Arizona republican., 1903-01-01

shares of stock held by it to the same extent that a natural person might or could do; to construct erect. build buy, sell, operate or dispose of bridges, water works, smelters, 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 navi- 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 and proper in the conduct of the business ct this corporation in the Territory Of Arizona or in any other Territory or State or district of the United States of America, or in any foreign country not inconsistent with the laws Of the United States and the Territory CT Arizona.
 Third: The authorized capital stock of this corporation shall be one Mil lion Dollars 5000, ,OOO.OO) divided into one million Q.OOO,O ,OOO) shares or the par value of One Dollar ($1.OO) each Att ! may by resolution direct, said capital stock shall be paid into this corpora i tion either in cash or by the sale, or transfer to it of real or persona1 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 up and non- -assessable and in the absencs of actual fraud in the transaction, the judgment of the Board of Directors as 10 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 State of Arizona and the dura- ton thereof shall be twenty-five (25) years.
 Fifth The affairs of this corpora ton shall be managed and conducted 1 by board of 5 directors, who shah be elected on the first Tuesday in the month of October in each year and the officers of this corporation shall be q president, vice-president. secretary, treasurer and attorney. The following named shall be the board of directors for the year ending the first Tuesday in the month of October, 1903, and until their successors are elected and quail fled: Louis C. Masten, c. 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 first Tuesday. and until their successors are elected and qualified, are Louis c. Mas ten, president; c. H. N. Luhrs, vice president; J. Nj. Swetnam, treasurer; Arthur J. Edwards, attorney, and c. 5 | Scott, secretary.
 Sixth: The highest amount Of in- debtedness or liability, direct or con tingent, to which this corporation is ar any time subject, shall be One Hun dred Thousand G1OOOOO.OO) Dollars. which amount does not exceed two thirds (2-3) of the amount of the cap ital stock.
 Seventh. The private property of the stockholders of this corporation shaD be exempt from the corporate debts or any kind whatsoever.
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this End day of October. 1902.
 JAMES M. SWETNAM. (SeaD
 LOUIS C. HASTEN. (SeaD | Territory of Arizona,
 County of Maricopa ss.
 On this 2nd day of October. in the year 1902, before me. M. P. Hutchinson. a Notary Public in and for said county and territory. residing therein, duly commissioned and sworn, personally appeared Louis C. Masten and J. NJ. Swetnam, known to me to be the per- sons whose names are subscribed to this instrument. and they acknowI- edged to me that they executed the same for the purposes therein ex- pressed.
 IN WITNESS WHEREOF I nave hereunto set my hand and affixed my official seal the day and year In this instrument first above written. (SeaD M. P. HUTCHINSON,
 Notary Public, Maricopa County,
 Arizona.
 My commission expires Oct r. 1902. TERRITORY OF ARIZONA,
 County of Maricopa.
 I, B. F. McFaH County Recorder in and for the County and Territory aforesaid. do hereby certify that the within instrument was filed for rec ord at 9:2O o'clock a. m.. on this 2nd day of October. 1902. and duly recorded in Book No. F of Interpretations, Rec ords of Maricopa County. Arizona. at pages 242 to PA.
 Witness my hand and official seal the day and year above written
 B. F. M'FALL.
 County Recorder.
 First Publication December 27.