Arizona republican., 1905-02-21

InlrO.r The prlnclpai place or DuSl- ness within the territory of Arizona for transaction Of corporate business shall be Phoenix. Maricopa county. and the corporation may by resolution oE the board of directors, establish ana maintain branch offices either within or without the territory of Arizona where meetings of the board of direct Ors may be held, and any business 0s the corporation consistent with the laws of the territory of Arizona may be transacted.
 Fourth: The general nature of the business proposed to be transacted br this corporation within or without th- territory of Arizona is, to wit: The irrigation, reclamation and cuItivatioa of arid and other lands; to locate pur- chase, lease, bond or otherwise acquire own. hold exchange, sell or otherwisa dispose of, pledge. mortgage. hypOthe- cate and deal in real estate and any and all kinds of personal property: tJ purchase, develop, locate. sell. lease water. water power, transport and deliver the same; to erect pro duce, purchase, sell, lease. electric plants and electricity. gas. gas plants and other lighting and mOtor power; to construct. own lease and op- crate street cars and lines, tramways turnpikes. and canals in connection with the property of this corporation or otherwise. or leading to or from tho principal works; to acquire. own lease. handle and control letters patent and inventions, and shares of capital stock of other corporations; to borrow mo ney and execute notes, bonds. mort gages or deeds of trust. to secure the , same. and to exercise in respect to all such bonds, mortgages, notes, share of capital stock and other securities and obligations any and all rights powers and privileges of individual owners thereof including the right Ca vote upon any shares of stock held by 1t, to the same extent that a natural person might or could do; to conduct a general mercantile business in all its various branches, to conduct a general butcher business. a general blacksmith business and wheelwright business. a general hotel business. a general corral and livery business; to buy, breed. raise and sell cattle, and any and all other varieties of livestock, to do a general farming and ranching business in all its branches. and to do all things nee essary to the proper conduct of the affairs of the corporation
 Fifth: The authorized amount or capital stock of this corporation shall
 
 (s15o.0 .0OO) Dollars, divided into five hundred (5O0) shares Of preferred stock of the par value of One Hundred (S1O0) Dollars per share, and two thousand (2,000) shares of common stock of the par value of Fifty (s50) Dollars per share.
 At such time as the board of direct ors may by resolution direct. said cap ital stock shall be paid into this cor poration either in cash or by sale and transfer to it of real or personal prop erty, or services actually rendered. for the uses and purposes of said corpOr- atiOn. in payment for which. shares Of the capital stock Of said corporation may be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and non assessable;
 Dividends on the common stock Of this corporation shall be subject tO. and conditioned upon. the payment of Interest at seven per cent per annum and eight per cent dividends per an mum on the preferred stock issued by this corporation, until the face value of said preferred stock has been fully paid. After which, said preferred stock shall be entitled, only. to seven per cent dividends per annum; provided this provision in favor of the preferred stock shall be in force until waived in writing by the holders of three-fOurths of the preferred stock outstanding
 Sixth: The time of the commence ment of this corporation shall be the day of the filing of a certified copy of these articles according to law, and the termination thereof shall be twenty five years thereafter
 Seventh: The affairs of this cOrpOr-
 
 five directors and the following named shall constitute the board of directors until their successors, duly elected and qualified, shall take their place: Frederick R. Kenyon. Charles H. Pratt, Dick Wick Hall, Charles B. Caldwell and William H. Stilwell- Thereafter. the board of directors shall be elected from the stockholders on the first Mon day of March of each year The Ofii- cers of said corporation. until their successors are elected, shall be Fred erick R. Kenyon, President, Charles H. Pratt, vice President, William H. Stil- well, Treasurer, Dick Wick Hall. Sec retary, Charles B. Caldwell. Auditor
 The board of directors shall have the power to adopt bylaws; and prescribe the duties of the officers of the cor poration, the calling and holding oE regular and special meetings of stock holders and directors. such rules ana regulations as are deemed eNpedient to the good management of the com pany and to fill all vacancies amOns the directors and officers of the com pany; and at any time by unanimous resolution. when deemed eXpedient. Go increase the number of directors O- said corporation to seven: majority of the board of directors shall consti- ute a quorum for the transaction o- corporate business except where other wise expressly provided.
 Eighth: The highest amount of i'm debtedness, or liability. direct of con tingent to which this corporation is a- any time subject shall not eXcee1 Fifty Thousand CS5O. GOOD Dollars
 Ninth: The private property of the stockholders of this corporation shall be exempt from all corporate debts
 In witness whereof, we have hereuuto