Arizona republican., 1902-02-26


 and control letters patent and inven- 1 tions: and the doing and performing of any and all other acts not inconsist- ent with the laws of the Territory of l Arizona, made and provided for the ! government of corporations. ! H. The amount of the capital stock of this corporation shall be Two Mill 1 lion G2,000. 00O) dollars. divided into | Two Million (2.O00, ,OO0) shares of the par value Of one (S1.OO) dollar each: each ! fully paid up and forever non-assess- able: and that there shall be issued inn mediately after this incorporation Is | formed and created. one CD share of the said capital stock of said corpora . | tion, to each of the individuals named above as incorporators of this com pany: said stock so issued to these in- dividuals being fully paid up by them and each of them. and that said stock and that all stock to be hereafter issued by this corporation and Directors and officers thereof. shall be non-assessa ble for any purpose whatever; and that all of said stock shall be paid for imnedi- ately when issued by this corpora ton and upon delivery to- the purchasers thereof. Among the powers of this body corporate shall be: To have per petual succession; to sue and be sued by it's corporate name; to have com mon seal and alter the same at pleas ure: to prescribe the mode of making transfers of stock or interests of its stoc kholders: to make contracts; to ac- quire and transfer property of every kind and description. both real and per sonal. and to possess the same powers in such respects as private individuals now enjoy; to establish bylaws and make all rules and regulations deemed eXpedient for the management of its affairs. not inconsistent with the laws and constitution of the United States and the laws of the Territory of Ari- zona.
 ". The time of the commencement of this corporation shall be the date of the filing of these Articles of Incor- poration in the office of the Secretary of Arizona. and the termination thereof shall b" twenty-five (a0 years there after.
 V. The aHairs of this corporation shall be conducted in accordance with the bylaws established by the Board of Directors to be elected annually by the stockholders of this company. said annual election shall be held on the fourth Tuesday of August or each year; the present Board being elected as soon after the adoption of these Articles of Incorporation as meeting Of such stockholders can be convened, the pres ent Board serving until the next annual election, or until their successors are qualified. No person is eligible to be Director who is not a stockholder thereof. and any Director ceasing to be q stockholder the office at once becomes vacant and may be filled by the Board Of Directors at their next meeting.
 VI. The highest amount of indebted ness or liability direct or contingent to which this corporation is at any time to subject itself or may incur for any purpose shall not exceed over Ten Thousand C$1O.OOO) Dollars.
 VII. The private property of the stockholders of this corporation shall be exempt from and not liable in any case for any of the debts created by this corporation.
 VIII. The Board of Directors of this corporation at the time of its organiZa- ton shall consist of nine (9) members, who shall have power to elect the President, First Nice-President. Sec ond Nice-President, Secretary and As sistant Secretary, from their own num- Der; also to make bylaws, rules and regulations necessary to carry into execution the affairs of this company: nothing shall be inconsistent with the laws of the United States or the Ter ritory of Arizona.
 In Witness Whereof. We have here unto set our hands and seals this Twenty-fifth day of January, Nineteen Hundred and two.