Daily Arizona silver belt., 1908-05-21

gas, and to maintain pipe lines, and water and gas mains; to locate, buy, own, sell, lease, mortgage and bond water locations and water rights; to dig wells, erect reservoirs and other means of storing water; buy, sell, pump and distribute water; Ito manufacture, rent, store, buy, sell, distribute and deal in electricity, gas, power and light aISi all purposes for which electricity, steam, gas or compressed air may be used; to own, operate, and dispose of telephone and telegraph lines, sewer systems, street railways and all other public utilities; to do general banking busi- ness; to borrow money and execute notes, bonds, mortgages and other evi- dences of indebtedness to secure the same; to loan money on recognized security; to acquire, hold, use and dis pose of franchises; to deal in and with all kinds of personal property, stocks, bonds and securities; to act as the agent, or broker, in the buying and sell. ing of real and personal property; to engage in the abstract business and to make and execute abstracts of title to property; to engage in the insurance business; and, in general, to do all acts, or things, necessary or incident to the purposes above set forth.
 ARTICLE ".
 The authorized capital of this Cor. poration is, and shall be, Twenty Thous- and (s20,000.o0) Dollars, divided into two hundred (200) shares of the par value of One Hundred (sl00.00) Dol lars each, and when issued shall be full. i ly paid for in cash, services or property of m equivalent cash value, and shall thereafter be non on-assessable.
 ARTICLE V.
 The time of the commencement of this Corporation shall be the date of the filing Of these Articles of Incor. poration with the County Recorder of | una County, and Q certified copy there of with the Territorial Auditor; and the term thereof shall be twenty-five i (25) years from and after said date, unless renewed for greater length | of time.
 ARTICLE VI.
 The affairs of this Corporation shall | be conducted by board of not less ! than threo (3), nor more than seven i (0, directors elected annually by and from among the stockholders of this | Corporation. The first annual meeting for this purpose, and for the transac- tion of any other business which may properly come before the stockholders, shall Do held on the first Thursday in May, A. D. 1908. and such annual meet. ings of the stockholders shall theroaf | ter be held on the same day in each | succeeding year.
 The officers of this Corporation shall | consist of President, a Vice.Presi. dent, Secretary and Treasurer. and i such other officers as may, from time to time, be provided for by the bylaws of this Corporation. The board of di- rectors shall have the power to perform all of the duties usually connected with | like offices, which powers shall include | the adoption of corporate seal and | of bylaws for the internal management | of the affairs of this Corporation; and | the said board of directors Shall fur ther have the power to sell. assign. | transfer, convey, or otherwise dispose | of all or any part of the property or assets of this Corporation, either for | cash or in exchange for other property | or securities on such terms and condi. tions as it may deem proper and to the best interests of the stockholders.
 ARTICLE VII.
 The highest amount of indebtedness i to which this Corporation shall at any | time subject itself shall be, and is here. hy fixed at the sum of Ten Thousand | sl0,0o0o0) Dollars.
 ARTICLE VIII.
 Tho private property of the stock. holders of this Corporation shall be exempt from all liabilities for the pay. ment of corporate debts. IN WITNESS WHEREOF, the in. corporators herein have each set their hands this eighteenth day of May, 1908.
 E. H. FRANZ.
 G. M. ALLISON.
 c. q. BARCLAY.
 F. l.. TOOMBS.
 o. A. INGRAM
 R. B. RIELL.