Arizona republican., 1907-02-05

tIdi AldulllB III NbhiAtIAAOn hANh odih 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 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; 10 construct, own and operate such canals. wire and oth-
 CT 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-
 isting 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 it's 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 in the conduct of the business
 and to secure the same by mortgage, pledge or otherwise.
 II ". The capital stock of this cor poration shall be One Million Dollars ! S1. .0OO. .0OO). divided into one hundred
 thousand GOOOOO) shares. of the par
 value of Ten Dolln:s (slO) 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- | sive.
 1 " 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 t25) years thereafter un- | less renewed in the manner provided ! by the laws Of the Territory of ArI-
 zuna. 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 poration shall be a 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 nes- essary for the conduct of its business shall be selected by the board of di- | 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 I first meeting Of the board of directors ! for the election Of officers and trans l 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 | yeniently 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 l 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 in February of . each year; notice of such meetings shall be duly given 10 the stockhold- CTS; and until the first annual meet ing of the stockholders after the or ganization of this corporation. Joseph | J. Shaw. James H. Bennett and Will liam W. Cunningham shall constitute 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 the iaWs Of the United States. the Territory of ! Arizona. or these articles of incorpo- ration. which shall be in force until the first annual meeting of the stockholders
 VIII The highest amount of in- dpbtedness 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 tiOn.
 \. The stockholders may be repre- scented. by proxy aJ any or all meetings