Arizona republican., 1906-01-23

(dD To issue bonds or other evidences of indebtedness. borrow money sell or
 otherwise dispose of. pIeGge. mortgage. hypothecate any and all kinds of real estate and personal property, ease ments, stock, including it's own stock, and the stock. bonds or obligations of any other corporation owned by it. and to do and necessary or expedient to obtain or per form for the lawful efficient and profit 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, leasb. czcnange hire, or otherwise acquire, any and all rights privileges, pursuits. franchises or con- sessions suitable or convenient fer any 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 coustruc- ton. making and improvement of mills. docks piers wharves houses for e1n- ployes and others and works of all kinds
 CD To guarantee the payment of the principal. or the dividends. or the in- terest on any shares. stocks bonds. de- bentures or ether securities issued by or any corporation whenever proper and necessary for the business or this corpo- ration or any part thereof, as herein mentioned and specified, in the opinion of it's board If directors.
 (g) To make. enter into and execute contracts of every kind. character and description with individua-s. firms. as sociations and corpora lions, 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 g. The capital stock of this cor dollars, divided into twenty thousand (20,000 shares of the par value of one hundred G1o0) dollars each. and the said stock shall be issued full paid and non assessa ble at such time as the board of directors may designate in exchange for n. #HnTnv Nnn able right or thing. and the judgment of the board of directors as to the value thereof shall be conclusive.
 The lncorporatoTs anG sIockhoider5 may provide ky bylaw that a part of the 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 date of the filing of these articles of in corporation in the county recorders of- fee of the county of Maricopa, and in the office of the Territorial auditor of Arizona, and the termination thereof shall be twenty-five years thereafter with privilege of renewal as provided by
 Article D. The affairs or this corpora ton shall be conducted by a board of directors cons sting of seven persons, and ton. J. +. Creighton, Chas. A Stauffer Shirley Christy, + $. Creighton, shah annual stockh olders' meeting which shall be held on the second WeCnesday fin Jan QaIA or cdCn year GOulAntlGluG III lSlD Three members of the board of directors shall constitute a quorum for the pur- pose of transacting business. All vacan- cieS. eltheF by death or resignation, snail 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 presi- 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 cOntin- gent, to which this corporation is at any time subject shall be one million two hundred thousand CS1.200,0 000) dollars, which amount does not exceed tWO-thirds the amount of the capitaI stock.
 Article 2. 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 here5y made forever IOn-assessable by this cor pOration for any purpose whatsoever.
 Article s. The annuat or other stock holders meetings may be held at the within or outside of the Territory of Ari- zona as may be provided by the bylaws of the corporations and at all stockhold- CTS meetings votes may be cast in per son or by proxy.
 In witness whereof we have hereunto set our hands and seals this 18th day of November I905