Arizona republican., 1908-02-16

tained by agreement with the owners
 thereof, to take the same by proceed
 ings provided for the taking of private property for the use of said corpora- II ton.
 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- Il 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 |l therefor; to take, possess and enjoy,
 by purchase, donation or cOndemna-
 ton, such natural springs and streams
 of water, CT so much therof as may
 be necessary, for its uses and purposes
 in operating the said railroads, togeth-
 CT with the right 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 it's railroads, ele-
 vators and inclines, and the tolls and
 compensation to be paid therefor.
 To regulate the force and speed of its 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 its passengers and employees and 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 of 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 (s3OO, ,OOO00), divided into Three Thousand (3000) l shares of the par value of One Hun i dred Dollars (S1000O) 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. trv. taw -srff
 any liability of any name or nature. except 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
 its Articles of Incorporation shall be filed for record, and shall endure for
 a period of fifty (5O) years thereafter,
 subject to earlier termination, or re-
 newed 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 l 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 ! Bylaws may prescribe.
 | The Board of Directors may elect. as l officers of the corporation, a president. vice e-president, secretary and treasurer. and may further appoint an executive committee of such number of it's di- rectors, and with such powers, as may be prescribed by the Bylaws. subject always to the control of the directors 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 | indebtedness or liability to which the corporation is, at any time, to subject 1 itself is an amount equal to two-thirds 1 (2-3) of the capital stock at par. Article 10. The private property of the stockholders is to be exempt from the debts of the corporation, and stockholders are not to suffer or be under any liability, of any name or nature. by reason of ownership of 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 (0 days notice was given subsequent to the subscription of at least One Thousand Dollars es1,00000) 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-