The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1909-02-11


may be designated by it's Board Of Directors.
| II.
The corporators of this Incorporation are e.
Greenwo d. A Philbricls C. C. Thompson, N.
II. Frame and H. E. Stone.
The objects for which this corporation is es-
tablished are: To purchase. acquire.
own, sell, exchange lease, mortgage,
manage, or otherwise dispose OF
all real estate and personal property, includ-
lag franchises Of every kind and description,
sas, 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, and waterrights; to use, sell
and distribute gas electricity, water, steam,
electric light and power, and steam or water
power. and establish. maintain and operate all
necessary works for the manufacture and de-
vclopment 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 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 or take sc.
curity for the same; to mortgage, pledge, or n.y.
pothecate all or any portion Of its 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 processesi
TO use the stock of this corporation in the
purchase OF acquisition of any of the real or
personal properly herein mentioned;
| To conduct business in any OF the states, ter
ritories, colonies or dependencies of the United
States the District OF Columbia and in any
| foreign countries
To acquire ali 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 as to the value Of the services, property
| or other thing Of value accepted in payment for
| the stock of the corporation.
VI.
The time of the commencement of this cor
porstion shall be the dry Upon which these Ar
tcles are fled In the ONCE OF the Auditor OF the
Territory of Arizona, and said corporation shall
| terminate twenty-five 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 ut the annual stockholders
meeting and shall hold office for one year from
the date of their election and qualification, and
until their successors arc elected and qualified;
Provided however, that any vacancy or vacsn-
cies occurring in thu Board OF Directors may be
filled 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 sd-
ditional 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 ut such meetings held without
said Territory, or ut any place other than at the
established offices OF the corporation, shall be
valid provided majority OF all the members of
the board shall be present and shall vote in fa-
vor OF the action taken thereat, and such vote
shall be conclusive evidence of the sufficency
OF notice for such meeting; the board of lirec-
tors shall have power to establish bylaws and
make oil 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 Ave 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. II. Frame, H. Z. Stone.
VII.
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: E. Green
wood President; A. Philbrick, Vice President;
H E. 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
a. TX.
The highest amouhe Of Indebtedness or liabiI.
ity to which this company is at any time to sub
ject 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
sessment upon any paid up share of stock.
In Witness Whereof said corporators have
AIRY, 1909.
f. GREENWOOD
A. PuLDRICK
C.. c. THOMPSON
n, II. FRAME
II. F.. STONE !
Arizona Territory, ,.,
County OF Yuma. ."
lnfo n