Arizona republican., 1903-05-18

the same in all the navigable waters of the earth.
 (d) To engage in, conduct and carry on manufacturing. mining. mercantile. mechanical and commercial businesses | in all their branches; to purchase, | build own, maintain, use. operate. lease and sell warehouses. shops. fac l tories, mills, plants, stores, refineries. and grant to other persons, firms O. corporations the right or privilege to carry on any lawful business whatso- ever on the lands or premises of the l corporation, on such terms as the d- rectors shall deem expedient or proper. Gel To construct and erect buildings; rto take, acquire, purchase. sell. lease. mortgage, construct. erect, hold. main tain, and conduct hotels and lodging houses. and all businesses incident thereto, and connected herewith. (O To issue shares of stock. deben- lures, bonds. and other obliga tions, and to invest the money so obtained in car rying out the purposes set forth in this 1 certificate; to purchase. acquire, hold and dispose Of its stock, bonds and oth- CT evidences of indebtedness of any cor poration. domestic or foreign. and n
 
 bonds and other obligations; to ac- quire the good will. rights and property of any person. firm, association or cor poration; to pay for the same in cash. the stock of this company, bonds or otherwise; to borrow money and exc cute notes. bonds. mortgages or deeds of trust to secure the same; to exercise in respect to all of said bonds. mort gages. notes, shares of capital stock securities and other obligations, any and all the rights and powers of indi- vidual owners thereof.
 (g) To guarantee the payment Of dividends or interest on any shares. stocks, bonds. debentures of other se- curities issued by or any ether con- tract or obligation of any person. firm. ! association or corporation with whom. or with which, this corporation may at any time have contractual relations. (h) To apply for, purchase or other wise acquire, and hold, own. use. ope- rate, and to sell, assign or otherwise dispose of, or to grant licenses in re- spect of, or otherwise turn to account any and all inventions. improvements. processes and formulae, used in con- ncction with said company's business and letters patent of the United States. the Republic of Mexico, or any foreign country.
 CD To do all and everything neces- sary. suitable and proper for the ac- complishment of any of the purposes, or the attainment of any of the ob- jects. or the furtherance of any of the powers hereinbefore set forth. either as principal or agent, or in association with other corporations, firms or in dividuals; and to do every other act or acts. thing or things incidentally per taining to. or growing out oi or con nected with, the aforesaid business or powers. or any parts thereof. provided the same be not inconsistent with the laws of the Territory of Arizona, or the laws of the place where said powers are exercised.
 FIFTH: The total authorized capi- tai stock of this corporation shall be one hundred and fifty thousand dollars (s150.0O0). divided into fifteen hundred shares of the par value of one hundred dollars (s100) each. At such time as the Board of Directors may by resolu- ton direct. said capital stock shall be paid in, either in cash or by sale ami transfer to the corporation of real or personal property for the uses and pur- poses of said corporation, and the shares of capital stock issued therefor shall thereupon become full paid and non- -assessable: and in the absence of actual fraud, the Judgment of the di- rectors as to the value of the property purchased shall be conclusive.
 SIXTH: 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 C0un- ty Recorder of Maricopa county. Ari- zona, and the termination thereof shall be twenty-five years thereafter.
 SEVENTH: The affairs of this cor poration shall be conducted by a board of three directors and the following named shall constitute such board un- til their successors are elected: Wii- liam l. Overstreet, Sylvan Lehmayar and Adolph Gagg. Thereafter the Board of Directors shall be elected from among the stockholders on the first Monday in May of each year.
 The officers of said corporation until their successors are elected shall be:
 William I. Overstreet President
 Sylvan Lehmayer. Secretary.
 Adolph Gagg, Treasurer.
 EIGHTH: The Bylaws of this cor poration shall be framed by the Board of Directors, and said directors shall have power to alter, amend and rescind the same at any general meeting of the board, or at a special meeting called for that purpose.
 NINTH: The highest amount of i'm debtedness or liability, direct or con- tingent to which this corpora tion is al any time subject, shall be one hundred thousand dollars ($1OO.OOO). which amount does not exceed two-thirds of the capital stock.
 TENTH: The private property of the stockholders of this corporation shall be exempt from the corporations debts Of any kind whatsoever.
 IN WITNESS WHEREOF, we have hereuntc set our hands and seals this 2Sth day of April 1905
 WILLIAM I. OVERSTREET. (SeaD
 SYLVAN LEHMAYER. (SeaD
 ADOLPH GAGG. (SeaD State of New York,
 County of New York SC