Arizona republican., 1906-01-22

(d) To issue bonds or other evidences otherwise dispose of, plecge. mortgage, hypOthecate any and all kinds of real estate and personal property. ease1cie ents, Is stock, bonds or obligations of any other corporation owned by it. and to do and perform each and every act and thing necessary or expedient to obtain or per form for the lawful. efficient and profit able conducting of the said business m 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.
 Co To purchase, lease excnange, hire, or otherwise acquire, any ana all rlgnts' privileges, pursuits. franchises or con sessions suitable or convenient for any of the purposes of the business herein before or hereinafter mentioned or sDeci- fled :. to erect or construct, make and im- prove or aid or subscribe to its construc- tion. making and improvement of mills. docks piers wharves. houses for em- ploves and others and works or all klnds
 CO TO guarantee the payment of the principal. or the dividends. or the ln- terest on any shares. stocks. bonds. de bentures or other securities issued by or any corporation whenever proper ana necessary for the business or this corpo- mentioned and specified, in the opinion of it's board of directors.
 (g) To make. enter into and execute contracts of every kind. character ana description with individuaIs, 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 IerrltorV and with any colony or district thereoI, and with any foreign country.
 Article 3. The capital stock of this cor poration shall be two million CS20OO0JOg dollars, divided into twenty thousand (20,00O shares of the par value Of one hundred G10O dollars each, and t-e said stock shall be issued full paid and non assessable. at such time as the board or directors may designate in exchange Tor cash, property. services, or other her, ,IIi- ysdu- of the board of directors as to the value thereof shall be conclusive
 may provide by bylaw that part Of the stock shall be preferred cumulative stock 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 or fee of the county of Marcopa, and in the office of the Territorial auditor of Arizona, and the. termination, thereof with privilege of renewal as provided by law.
 Article g. The affairs or this corpora ton shall be conducted by a board of directors consisting of seven persons. and Ned Creighton. j. J. Welsh l.; C.; Creign- ton. J. H. Creighton, Chas- A StauiIer Shirley Christv, IT. s. Creighton. shah constitute the board of directors until the annual stockholders meeting which snail be held on the second Wednesday in Jan uary of each year commencing in 1906. Three members of the board of directors shall constitute a quorum for the pur- pose of transacting business. All Vacan- cies. either bv 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 G. 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 (S1.200.O0O dollars, which amount does not exceed tWO-thirds the amount of the capItaI stock
 Article T. 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 he and is hereby made forever nOD-asSessable by this cor poratiOn for any purpose whatsoever.
 Article s. The annual or other stock holders meetings may be held at the office or offices of this corporation either within or outside of the Territory of Ari- zona as may be provided by the bylaws 1 of the corporation; and at all stOc6hOld- CTS meetings votes may be cast in per son or by proxy.
 In witness whereof we have hereunto set our hands and seals this 2Sth- day of H N