Arizona republican., 1902-04-14

row money and contract to repay the same at suCn time or times. and with such rate or rates of interest as it's Board of Directors deem proper and zee fit; and to hypOthecate. mortgage or pledge all or any part of the prop erty which this corporation may here after acquire; to secure payment of any such money. with Interest, or to secure the payment of any such debt of this corpora tion, with such interest thereon as it may be legally obligated to pay: and to do all and every act necessary, incident or convenient to the proper transaction or the business for which this corporation is organized within the limits of the said Territory of Arizona. or in any State in the United States of America, or in any foreign country.
 The time of the commencement of this corporation shall he the day of the filing of these articles for record in the office of the County Recorder of the County of Maricopa. in the Territory of Arizona. and the termination there of shall be twenty-five (25) years there after.
 ".
 The amount of the capital stock of this corporation shall be Three Million (3.oC0. .GO0) Dollars. divided into three hundred thousand (3O0,000) shares, of the par value Of Ten QO Dollars each. and the said capital stock shall be is sued uDcn such terms and conditions as the Board of Directors of said cor poretion may hereinafter direct. The affairs of this corporation shall be conducted by q Board Of Directors consisting of seven CD persons, each of whom must be a stockholder of this corporation, and shall be elected annu- ally on February 10th by the stock holders of this corporation at such time and manner as shall be prescribed by the bylaws of this corporation, eX- cept as herein provided as to the first Board Of Directors; and it is further provided that no director of this cor pora ton shall continue, as such after he ceases to be a stockholder.
 Said Board of Directors shall have the power to fill vacancies in their number, and may appoint or elect such officers. agents, committee or com mittees, to aid in the management of their business and in the conducting ] they may see fit, and vest in such off, cers. agents, committee CT committees as such power as they may deem expe- dent.
 The following named persons, who are subscribers hereto. shall act as such directors until the first annual meeting of the stockholders of this corporation on February 18th, 1903. and S11ccaccorc 1I11v cl1alifiPd shall be elected, to-wit:
 $. NJ. McCowan. ". E. Deity, P. San doval w c. Foster, L. H. Chalmers. John Henderson, and R. H. Greene.
 Immediately, CT as soon as practic- able after the filing of these articles in the Off@e of the County Recorder of the County of Maricopa. Territory oe Arizona, the persons named herein as Directors to serve until the annual meeting on February 15, 1903. and un- til their successors. duly qualified. shall be elected, shall meet and organize as a Board of Directors, adopt bylaws and prescribe in said bylaws the method of calling meetings of the Board of Directors and stockholders.
 VI.
 The highest amount of indebtedness or liability, direct or contingent to which this corporation snail subject 'teelf shall be the sum Of One Hundred Thousand G0O,000) Dollars.
 VII
 The private property or individual stockholders of this corporation shall be exempt from the corporate debts of this corporation.
 VIII.
 These Articles of Incorporation may 5e amended at any meeting of the tCC xholders by two-thirds (2-3) vote of the stock then issued. Notice of such amendment shall be given in the call for the meeting; such amendment shall be signed and acknowledged by the president and secretary.
 The officers of this corpora tion shall consist Of a president vice-president treasurer and secretary, and one and the same person may act as treasurer and secretary, who shall be elected by the Board Of Directors, and who shall serve until their successors are elected and qualified, and of such subordinat te officers, agents, employees. committee or committees as the Board of Direct CTS may from time to time eject or ap- point.
 The president of this corporation shall call a meeting of the stockho' 'ders thereof upon the written request of a majority of the stock outstanding. which call shall state the time, place and purpose Of any such meetings ;, copy of which shall be mailed to each stochholder at his last known address. It being provided that no such meeting shall be held earlier than ten Q0) days or later than thirty (3O) days from the date of mailing of such notices
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this 14th day of February, 1902.
 s. M. MCGOWAN (SeaD
 (By ". C. Foster. Attorney in Fact.)
 W. C. FOSTER. (SeaD
 w. E. DEITY. (SeaD
 l.. H. CHALMERS. (SeaD
 P. SANDOVAL. (SeaD
 JOHN HENDERSON. (SeaD
 k. H. GREENE. (SeaD Territory of Arizona,
 County of Santa Cruz. ss. Before me. Henry Levin. a Notary