Arizona republican., 1901-10-12


 to that end to acquire. hold, own and dispose of any and all property assets stocks and bonds and rights of any and every kind in accordance with the laws of the state, territories and counties where the company may operate.
 To promote and take stock in manu- featuring companies and corporations of all kinds.
 To acquire by purchase, subscription or otherwise. to guarantee and to hold or dispose of stocks, bonds, loans or any other obligations of any corpora tion or person or firm.
 To hold for investment or otherwise, to use, sell or dispose of any stocks bonds or other obligations of any such other corporation or firm ito aid in any manner any corporation whose stock, bonds other obligations are held or in any manner guaranteed by this com pany. and to do any other acts or things for the preservation, protectior. improvement or enhancement of the value of any such stock. bonds or other obligations: or to do any acts or things designed for any such purpose. and. while owner of any such stock. bonds or other obligations. to exercise all the rights. powers and privileges of owner ship thereof. and to exercise any aui all voting power thereon.
 To establish and support schools coi- lcges. sanitariums and benevolent. charitable and missionary societies: n promote art, literature. science ani Christianity and to elevate and ad- vance the> condition of mankind throughout the world.
 The business or purpose of the com- pany is from time to time to do any one or more of the acts and things herein set forth.
 The stockholders by bylaws may di- vide and separate the different opera tions and classes of business of the company into divisions or sections ac- cording to separate locations or classes of business and each section or kind of business or division may have and con tain amount and kinds or shares of stock or bonds set aside for said sec tions especial or separate use and said stock or bonds may be used for th.. promotion and development of said section or class of business. and each section. class or division is first to be liable for it's own taxes, costs and ex- penses. separate from the other sec tions, classes or divisions or the gen. eral company or corporation.
 The company may conduct it's bust ness in any State or Territory and n any foreign country and may exercise beyond the Jurisdiction of this common wealth such franchises and powers as may be granted to or conferred upon the said company by any foreign gov ernment. State or Municipality.
 Without in any particular limiting any of the objects and powers of the corporation it is hereby expressly de- ciared and provided that the corpora ton shall have power to issue bonds and other obligations. in payment Cor property, franchises or services pu-- chased, acquired or received or rem dered to said company or for any other object in CT about the business of this said corporation, to mortgage or pied go any stocks, bonds or other obligations or any property which may be ac- quired by it to secure any bonds or stocks or other obligations by it issued or incurred. to guarantee any stocks. bonds, dividends or contracts or other obligations: to make and perform any kind and description of contracts and to do any and all other acts and things and to exercise any and all other pow CTS in carrying on it's business or fer the purpose of attaining or furthering any of it's objects which a copartner- ship or natural person could do and exercise, and which is or hereafter may be authorized by law.
 Of the total authorized capital stock one-half shall be preferred stock and one-half shall be common stock.
 From time to time the preferred stock and the common stock may be increased according to law and may be issued in such amounts and propor- tions in the general company and in the different sections or divisions as shaii be determined by the Board of Direct ors, subject to the consent of and tho consent given in writing and filed by the holders of fifty-one per cent of the stock and as may be permitted by law. The holders of preferred stock shall be entitled to receive when and as de- clared from the surplus or net profits Of the company yearly dividends at the rate of seven per centum per annum- The dividends on the preferred stock shall be cumulative and shall be pay l able before any dividends on. the com mon stock shall be paid or set apart.
 In the event of any liquidation ar dissolution or winding up (whether vol untary or involuntary of the company. ! the holders of the preferred stock shall | be entitled to be paid in full both the par amount of their shares and the un- paid dividends accrued thereon. before any amount shall be paid to the hold i CTS of the common stock.
 1 All stock may be voted by the owner or party to whom it has been regularly ' allotted and in whose name it appears 1 on the minute book of the secretar.7 2 of the meetings of the corporators O: company. l Unless authorized by votes given in person or by proxy by stockholders 1 holding at least fifty-one per cent of the | capital stock of the corporation and | which must be represented and voted upon in person or by proxy at a meet | ing specially called for that purpose or at an annual meeting. The Board | of Directors shall not mortgage or l pledge any of it's real property or any l of it's treasury stock or any shares Oi the capital stock of any other corpo- ration, but this prohibition shall not D, construed to apply to the execution oi ] larn irI.la a