Arizona republican., 1902-09-12


 trade-rights and other rights and fran chises of every kind and nature for use in the business of the company or oth- erwise.
 To acquire by purchase. lease or oth- erwise, and to hold, use, deal in, sell mortgage, lease or otherwise dispose Of in the business of the company, or oth- erwise, any lands and any rights and estates therein, buildings, mills, plant, machinery and property. real and per sonal, of every description, including all kinds Of merchandise and goods and to erect and maintain or recon struct and adapt buildings, mills, plant and machinery and other things found necessary or convenient for the pur- poses of the company
 To develop, use, promote and deal in the property patents, patent rights, inventions, secret processes, trade marks, trade rights and ether rights and franchises of the company, and to grant licenses to use the same to any person or persons, company or compa- nies whatsoever; and to manufacture, buy, sell, hire, lease, let and deal in engines and systems Of steam engineer ing and all machinery for the use Of power of all kinds, and to obtain, ac- cept and use all permits and frar .hisee, municipal or otherwise.
 To acquire by purchase, pledge or in any way whatsoever, and to hold, reg ister, use and own, and to sell, lease, pledge or otherwise dispose of, shares of stock, dcbentures, bonds and ether securities of every kind of and in any other corporation or corporations of any nature whatsoever, public or pri- vate domestic or foreign, whether ex- isting under the laws cf the United States, or oi any state or territory therein. or any foreign state or coun- try whatsoever.
 To acquire and undertake the good will property. rights and assets, and the liabilities of any person, firm, as sociation or corporation, and to pay for the sane in cash, stock or bonds of the corporation or otherwise.
 To enter into, make, perform and carry out contracts Of every kind and for any lawful purpose with any per son, firm, association or corporation.
 To borrow or raise money to the amount of Six million and six hundred thousand dollars CS6,6GO, OOo.0O by the issue of or upon warrants, bonds. de- bentures, and other negotiable or transferable instruments or otherwise.
 To purchase. hold and reissue the shares of it's capital stock.
 To conduct business in any oi the states, territories, colonies or deperd- encies O. the United States, in the Dis trict Of Columbia, and in any and all foreign countries, to have one or more offices therein. and therein to hold, pur- chase, mortgage and convey real and personal property without limit as to amount. but always subject to local laws.
 To do any or all of the things herein set forth to the same extent as natural persons might or could do, and in any part of the world.
 The foregoing clauses shall be con- etrued both as objects and powers; and it is hereby expressly provided that the forego, ag enumeration of specific pow CTS shall not be held to limit or re- strict in any manner the powers of the corpora ton.
 Tn general. to carry on any other business in connection with the fore going. whether manufacturing CT otherwise. and to have and to exercise all the powers conferred by the laws of AfIZOQa upon GOTDcIdIlJlS-
 III. That the amount of capital stock authorized is Ten Million Dollars ($10 900 ,O0O.G0) and the number of shares into which it is divided is One hundred thousand of the par value of One Hun dred Dollars (s100.0O) each.
 ". That the said corporation shall endure for a period of twenty five years.
 " The affairs of said corporation shall be conducted by q board of di rectcrs and such other officers as shall be provided for by the bylaws of the company to be adopted by the incorpo- r2tors thereof. The directors of the company shall be regularly elected by the stockholders in the manner ana subject to tho regulations to be pr0~ vidod for in the bylaws, but the in corporators shall, at their first meet ing. elect the directors who are to held office until the first annual election by the stockholders. The board of li- rectors shall have power to fill vacar- cies in it's number for the remainder of the unexpired term. in such manner as may be prescribed in the bylaws.
 VI. That the highest amount of in debtedness or liability to which the corpora ton is at any time to subject itself is six million and six hundred thousand dollars (sc,6O0, ,O00.O0)
 VII. That the private property of each officer and stockholder of said corporation shall be exempt from all corporate debts and there shall be no individual liability whatever on the part of either directors or stockholders Of the said corporation.
 VIII. Tn" capital stock of the said corporation may be issued by the di- rectoTs either for cash or for property rights, patents. or franchises of q val uable equivalent, in the judgment Of such directors, of the stock so issued and such stock when so issued shall be deemed to be in all respects and for all purposes full paid and non~assess- able.
 IN WITNESS WHEREOF We have hcreunto set our hands and seals this thirty-frst day of July, A. D. 1902.
 FREDERICK M. C. CHOATE (SeaD
 FRANCIS R. FORAKER (SeaD
 ADAM K. LUKE (SeaD