Arizona republican., 1906-01-22

freight from it's principal works to some existing railroad, turnpike or public l highway To produce, manufacture. and otherwise prepare or to deal in or deal with any materials, machinery, appli- ances. supplies or products which may be used in connection with any of the ob- l jects aforesaid.
 To ho.d. purchase or otherwise acquire, ! to sell, assign, mortgage, p,sdge o. oth- eIwise dispose of the shares of the cap | ital stock, bonos, or other evidences of | debt incurred or created 5Y other corpo- ra tO1nS, and while the holder or such stock, to exercise all the rights and priv | lleges of ownership, including the right to vote thereon. to the same extent as natural person might could do; to ap- | ply for, obtain, register lease, or other sell, assign, or otherwise dispose of. any trade marks, trade names, patents, in- Ventions, improvements and processes letters patent of the United States, or of any other countries, CT otherwise. and to carry on any business whatsoever which the corporation may deem proper or convenient to be carried on in con nection with any of the foregoing pur-
 Without in any particular limiting or restricting any of the objects and pow CTS of the corporation, II 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 its business; to mortgage or pledge any property which may be acquired by it, to secure any bonds, guarantees, or other obliga- uons 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 of it's objects or purposes to do any and all other things and exercise any and all other powers, which now or here after may be permitted oy law. Third: The apital stock of the cor porati9n shall be one million five hun dred thousand dollars (s1,5O0,000, divided | i'm NnaTWa rtgsaI HHnfan aaHnN shares at the par value of five C5) dol lars each, of which fifty thousand (5o.- two hundred and fifty thousand C25O. .O00l shares of common stock. The preferred stock shall be entitled to dividends at the rate or seven per cent per annum, rom the net earnings of the company in pri- l ority to the dividends on the common stock. but with no right to any other or additional share in the earnings of the company. In the event of liQuidauon of the company the preferred stock is to receive its par value before any distribu- ton IS made on the comHIon stock. The preferred stock is issued subject to the right Of the company to redeem the same at five and oEe-half (S5.50) dollars per share tA least thirtv days notice of the proposed redemption must be given by mail, to each record stockholder: said redemption shall be of the entire issue cumulative.
 At such time as the board of directors may by resolution direct. both classes of capital stock shall be paid in. either in CaSn- or DN the sale and transfer Of real or personal property to the said corpo- ration, for its 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 be fully paid up and nOn-assessable. and the Judgment of the directors as to the value of the property purchased shall be con elusive.
 Fourth: The time of inc commence ment of this corporation shall be the corporation in the office of the auditor of Arizona thereof -h1 1 hfa twenty-five years thereafter.
 Firth; The affairs of this corporation ors consisting of seven persons who shall be elected annually by the stockholders on the second Tuesday of October in each yeer. com mmenCing in 1906.
 Sixth: The highest amount of indebt eqIless or Hablllty, direct or contingent, when this corporation is ct any time subject to shall be one million CS1, coo. GO0) collars. Which amount does not exceed two-thircs of the amount Of the capital
 Seveuth Tho o-ivate property of the stockholders of this corporation shall be e%empJ rom corporate debts or any kind
 Tn witness whereof. we have hereunto set our hands and seals this twenty-third day of October. 4. D. 1905.
 HICKMAN G. BROOKE.
 GEORGE D. IVES.
 N c. FARRELL.
 State of Massachusetts.
 County of Suffolk. ss
 Before me. Henry D. Tudor. a notary public in ana for the State and county peared Hickman c. Brooke, George D Ives and M. C. Farrell, known to me to be the persons whose names are sub scribed to the foregoing instrument. and acknowledged to me that they executed the same for the purpose and consider atiOn therein expressed.
 Given under my hand and seal of office this twenty-rhird day of October. 4. D. 1905
 CNotar;aI seaD HENRY D. TUDOR.
 NOtar-r Public.
 My commis sion expires fifteenth day of October A D. 1909.
 Flied according to law Nov. l. 1905.