The Arizona sentinel., 1906-02-21

purpose of generating electrical power, and to sell or lease power so furnished by eleetri- cal machinery; to manufacture, sell and lease artificial light generated by electricity; to manufacture, purchase or sell gas, and to build, operate, hold and sell electric light and power plants, and purchase, hold and sell patents, patent rights, and licenses thereto appertaning to manufacture, buy and sell all kinds of merchandise to borrow money; to issue and sell it's bonds secured by mortgage or trust deed on any or all of it's corporate property; to purchase, acquire; own, preempt, and sell it's own stock and bonds and the stock and bonds Of other private or public | corporations. and to do and perform all things necessary to transact the affairs and business of the corporation, within and with out the Territory of Arizona, requisite and | proper for the purpose of carrying on any or all of the business herein specified.
 ARTICLE 3. The amount of capital stock of said corporation shall be one million dollars. to be divided into l,000,OO0 shares ofthe par value of l,00 each. Six hundred thousand shares shall be common stock and four hundred thousand shares shall be pre- ferred stock. The preferred stock shall be entitled to cumulative dividends at the rate 1 of six per cent per anuum, payable semi annually ont of the earnings of the corpora ton; before any dividend is paid upon the common stock. Such preferred stock shall not entitle the holder thereof to any voice in the management of the corporation, nor to vote therein at any meeting of the corpora tion. Such preferred stock may be retired by the corporation at any time by the payment of the holders of the same the par value thereof with accumulated dividends. Which capital stock of Sl ,000,006 when issued shall l be paid in, either cash or by the sale and transfer to it of real or personal property for the uses and purposes of said corporation, in payment for which shares Of the capital stock may be issued and the capital stock soissued shall thereupon and thereby become and be fully paid up and non-assessable and the judg- ment of the Board of Directors as to the value of the property purchased by the corporation shall be conclusive.
 ARTICLE i, The time of the commencement of this corporation shall be the date of filing of these Articles of Incorporation according to law, and the termination thereof shall be twenty-five years thereafter, unless the same be renewed pursuant to the laws of Arizona before termination thereof.
 ARIlCLE nc dllStiAS LII thio COlpOItIOi shall be conducted by Board of five Direct ors and the following-named shall constitute such Board and the officers of the corpora tion uutil their successors are elected and qualified: Wm. H. Fuller, President and Di- rector; J. NJ. Mcleod, Vice-President and Di- rector; Paul Winton, Secretary and Director; c. T. Torrey, Director; and G. H. Payne, Di- rector. Thereafter the Board of Directors shall be elected from among the stockholders at their annual meeting. The first annual meeting of this corporation shall be held on the first Tuesday in February, 1907, and there after on the first Tuesday in February each year. A majority of the Board of Directors shall be a quorum, and any meeting of the Board at which a quorum is present shall be deemed regular meeting and have the same authority as full Board, whether notice of the meeting shall have been first given to the absent members of the Board or not.
 ARTICLE 6. The officers of this corporation shall be President, Vice President, Secretary and such other officers as the Board of Di- rectors may deem necessary and shall create and appoint from time to time for the proper transaction of the business of this corporation. ARTICLE :. The President, Vice-Prcsident, Secretary and directors of this corporation shall hold office for the term of one year from their election, and until their successors are duly elected, unless Director shall cease to be a stOckholder, in such case, his office shall be declared vacant, and such vacancy filled by the remaining members of the Board, and said Board of Directors shall have power to fill any vacancy in the Board of Directors of said corporation.
 The hiOlpSt amount of in6ebf- edness or liability to which this corporation shall at any time subject itself shall be Five Hundred Thousand Dollars.
 ARTICLE 9. The private property of the stockholders of this corporation shall be eX- empt from all corporate debts and liabilities of every kind, and the stockholders of this corporation are hereby exempted from all lia- bility and debts of the corporation.
 ARTICLE To- The capital stock of this cor poration shall be non-assessable,a and each cer- tificate thereof shall state upon it's face the number of shares represented thereby, and that the same is fully paid and non-assessable.
 ARTICLE Il. The Board of Directors shall have power to borrow money for any purpose for the corporation; and power to exc cute corporate notes or coupon bonds of the corporation therefor and to secure the pay ment of it's notes or coupon bonds by mort gage ar trust deed upou the property of the corporation, or in any other manner desig- mated by law or by the bylaws of the corpo- "a ton.
 ARTICLE l2. The Board of Directors of the corporation shall have the power to pass by laws, and to make amendments thereto. and the said corporation shall have power to in- crease or diminish it's capital stock by ma jority vote of it's stockholders represented at any regular stockholders meeting, or at any special meeting of the stock by publishing the same in the manner as is provided by law for the recording and publishing of these Articles of Incorporation.
 In witness whereof, we have hereunto set our hands and seals this 29th day of January, A. D. 1906.
 Vim. H. Fuller. J. M, Mcleod,
 Paul Winton. State of California, lee
 County of Los Angeles, ''
 Before me, Ada B. Coleman, a Notary Pub lie in and for the County of Los Angeles, State of California, on this day, personally ap- peared Wm. H. Fuller, J. NJ. Mcleod and Paul Winton, all of the County of Los Angel eS, State Of California, known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged to me that they executed the same for the purpose and consideration therein expressed.
 Given under my hand and seal ofoffice this 29th day of January, A. D. 1906.
 ISeall Ada B. Coleman,
 pt1bl io in fOr h0 Of