Arizona republican., 1902-12-19

all kinds Of personal property, and hay ing acquired the same to exchange, sell or otherwise dispose of and pledge, mortgage and hypothecate the same, and to carry on and conduct any and all business relating thereto: also to own, handle and control letters patent and inventions, and shares of capital stock of other corporations; to borrow money and execute notes, bonds. mort gages, or deeds of trust to secure the same. and to exercise in respect of all such bonds, mortgages. notes, shares of capital stock and other securities and obligations any and all rights, powers and privileges of individual | owners thereof, including the right to vote upon any shares of stock held by it to the same extent that a natural person might or could do; and in gen eral to do all things necessary to the proper conduct of the business of this corporation in the territory and else where, not inconsistent with the laws of the United States and the Territory O Arizona.
 Third: The authorized amount or capital stock of this corporation shall be twenty-five thousand dallars (S25,- OO0.OO), divided into twenty five hundred shares of the par value of ten dollars ($1O.00 each. At such time as the board of directors may by resolution | direct said capital stock shall be paid into this corporation either in cash or by the sale and transfer to it of real or personal property for the uses and | purposes of said corporation, in pay l ment for which shares of the capital stock of said Corporation may be issued. and the capital stock so issued shall thereupon and thereby become and be fully paid up and non-assessabIe, and | in the absence of actual fraud in the transaction the judgment of the di- rectors 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 Sec 1 retary of Arizona, and the termination | thereof shall be twenty-five years | thereafter.
 Fifth: The affairs of this corpora | tion shall be conducted by a board of | three directors, and the following named shall constitute the board of di- rectors until their successors are 1 elected. viz: C. H. KRAEMER, D. B. 1 LEAVELL and J. l.. STEELE. There | after the board of directors shall be | elected from among the stockholders l as the bylaws of the corporation may provide.
 Sixth: The highest amount of in 1 debtedness or liability. direct or con- 1 tingent. to which this corporation is at any time subject. shall be sixteen i thousand dollars C$16, ,000).
 Seventh: The private property of the stockholders of this corporation shall | be exempt from corporate debts of any ! kind whatsoever.
 In Witness Whereof, We have here unto set our hands and seals this thir- | teenth day of October A D., 1902 C. H. KRAEMER. (Seal)
 n. B. LEAVELL. (SeaID s. A. TEMPLE. CSeaID J. L. STEELE, (SeaI) United States.
 District of Alaska, ss. On this. the thirteenth day of Octo- Der, in the year one thousand, nine hundred and two. before me, J. w. LEEDY, a notary public in and for the District of Alaska. residing there in, duly commissioned and sworn. per U B. LEAVELL, s. A. TEMPLE, and J. L. STEELE, known to me to be the persons described in, whose names are l subscribed to, and who executed the annexed instrument and they ac- ! knowledged to me that they executed the same for the purposes and con- 1 alterations therein expressed.
 In Witness Whereof, I have here unto set my hand and affixed my off, cial seal at my office in the town O. | Valdez, District aforesaid, the day and year last above written.
 (Seal) J. w. LEEDY. Notary Public for Alaska
 My commission expires December 2d, 1905.
 | Territory of Arizona
 County of Maricopa, ss.
 l. E. F. McFall, county recorder in and for the county and territory afore- said, hereby certify that I have com pared the foregoing copy with the or ! iginal articles of incorporation of the VALDEZ ELECTRIC LIGHT, POWER and TELEPHONE COMPANY. filed and recorded in my office on the 6th day of November. 1902 in Book F of | Interpretations, at page -. and that
 the same is a full. true and correct copy of such original and of the whole thereof.
 Witness my hand and seal of office this 9th day of Nov. 1902
 tSealO B. F. McFALL,
 County Recorder.
 By A. $. ARTHUR. Deputy.
 Filed and recorded in the office of the
 Secretary of the Territoryof Arizona
 this 9th day of November, A. D.. 1902,
 at D. m.
 ISAAC T. STODDARD.
 Secretary of Arizona