Arizona republican., 1906-01-25

freight from its principal works to some existing railroad. turnpike or public otherwise prepare. or to deal in or deal with any materials, machinery, appli- ancss, supplies or products which may De used Tn connection with any of the ob- jects aforesaid.
 To hold purchase or otherwise acquire. to sell, assign, mortgage, p:edge O.: oth- erwise dispose of the shares of the cap 1tal stock, bonds, or other evidences of debt incurred or created by other coEpo- rauons and while the holder of such stock, to exercise all the rights and priv ileges of ownership. including the right to vote thereon. to the same extent as q natural person might or could do; 10 ap- Div for ob-afn register lease. or other wise acquire, and to hold. use, operate sell assign, or otherwise dispose of any trade marks, trade names. patents, in- Yentions, improvements and processes used in connection with or secured under letters patent of the United States. or of lo carry on any business. whatsoever which the corporation may deem proper or conVenient to be carried on in con ncctIon with any of the foregoing pur-
 Without in any particular limiting or restricting any of the objects and pow CTS of the corporation. Il Is hereby eX- pressly declared and provided that the corporation shall have power to issue bonds and other obligations in payment for property purchased or acquired by it. for money borrowed or for any other lawful object in and about it's business; to mortgage or pledge any property which may be acauired by it to secure any bonds. guarantees. or other obliga- tions by it. issued or incurred: to guar antee any dividends bonds. contracts or other obligations; to make and perform contracts of every kind and description: and in carrying on its business or for the sole purpose of attaining or further Ing any ot its objects or purposes, 10 do any and all other things and exercise any and all other powers. which now or here aLLGr may be permitted Dy law.
 Third; The capital stock of the cor porati2n siiall be one million five hun dred thousand dollars G1,50OGOO, divided into three hundred thousand (3o0,000 shares at the par value Of five (S5) dol lars each. of which fifty thousand (5o.- OG0) shares are preferred over the other two hundred and fifty thousand (250,G00l shares of common stock The preferred stock shall be entitled to dividends at the rate of seven per cent per annum. from the net earnings of the company in pri- ority to the dividends on the common stock. but with no right to any other Or additional share in the earnings of the company. Tn the event of liquidarIon of the company the preferred stock is to receive its par value before any distribu- ton Is made on the common stock.
 The. Eref5 rred stock is issued subject to the right of the company tO redeem the per share At least thirty days notice of the proposed redemption must be given by mail, to each record stockholder; said redemption shall be of the entire issue outstandinls if of any part. The divi- dends of the preferred stock are not
 At such time as the board of directors may by resolution direct. both classes Of capital stock shall be paid in, either in cash. or bv the sale and transfer of real or personal property to the said cOTpO- ration, for it's uses and purposes in pay ment for which capital stock may be is sued. and the stock so issued shall there upon and thereby become and he fuIiy paid up and nOu-assesSable. and the judgment of the directors as to tha value of the property purchased shall be con
 Fourth The time of the commence ment of this corporation shall be the corporation in the office of the auditor or Arlzona. Termination thereof shall be twenty-five years thereafter.
 Firth: The affairs of this corporation shall be conducted by a board of direct prs consisting of seven persons who shall on the second Tuesday of October in each year. commencing in 1906.
 Sixth: The highest amount of indebt- edness or liability, direct or contingent which this corporation is at any time subject to shall be one million CS1. .O16 COO two-thirds of the amount of the capital
 Seventh The private property of the stockholders of this corporation shall be exempt from corporate debts Of any kind
 In witness whereof. we have hereunto set our hands and seals this twenty-third
 HICKMAN c. BROOKE.
 GEORGE b " ES.
 M. C. FARRELL.
 State of Massachusetts
 County of Suffolk s1
 Before me Henry D. Tudor a notary aforesaid. on this day personally ap- peared Hickman c. Brooke. George D. Ives and N. C. Farrell known to me to be the persons whose names are sub scribed to the foregoing instrument, and acknowledged 10 me that they executed the same for the purpose and consider atiOn therein expressed.
 Given under my hand and seal of office 1905.
 CNotar.ai seaD HENRY D. TUDOR.
 Notary Public.
 My commission expires fifteenth day of October. A. D. 1909.
 Filed according to law Nov. l. 1905. ARTICLES OF INCORPORATION OF