Arizona republican., 1901-02-09

| privileges of ownership, including the right te vote on sock to the same ex- tent as natural person might or could | do.
 (4s) erhe 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. a, without limit as to amn"~., ss we. IS 10 secure the same t.: u.ortgage, pI, ;e or otherwise.
 t50) TO guaral 9e the payment Of dividends or int, st on any shares, stock. debentures IT other securities issued by, or any ot ar contract or ob- ligatlon of, any cor ration whenever proper or necessary for the business of | this corporation, iR th opinion of the | directors or the executive committee. | (5D IO purchase, lease, exchange. hire, or otherwise acquire, any and 3ll | rights, privileges, permits or fral- ! chises, suitable or convenient for any | Of the purposes of ass business; to erect and construct, make, improve or | aid or subscribe toward the construc- ton, making and improvement of mills. factories, store- houses, buildings. roads, cocks. piers, wiiarves. houses for employees and others. and works of all kinds: and in conjunction with ard 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 .hc stock of corporation formed or to be formed. for the purpose, under the laws of such territory, state or country. | (52) To manufacture, purchase, or otherwise acquire, to hold, own, mort gage. pledge. sell, assign and transfer, or otherwise dispose of, 10 invest, trade, | deal in and dead with goods, wares and merchandise and property of every class and descripticn
 (53) To acquire tfie good will, rights and property, and to undertake the whole or any pa:t of the assets aud liabilities of any person, firm, assocla- tion or corporation. and to gay for the same in cash, stock of this company, bonds or otherwise.
 l 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 promissory notes, bills of exchange, warrants, bonds, debentures and other negotiable or transferable instru- ments.
 (55) 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, or in | conjunction with my other person, | firm, association or company or other wise, and in any part of the world. | (j6) To conduct itg business in all i its branches, and to nave ono or more offices; to carry on all or any of its operations and business, and uniinit- edly and without restriction to hold, ruschase, mortgage. lease and convey real and personal property, and to con | duct its 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. f to purchase, hold and reissue th> shares of its capital thereof.
 l IN GENERAL, and in connection with the foregoing. to carry on any 1 businoss, whether mining. manufac- 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; it being | hereby expressly provided that the 1 foregoing enumeration ot specific | powers shall not be held to limit or restrict. in any manner. the powers of the corporation. which shall have full power to do all ana everything naces sary, suitable, convenient or proper for the 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 aD- l pear conducive or cxpedent for tine protectiol or benefit of the corpora | tlon, either as holder of, or interested in, any property or otherwise. It is the intention that the objects and powers specified, and clauses con-
 
 cept where otherwise expressed in said | article he nowise limited or restricted | by reference to, or Inference from the terms of any other clauses of this or any other article. paragraph or clause | in this charter. but tliat the objects and powers specified in each of the | clauses of this article shall be re- garded as independent objects and powers.
 Fourth: The total authorized cap- | ital stock O. the corporation is Thirty Million Dollars G30,000, ,0O0), divided into One Million Two Hundred Thou sand Q,200,000) shares of the par value of Twenty-Five Dollars S25) each. Of such toaal authorized capital stock. Four Hundred Thousand (400,- 000) shares amounting at par to Ten Million Dollars (sl0,O00G00) shall be preferred stock, and Eight Hundred Thousand (s0o,OoO) sbares. amounting at par to Twenty Million Dollars ($20. 900, ,000). shall be common stock.
 The rigkis. privileges and conditions Following, shall attach to the shares aforesaid, that is to say: The pre- ferred stock shall have prior lien to that of the common stock upon the en- tire assets of the corporation, and