The news-herald., 1903-01-03
States and the Territory of Arizona.
Article Ill

Among the powers Of this body cor
porate shall be to have perpetual sue
cession; sue and be sued by it's corpor-
ate name; to have a common seal and
alter the same at pleasure; to prescribe
the mode of making transfers of stock
or interests of it's stockholders; tC
make contracts to acquire and transfer
property of every kind and descrip-
ton, both real and personal; to possess
and exercise the same powers in sucl
respects as private individuals now
enjoy; to establish bylaws and make
all rules and regulations deemed ex-
pedient for the management of its
affairs, not inconsistent with the laws
and constitution of the United States
and the laws of the Territory of Ari-
zona.
per annum, payable semi-aanlally, and
The amount of the capital stock OF
this corporation shall be two million
five hundred thousand ($2,500 OO000)
dollars, divided into twenty-five thou
sand (25,OOO) shares of the par value
of one hundred ($100) dollars each
fully paid up and forever non-assess-
able The said capital stock shall be
of two classes, viz, preferred and COM
mon. The preferred stock shall draw
dividends at the rate Of twelve per cent
said preferred stock shall be issued ex-
shall be cumulative as to dividends
and preferred as to capital, and no more
than five thousand $4,000 shares OF
by the stockholders of the corporation
cept by the written consent of at least
two-thirds in amount of the holders of
said preferred stock then issued.
Article v.
The time of the commencement OF
this corporation shall be the date of the
filing of these articles of incorporation
in the office of the Secretary of Ari-
zona, and the termination thereof shall
be twenty-five (25) years thereafter.
Article VI.
The affairs of this corporation shall
be conducted by board of five 90 di.
rectors, who shall be elected annually
by the stockholders of this corporation.
and who shall have the power to do or
cause to be done all things that are
proper to be done by the corporation
and may do or cause to be done any
and all things which the stockholders
may do except to elect directors.
Article VII
The highest amount of Indebtedness
direct or contingent, to which this cor
poration shall subject itself at any time
is five hundred thousand ($50O, 900. 0O)
dollars.
Article VIII.
The private property of the stock
holders of this corporation shall be
exempt from all corporate debts.
In witness whereof, we have here
unto set our hands and seals this 7th
day of October, A. D. 1902.
G. M. NELSON. (SeaD
VIM. ELY BRAMHALL. (SeaD
State of Minnesota,
County of Ramsey, SIS.
On this 7th day of October, in the
year 1902, before me, II. F. Chapin. a
Notary Public in and FOR the state and
county aforesaid, residing therein.
duly commissioned and sworn, person
ally appeared G. M Nelsoa. and VIM
Ely Bramhau, to me known to be the
persons described in, whose names are
subscribed to, and who executed the
annexed instrument, and each acknowl-
edged to me that he executed the same
for the purposes and considerations
therein expressed.
In witness whereof, I have hereunto
set my hand and affixed my official seal
at my office in the said state and coun-
ty, the day and year last above written.
(SeaD H. F. CHAPLIN,
Notary Public, Ramsey County, Mime
sota
My commission expires Oct. 3, 1909.
Territory of Arizona
County Of Maricopa, SIS.
I, B. F. McFall, County Recorder in
and for the county and territory afore-
said, do hereby certify that the within
instrument was filed for record at POS
O'Clock p. m. on this 18th day Of Octo-
Der, 1902, and duly recorded in Book
No. II of interpretations, Records of
Maricopa County, Arizona, at pages
295 to 298..
Witness my hand and official seal
the day and year ABOVE written.
B. F. McFALL,
(SeaD County Recorder.
BY A. S. ARTHUR,
Deputy.
ARTICLES OF INCORPORATION