Arizona republican., 1908-02-15

1nSS provided /1Or the taxing or pflNdle property for the use of said corpora tiOn.
 To take, transport. carry and convey persons and property on their said railroads by the force and power of steam, of animals or any mechanical power Cor any combination thereoD, and to collect and receive tolls or com pensation therefor.
 To erect and maintain all necessary 'and convenient buildings, stations, de- pots. watering places. fixtures and machinery, for the accommodation and use of their passengers. freight and business, and to obtain and hold. by purchase. donation or condemnation. lands and other property necessary therefor; to take. possess and enjoy. by purchase, donation or condemna- tion, such natural springs and streams of water. or so much therof as may be necessary, for its uses and purposes in operating the said railroads, tOgeth- CT with the right-Of-way thereto for pipes, ditches, canals and acqueducts for the conveyance thereof.
 To regulate the time and manner in which passengers and property shall be transported over its railroads, ele- 
 compensation to be paid therefor.
 To regulate the force and speed of it's locomotives, cars, teams, motive power or other machinery used on such roads. and to establish, execute and enforce all useful and proper rules and regulations for the management of it's trains and business and to secure the comfort, safety and good behavior of rfg agent.
 > In furtherance of any of the objects or purposes of this corporation, it shall have power to issue stock bonds, de- bentures. or other obligations of the corporation. and to secure the same by mortgage, pledge. deed of trust, or otherwise; be capable of suing and be-
 ing sued, and may have and use a common or corporate seal. and have such other powers as may be neces- sary to enable it to exercise and en-
 joy fully and completely the powers
 granted by these Articles Ot Associa-
 tion, and generally all such powers as are usually conferred upon, required and exercised by railroad corporations
 Article ,. The amount Of the cap
 ital stock of the corporation is Three Hundrd Thousand Dollars $500, ,000.0O), divided into Three Thousand (3000)
 shares of the par value of One Hun dred Dollars (S10O00) each. The capi-
 tai stock shall be issued and paid for in such manner and upon such terms
 as the Board of Directors shall deem
 judicious. and no director shall in this.
 or in any other respect, have or suffer
 any liability of any name or nature, eXceDt for breach of trust.
 The amount above named is the ac-
 tual contemplated cost of the con
 structiOn of said railroad, together with the cost of right-Of-way, motive power and every other appurtenance
 and thing for the completion and run ming of said road, as nearly as can be estimated by competent engineers. Article 6. The corporation shall commence upon the date upon which, it's Articles of Incorporation shall be filed for record, and shall endure for d period of fifty (50) years thereafter. subject to earlier termination. or re- pewed term or terms of existence by and in accordance with a vote at any stockholders meeting. duly called and held for such purpose, of three-fourths (3-D of the capital stock
 Article : Stockholders meetings, including the first meeting of incOrpO-
 rators. may take place in the city of Cleveland, state of Ohio. and meetings subsequent to the first may take place at such other places and at such times as the Bylaws may prescribe
 Article S.. The affairs of the cOrpo- ration are to be conducted by a Board of Directors. consisting of not less than | five. nor more than thirteen members, | in accordance with the Bylaws of the corporation.
 The directors shall be elected upon ! the third Wednesday of April in each ! year, or at such other times as the 1 Bylaws may prescribe.
 ] The Board of Directors may elect, as ! officers of the corporation, a president. 1 vice president, secretary and treasurer. and may further appoint an executive | committee of such number of its di l rectors and with such powers. as may | be prescribed by the Bylaws. subject always to the control of the directors 1 The meetings of the Board of Direc ! tors, including the first meeting. may ! take place at the city of Cleveland, state of Ohio, and meetings subsequent ' to the first may take place at such places, or such other places, as the By | laws may prescribe
 | Article 9. The highest amount of 1 indebtedness or liability to which the I corporation is, at any time. to subject
 itself is an amount equal to twOzthirds | (2-3) of the, capital stock at par I Article 10. The private property of 1 the stockholders is to be exempt from i the debts of the corporation, and : stockholders are not to suffer Or be
 under any liability, of any name or 1 nature. by reason of ownership ot stock or securities of the corporation | Article II. These Articles of Asso-
 citation were duly adopted at a meet | ing called to the subscribers hereto. of which five (5) days notice was given ! subsequent to the subscription of at I least One Thousand Dollars ($1.000.0O)
 of stock for each mile of railroad pro- posed to be constructed.
 The following named directors of the
 corporation were also unanimously | elected at said meeting for the pur
 pose of managing the affairs of the ] corporation: A. w. Oppmann, Cleve- | land. Ohio; Henry G. Oppmann. Cleve- | land. Ohio; Clarence J. Neal, Cleve- | land. Ohio; James H. Cassidy, Cleve- | land Ohio. Charles F. Lang CieVe-