Arizona republican., 1905-01-28
LEGAL ADVERTISEMENTS.
ARTICLES OF INCORPORATION
Of the National Land and Develop
 ment Company.

KNOW ALL MEN BY THESE 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- 2ona, 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 Mime sota, and L. H. Chalmers, H. B. Will kfnson. James w. Mccormick, and N. A. Morford of the city of Phoenix, Mar icopa county.
 Second: The name of this corpora tion shall be The National Land & De- velopment company. The principal place in which the business of said corporation, within the territory of Arizona, is to be transacted shall be Phoenix in the county of Maricopa l Tie principal place in which the busi- ness of said corporation, outside the | territory of Arizona, is to be tran sacted, shall be the city of St. Paul, in the county of Ramsey and state of 1 Minnesota, at which place meetings of the board of directors may be held ] And the board of directors may meet l 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 l this corporation is as follows, towit: To make contracts, to purchase, lease,
 toul. locate or otherwise acquire, own ! exchange sell or otherwise dispose of, 1 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 and water machinery, and to work l 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 1 thereof, to lay, erect and maintain oil, gas and water pipelines for the pur-
 
 water to and from any and all l points or places derircd 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 Q 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 oi
 Arizona or elsewhere.
 Fourth: The authorized amount of , capital stock of this corporation Is
 s20O 900 co divided into three thousand (3OOO) shares of the par value of one . hundred dollars SGOOOO) each, of f which one thousand (1OOO) shares
 shall be preferred stock and two thou
 sand (2OOO) shares shall be common , stock The preferred stock is preferred I both as t0 assets and dividends, anC ; out of the net earning of this corpor- . ation the preferred stock shall frs T be entitled to dividends amounting t' seven CD per cent per annum before f the common stock is entitled to any }. dividends whatsoever, and in the dis
 tributiOn of the assets of this corpor . ! ation the said preferred stock shall als' }, be preferred. and all outstanding pre- k | ferred stock shall be taken up and Dai' r. in full at par before any distribution 2 assets is made to any holder of com mon stock. The board of directors ma. . at any time when they deem it adNls
 able pay out of the assets of the cor - porati0n to the holders of the prefer
 rcd stock the par value thereof to
 g;ether with all accrued dividends an - thereupOn said preferred stock shall b
 cancelled. Or. at the option Of tn 4 said board of directors they may pa - to the holders of the preferred stock 70 pro-rata share of their stock at pa n and thereupon said preferred stoc d shah be reduced by the amount of sue ,r payment. The payment for the pre- m ferred stock shall be in cash at pa m twenty C2O per cenD per cer 10 thereof at the time of the subscriptO 4 and the balance in monthly install B. ments not to exceed ten (10 per cent
 per cent in any one month as caliC ,s for by the said board of directors. I'll m common stock shall be paid for
 such time and in such manner as Il . board of directors may determine ar .; may be paid for by personal service l.: or by the sale and transfer to this col
 poration of real or personal proper
 for tle uses and purposes of this co
 poratlon and certificates issued ther
 for. and such common stock so issue - shaiI thercupon and thereby becOn 2- fully paid and non -assessible and ". the absence of actual fraud in the tral 4. sactiOn the judgment of the said boa he or directors shall be conclusive as on the value of the services rendered al 1'- to be rendered, and as to the value