Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1907-02-07

business of merchandising and gen.
eral trading In connection with said
mining milling and reduction busi-
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 its 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 own
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 i'm 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. 600. O0O). divided into one hundred
thousand 100000 shares. of the par
value OF Ten Do.ars $40 each;
which stock, when Issued. shall be is
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-
sivc.
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. un-
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
h., 81
the next ensuing year to be determined
at each annual meeting Of the stock
holders: and the officers OF this cor
poration shall be n president. vice
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 mes
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 az the same can con-
yenicutly be held. at the principal Of
flee OF this corporation. in Phoenix !
Arizona. 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 !
Phoenix, Arizona, and annually there /
after a meeting of the stockholders !
shall be held at said principal office /
on the first Monday ia 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 /
J. Shaw. James II. Bennett and Will |
nam W cunningham snail constitute 3
the board Of 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 thc laws /
Of the United States. the Territory Of /
or these articles of incnrpo-
ration. which shall be in force until /
the first annual meeting of the |
stockholders. !
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 (s1OO. OOO).
TX. The private property OF the Of
ficers 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-
scented by proxy AT any or all meetings
OF the stockholders. and vote upon all
questions as though present in person.
NI. The cumulative system Of vot-
ing is hereby adopted. and prescribed
Al