Arizona republican., 1906-01-26
ARTICLES OF INCORPORATION or CONDON CONSTRUCTION
 COMPANY.

l 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 the Territory of Arizona. and to that First: The name of the corporation spaLl 7aI De Conoon Sonstructlon company. 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- saTy or desirable in connection with the Orera nizatiO of this corDoratfor The corporation may have such other offices. principal or branch either within or without the Territory of Arizona, as may be established by the board or directors, at which meetings of the stockholders all meetings incorporators or stockhold- CTS may vote. either in person or by proxy in writing.
 Second: The general nature of the business of this corporation is as follows, to-wit:
 The purchase. construction and opera tion of gas, water. electric light and power plants, refrigerating plants sewer, drainage and irrigation systems, and the construction and acquisition of all land. buildings and machinery ana appurte- nances necessary. usual and proper or useful in connection with same.
 Third: The capital stock of said cor poration shall be fixed at one hundred fifty thousand dollars G15O 00O.OO) divided into fifteen hundred Q500) shares of the par value of one hundred dollars (S1O0.00) each, one thousand G.0)0) of which shares shall be common stock and the balance five hundred G0O shares shall be pre- ferred stock.
 Said stock shall be issued full paid and non-asseSsable, at such time as the board of directors may designate, in exchange for cash, property, services. or other valuable right thing, and the judg- ment or the directors us 10 the value
 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 (6) per centum per annum. payable befort 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 common stock.
 The holders of preferred stock shall in case of liquidation or dissolution of be paid to the holders of the common stock. be entitled to be paid the amount paid upon their shares and the dividends acculnulaJed ana unpaid thereon, put shall not participate in any surplus as sets after paying off the whole of the pald-up capital. The preferred stock shall be non-voting.
 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.
 Fourth: The time of the commence ment of this corporation shall be the date of the filing of these articles of in corDoration in the office of the auditor of Arizona and the termination thereof shall be twenty-five years thereafter.
 Fifth: The affairs of this corporation ors consisting of three (5) persons who shall be elected annually on the secon1 day of January after the year 1906.
 The following persons shall constitute the first board of directors who shall of stockholders and until their succes, SOrs are elected and qualified: Edward J. COndon, Oscar E. Lemen and Edward
 Sixth: The highest amount of indebt- edness or liability, direct or contingent, subject shall be one hundred thousand dollars ($100 OO). which amount does not exceed two-thirds the amount of the
 Seventh: The private property of the of this corporation shall be exempt from the corporate debts of any
 Eighth Among the powers of this cor poration are the following: (a) To have perpetual succession. (b) To sue and be sued by the corporate name. (c) To have a common seal and alter the same at pleasure ld) To render the shares or interests of stockholders transferable ana PrescTrlDe the Inoue oI HldklnS s suCh IianSIer (e) To exempt the pr4NaJe prop erty Of members from liability Tor the corporate debts (D To make contracts, acquire anu transfer property, poSsessln.S the same powers in sucn respect as pri- vate individuals now enjoy. (g) To mort gage all or any part or its 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. (k) 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 restrict in any manner the powers Of the corpora tion. In general. the corporation shall have and exercise all the powers con 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, this twenty eighth day of November, 1905.
 RAYMOND NEWMAN. (SeaD
 CARL T. PRIME. tSeaD
 ". R. WATSON. (SeaD
 County of Cook ss
 On this twenty-eighth day of NOvem- Der. in the year one thousand nine hum dred and five before me John r.. Hol- and county aforesaid, residing therein, duly commissioned and sworn, personally appeared Raymond Newman, William R 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 cousidera- tiOns therein expressed.
 In witness whereof. I have hercuntO set my hand and affixed my official seal. at my office, in the said state aLd c0unty, the day and year last above written
 (SeaD JOHN F. HOLLAND,
 Notary Public
 My commission expires Sept. Z5, 1906. ARTICLES OF INCORPORATIoN, OF