Arizona republican., 1906-01-26

freight from it's principal works to some existing railroad, turnpike pubic 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- jects aforesaid.
 To hold purchase, or otherwise acquire. to sell, assign, mortgage, pledge or Oth- ital stock. bonds, or other evidences of debt incurred or created Dy other corpo- ratons, and while the hold of such stock, to exercise all the rights ana priv ileges of ownership, including the right To vote thereon, 10 the same extent as natural person might or could do; to ap- ply for obtain, register lease, or other wise acquire, and to hold. use. operate. sell assign, or otherwise dispose of, any trade marks, trade names, patents in- ventions, improvements and processes used in connection with or secured under letters patent of the United States, or of any other countries, or otherwise. and to carry on any business wharsoever which the corporation may deem proper or convenient to be carried on in con nection with any of the foregoing pur- poses.
 Without in any particular limiting or restricting any of the objects and pow pressly declared and provided that the corporation shall have power to issue ponds and other obligations in payment Tor property purchased or acquired by 1t. Tor money borrowed or for any other lawful object in and about it's business; 10 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 it's 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 atd F all oLher powers, which now or here after 1, may he permitted py law.
 Third: The capital stock of the cor porati2n shall be one million five hun dred thousand dollars (S1. .50O, ,OOO), divided into three hundred thousand (3JO,000 Shares at the par value of five (S5) dol lars each. of which fifty thousand (50.- 0GO) shares are preferred over the other two hundred and fifty thousand (250. .000J shares of common stock The preferred stock shall be entitled to dividends at the rate of seven per cent per aunum from the net earnings of the company in pri- orlty to the dividends on the common stock, but with no right 10 any other or additional share in the earnings of the company. In the event of liuuidauion of the company the. preferred stock is to receive its par value before any distribu- ton is made on the common stock
 The preferred stock is issued subject 10 same al hVe and one-half G55O dollars per share. At least thirty days notice or the proposed redemption must be given redemption shall be of the entire issue outstanding if of any part. The divi- dends of the preferred stock are not cumulative.
 At such time as the board of directors capital stock shall be paid in either in cash ol. by 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 paid up and non-assessable. and the judgment of the directors as to the value Of the property purchased shall be con
 Fourth: The time of the commence IheilI or liIS corporation shall be the date or the Hing of these articles of in- corporation in the office of the auditor of Arizona, Termination thereof shall be twenty-five years thereafter
 Futh: The affairs of this corporation shall be conducted by a board of direct ors consisting of seven persons who shall be elected annually by the stockholders on the second Tuesday of October in each year. commencing in 1906
 Sixth: The highest amount of indebt- edneSs or liability, direct or contingent which this corporation is ct any time dollars. which amount does not exceed two-thirds of the amount Of the capital
 Seventh. The private property or the stockholders of this corDoration shall be exempt from corporate debts Of any kind
 In witness whereof we have hereunto set our hands and seals this twenty-third
 HICKMAN C. BROOKE.
 GEORGE D. IVES.
 Nj. c. FARRELL.
 State of Massachusetts.
 County of Suffolk ss
 Before me. Henry. D. Tudor. notary public in and for the State and county on this day personally ap- peared lliclSman C. Brooke George D. Ives and M. C. Farrell, known to me 10 be tho persons whose names are sub Scribed 10 the foregoing instrument. and to me that they executed the same for the purpose and consider alton therein expressed
 Given under my hand and seal of office this twenty-third day of October, A. D. 1905.
 CNotar:aI seaD HENRY D. TUDOR
 My commission expires ffteenth day ay'ISf of October, 4. D. 1909.
 Flied according to law Nov. l. 19o5