Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-04-26

vided for the government of corpora
tions.
III The amount of the capital stock
of this corporation shall be Five Hun
j dred Thousand Dollars (S5O0, 0GO) divd-
ed into Five Hundred Thousand
(5O0,G 00) shares of the par value of One
($1.00) Dollar each: each fully paid up
and forever non-assessa BILE: and that
there shall be issued Immediately after
this incorporation is formed and Gre
ated. One % share of the said capitai
stock Of said corporation, to each of the
individuals named above as incorpo
rators OF this company; said stock so
issued to these individuals being fully
paid up by them and each of them. and
that said stock and that all stock to
be hereafter issued by this corporation
and Directors and officers thereof, shall
| be worcestershire for any purpose
i whatever: and that all of said stock
| shall be paid for Immediately when
! issued by this corporation and upon
| delivery to the purchasers thereof.
Among the powers of this body corpo-
! rate shall be: To have perpetual sue
cession: 10 sue and be sued by its cor
porate name; to have common seal and
alter the same at pleasure; to pre-
scribe the mode of making transfers
| of stock or interests of its stockhold-
erS: to make contracts, to acquire and
transfer property of every kind and
description, both real and personal, and
| TO possess the same powers in such re-
! spacts IS private individuals now en-
joy; to establish bylaws and make all
rules and regUl tons deemed expedi-
eHt for the management of its affairs.
! not Inconsistent with the laws and
! the laws of the Territory of Arizona.
| ". The time of the commencement
CT this corporation shall be the dat.
of the fling OF these Articles of Incor-
pOration in the Office of the secretal.-
q Arizona, and the termination thereof
shall be twenty-five (25) years there
after.
V. The affairs of this corporation,
shall be conducted in accordance with
the bylaws established by the Board
of Directors to be elected annually by
the stockholders of this company, sai1
annual election shall be held on the
fourth Wednesday in February of each
year; the present board being elected
as soon after the adoption of these Ar
ticles of Incorporation as a meeting of
such stockholders can be convened, the
present board serving until the next
annual election. or until their success
sors are qualified. No person is eligible
to be a Director who is not stock
holder thereof and any Director ceas-
ing to be a stakeholder the office at
once becomes vacant and may be filed
by the Board of Directors at their next
meeting.
VI. The highest amount of indebt-
edness or liability direct or contingent
to which this corpora ton is at any time
to subject itself or may incur for any
purpose, shall not exceed Five Thou
sand $4,000 Dollars.
VII. The private property of the
stockholders of this corpora ton shall
be exempt from and not liable in any
case for any of the debts created by
this corporation.
! VIII The Board of Directors of this
corpora ton at the time of its organi-
zatOn, shall consist of nine 90 MEM
bers. who shall have power to elect the
President. First e-President, Second
Nice-President, Secretary and Assist
ant Secretary, from their own number:
also to make bylaws, rules and regu-
lations necessary to carry into eXecu-
ton the affairs of this company: moth
ing shall be inconsistent with the laws
CT the United States or the Territory of
Arizona.
In Witness Whereof. we have here
unto set our hands and seals this Fifth
day of February, Nineteen Hundred
and two.
Names of Amount