Arizona republican., 1902-02-19

commercial obligation.
 lJ. To enter into. make. perform and carry out contracts of every kind for any lawful purpose with any person, firm, association or corporation.
 16. To remunerate any corporation or person for services rendered or to
 be rendered in placing or assisting to place. or guaranteeing the placing of any shares of stock or any debentures CT other securities of this corporation or doing anything with respect to the formation or promotion of this corpo- ration. or with respect to the conduct of it's business, except that this para graph shall not be construed as au- thoriZinE the corporation to engage in any business of the character and ma ture of a title, trust or banking com pany or other company doing business under special law. subject to the pro visions of law 10 purchase. hold and reissue it's debentures or bonds, or shares of it's capital stock.
 r. TO purchase, hold. own. manu- facture sell. let. lease. exchange mortgage and hypothecate any and all kinds ot timber. logs. lumber. shingles and to buy. hold. owi. lease. sell mortgage and exchange timber claims timber lands. timber rights. standing or fallen trees. and to acquire mill sites and to erect and operate saw mills rlaring mills. dry sheds and box fac tories. coal bunkers, and to deal in all manufactured products of lumber. To engage in ereo ton. completion and construction or houses. dwellings. resi- dences. stores and store buildings Wharves. docks and fumes. To buy. sell, exchange and mortgage. any and all of said struC lures. or dwellings. and 10 do any and everything necessary. proper, or convenient. and to acquire. own. develop. and dispose of buildings. lots and town sites. and generally tJ have. enjoy. possess all and every Of the rowers, rights and privileges herein set forth and to fully and completely carry out the said purposes and ob- jects above specified in their fullest and broadest sense.
 THIRD: The authorized amount of capital stock of this .r"rporatio shall be One Million Dollars ,sl .oGn. .nop dI- Ni,!cI into one hundred thousand s!I.tr..s "i th" par value "l Ten Dollars t$lo.rul each. At such tim" as tHr Board uT Directors may by rcSnIuj ion direct said capital stock shalI Ur paid into this corporation either in cash OF by the sale and transfer to it of real or per sonal property for the uses and pllr- poses of said corporation. in payment
 
 said corporation may be issucd and the capital stock SO issued snail thcreupon and thereby become and be fully paid Ep and Eon-assessabla. and il the ab- Sence of actual fraud in the transac- tion the judgment of the Directors as to the value Of the property purchased shall be conclusive.
 FOURTH: The time of the com mencement of this corporation shall be the date of the fling of these articles of incorporation in the office of the Secretary or Arizona, and the termina- tiOn thereof shall be -uty-liVe years thereafter.
 FIFTH; The affairs of this corpora- tiOn shall Lc conducted Dy Board of
 Directors. and the following named shall constitute the Board of Directors until their successors are elected: Charles W. White. A1el Ci John T. Lowther. Edward S Churchill. John \. Bradley. Walter Church. Thereafter t;.e Board of Di- rectprs shall be elected from among the stockholders as the bylaws of the may provide.
 SIXTH: The highest amount Of in debtedncss or liability, direct or con- tingent, to which this corporation is at any time subject shall be Five Hun dred Thousand dollars (s5C0.0Cc).
 SEVENTH: Thc private property or the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 IN WIT& Es;S WHEREOF. We have hereunto set our hands and seais this
 - day Of --. 19O-.