Arizona republican., 1908-02-18

ings provided for the taking of private
 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 thereof).
 and to collect and receive tolls or com Il pensation therefor.
 To erect and maintain all necessary
 and convenient buildings. stations, deA \ 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, 1 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 1 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-
 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- ton, 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, ,000.00), divided into Three Thousand (3000) shares of the par value of One Hun dred Dollars (s1OO.00) 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. except for breach of trust.
 Tine amount above named is the ac- tual contemplated cost of the con- struction of said railroad. together with the cost of right t-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 s. The corporation shall commence upon the date upon which it's Articles of Incorporation shall be filed for record, and shall endure for period of fifty C50) years thereafter, subject to earlier termination, or re- newed term or terms of existence by and in accordance with vote at any stockholders meeting, duly called and
  (3-D of the capital stock
 Article Stockholders meetings, including the first meeting of ineorpo- 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- Do tal h. rH 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 officers of the corporation, a president, vice-president, secretary and treasurer, and may further appoint an executive committee of such number of its 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 is, at any time, to subject itself is an amount equal to two-thirds (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 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 meet ing called to the subscribers hereto. of which five (O days notice was given to the subscription of at least One Thousand Dollars $1,00o.00 of stock for each mile of railroad pro posed to be constructed
 The following named directors of the were also unanimously elected at said meeting for the pur- pose of managing the affairs of the corporation: A W. Oppmann, Cleve- and, Ohio; Henry G. Oppmann, Cleve- and, Ohio; Clarence J. Neal, Cleve- and, Ohio; James H. Cassidy, Cleve