Arizona republican., 1902-02-25

estate and mercantile business; to owi
 and control letters patent and inven
 tions; and the doing and performin; of any and all other acts not inconsist
 ent with the laws Of tile Territory O Arizona, made and provided for thu
 government of corporations.
 III. The amount of the capital stool
 of this corporation shall be Two MI.
 lion (S2,000. .ooo) dollars, divided int
 Two Million (2.0OO.OO0) shares of the pal i value o: one (Si.0O) dollar each: eacf
 fully paid up and forever non-assess- able: and that there shall be issued i'm mediately after this incorporation is | formed and created, one CD share oi
 the said capital stock of said corpora- ton, to each of the individuals named 1 above as irCorporators of this com pany; said stock so issued to these in- dividuals being fully paid up by them
 and each of them, and that said stock and that all stock to be thereafter issued
 by this corporation and Directors and
 officers thereof. shall be non-assessable
 for any purpose whatever: and that all
 of Said stock shall be paid for iInmedi-
 ately when issued by this corporation
 and upon delivery to the purchasers
 thereof. Among the powers of this
 body corporate shall be: To have per petual succession; to sue and be sued by it's corporate name; to have com mon seal and alter the same at pleas ure: to prescribe the mode oi making stockholders: to make contracts; to ac- quire and transfer property of every kind and description. both real and per sonal. and to possess the same powers in such respects as private individuals now enjoy; to establish bylaws and make all rules and regulations deemed eXpedient for the management of it's affairs. not inconsistent with the laws and constitution of the United States and the laws of the Territory of Ari- Zona.
 ". The time Of the commencement of this corporation shall be the date Of the filing of these Articles of Incor- poration in the office of the Secretary of Arizona. and the terminat tion thereo; shall h" twenty-five (@O years there Efter
 V. The aHaIrs 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. said annual election shall be held on the fourth Tuesday of August or each year; the present Board being elected as soon after the adoption Of these Articles of Incorporation as a meeting or such can be convened, the pres snt Board serving until the next annual election. or until their successors are qualified. No person is eligible 10 be a | Director who is not stockholder l hereof. and any Director ceasing to be | ! stockhoIder the office at once becomes ] -acant and may be filled by the Board ! ,f Directors at their next meeting.
 VT. The highest amount of indebted ! less or liability direct or contingent to | which this corporation is at any time i O subject itself or may incur for any purpose shall not exceed over Ten Thousand Cs1O.OOO) Dollars
 VII The private property of the stockholders of this corporation shall ! ,e exempt from and not liable in any ase for any of the debts created by his corporation.
 VIII. The Board of Directors of this at the time of its organiza- ion shall consist of nine (9) members, rho shall have power to elect the President. First Vice President Sec nd e-President. Secretary and As istant Secretary. from their own num- CT; also to make bylaws. rules and egulations necessary to carry into xecution the affairs of this company; othing- shall be inconsistent with the avs of the United States or the Ter itory of Arizona.
 In Witness Whereof, We have here nto set our hands and seals this wenty-ffth day O. January, Nineteen hundred and two.