Arizona republican., 1902-12-30

shares of stock held by it to the same extent that q natural person might or could do; to construct erect, build, buy, sell, operate or dispose of bridges, water | works, smelters, concentrators or other property. to construct, erect. build. buy. sell, operate, and dispose of any rail road, tramway, turnpike or canal as may be necessary to lead from the principal works or place of business Of the corporation to any existing naVi- | gable stream or any existing railroad. turnpike or public highway and to do all and every act ana thing necessary, incident or pertaining to the foregoing articles of incorporation and in gen eral to do all things necessary and proper in the conduct of the business of this corporation in the Territory or Arizona or in any other Territory or State CT district of the United States of America, or in any foreign country not inconsistent with the laws Of the United States and the Territory or Arizona.
 Third: The authorized capital stock of this corporation shall be One Mil lion Dollars ($1, ,OOO. .OOO.OO) divided into one million Q.OOO. .OOO) shares or the par | Ndlue Ol One DOlldf lSl.UU) edcn. AL such times as the Board of Directors may by resolution direct, said capital stock shall be paid into this corpora i tion either in cash or by the sale, or transfer to 1t of real or personar prop erty for the uses and purposes of said corporation, in payment of which. | shares of the capital stock of said cor poration may be issued and the capital l Cfn hal thereby become and be fully paid up and non -assessable and in the absencs of actual fraud in the transaction. the judgment of the Board of Directors as to the value of the property purchased. | shall be conclusive.
 Fourth. The time of the commence ment of this corporation shall be the date of the filing of these articles of incorporation in the office of the secre- tary of State of Arizona and the dura- tion thereof shall be twenty-five (25J years.
 Fifth: The affairs of this corpora | tion shall be managed and conducted by board of , directors, who shah be elected on the first Tuesday in the month of October in each year and the officers of this corporation shall be . president, vice president, secretary. treasurer and attorney. The following s named shall be the board of directors for the year ending the first Tuesday in the month of October, 1903. and until their successors are elected and quail fled: Louis C. Masten, G. H. N. Luhrs, J. NJ. Swetnam, Arthur J. Edwards. C. $. Scott, and the officers of said corpo- ration for the year ending on said first l elected and qualified are Louis C. Mas ten. president: G. H. N. Luhrs, vice president. J. Nj. Swetnam, treasurer; Arthur J. Edwards, attorney, and c. $. Scott, secretary.
 Sixth: The highest amount Of in- debtedness or liability, direct or con- tingent. to which this corporation is at any time subject. shall be One Hun dred Thousand (s1OO, ,OOO.OO) Dollars. which amount does not exceed two thirds (2-0 of the amount of the cap ital stock.
 Seventh. The private property of the stockholders of this corporation shal, be exempt from the corporate debts or any kind whatsoever.
 l IN WITNESS WHEREOF, We have hereunto set our hands and seals this ]
 JAMES M. SWETNAM. CSeaD ! LOUIS c. HASTEN. CSeaD ! Territory of Arizona,
 County of Maricopa,ss
 On this 2nd day of October. in the year 1902. before me. NJ. P. Hutchinson. a Notary Public in and for said county and territory. residing therein. duly commissioned and sworn, personally appeared Louis C. Masten and J. NJ. Swetnam, known to me to be the per sons whose names are subscribed to this instrument. and they acknowI- edged to me that they executed the same for the purposes therein ex- pressed.
 ! IN WITNESS WHEREOF I have hereunto set my hand and affixed my official seal the day and year in this instrument first above written. ] (SeaD MP. HUTCHINSON Notary Public, Maricopa County,
 Arizona.
 My commission expires Oct 4. 1902 TERRITORY OF ARIZONA.
 County of Maricopa.
 | I, B. F. McFan. County Recorder in and for the County and Territory aforesaid. do hereby certify that the within instrument was filed for rec ord at 9:2O o'clock a. m.. on this 2nd day of October. 1902, and duly recorded in Book No. -12 of Interpretations Rec ords of Marieopa County, Arizona. at pages 242 sto 244.
 Witness my hand and official seal the day and year above written
 B. F. M'FALL,
 County Recorder. | First Publication Decenoha 07
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