Arizona republican., 1902-09-01

of goods wares, merchandise and other property, real or personal. on its own behalf or for commission or for other compensation; to lease own and main- tain stores, warehouses and sample rooms; to act as agents for manu- lecturers, producers or others in any state or country wherein they may de- sire to do business: to obtain conces- sions from any of the states or coun- tries wherein it may desire to do business: to do general money and exchange business; to issue drafts, to buy and sell exchange: to buy and sell stocks and bonds and other securities of corporations; to discount bills of lading and other bills; to act as selling agents for the stocks, bonds, and other securities of corpora tions; to construct. own and maintain and oper- ate telephone lines; to furnish heat, light and power from any sourse; to es- tablish, maintain and operate a dis patch, transportation and express busi- ness and to issue bills of lading; to es- tablish, buy, own and operate any lines of transportation by land or sea, with power to do and perform generally any and all things necessary. suitable or convenient to the accomplishment of d | oIAitA hi phA pOSG ItI6lHDtIOTt men, toned.
 l2th. To erect necessary buildings, mills. machinery and appliances. and to purchase material for the proper working thereof.
 18th. To purchase. lease. bond. To- cate or otherwise acquire, own, ex- change, sell or otherwise dispose of. pledge. mortgage. hypothecate and deal in real estate and any and all kinds of personal property, mines. mining claims, oil lands, mineral lands, oil and gas, petroleum, water and water rights and machinery. and to work, mine, ex- plore, operate and develop the same.
 14th. To do a general real estate. manufacturing and mercantile busi- ness; to own, handle and control letters patent and inventions; to borrow money, execute notes, bonds and 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 1t to the same extent that a natural. person might or could do; and in gen., eral to do all things necessary. proper or requisite to the proper conduct of the business of this corporation: and to carry into effect the various ob- jects aforesaid in the United States. it's territories. Venezuela and elsewhere, not inconsistent with the laws of the Territory of Arizona.
 15th To build, construct. lease and operate steam and sailing vessels maintain the same and use the same as this corporation may deem proper for the porpose of transportation of the commodities of this corporation: to carry passengers or freight for hire as common carrier and to charge there for such reasonable charges and tolls as to this corporation may seem best
 Sixth: The authorized capital stock of this corporation shall be and is five million dollars (s5, ,O00O OOO) divided into five hundred thousand shares of the par value of ten dollars ($1O.OO) each.
 At such time as the board of direct ors may by resolution direct said cap- ital stock shall be paid in this corpora tion, either in cash or by the sale and transfer to it of real or personal prop erty, for the uses and purposes of said corporation, in payment for which shares of the capital stock of said cor poration may be issued. and the capital stock so issued shall thereupon and thereby become and be fully paid up and non-assessable, and in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased shall be conclusive.
 Seventh: The highest amount of in- debtedness or liability, direct or contin- gent to which the corporation is at any time subject shall be three million, two hundred and fifty thousand dollars (s3. .250 ,OOO).
 Eighth: The private property of the stockholders and directors of this cor poration shall be exempt from corpor- ate debts of any kind whatsoever.
 In witness whereof we have hereunto set our hands and seals this fifth day of August. A. D. 1902
 ALLEN T. HAIGHT (Seal)
 FRANCIS NJ. CRAWFORD, (Seal)
 JOHN M. GARTSIDE. (Seal) State of Illinois.
 County of Cook. ss.
 On this 9th day of August. in the year nineteen hundred and two Q902), before me, James M.. Gwin. a notary public in and for the county aforesaid. residing therein, duly commissioned and sworn. personally appeared Allen T. Haight. Francis NJ. Crawford and John M. Gartside, known to me to be the persons de- scribed in. whose names are affixed to, and who executed the annexed instru- ment. and they acknowledged to me that they executed the same for the purpose and consideration therein eX- pressed.
 In witness whereof, I have hereunto set my hand and affixed my official seal at my office in the said county and state. the day and year last above writ ten.
 (SeaD JAMES M. GWIN.
 Notary Public.
 My commission expires March G. 1906. Territory of Arizona,
 County of Maricopa, ss.
 I. B. r. McFall. county recorder in ord Fo, tho oo,,ntu tarritorU afO