.
 (bO Subject to tha provisions of law, to purchase, hold and reissue th> shares Of its capital thereof.
 IN GENERAL. and in connection with ahe foregoing, to carry on any business. whether mining. manufae- 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. whlch shall have full power to do all and everything neces. sary, suitable, convenient or proper for rhe accomplishment of any of 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 lion. either as holder of, or interested | In, any property or otherwise.
 1t Is the intention that the objects | md powers specified, and clauses con- tained In this third article shall, ex- ,ept where otherwise expressed in said | irticlt, be nowise limited or restricted | oy reference to, or Inference from the -erms of any other clauses of this or my other article, paragraph or clause n this charter, but tiat the objects .nd powers specified in each of the ,lauses of this article shall be re- sardec as independent objects and lowers.
 Fourth: The tGa authorized cap tai stock O. the corporation is Thirty Million Dollars (s3O, O,OOO.O .O0O). divided nto One Million Two Hundred Thou and u,200,0o0) shares of the par value # Twenty-Five Dollars ($25) each.
 or such total authorized capital tock. Four Hundred Thousand (4OO.- o0) shares, amounting at par to Ten Million Dollars ($1O,OO0, OOO), shall be stock, and Eight Hundrcl thousand (S00,000) shares. amounting | par to Twenty Million Dollars $2o, ,000 00e), shall be common stock.
 The righ,s, privileges and conditions blowing. shall attach to the shares foresadd. that is to say: The pre- erred stock shall have prior lien to hat of the common stock upon the en- ire assets of the corporation. and hall be redeemed in full. at par. with