Arizona republican., 1908-03-13

f tate. town sites and divisions, lots and subdivisions thereof, and to erect there on and lease. manage sell, mortgage or convey houses stores or other build ings and to make and maintain all oth- CT necessary or desirable Improvements in connection herewith. Either as an agent or principal 10 purchase, receive, mold, sell. own or otherwise deal in bonds, mortgages. debentures. notes. shares of capital stock and other se- curities, obligations. contracts and evil dences of indebtedness of any private. or public corporation of any state or 1 territory of the United States: to re- ceive. collect and dispose of interest. dividends and income upon, of and from any such evidences of indebted ness and other property held, managed, or owned by it. and to exercise in re- spect thereof. any and all rights. pow CTS and privileges of individual own CTS thereof; 10 do any and all acts and things tending to increase me value Of the properties, assets or interests at any time held, owned, controlled or managed by the company; to issue bonds and to secure the same by pledge. deeds of trust. mortgages, or trust indentures of or upon the whole or any part of the property owned by the company. and to sell or pledge such bonds for the proper corporate purposes of the company in such man ner and at such times as rae board of directors shall determine.
 To buy. sell and deal In timber lands and in the products of lumber.
 To purchase, sell, exchange and oth- erwise deal in all kinds of personal pro- perty, merchandise, goods and chat tels.
 To do all things incident to. or ad- vantageOus in the carrying on of eith- CT or all Of said objects or purposes above stated.
 To issue bonds and to sell or hypO- thecate the same and to secure the payment of the same by mortgage or otherwise upon all or any of the prop critics Of the corporation.
 To make any and all contracts. ac- quire and transfer any and all species of property and 10 possess the same powers in such respects as private in- dividuals now enjoy.
 To sell or issue all or any part of it's capital stock or any bonds or other evidences of indebtedness authorized by its board of directors in payment for the good will, rights. business. per sOhal property. real estate or leases thereon, of any person, firm, associa- tion or corporation and the judg- ment of its board of directors as to the value thereof shall. in the absence of fraud. be conclusive.
 To remunerate any person, persons or corporation for servires rendered. or to be rendered, in placing or assist ing 10 place any of the snares Of the cOmpany's capital stock or the conduct of its business upon such terms as the board Of directors or executive com mittee may determine and direct.
 To borrow or raise money in any amount not 10 exceed two-thirds of the amount of the capital stock of the company.
 To purchase, hold or reissue and sell the shares of its capital stock.
 To conduct business in any of the states or territories of the United States.
 To do any or all of the things herein set forth 10 the same extent as natural persons might or could do.
 ARTICLE III
 The corporation shall be authorized to issue capital stock 10 the extent Of one million dollars (s1.O00. .00O) divided into one million Q,0OO.O .OOOJ shares of the par value of one dollar CI.OO) each. This stock must be paid for in full in money or property, and if in property. the valuation thereof shall sr tors. No stock shall be issued except when fully paid for as above indicated.
 ARTICLE ".
 This corporation shall commence it's existence upon the date its articles of incorporation are filed for record in the office of the county recorder of MaricOpa county, Arizona. and termin- ate twenty-five years from that date.
 ARTICLE "
 The affairs of this corporation shall be conducted by board of five direc- tors, three of whom shall hold office for one year and two of whom shall hold office for two years from the date of their election. These directors shall be elected after the election for the first year on the last Tuesday in the month of January or each year
 ARTICLE VI.
 Private property of the stockholders of this corporation is to be exempt from corporate debts
 ARTICLE -II.
 The members of the board of direc- Ors shall have the right 10 fill any vacancies occurring on the board by leath, resignation or otherrlse, and the person so elected to fill any such va .ancy shall hold office until the next lnnual meeting of the stockholders.
 ARTICLE VIII.
 In furtherdnce and not in limitation If the powers conferred by statute and ,y this certificate of incorporation. the board of directors is expressly author zed:
 To hold it's meeting, to have one or nore offices, and to keep the books of he company at such place or places IS may be from time to time designated )y them; but the company shall al- ways keep it's principal office in Phoe- nix, Arizona.
 ARTICLE TX.
 The names and postoffice addresses 'f the incOrporatOrs and the number If shares of stock for which severally md respectively we do hereby sub cribe and is the amount of capital with which the corporation will com hence business, are as follows: