Arizona republican., 1902-10-07

handle and control letters patent and inventions and shares of capital stock of other corporations: to borrow money and execute notes, bond. mortgages GIT 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 oblica- tions any and all rights, powers and privileges of individual owners thereof including the right to vote .upon any shares of stock held by it to the same extent that a natural person might or could do; and in general to do all things necessary to the proper conduct of the business of this corporation in the Ter ritory and elsewhere, not inconsistent with the laws of the United States and the Territory of Arizona.
 In addition thereto,
 First: For the manufacturing. own ing. holding, selling, buying and leasing Piano Players, pneumatic combination pianos, organs, and other musical in struments.
 Second: For manufacturing. owning. holding, selling. buying and leasing. recording, perforating or stenciling ma chimes for the manufacture of sheet music
 Third: For manufacturing, owning, holding, selling. buying and leasing. recorded, perforated or stencilled sheet music.
 Fourth; For the purchasing. owning. holding and selling patents, models and improvements for the manufacture and sale of the aforementioned machines. and for granting licenses for the man ufacture and sale of said articles: and for manufacturing. owning, holding. selling, buylng and licensing musical instruments of any and all kinds, and appliances for producing. registering, or recording musical sounds. and also chemically prepared paper. plain or perforated and perforated sheet music under letters patent of the United States or foreign countries.
 Fifth; Manufacturing owning hold ing, selling and buying all classes of merchandise for CT in connection with any of the Company's said business.
 Sixth: Doing any other acts or car rying on any other business incidental to or properly connected with any of the foregoing matters which a firm or copartnership could lawfully do under the laws of the United States of Amer ica, and the Territory Of Arizona.
 Third: The authorized amount of capital stock of this corporation shall be two million five hundred thousand dollars CS250O.0OO) divided into two mil lion five hundred thousand (2,500. 0OO) shares Of the par value of one dollar tS1OO) each. Two million dollars (S2 O0O,0OC) of the par value of said -4n Ch fred thousand dollars (S5OOOOO) shah be seven per cent C per cenD non-Cumu- latiVe preferred stock
 At such time as the Board of Direct DTS may by resolution direct said cap ital stock shall be paid into this cor poration either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of 'aid corporation, in payment for which shares of the capital stock of said cor poration may be issued, and the cap ital stock so issued shall thereupon anG thereby become and be fully paid up and non-assessable, and in the absence o[ actual fraud in the transaction, the Judgment of the 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 Arizona, and the termination thereof shall be twenty-five years thereafter.
 Fifth: The affairs of this corpOraa- tion shall be conducted by Board of five (5) Directors and the following named shall constitute the Board of Directors until their successors are elected: Oakley Sellick. Charles S. Wood. will E. Colwell, J. w. Kelchrcr. and J. Ed. Sheriff.
 Thereafter the Board of Directors shall be elected from among the stock holders as the bylaws of the corpora tion provide. The officers of said cor poration until their successors are elected shall be:
 Oakley Sellick. President.
 Charles s. Wood. Vice President.
 J. w. Kelchner. Secretary.
 J. Ed. Sheriff, Treasurer.