Arizona republican., 1901-03-21
Sihandise business.

yhaudise business.
 To sell mines, oil wells. and stocks of this corporation and to acquire, own eell, 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 securi- ties. bonds and stocks of every de- scription.
 To borrow money and pay interest on the same, and give security therefor to 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 other things necessary or proper. and 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 tS600,OOO) di- vided into Six Hundred Thousand shares (600. .0O0) of the par value of One Dollar (s1O0) each. One-half of said capital stock. to-wit: Three Hundred Thousand (300,0O0) shares. shall be is- he l, m a n 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 ana mining claims and lands conveyed by them to this corporation. The balance of said stock, to-wit: Three Hundred Thousand (300,0O0) 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 De determined by the board Of directors Of the corporation. All of the stock Of this corporation is to be forever non assessable for any and every purpose.
 VI. The time of the commencement
 
 the date of the filing of these articles of incorporation in the office of the re- corder of the County of Maricopa, Ari- zona Territory. and the termination thereof shall be twenty-five t25) years thereafter, 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 thlrd Tuesday of March of each year. the present board being elected as soon after the adoption of these articles or ! incorporation as mass meeting or such stockholders can be convened, the present board serving until the next i annual election, or until their success | sors are qualified. No person is eligible | to be director of this corporation who is not stockholder thereof. and any director ceasing to be a stockho!der. 1 the office at once becomes vacant, ana may be filed by the board of directors at their next meeting.
 VIII. The highest amount in lnuept- l edness this corporation may incur for any purpose shall not exceed twenty | five thousand dollars.
 TX. The private property of the stockholders of this corporation shall be exempt from and not liable in any case for any of the debts created by this corporation.
 l X. The board of directors of this corporation at the time of its organi- I zation shall consist of seven members
 who shall have power to elect a presi- dent, vice-president. and secretary and
 treasurer from their own number; also ' to make bylaws, rules and regulations