Arizona republican., 1902-02-21

Esf Territory of Arizona is to be transact ed is Phoenix, Maricopa County, Ari zona, and the principal place of busi- ness of said corporation outside of the Territory of Arizona shall be the City of Cleveland. County of Cuyahoga and State of Ohio. al which meetings of the stockholders and board of directors may be held, and the corporation may have such branch offices, either within or without the Territory of Arizona as may be established by the board of di- rectors.
 Second: The general nature Of the business proposed to be transacted by this corporation is as follows, to-wit:
 To purchase. bond, lease or otherwise acquire, own, exchange. sell or other wise dispose of. pledge. mortgage. hy- pothecate and deal in real estate in the Island of Cuba or at any other point or location whatsoever, and also all kinds of personal property mines, min ing claims, timber. oil land, mineral lands oil gas, asphaltum. petroleum, water and water rights, and :Iac1fn- cry, to work. Tsine, operate and develop the same, to Go a general real estate. manufacturing and mercantile husi- ness, to establish own and operate such rail or tram road, operated b. steam. electricity or ether motive pow CT. or. steam sail. electric ships or other vessels as may be necessary to lead from it's principal works or place of business upon any such lands to some existing line of railroad, turnpike or public highway. to build roadways, 70 esta hlish town sites. to own, handle and control shares of the capital stock of other corporations, to borrow money and execute notes, bonds. mortgages Df- nf n to exercise in respect of all bonds, mortgages, notes, shares of capital stock and other securities and oDliga- tions any and all the rights, powers and privileges of individual owners thereof, including the right to vote upon any shares of stock held by IL 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 Territory and elsewhere. not ilcon- sistent with the laws of the United States and the Territory of Arizona.
 Third: The authorized amount or the capital stock of this corporation shall be Five Hundred Thousand Dol lars ts5O0. .O0o.On), divided into Five Thousand (5.GG0) shares of One Hun drcd Dollars C$l0O."0) each, which shall be divided into One Hundred and Fifty G5W shares of one Hundred Dollars tsIOO.G0D each of preferred stock, and Four Thousand Eight Hundred and Fifty C. S50) shares Of One Hundred Dollars Cs1C0o0) each of common stock. Said preferred stock shall be entitled to such preferences and rights over the common stock as the bylaws of the corporation may provide
 Said capital stock shall be paid for when issued, either in cash or by the transfer of real or personal property for the uses and purposes Of said corpora ton. in payment for which the capital stock of the corporation may be is sued and when so issued and paid for. said capital stock shall be full paid and non-assessable thereafter. and in the absence of fraud in the transaction the judgment of the directors as to the value Of the property purchased shall be conclusive
 Fourth: The time or the commence ment of this corporation shall be the date Of the filing of these articles Of in corporation in the office Of the Secre- tary Of Arizona, and the termination thereof shall be twenty-five years thereafter.
 Fifth. The affairs of this corpora ton shall be conducted by a board of not less than five nor more than seven Directors. and the following named shall constitute the Board of Directors and officers until their successors are elected: Albert C. Berger, President and Director: J. s. Newhart. First Vice President and Director; Carl Eiutrich. Second Vice President and Director and General Manager; Percy r. Pierce. Secretary and Director: Clay Ferrick. Treasurer. and William C. Watkins. Director; and thereafter the Board of Directors shall be elected from among the stockholders as the bylaws of the corporation may pro vide.
 Sixth: The highest amount of in debtedness or liability, direct or con tincent to which this corporation is s.t any time subject shall be Fifty Thou sand Dollars (S50, ,c00.C0.
 Seventh: The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 In Witness Whereof. we have here unto set our hands and seals this 4th day Of February. 4. D. 1902.
 WILLIAM P. CARTER. tSeaD
 PERCY F. PIERCE. tSeal)
 ALBERT C. BERGER. (SeaIp
 WILLIAM F. STEADMAN. tSeaD
 CHARLES D. PIERCE. (Seap The State of Ohio.
 County of CuyaEoga. ss.
 On this Fourth day or febfuary' A. D. 1902, before me. F. J. IhobaDen' Notary Public in and for the County and State aforesaid. residing therein, duly commissioned and sworn, person ally appeared Albert C. Berger. Percy F. Pierce. William r. Carter, William F. Steadman and Charles D. Pierce, known to me to be the persons de- scribed in. whose names are subscribed to. and who executed the annexed in strulnent. and they acknowledged to me that they executed the same for the purposes and consideration therein expressed.
 Tn Witness Whereof, I have hcrcunto sct my hand and attixcd my official seal. at my office in inc said state and 1...-1L.t .-- tl,.. l..X nnl Nclr ll.t :LhnNC