Arizona republican., 1902-03-08

! any and all kinds of labor or service needed in carrying on the business of | the cooperation on such terms as said | Directors may think best, or 10 sell ] the same for cash or to exchange the
 same for shares of the capital stock c: ] other corporations.
 | The Directors shall have power to ! make. establish. amend or repa-I sI l bylaws. rules and regula tiuns deemed 1 eNpelient for the mana2 cement of ths 1 affairs O. the corporation and to ar 1 point and employ all necessary agents. ! servants and laboreis and IN the com i pensa ton for the same. v luy Df- rector shall cease to b. 9 ste. l-laIIer. ! he shall thereby and thereuron cease | to he Director. and the reTaiui7, I1i- | rccIors shall eject q stocAh3i.er to Gu , said vacancy until the n--.t annual 1 meeting of stockholders
 ARTICLE NJ
 ! The highest amount of indebtedness. ! direct or contingent. to which this cor | poration may at any time be subject shall be the sum Of Two iiuaGred 1 Thousand ($2Oo, o,o0c.Cp Dollars. / ARTICLE VII
 Tie officers and the stockholders of i this corporation and their plivlt- | property shall always be exempt front i any and all liability for the debts cr ! this corporation.
 1 ARTICLE VIII. The stockholders may be present F.. rroXy at any and all meetings 0f the i stockholders and vote upon all ,ues- tions as though present in person. pro v!ded always that such proxy sha!l be i held and voted by . stoc.E0l Ter cf the corporal ton.
 ARTICLE TN These articles may be amended at any regular meeting O. the stocNhoIi- CTS by the affirmative Vote of three ffths (3-5l oI all the stock present a- such meeting. provided that such i tiree-ffths i%-5) present shall be at least one-half C4) of all of tile stock issued: and provided that at any meet ing otlsr than an annual meeting, that notice of the intended ameHEnert has : been given inc stockholders v-ich the -otiee Of the m.eiilg at which such ! amendment is submitted for action. ARTICLE <
 TEis corporation may "t any 7..!ie. and from time Co time. when tne same shall be decided and determined by
 either the stockholders or the Direct
 ors. issue preferred stock. not exceed
 ing ia amount in the aEgregate two
 hundred thousand shares. ana may
 provide by proper resolution 0r con
 tract with the purchasers or subs, rib
 CTS of said stock that the same shall be
 and remain 2 first claim upon th- prof
 it's or the property and profits If the
 corporation after its Indebtedness. and
 that the holders thereof shall b. en-
 tit!eG u receive from the nar earnings
 of the ,o~norati1n cn 2 dividend not cNceedirS ten Der cent Der annum. payable semi-aEnUally CT annually, and to have such interest or dividend TGyaDle ia full eaCl and every year before any payments or intercs, or sii.-- idendS upon He other or common stock; and wherever the net earnings
 CT the corporation which shall be ap- piled il the payment of interest or divid ent!s on the preferred stock and O. interest or dividends upon the ccnl- mon stock O. shall be more than sufficient to pay both said iu- te-ast on said preferred stock. in full and the same Ter cent dividend
 upon the common stock for the year in
 which said net earnings are so applied.
 then the excess of such u=t earnings after such payment shall be divided
 upon the pralerred and common shares equally share by share. This oo:pora- ton may by proper resolution or con
 tract. by the Directors or stockholders. at the time Cf issuing such preferred stock mak- any provision that may be deemed proper for the reclamation and cancellation of surn preferred stock, and may also restrict or deprive such stock of the right 1o be voted at any or
 all stockholders meetings. IN WITNESS WIiI.EEOF w. have herc1nto st our hands this 3ad day of
 January, A D. 19p2.
 2. r. PORTER J. ELLIOTT WALKER. L. II. LANDS. EDWARD EISE,I.E AETHCE ;. EDWARDS. Territory Of Arizona,
 County of Maricopa ss. Before me. J W. Walker. a Notary Public in and for the County of Mari copa Territory or Arizona. on th:s da$- personally appeared J. Elliott Walker. Edward Eisele. F. r. Porter. |. H. Landis and Arthur T. Edwards. known to me to be the persons, whose names are subscribed tD the foregoing instru- ncnt. and acknowledged to me that they executed the same for the purpose and consideration therein expressed. tlNen under my N2nu and seal Hi office this 2nd day of January \. D. 1902
 (SealD J. w. WALKER, Notary Public. My commission expires July 17th. 1905.
 Territory of Arizona.
 County of Maricopa. l. E. r, AlcFan, County Recorder in and for the County and Territory aforesaid. do hereby certify that the within instrument was flied for record It 3:!o o'clock D. m. oa this -d day of January. 1go2, and duly recorded in Book No. $ of interpretations. Records of Maricopa County. AliZona. at pages JJ0 to lI5 inclusive.
 Witness mv hand nrd official sc.'l | the day and year above written. (SealJ F. |. EIcFALL. | County Recorder 1 Ky 4. $. ARTHUE. Deputy. ! Filed and recorded in the office of the | Secretary or tn" Territory of Arizona