Arizona republican., 1902-12-29

SlldIGS Ol SNOCh lclQ pl IL lO lilt SdiliG extent that natural person might or could do; to construct, erect build, buy, sell, operate or dispose of bridges, water works, shelters. 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 the corporation to any existing navl- gable stream or any existing railroad. 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 ani proper in the conduct of the business ot this corporation in the Territory O; Arizona or in any other Territory or State CT district of the United States of America, or in any foreign country not inconsistent with the laws of tine United States and the Territory oi Arizona.
 Third: The authorized capital stock of this corporation shall be One Mil lion Dollars ($1, 1,OOO OGO.O0) divided into one million Q,O00.0OO) shares or the par value of One Dollar v(S1.00) each. At such times as the Board of Directors may by resolution direct, said capital stock shall be paid into this corpora tion either in cash or by the sale. or | transfer to it of real or personal 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 uL and non-assessable and in the absenc, 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 tho | date of the filing of these articles oi ! 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 sha! | be elected on the first Tuesday in tn, month Of October in each year and tn, officers of this corporation shall be . president, president. secretary | treasurer and attorney. The following named shall be the board of director, for the year ending the first Tuesday in the month of October. 1903, and unti their successors are elected and quail fled: Louis C. Masten, G. H. N. Luhrs J. M. Swetnam, Arthur J. Edwards, C s. Scott, and the officers of said corpo ration for the year ending on said frs Tuesday, and until their successors ar elected and qualified, are Louis c. Mas ten. president: G. H. N. Luhrs, vice president; J. M. 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 a any time subject, shall be One Hun dred Thousand (S1O0, ,OOO0O) Dollars which amount does not exceed two thirds (2-3) of the amount of the cap ital stock.
 Seventh. The private property of tn stockholders of this corporation shal be exempt from the corporate debts O any kind whatsoever.
 IN WITNESS WHEREOF, We hay hereunto set our hands and seals thi End day of October. 1902.
 JAMES M. SWETNAM. (Seal
 LOUIS c. HASTEN. CSeal Territory of Arizona,
 County of MaricOpa,ss.
 On this 2nd day of October. in tn year 1902, before me. NJ. P. Hutchinson a Notary Public in and for said count and territory. residing therein, dul commissioned and sworn. personan appeared Louis c. Masten and J. N Swetnam, known to me to be the per sons whose names are subscribed t this instrument. and they acknowl edged to me that they executed tn same for the purposes therein ex pressed.
 IN WITNESS WHEREOF I nav hereunto set my hand and affixed m official seal the day and year in thl instrument first above written.
 (SeaD M. P. HUTCHINSON,
 Notary Public, Maricopa County
 Arizona.
 My commission expires Oct I, 1902. TERRITORY OF ARIZONA.
 County of Maricopa.
 I. E. F. McFall, County Recorder il and for the County and Territor, aforesaid. do hereby certify that tn within instrument was filed for rec ord at 9:20 o'clock 9. m., on this Pm day of October, 1902. and duly recorde in Book No. 12 of Interpretations. Rec ords of Maricopa County, Arizona a pages 242 to PA.
 Witness my hand and official sea the day and year above written.
 B. r. M'FALL,
 County Recorder.
 First Publication December 2T.