Arizona republican., 1908-06-02

construct and operate electric light
 plants. electric power plants, water ! power plants and all kinds of plants | for the purpose of employing water in the manufacture of power and light ! ing; and to construct and operate pipe i lines for the purpose of conveying water, and for the purpose of selling the water that may be conveyed by such pipe lines; and for the purpose ! of selling, leasing. renting, and in gen. eral dispOsing of water power, cleo ; tric power and electric lights; and to construct and operate railroads, tram ways. turnpilzes and canals, dams and reservoirs. leading to or from the prin- cipal works and other places of busi-
 ness of this company, to naviSable
 streams and existing railroads, turn bikes and public highways, as allowed
 by the statutes of the territory of Ari-
 zona; and to build. equip and operate
 telegraph and telephone lines for the
 purpose of facilitating the business of
 the company and for profit; to carry
 on a general commercial and merchan-
 dising business; and to maintain stores
 and other necessary institutions incl
 dent to said merchandising business;
 to acquire. use and operate water and 'ditch rights and privileges of every
 kind and nature whatsoever for profit and otherwise; and to do any and all things useful, necessary or requi- site to operate the same and to carry out any of the purposes for which said company is formed
 Third: The capital stock of our said company shall be one million dol lars (sI0OO.O0OO0) divided into one million Q,006, 6,000.O0) shares of the par value of one dollar (s1.OO) for each share, and said stock shall be issued full paid and nOn-assessable, at such time or times as the board of directors may designate, in exchange for cash property, services or other valuable right or thing, and the judgment of the board of directors, in the absence of actual fraud shall be conclusive
 Fourth: Our said company is to exist for the term of twenty five (25) years. and may be renewed at the ex- piratiOn of that time.
 Fifth: The affairs and management of our said company is to be under the control of board of seven CD direc- tors. and ". P. Dunham, E. G. Thom- as,iG G. A. Whiteford, c. F. Schilling. George Bayly, J. R. Taipey and Sam uel C. Pierce are hereby selected to act as said directors, and to manage all affairs and concerns of said com pany during the first year of its ex- istenee and until their successors are duly elected and qualified
 Sixth: The operations of our said company will be carried on in the ter ritory of Arizona, and in other states and territories of the United States of America and Republic of Mexico; and the principal place and business office of said company shall be located in the city of Phoenix, county of Mari copa, and territory of Arizona afore- said. Branch offices may be estab- lished in such other cities of the United States and elsewhere. as the board of directors may designate by bylaws or resolutions; and meetings of the board of directors or stockhold- CTS may be held at such points outside Of the territory of Arizona, and at such times as the best intersts of the com pany may require. The principal place of business outside the city of Phoe- nix, shall be the city of Los Angeles California.