The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1909-03-04

ACKNOWLEDGE the IOlLONinB rs the Articles OF
Incorporation thereof:
The name OF the corporation shall be
BOUSE TOWNSHIP. LAND
AND IMPROVEMENT COMPANY.
Its principal place OF transacting business
shall be In BOuse. Yuma County. Arizona, and
may have branch offices ut such other places Us
may be designated by its Board of Directors
II.
The corporst0rS OF this incorporation are F..
Creenwo d A. Philbrick, C. c. Thompson, n.
Il. Frame and II. n. Stone
III.
The objects for which this corporation is eS-
taOlished 10 purchase, acquire
own, sell, exchange, lease mortgage
manage, or otherwise dispose OF
all real estate and personal property. includ-
ing franchises OF every kind and description
gas, electricity, steam. water. electric light and
power plants, and steam or water power plants.
stores, houses. and buildings OF every kind
notes. bonds. mortgages. merchandise, machn-
cry, farming lands, and waterrigbts; to use, sell
and distribute gas. electricity, water, steam,
electric light xpd power, and steam or water
power. and establish. maintain and operate all
necessary works for the manufacture and de-
velopment Of the same; to acquire, construct.
maintain and operate railways, tramwsyS, tele-
phone and telegraph lines. roads and bridges.
To acquire the good will, property, rights, as
sets and securities OF any person, firm or cor
poration; to engage in n general brokerage and
insurance business. and to enter into, make and
execute and perform contracts Of every kind
for any lawful purpose With any person, firm or
corporation;
| To lend or borrow money and give take Sc
surity for the same. to mortgage, pledge, or ny
poJhecate all or any portion Of its property to
secure wny Of its indebtedness;
To apply for, obtain. register, purchase, lease
OF otherwise scquire and hold pse- own operate
Introduce, sell, asSIsB or otherwise dispose Of
tfa1e marks, trade DANES letters patent, inven
tJons Improvements and processes;
To use the stock OF Shfs corporation in the
pRTrhase Of acquisition OF any OF the real or
personal property herein mentioned;
To conduct business in any Of the states, ter
rftories colonies or dependencies OF the United
States, the District OF Columbia and in any
foreign countries;
To acquire all property, real, personal or
mixed, and to do any and all things, whether
connected with those hereinbefore specified or
not, which may be convenient or necessary to
carry into effect the objects for which this cor
poration is formed.
The capital stock OF this corporation shall be
one million dollars, divided into two hundred
Thousand shares of the par value OF five dollars
each, and the same shall be fully paid and non
asSessable.
The capital stock Of this corporation shall be
issued and paid for upon the conditions and at
the times provided for by resolution of the
Board OF Directors hereof at such price and up
on such terms as said Board may determine, in
cash. labor, stock OF other corporations, real or
personal property, or other thing OF value for
the uses and purposes OF this corporation, and
in the absence of actual fraud in the transac-
ton, the judgment of said Board shall be con.
elusive to the value OF the services, property
or other thing of value accepted in payment for
the stock OF the corporation.
V
The time of the commencement of this cor.
poCatiOn shall be the day upon which these Ar
tieles S1e Sled in the office OF the Auditor Of the
Territory US ArizO1a- and said corporation shall
terrAi1ase twenty-five yszsTs shereaster-
VI.
The gowerrEnehs Of the rorYerstiOn IS vested
IN q Board of Directors consisting q not fewer
than three nor more than nine members, who
shall be elected ut the annual stockholders
meeting and shall hold Office for one year from
the date of their election and qualification, and
until their successors are elected and qualified;
Provided. however, that any vacancy or vacan-
eies occurring in thu Board of Directors may be
filed by said Board; Such Board Of Directors
shall have the power to increase!the number OF
its members, as hereinbefore limited, and in the
event Of such action shall designate the ad- |
ditional members thereof who snail serve until |
their successors are duly elected and qualified |
Such Board OF Directors shah have power to
hold any meeting and transact any business for |
the company ut any time or place within or |
Without the Territory OF Arizona, and AL acts |
OF said board at such meetings held without |
said Territory; at any place other than at the
established offices of the corporation, shall be
valid provided O majority OF all the members OF |
the board shall be present and shall vote in ia |
vor OF the action taken thereat, and such vote |
shall be conclusive evidence of the suffieieney |
OF notice for such meeting; the board of diree- |
tors shall have power to establish bylaws and |
make all rules and regulations necessary for |
the management OF the affairs of the corpora |
ton:
The FIRST board OF directors OF this corporation
shall consist Of five members, and until their |
successors are elected and qualified the follow |
ing named persons shall constitute said board |
to-wit: +. Greenwood, A. Philbrick, c, c. |
Thompson, N. H. Frame, II. F.. Stone.
VII.
The officers OF this corporation shall be Pres |
ident. Vice President, Secretary, Treasurer, and |
such other officers rs the Board OF Directors |
shall deem necessary for the transaction of it's |
business, such officers to be elected by the board
OF directors; provided, however. that until their
successors are duly elected and qualified the fol-
lowing shall be the officers hereof: F.. Green |
wood President; A. Philbrick, Vice President
II. r. Stone, Secretary and Treasurer.
VIII.
The time for holding the annual meeting Of
the stockholders OF this corporation is hereby |
fixed for the first Monday in January OF each |
year.
The highest amount OF Indebtedness or liabil- |
ity to which this company is at any time to sub
iect itself is six hundred fifty thousand dollars.
Y.
The private property of the stockholders OF
this corporation shall be exempt from liability |
for the payment OF corporate debts; and neither |
the corporation, its board of directors, nor |
other officers shall have power to levy any as
sessrnent upon any paid up share OF stock.
In Witness Whereof, said corpOrators have |
hereunto set their han Is this 18th day OF Janu-
airy. 1909.
F.. GREENWOOD
PHuRRICK