Arizona republican., 1902-12-31

shares of stock held by it to the same extent that natural person might or could do; to construct, erect, build, buy, sell. operate or dispose' of bridges. water works, smelters. concentrators or other property, to construct, erect, build, buy. sell operate, and dispose of any raIl- road. tramway. turnpike or canal as may be necessary to lead from the principal works or place of business of 1 the corporation to any existing naVi- gable stream or any existing railroad. 1 turnpike or public highway and to do all and every act ana thing necessary, incident or pertaining to the foregoing articles of incorporation and in gen eral to do all things necessary and proper in the conduct Of the business ot this corporation in the Territory or Arizona or in any other Territory or State or district of the United States of America, or in any foreign country not inconsistent with the laws or the United States and the Territory or Arizona.
 Third: The authorized capital stock of this corporation shall be one Mill lion Dollars $1,OOO, ,OOO.OO) divided into one million Q,000000) shares or the par value of One Dollar ($1.0O) each. At such times as the Board of Directors may by resolution direct, said capital stock shall be paid into this corpora ton either in cash or by the sale, or transfer to il of real or personaI prop- erty for the uses and purposes of said corporation, in payment of 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 absencs of actual fraud in the transaction, the judgment of the Board of Directors as to the value of the property purchased, shall be conclusive.
 Fourth. The time of the commence ment of this corporation shall be the date of the filing of these articles of incorporation in the office of the Secre- tary of State of Arizona and the dura- tiOn thereof shall be twenty-five (25) years.
 Fifth: The affairs of this corpora tion shall be managed and conducted by a board of directors. who shall be elected on the first Tuesday in the month of October in each year and the officers of this corporation shall be president, ice-president. secretary treasurer and attorney. The following named shall be the board of directors for the year ending the first Tuesday in the month of October, 1903, and until their successors are elected and quail fled: Louis C. Masten, G. H. N. Luhrs. J. M. Swetnam, Arthur J. Edwards, C. $. Scott, and the officers of said corpo- ration for the year ending on said first Tuesday. and until their successors are elected and qualified. are Louis c. Mas ten. president; G. H. N. Luhrs, vice. president; J. NJ. Swetnam, treasurer; Arthur J. Edwards, attorney. and c. ; Scott. secretary.
 Sixth: The highest amount Of in- debtedness or liability. direct or con tingent. to which this corporation is at any time subject, shall be One Hun dred Thousand CS1OO, 100000 Dollars which amount does not exceed two thirds (2-S) of the amount of the cap ital stock.
 seventh. The private property of the stockholders of this corporation shaD be exempt from the corporate debts or any kind whatsoever
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this 2nd day of October. 1902.
 
 LOUIS c. HASTEN. (SeaD | Territory of Arizona,
 County of Maricopa,ss.
 On this 2nd day of October. in the year 1902. before me. NJ. P. Hutchinson. Notary Public in and for said county and territory. residing therein, duly commissioned and sworn, personally appeared Louis C. Masten and J. NJ. Swetnam, known to me to he the pa- sons whose names are, subscribed to this instrument, and they acknowI- edged to me that they executed the same for the purposes therein ex- pressed.
 IN WITNESS WHEREOF have hereunto set my hand and affixed my oihcial seal the day and year In this | instrument first above written. (SeaD NJ. P. HUTCHINSON.
 Notary Public, Maricopa County. Arizona.
 My commission expires Oct T. 1902 TERRITORY OF ARIZONA. County of Maricopa
 l. k. F. McFaI. County Recorder in and for the County and Territory aforesaid. do hereby certify that the within instrument was filed for rec ord at 9:20 o'clock a. m.. on this 2nd day of October, 1902. and duly recorded in Book No. F of Interpretations Rec ords of MaricOpa County, Arizona. at pages 242 to PA.
 Witness my hand and official seal the day and year above written. B. F. MFALL. County Recorder.
 First Publication December 27.