Arizona republican., 1906-01-24

(d) To issue bonds or other evidences Of indebtedness, borrow money. sell or otherwise dispose of pleeoge. mortgage; estate and personal property, easements. stock, including its own stock. and the stock, bonds or obligations Of any other corporation owned by it, and to do and perform each and every act and thing necessary or expedient to obtain or per form for the lawful. efficient and profit able conducting of the said business in such place or places as the same by the laws thereof may be legally conducted. and to have and exercise all the powers conferred by the laws of the Territory of Arizona upon corporations
 Gel To purchase, leasb. exchange, hire, or otherwise acquire, any and all rights, sessions. suitable or convenient fer any of the purposes of the business herein lied; to erect or constrlct, make ana ln- prove or aid or subscribe to its construc- ton. making and improvement of mills. factories, Storehouses, buildings, roads, docks piers wharVes, houses for em- ployes and others and works of all kinds
 C0 To guarantee the payment of the principal. or the dividends, or the in terest or any shares, stocks. bonds. de- bentures or other securities issued by or anv Corporation whenever proper and necessary for the business or this cOrpO- ration or any part thereof. as herein mentioned and specified. in the opinion of it's board of directors.
 (g) To make enter into and execute contracts of every kind. character and
 
 sociations and corpora lions, prlVate, pub- lie and municipal and bodies polite and with either the government of the United States, and with any State or Territory and with any colony or district thereof. and with any foreign country
 Article 3. The capital stock of this cor poration shall be two million G2.O0O O00l dollars, divided into twenty thousand (20OO0) shares of the par value of one hundred (S1OO) dollars each. and the said stock shall be issued full paid and non assessable, at such time as the board of If asaf cash. property, services, or other valu- able right or thing, and the judgment of the board of directors as to the value thereof shall be conclusive.
 The in6orporatoTs anC stockholders may provide by bylaw that a part Of the stock shall be. preferred cumulative stock and may designate what percentage of said. stock shall be preferred cumulative
 Article f. The time of the commence ment of this corporation shall be the date of the filing of these articles of in corporation in the county recorders of flee of the county of MaricOpa. and in the office of the Territorial auditor of Arizona. and the termination thereof shall be twentY-liVe years thereafter, with privilege of renewal as provided by
 Article D. The affairs or this corpora ton shall be conducted by a board of ton ]. H. Creighton. Chas. A. Stauffer. constitute the board of directors until the annual stockholders meeting which shall be held on the second WeCneSlay in Jan uary of each year commencing in 1906. Three members of the board of directors shall constitute Q quorum for the pur- pose of transacting business All Vacan- cies. either by death or resignation, shall be filled by the board of directors
 Bylaws for the regulation of the cor Doration shall be hereinafter adopted by the holders of a majority of the out standing stock of tine corporation The officers of the corporation shall be preSi- dent. first vice president and second vice president. secretary and treasurer. to be selected by the board of directors. Any vacancy in any of said offices caused by resignation or death may be filled by said board of directors.
 Article G. The highest amount of in debtcdness or liability. direct or cOntin- gent to which this corporation is at any time subject shall be one million two hundred thousand (S1200,00W dollars. which amount does not exceed two-thirds the amount of the capiraI stock
 Article 2. The private prODerty of the stockholders of this corporation shall be exempt from it's corporate debts of any kind whatsoever, and the capital stock of this corporation shall be and is hereby made forever nOn-aSse eSSable by this cor pOration for any purpose whatsoever
 Article s. The annual or other stock holders meetings may be held at the office or offices of this corporation either within or outside of the Territory of Ari- zOna as may be provided by the bylaws of the corporation: and at all stOckhOld CTS meetings votes may be cast in per son or by proxy.
 Tn witness whereof we have hereunto set our hands and seals this 18th day of NOyem Der 1til5.