The news-herald., 1903-12-19

liquidation of the corporation, the holders OF
the preferred stock shall be entitled to receive
the par value of their preferred shares out of
the assets of the corporation before anything
shall be paid therefrom to the holders of the
common stock.
The preferred stock shall be subject to re-
demption at the option of the corporation on
the 1st day of January 1909, or on the date of
payment of any dividend prior thereto at the
par value thereof for each share and the
| amount OF the dividend accumulated and un-
paid thereon at the date of redemption. Sew
| enty-five per centum (75 per cent? of the net
earnings of the Company, less the amount re-
quired to pay the dividends of the preferred
stock shall be set apart for the purpose of ere
at1ng fund for the redemption of said stock,
and the remaining twenty-five per cent (25 per
cent?, less such amount as the Board of Direc-
tors shall set apart as reserve fund shall be
used for the purpose of paying dividends on
said common stock.
F1tth-The capital stock of this corporation
may be paid IN at such time as its Board of Di-
| rectors may by resolution direct and said CAP
1tal stock may be paid either in cash or by the
transfer to it for the purposes and uses herein
| outlined of either real or personal property of
any description whatsoever acceptable to it,
in satisfaction for which it may issue certifi-
Gates of shares of its capital stock, and the is
suance of such certificates shall be a full dis
charge for the transfer to it of such assets and
said certificates shall be fully paid and nom
| assessable
Sixth-The time of commencement of this
corporation shall be the date of filing these ar.
ticles OF incorporation in the office of the
Auditor of the Territory of Arizona, and the
termination thereof shall be TWENTY-FIVE (25)
years thereafter.
Seventh-The affairs of this corporation shall
be conducted by board of three directors, and
thefollowingnamed persons shall constitutethe
Board OF Directors until their successors are
elected and qualified: Edward Zeiger.J C Hern-
don and T.G Norris. Thereafter the Board of Di-
rectors shall be elected from among the stock
holders at the annual meeting of this Com
pany, which shall be held at the principal Of
flee of the Company, at Prescott. Arizona, on
the first Tuesday after the arst Monday in May
of each year.
The officers of this corporation shall be
President, Vice President, Secretary and Treas
urer and such other Offices as the Board of Di-
rectors may fix, and until the first annual
meeting of the stockholders and until their
successors are elected and qualified the officers
OF this Company shall be: President, T. G.
Norris; Vice President ]. C. Herndon; Secre-
tary, Edward Zeiger, and Treasurer, CONNER
cial Trust Company of Prescott, Yavapai
county, Arizona.
The highest amount of indebtedness or liza
bility, direct or contingent Gn addition to the
preferred shares), to which this corporation is
at any time subject, shall he Five Thousand
Dollars ($5O00.OO).
Ninth-The private property of the stock
holders of this corporation shall be exempt
from its corporate debts.
In witness whereof, we have hereunto set
our hands and seals this 2Sth day of Novem-
Der, 1903. EDWARD ZEIGER
T. G. NORRIS
j. C. HERNDON
TERRITORY OF ARIZONA. ! m
County of Yavapai 3D.
Before me, c. w. Herndon, Notary Public
in and for said County and Territory, this day
personally appeared the within named Edward
Zeiger, j. C. Herndon and T G. Norris person
ally known to me to be the persons whose
names are subscribed to the within instru-
ment, and acknowledged that they executed
the same for the purposes and considerations
therein expressed. Given under my hand and
seal of Office this 28th dav of November, 1903
[sEALl C. w. HERNDON, Notary Public
My commission expires April 16, 1905.
Recorded at request of Herndon & Norris
November 80, A. D. 1908, at 1886 O'Clock D. m
in Book Articles of Incorporation, pages -
ct seq, Records of Yavapai county, Arizona.
[sEALl P. j. FARLEY, County Recorder.
TERRITORY OF ARIZONA,
County of Yavapai. CO.
|, +. j. FarleV, County Recorder in for the
County of Yavapai Territory of Arizona, and
custodian of the records thereof, do hereby
certify that have compared the within and
foregoing with, and the same is full, true and
correct copy OF the Articles of Incorporation
of the martinez Water Company" as the same
appears of record in my office in Book Arti-
cles of Incorporation, pages - ct seq, Rec
ords of Yavapai county, Arizona.
In witness whereof, have hereunto set my
hand and affixed my official seal this the 3Oth
day of November, A. D. 1903
[sEALl P. J. FARLEY, County Recorder.
First publication December 5th.