Arizona republican., 1906-01-27

(d) To issue bonds or other evidences of indebtedness. borrow money sell or 1 hypOtheeate any and all kinds of real estate and personal property, easements, stock, bonds or obligations of any other corporation owned by it. and to do and perform each and every act and thing necessary or eNpedient 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.
 (e) To purchase, leass. exchange, hire, or otherwise acquire, any and all rights privileges, pursuits. franchises or con- sessions suitable or convenient fDr any of the purposes of the uus.ness herefn- before or hereinafter mentioned or speci- fled; to erect or construct. make and i'm prove or aid or subscribe to its construc- factories storehcuses hlfldings roads docks, piers. wharves. houses for em- plOYes and others and works of all kinds and descriptions.
 (O TO guarantee the payment of the principal, or the dividends. or the In- terest. on any shares, stocAs. rondS, de hentures 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.
 (g) To make, enter into and execute contracts of every kind character and sociatiOns and corpora tions, private, 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 poratton snail be two million GZOOOeOl
 (20,00O shares of the par value of one hundred CSlOO dollars each. and the said 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 Vaiu- able right or thing, and the judgment thereof shall be conclusive.
 The incorporators ana stockholders and may designate what percentage of stock.
 Article 4 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 the office of the Territorial auditor of Arizona. and the termination thereof with privilege Of renewal as provided by
 Article 5. The affairs or this corpora directors consisting Of seven persons. and Ned Crei-htCn. J. J. Walsh, L. C. CTeiEh- Shirley Christv. IT. g. Creighton shall constitute the board of directors until the annual stockholders meeting which shall be held on the second WeCuesday in Jan uary of each year commencing in 1996. Three members of the board of directors shall constitute 9 quorum for the pur- pose Of transacting business All yacan- 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 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- gent, to which this corporation is at any time subject shall be one million two hundred thousand CS1.2O ,O0O dollars, which amount does not exceed twO-thirds the amount of the capitaI stock.
 Article L. 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 he and is hereby made forever non-asseSsabie by this cor pOration for any purpose whatsoever.
 Article s. The annual or other stock holders meetings may be held at the office 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.
 Bn witness whereof we have hereunto set our hands and seals this 2Sth day of
 H H