Arizona republican., 1905-01-31
LEGAL. ADVERTISEMENTS.
ARTICLES OF INCORPORATION
Of the National Land and Develop
 ment Company.

tNANOW ALL MEN 3 lftESol l.
 PRESENTS: That we, whose sigma
 lures are hereunto attached, do hereby
 associate ourselves together for the
 purpose of forming a corporation un-
 der the laws of the territory of Ari-
 ZOna, and to that end make the follow
 ing statement:
 First: The names of the incorpora-
 tors are: Robert A. Kirk, Frederick
 R. Bigelow, Edward A. Konantz, Ed
 ward Howard Morphy William G.
 Strickland, William C.. Edwards Allan
 Black, Charles Straus and Philip
 Gilbert, all of the city of St. Paul,
 county of Ramsey and state of Minne-
 sota and L. H. Chalmers, H. B. Will
 kinson, James w. Mccormick. and N.
 A. Morford of the city of Phoenix, Mar icopa county.
 Second: The name of this corpora
 ton shall be The National Land & De-
 velopment company. The principal
 place in which the business of said 1 corporation, within the territory of
 Arizona, is to be transacted shall be l Phoenix, in the county of Maricopa.
 The principal place in which the busi- | ness of said corporation, outside the l territory of Arizona, is to be tran | sacted, shall be the city of St. Paul, | in the county of Ramsey and state of l Minnesota, at which place meetings of the board of directors may be held. And the board of directors may meet and act at such other place or places
 as they may determine; either within
 or without the territory of Arizona; and the meetings of the stockholders of the corporation may be held at the said city of St. Paul, county of Ram sey and state of Minnesota, or at such
 other place or places as may be deter
 mined by the board of directors.
 Third: The general nature of the business proposed to be transacted by this corporation is as follows, towit To make contracts, to purchase, lease, ] bOnI locate or otherwise acquire, own, exchange. sell or otherwise dispose of, ! pledge. mortgage, hypOthecate and deal in real estate and any and all kinds of personal property, mines, mining l lands, oil lands gas lands, mineral | lands of all kinds, oil, gas asphaltum, ! petroleum, asbestos salt, water rights l and water machinery, and to work ] mines of all kinds, explore, operate and ] develop the same, to drill wells for oil | explore and develop oil lands and Oper- . ate oil wells and market the product . thereof, to lay, erect and maintain oil, l gas and water pipelines for the pur- pose of transporting oil, gas and .
 
 points or places desired in the terri tory of Arizona, or elsewhere, and to acquire the right of way therfOr, and to do a general real estate. manufac- turing and mercantile business, and to own, handle and control letters patent and inventions and shares of cOrpor- ate stock of other corporations; to borrow money and exchange notes, bonds, mortgages or deeds of trust to secure the same, and to exercise in respect of all such bonds, mortgages, notes, shares of capital stock and other securities and obligations, any and all rights, power and privileges of indi- viduaI owners thereof. including the right to vote upon any shares of stock held by it to the same extent that 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 of Arizona or elsewhere.
 Fourth: The authorized amount of capital stock of this corporation is $500 OOOOO divided into three thousand (300O) shares of the par value of one hundred dollars $1OO.OO) each, of which one thousand (1OO0) shares shall be preferred stock and two thou sand (2OOO) shares shall be common 4 both as to assets and dividends and out of the net earning of this cOrpOr- ation the preferred stock shall first be entitled to dividends amounting to seven CD per cent per annum before the common stock is entitled to any dividends whatsoever, and in the dis of the assets of this COrpOr- 1 ation the said preferred stock shall also ! be preferred, and all outstanding pre- rerred stock shall be taken up and paid in full at par before any distribution of assets is made to any holder of com : mon stock. The board of directors may : lt any time when they deem it advis- able pay out of the assets of the cor z poratiOn to the holders of the prefer | red stock the par value thereof, to- sether with all accrued dividends and -hereupon said preferred stock shall be cancelled. Or, at the option of the iaid board of directors they may pay .o the holders of the preferred stock a )ro-rata share of their stock at par, md thereupon said preferred stock ( shall be reduced by the amount of such z layment. The payment for the pre- erred stock shall be in cash at par. wenty (2O per cenO per cent : hereof at the time of the subscription O md the balance in monthly install ' nents not to exceed ten (10 per cenO A per cent in any one month as called ' or by the said board of directors. The . common stock shall be paid for at - uch time and in such manner as the board of director may determine and = nay be paid for by personal services IT by the sale and transfer to this cor s 2oration of real or personal property [ or the uses and purposes of this cor A ,OratIon and certificates issued there or. and such common stock so issued @ hail thereupOn and thereby become :, ully paid and nOn-assessible and in = he absence of actual fraud in the tran - action the Judgment of the said board \ r directors shall be conclusive as to he value of the services rendered and !, n be rendered, and as to the value of s he prOl eIty purchased or acquired. 5
 Fifth: The time of the commence 1cnt of this corporation shall be the Of filing of these articles Of