Arizona republican., 1906-01-27

freight from its principal works to some highway. To produce, manufacture, and otherwise prepare. or to deal in or deal with any materials. machinery. appli- arces, supplies or products which may be used m connection with any of the ob- jects aforesaid.
 To hold. purchase. or otherwise acquire, 10 sell, assign, mortgage, pIedge or oth- erwise dispose of the shares of the cap debt incurred or created by other corpo- rations, and white the holder of such stock to exercise all the rights and priv lleges of ownership including the right 10 vote thereon, to the same extent as a natural person might or could do; to ap- ply Tor. oDtaln, register. lease. or other wise acquire, and 10 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 whatsoever 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 CTS of the corporation. II IS hereby eX corporation shall have power to issue bonds and other obligations in payment Lcr property purchased or acquired by 1t. lawful object in and about it's business; to mortgage or pledge any property which may be acquired by it, to secure any bOndS guarantees. or other Obliga- tions by it. issued or incurred. to guar antce any dividends bonds contracts or orher obligations; to make and perform contracts of every kind and description; ana m 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 after may be permitted Dy law.
 Third: The capital stock of the cor dred thousand dollars (si. 5OO.OOO). divided into three hundred thousand (3OO,O lars each, of which fifty thousand (59- OO0) shares are preferred over the other two hundred and fifty thousand C250,OJ0l slares or common stock The preferred stock shall be entitled to dividends at the rate or seven per cent per annum. from the net earnings of the company in pri- Ority to the dividends on the common stock, but with no right to any other additional share in the earnings of the company. In the event of NqUidauion of the company the preferred stock is to receive its par value before any distribu- ton is made on the common stock.
 The pref rIe1 stock is issued subject to the right of the company to redeem the per share. At least thirty days not.ce ot the proposed redemption must be given by mall, to each record stockholder; said IeuempuOn 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 may by resolution direct. both classes of capital stock shall be paid in. either in cash. or by the sale and transfer of real or personal property to the said corpo- ra-iCn for its uses and plIrDosas in nay mcnt for which capital stock may he 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 elusive
 Fourth: The time Of the commence ment of this corporation shall be the date of the filing of these articles of in- corporation in the office of the auditor of Arizona. Termination thereof shall be twenty-five years thereafter.
 t1fth: The affairs of this corporation shall be conducted Try 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
 edness or liability direct or contingent. which this corporation is ct any time subject to shall be one million Gl.00000O dollars, which amount does not exceed two-thirds of the amount of the capital stock.
 Seventh. The private property of the exempt from corporate debts or any kind whatsoever
 In witness whereof. we have hereunto set our hands and seals this twenty-third day of October, A. D. 1905.
 HICKMAN C. BROOKE.
 GEORGE b IVES
 NJ. C. FARRELL.
 State of Aassac achusetts.
 County of Suffolk ss
 Before me. Henry. D. Tudor a notary public in and for the State and county aforesaid. on this day personally ap- peared Hickman c. Brooke. George D Ives and NJ. C. Farrell. known to me to scrtbed to the foregoing instrument. and acknowledged 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.
 CNotar.aI Se.D HENRY F. TTrDOR