Arizona republican., 1906-01-26

I ld) To issue bonds or other evidences Of indebtedness, borrow money. sell or otherwise dispose of, pleCEe, mortgage. hypothecate any and all kinds of real stock, including it's 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 eXpedicnt 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. conferred by the laws of the Territory of Arizona upon corporations
 (e) To purchase. leasb. exchange, hire, or oLnerWlse acquire, any ana all rlghts, privileges, pursuits. franchises or con sessions. suitable or convenient for any or the purposes of the pus-ness herein before or hereinafter mentioned or Speci- iieuf tO erect or construct make ana lIIl- prove or ald or SuDScrlbe to It's conStruc- tion, making and improvement of mills. factories. storehouses, buildings, roads. | docks, piers, wharves, houses for en- and descriptions.
 (D To guarantee the payment Of the principal, or the dividends. or the in- terest, on any shares, stocks. bonds. de- bentures or other securities issued by or for any other contract or obligation of any corporation whenever proper and necessary for the business or this corpo- ration any part thereof, herein mentioned and specified. in the opinion of its board of directors
 (g) To make. enter into and execute contracts of every kind, character and description. with individuaIs. firms. as
  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 8. The capital stock of this cor poration shall be two million (S2OOo0OOg dollars, divided into twenty thousand (2O.O0O shares of the par value of one stock shall be issued full paid and non assessable. at such time as the board of directors may designate in exchange for cash, property, services. or other valu- able right or thing. and the judgment thereof shall be conclusive.
 The fncorporators ana 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 stock.
 Article f. The time of the commence ment of this corporation shall be the date of the filing of these articles of h. corporation in the county recorders of fee of the county of Maricopa, and in Arizona, and the termination thereof shall be twenty-five years thereafter. with privilege of renewal as provided by
 Article ,. The affairs or this corpora ton shall be conducted by a board of directors consisting Of seven persons. and Ned Creighton. J. J. Welsh L. C. Creigh- ton. J. II; Creighton, Chas- A Stauffer: Shirley Christy, H. s. Creighton, shall constitute the board Of directors until the annual stockholders meeting which shall be held on the second WeGnesday in Jan uary of each year commencing in 1906. Three members of the board of directors shall constitute a 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 poration shall be hereinafter adopted by the holders of a majority of the out standing stock of the 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 debtedness or liability. direct or contin- gent. to which this corporation is at any time subject shall be one million two hundred thousand (S1,20O.00O dollars. which amount does not exceed two-thirds the amount of the capfraI stock
 Article '. The private property 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-assessabie by this cor poration for any purpose whatsoever.
 Article S. The annuaf 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.
 In witness whereof we have hereunto set our hands and seals this 2Sth day of NoVen 1Q15