The Arizona sentinel., 1909-03-11

Territory OF Arizona, and adopt, execute, and
acknowledge the following as the Articles OF
Incorporation thereof:
The name o! the corporation shall be
BOCSE TOwNSITE, LAND
AND IMPROVEMENT COMPANY.
It's principal place of trsnsRcting business
shall be in Bouse. Yuma County. Arizona and
may have branch Offices at such other places as
lnsIy be designated by fits Board OF Directors.
| II.
The corpOrasprs of this incorporation arc T.
Creenwo a. A. Phiibricli. c. C. Thompson n.
II. Frame aIrl Il. E. Stone
III.
The objects ior which THIS corporation IS es-
snbliSned are: To purchase, acquire,
own, sell, exchange, lease. mortgage,
manage, or otherwise dispose OF
ali real estate and personal property, inc|ud.
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, machin-
cry, farming lands, AMI waterrights; to use sell
and distribute gas electricity, water, steam,
electric light and power. and steam or water
power, and establish. maintain and operate nil
necessary WORKS for the manufacture and de-
velopment OF the same; TO acquire. construct,
maintain and operate railways, tramways, teie-
phone and telegraph lines, roads and bridges.
Toacquire the good will, property, rights, as
sets and securities OF any person. firm or cor
poration; to engage in a general brokerage and
insurance business, and TO enter into, make and
execute and perform contracts CT every kind
for any lawful purpose with any person, firm or
corporation;
| TO lend or borrow money and give or take &c.
eurlty for the same; TO mortgage, pledge, or ny
pothecate all or any portion OF It's property to
secure any Of it's indebtedness;
To apply for, obtain register, purchase. lease
or otherwise acquire and hold, use, own operate
introduce, sell, assign or otherwise dispose OF
trade marks trade names, letters patent, inven-
tons, improvements and processes;
TO use the stock OF this corporation IN the
purchase OF acquisition OF any OF the real or
personal property herein mentioned
To conduct business in any OF the states, ter
r1tories, 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 oil things. whether
connected with those hereinbefore specified or
no.. which may be convenient or necessary to
carry into effect the objects for which this cor
poraJion 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 aud 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 as to the value Of the services, property
or other thing Of value accepted in payment for
the stock OF the corporation.
V,
The iirnc Of thc commencement OF this cor
po-ation shall be the day upon which these Ar
tic,es are died in the Office OF the Auditor OF the
TERRITORY OF Arizona aud said cor poration shall
terminate tsenty 1--we years thereafter
VI.
The government Of the corporation is vested
in Board Of Directors consisting Of not fewer
than three nor more than nine members, who
shall be elected at 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-
cies occurring in thu Board OF Directors may be
filled by said Board; Such Board Of Directors
shall have the power to inerease;the number Of
its members, as hereinbCfore limited. and in the
event OF such action shall designate the adj
6itional members thereof who shall serve until
their successors are duly elected and qualified.
Such Board Of Directors shall have power TO
hold any meeting and transact any business for
the company at any time or place within or
without the Territory OF Arizona, and all acts
OF said board at such meetings held without
said Territory, or ut any place other than ct the
established Offices OF the corporation, shall be
valid provided O majority of all the members Of
the board shall be present end shall vote in IA
vor Of the action taken thereat, and such vote
shall be conclusive evidence OF the sufnciency
OF notice for such meeting; the board OF dircc-
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 frst 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: E. Greenwood. a. Philbrick, c, c.
Thompson, n. r. Frame, II. Z. Stone.
VII.
The officers Of this corporation shall be Pres
ident, Vice President, Secretary, Treasurer. and
such other officers as 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: z. Green.
wood. President; a. Philbrick. Vice President;
II. e. Stone Secretary and Treasurer.
VIII.
The time for holding the annual meeting OF
The stockholders OF this corporation Is hereby
fxed for the frst Monday in January OF each
year.
The highest amount OF indebtedness or l!abiI-
fly TO which this company is at any time to sub
ject itself IS six hundred fifty thousand dollars.
X
Tie privste property OF the stockholders of
This corporation shall be exempt from liability
for the payment of corporate debts and neither
the corporation, it's board of directors, nor
other ofacers shall have power to levy any as
sesslnent upon any paid up share of stock
IN axy;e