Arizona republican., 1901-10-11

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 hoi,l
 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 or ether obligations are held pr
 in any manner guaranteed by this com pany. and to do any other acts or
 things for the preservation. protection
 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- leges. sanitariums and benevolent. charitable and missionary societies: ,1 promote art. literature. science anf Christianity and to elevate and ad- vance the condition of mankind throughout the world
 The business or purpose of the cont pany is from time to time to do any one or more of the acts and things hersin set forth.
 The stockholders by bylaws may di- vide and separate the different opera tions and classes of business of tn. company into divisions or sections nC- 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 sail stock or bonds may be used for the promotion and development of said section or class of business. and each section, class or division Is first to ba 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 i1 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 tio1 shall have power to issue bonds and other obligations, in payment for property. franchises or services pur- 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 pledge 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 its business or for 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 CDe-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 thu
 l.. the holders of fifty-one per cent of the, stock and as may be permitted by law. The holders of preferred stock shall be 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 able before any. dividends on the com mon stock shall be paid or set apart.
 In the event of any liquidation or 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 CTS of the common stock.
 All stock may be voted by tha owner or party to whom it has been regularly allotted and in whose name it appears on the minute book Ce the secrctarF of the meetings of the corporators O: 
 Unless authorized by votes given in person or by proxy by stockholders 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 meet ing specially called for that purpose. or at an annual meeting. The Board of Directors shall not mortgage or pledge any of its real property or any of it's treasury stock or any shares of the capital stock of any other corro- ration. but this prohibition shall not o. construed to apply to the execution of any purchase money. mortgage or any