Arizona republican., 1906-01-25

(d) To issue bonds or other evidences of indebtedness, borrow money. sell or hypothecate any and all kinds of real estate and personal property, easements, 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 expedient to obtain 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. lease. exchange, hire, or otherwise acquire, any ana all rights, privileges, pursuits. franchises or con of the purposes of the business herein before or hereinafter mentioned or specI- fled; to erect or construct, make and i'm prove or aid or subscribe to it's construc- ton. making and improvement of mills. factories, storehouses. buildings, roads. docks, piers, wharVes. houses for eTn- ployes and others and works of all kinds and descriptions.
 (f) 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 or any part thereof as herein of it's board of directors.
 @ To make. enter into and execute contracts of every kind. character and description with individuals, firms, as
  lie and municipal and bodies polite and with either the government of the United States, and with any State or Terrttorv and with any colony or district thereof. and with any foreign country.
 Article 9. The capital stock of this cor poTation shall be two million (SzO91OJOl dollars. divided into twenty thousand C20.O0O) shares of the par value of one hundred C1OO dollars each. and the said stock shall be issued full paid and non assessablc. at such time as the board or directors may designate in exchange for services. other able right or thing. and the judgment of the board of directors as 10 the value thereof shall be conclusive.
 The incorporators ana stockholders may provide by bylaw that part of the stock shall be preferred cumulative stock and may designate what percentage of said, stock shall be preferred cumulative
 Article 4. The time Of the commence ment of this corporation shall be the corporation in the county recorders ol- fee of the county of MaricOpa- and in the office of tRe Territq9riai, auditor of shall be twenty-five years thereafter. with privilege of renewal as provided by
 Article ,. The affairs or this corpora tion shall be conducted by board of directors consisting of seven persons, and Ned Creighton. J. J. Walsh. L. c. Creigh- shirley CbristV7 IT S. Creighton. shall constitute the board of directors until the annual stockholders meeting which shall be held on the second WeC1csday in Jan
 
 Three members of the board Of directors shall constitute quorum for the pur- pose of transactinR business. All vacau- 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 d majority of the out standing stock of the corporation. The officers of the corporation shall be presl- 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 6. The highest amount of in- debtedness or liability. direct or contiu- gent to which this corporation is at any time subject shall be one million two hundred thousand CS1.2000J0) dollars, which amount does not exceed twO-thirds the amount of the capItaI stock
 Article '. The private property of the stockholders of this corporation shall be exempt from its corporate debts of any kind whatsoever. and the capital stock Of this corporation shall be and is hereby made forever nOn-assessable 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.
 Tn witness whereof we have hereunto set our hands and seals this 2Sth day of NTr.yra ar11fl