Arizona republican., 1906-01-25
ARTICLES OF INCORPORATION OF CONDON CONSTRUCTION
 COMPANY


 ARTICLES or INTERPRETATIONS OF CONDON CONSTRUCTION
 COMPANY.
 Know All Men By These Presents. That We, the undersigned. hereby associate ourselves together for the purpose of forming corporation under the laws of me Territory of Arizona. and to that First; The name of the corporation The principal office of the company in Arizona shall be at Phoenix, at which place the meeting of incOrporators shall be held for the purpose of receiving char ter, adopting bylaws. and the doing of all such other things as may be neces- sary or desirable in connection with the organization of this corporation The corporation may have such other offices without the Territory of Arizona. as may be established by the board or directors. at which meetings Of the Stockh9ldefs and board of directors may be held. At all meetings incorporators or stockhold- CTS may vote either in person or by Second: The general nature of the business of this corporation is as follows. The purchase. construction and opera tiOn of gas. water. electric light and mower plants refrigerating plants. sewer, drainage and irrigation systems, and the construction and acquisition of all land, buildings and machinery and appurte- useful in connection with same.
 Third: The capital stock of said cor
 
 fifty thousand dollars CS15O, ,OG0OO) divided into fifteen hundred O5OO) shares of the par value of one hundred dollars ($1000O each, one thousand Q.0J0 of which shares shall be common stock. and the balance five hundred (5OO shares shall be pre- Said stock shall be issued full paid and on-assessable. at such time as the board of directors may designate. in exchange for cash, property, services. or other valuable right or thing, and the judg- ment of the directors as 10 the value thereof conclusive
 The preferred stock shall entitle the holders thereof to receive out of the net earnings, and the corporation shall be bound to pay, a cumulative dividend at the rate of. but never exceeding. six (6l any dividend shall be set apart or paid on the common stock; provided, however, that whenever a dividend is paid on the preferred stock, the directors shall have power in their discretion to declare and pay a dividend for a like period on the The holders of preferred stock shall. in case of liquidation or dissolution or the corporation. before any amount shall be paid to the holders of the commol stock, be entitled to be paid the amount paid upon their shares and the dividends Accumulated and unpaid thereon. but shall not participate in any surplus as sets after paying off the whole of the paid-up capital. The preferred stock Such preferred stock, at the discretion of the company, shall be subject to re- demption at par and accrued dividends on any dividend day after its issue.
  ment of this corporation shall be the date of the filing of these articles Of 1n- of Arizona and the ternination thereof shall be twenty-five years thereafter.
 Fifth: The affairs of this corporation shall be conducted by a board or direct DTS consisting of three C3) persons. who shall be elected annually on the second day of January after the year 1906.
 The following persons shall constitute the first board of directors who shall hold office until the next annual meeting of Gtn success sors are elected and qualified: Edward J. COndon, Oscar E. Lemen and Edward Sixth: The highest amount of .ndebt- edness or liability. diTccU or contingent, subject, shall be one hundred thousdIlu dollars (SlO0,000.OO, which amount does not exceed two-thirds the amount of the Seventh: The private property of the stockholders of this corporation shall be exempt from the corporate debts of any kind whatsoever.
 Eighth: Among the powers of this cor poration are the following: (aj- To have perpetual succession. Cb) To sue and be sued by the corporate name. Co To have a common seal and alter the same at pleasure. (d) To render the shares or interests of stockholders transferable and prescribe the mode of making such transfer. Co To exempt the private prop erty of members from liability Tor the corporate debts. Cf) To make contracts, acquire and transfer property, possessing the same powers in Sucn respect sS prl- Vate individuals now enjoy. (g) To mort gage all or any part Of it's property and create mortgages, bonds, debenture bonds, and other evidences of indebted ness. (h) To establish bylaws and make rules and regulations deemed eXpedient for the management of the affairs of the corporation. not inconsistent with the constitution of the United States and the Territory of Arizona. Qk) To authorize voting by proxy at incorpOrators' and all stockholders meetings.
 It is hereby expressly provided that the foregoing enumeration of specific powers shall not be held to limit or restrict in any manner the powers Of the corpora tion. In general, the corporation shall have and exercise all the powers con ferred by the constitution of the United States and of the Territory Of Arizona and the laws under which this corpora ton is formed.
 In witness whereof, we have hereunto set our hands and seals. tnIs twenty
 RAYMOND NEWMAN. (SeaD
 CARL T. PRIME. tSeaD
 ". R. WATSON. tSeaD State of Illinois,
 County of Cook, ss.
 On this twenty-eighth day of Novem- Der, in the year one thousand nine hun dred and five, before me. John r. Hol- land, notary public in and for the State and county aforesaid residing therein, duly commissioned and sworn personally appeared Raymond Newman. William l. Watson and Carl T. Prime, known to me to be the persons described in, whose names are subscribed to, and who exc cuted the annexed instrument and they acknowledged to me that they executed the same for the purposes and consfdera- tions therein expressed.
 In witness whereof. I have hereuntO set my hand and affixed my official seal. al my Cffica, in the said State and cOuL,y, the day and year last above written.
 (SeaD JOHN F. HOLLAND.
 Notary Public My commission expires Sept. 25. 1906. ARTICLES OF ACCOMMODATIONS OF
 UNITED STATES PLANTATION
 COMPANY