Arizona republican., 1907-02-08

ness; and to acquire, purchase, con-
struct. rent, own and operate electric
and other plants for the production
of power and light. and the necessary
wire lines or other means Of trans
mission of power and light operated
/ for it's own use, and for the sale of
such power and light to Others: to
construct. build, purchase. lease, own
and operate telephone systems
and lines; to construct. own
and operate such canals. wire and 9TH
er tramways or railways to be oper-
ated and run by electricity. steam or
otherwise. as may lead from its prin-
cipal works or place of business TO
some navigable stream or to some ex-
listing railroad. turnpike or public
highway; to lay out towns and town
sites, and sell and dispose of lots
therein and improvements to same; to
construct, purchase. or otherwise ac-
quire, own and operate ice plants for
the manufacture of ice for its owa
business and for the purpose of sale;
to borrow money, to make and issue
promissory notes, bills Of exchange.
debentures and obligations and other
evidences of Indebtedness OF every
kind and description necessary or
needful in the conduct of the business
and to secure the same by mortgage,
pledge or otherwise.
". The capital stock of this cor
pOratiOn shall be One Million Dollars
81, 900 .0O0). divided into one hundred
thousand 100000 shares, of the par
value OF Ten Dollars $40 each;
-r~I,f fczr han he fe-
sued as fully paid up and non-assess-
able, and may be issued in exchange
for cash, services or the payment of
the purchase price OF property. and
the judgment Of the directors as to the
price paid for and the value Of the
property purchased shall be conclu-
sive
V. The time of the commencement
OF this corporation shall be the date
Of the filing of a certified copy of
these articles in the office OF the
Auditor Of the Territory of Arizona,
and this corporation shall terminate
twenty-five (25) years thereafter. I'M
less renewed in the manner provided
by the laws of the Territory of Ari-
IONA, now in force.
VI. The business of this corporation
shall be conducted by a board of not
less than three nor more than seven
directors, who shall be stockholders
and shall be elected annually by the
stockholders of this corporation; the
number of directors TO serve during
the next ensuing year to be determined
at each annual meeting of the stock
holders; and the officers of this cor
president, secretary and treasurer. who
shall be elected by the board of direc-
tors; and such other officers and
agents of the company as shall be nes-
essary for the conduct OF its business
shall be selected by the board Of d.
rectors, in such way or manner as
may be provided in the bylaws; any
two Of the offices mentioned herein
may be held by one person. Any va
cancies in the board of directors shall
be filled by the board OF directors at
any regular or special meeting called
for that purpose. and all directors
shall hold office until their successors
are elected and have qualified. The
first meeting of the board of directors
for the election of officers and trans
action of such other business as may
come before it, shall be held on the
first Monday in February. 1907, or as
soon thereafter as the same can con-
be held. at the principal Of
flee of this corporation. in Phoenix.
And said board shall meet
annually thereafter at said office in
Phoenix. Arizona, on the first Monday
in February OF each year.
VII. The first annual meeting of
the stockholders OF this corporation
shall be held on the first Monday in
February. 1907, at the principal place
of business of said corporation in
Arizona, and annually there
after a meeting of the stockholders
shall be held at said principal office
on the first Monday i'm February of
each year; notice of such meetings
shall be duly given to the stockhold-
ers; and until the first annual meet
ing of the stockholders after the or
ganiZation OF this corporation. Joseph
]. Shaw. James II. Bennett and Will
liam W. Cunningham shall constitute
the board o: directors.
The directors named herein may
adopt such rules. regulations and by
laws for the conduct of the affairs of
this corporation as they may deem
wise. not inconsistent with the laws
Of the United States. the Territory Of
or these articles of incOrpo-
ration. which shall be in force until
the first annual meeting Of the
VIII The highest amount of in
debtedness. direct or contingent. to
which this corporation may at any
time subject itself shall be One Hun
dred Thousand Dollars (S10O.00O).
TX. The private property OF the Of
Ulcers, directors and stockholders of
this corporation shall be exempt from
all liability. and shall in no event be
liable for the debts of this corpora
ton.
y. The stockholders may be repre-
sented by proxy at any or all meetings
IF the stockholders, and vote upon all
questions as though present in person.
XI. The cumulative system Of vOt-
ng is hereby adopted. and prescribed
as the system of voting at all elections
IF directors for this corporation.
Mi. These articles of incorporation
nay be amended at any annual meet
ng of the stockholders or at any spe-