Arizona republican., 1902-03-07

other Kind Of personal property or :Or any and all kinds of labor or services needed in carrying on the business of the corporation on such terms as said Directors may think best. or to sell the same for cash or to exchange the same for shares of the capital stock of other corporations.
 The Directors shall have power to make. esta blish. amend or repeal all bylaws. rules and regula tions deemed eXpedient for the management of the affairs of the corporation and to ap- point and employ all necessary agents, servants and laborers and fix the com pensation for the same. If any Di- rector shall cease to be a stockholder, he shall thereby and thereupon cease to be a Director, and the remaining Di- rectors shall elect q stockholder to fill said vacancy until the next annual meeting of stockholders.
 ARTICLE VI.
 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 Hundred Thousand (s2OO,OOO.OO Dollars.
 ARTICLE VII.
 The officers and the stockholders of this corporation and their private property shall always be exempt from any and all liability for the debts of this corporation.
 ARTICLE VIII.
 The stockholders may be present by proxy at any and all meetings Of the stockholders and vote upon all ques- tions as though present in person. pro- vided always that such proxy shall be held and voted by stockholder of the corpora ton.
 ARTICLE TX.
 These articles may be amended at any regular meeting O. the stockhold- CTS by the affirmative vote of three fifths (3-5) of all the stock present at such meeting, provided that such three-fifths (3-5) present shall be at least one-half (1a) of all of the stock issued; and provided that at any meet ing other than an annual meeting, that notice of the intended amencment has been given the stockholders with the notice of the meeting at which such amendment is submitted for action.
 ARTICLE x.
 This corporation may at any t:ne and from time to time. when the same shall be decided and determined by
  ors, issue preferred stock. not exceed ing in amount in the aggregate two hundred thousand shares, and may provide by proper resolution or con- tract with the purchasers or subscrib- CTS of said stock that the same shall be and remain a first claim upon the prof its or the property and profits of the corporation after it's indebtedness, and hot Ia hnll e-I,a l,o titled to receive from the net earnings of the corporation on a dividend not exceeding ten per cent per annum, payable semi-annually or annually, and to have such interest or dividend payable ir full each and every year before any payments of interest or div idends upon the other or common stock; and whenever the net earnings of the corporation which shall be ap- piled in the payment of interest or dividends on the preferred stock and of interest or dividends upon the com- mon stock shall be more than sufficient to pay both said in terest on said preferred stock in full and the same per cent dividend upon the common stock for the year in which said net earnings are so applied, then the excess of such net earnings after such payment shall be divided upon the preferred and common shares equally share by share. This corpora tion may by proper resolution or con- tract, by the Directors or stockholders, at the time of issuing such preferred stock make any provision that may be deemed proper for the redemption and cancellation of such preferred stock and may also restrict or deprive such stock of the right to be voted at any or all stockholders meetings.
 IN WITNESS WHEREOF We have hereunto set our hands this End day of January, A. D. 1902.
 B. F. PORTER.
 J. ELLIOTT WALKER
 l.. H. LANDS.
 EDWARD EISELE.
 ARTHUR J. 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 Of Arizona. on this day personally appeared J. Elliott Walker, Edward Eisele. B. F. Porter, l.. H. Landis and Arthur J. Edwards, known to me to be the persons whose names are subscribed to the foregoing instru- ment. and acknowledged to me that they executed the same for the purpose and consideration therein expressed. Given under my hand and seal of office this 2nd day of January, A. D. 1902.
 (Seal) J. w. WALKER.
 Notary Public. My commission expires July 17th, 1905.
 Territory of Arizona,
 County of Maricopa.
 I, B. r. McFall. County Recorder in and for the County and Territory aforesaid, do hereby certify that the within instrument was filed fo~ record at 3:40 o'clock D. m. on this 2d day of January. 1902, and duly recorded in Book No. s of Incorpora tions, Records of Maricopa County. Arizona. at pages 550 to 555 inclusive.
 Witness my hand and official seal the day and year above written.
 (Seal) E. r. McFALL.
 County Recorder. By A. s. ARTHUR. Deputy.
 Filed and recorded in the office of the A,-i,,