The Arizona sentinel., 1906-02-28

all other kinds of pipe for conducting and distributing water, and develop cement beds and manufacture hold and sell commercial, ccement; to acquire by appropriation, condem nation, purchase or otherwise the ownership of water, water rights and water privileges and franchises, and to hold, use, sell or lease the same or any part thereof for domestic, irrigation brother beneficial uses: to appro- priate, sell, hold, rent, distribute and supply water, water rights and privileges to the pub- lie; to manufacture, hold, store and sell man. ufactured ice; to purchase and construct ma chincry and mechanical structures Tor the purpose Of generating electrical power, and to sell or lease power so furnished by eleetrl- cal machinery; to manufacture. sell and lease artificial light generated by electricity; 1 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 appertaining; 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 its 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 100000 shares Ofthe par value of Sl DO each. Six hu undred 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 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- ton. 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 sI ,OO0,OO6 when issued shall 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
 
 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 l 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.
 ARTICLE5. The affairs of this corporation 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 Tuesd; y 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 a President, Vice President, Secretary and such other officers as the Board of Di- rectOrS may doom necessary and shall create and appoint from time to time for the proper transaction of the business of this corporation.
 ARTICLE :. The President, Vice-President, 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 stoekhOlder, 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.
 ARTICLES. The highest amount of indebt- edness or liability to which this corporation shall at any time subject itself shall be Five Hundred Thousand Dollars
 ARTICLE g.. The private property of the stock holders 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- biity and debts of the corporation.
 ARTICLE 10. The capital stock of this cor | poration shall be non-assessa ble, and each cer. 1 tificate thereof shall state upon its face the number of shares represented thereby, and | that the same is fully paid and non-assessable ARTICLE II. 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 desg mated by law or by the bylaws of the corpo ra tion.
 ARTICLE l2. The Board of Directors of the l 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, ol at any special meeting of the stock holders called for that purpose, and | 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 sci our hands and seals this 29th day of January | A. D. 1906.
 Wm. H. Fuller.
 J. M, Mcleod,
 Paul Winton.
 State of California,
 l County of Los Angeles ""
 Before me, Ada E. Coleman, a Notary Pub lie in and for the County of Los Angeles