The Arizona sentinel., 1909-02-04
Articles of Incorporation of Bouse
TownSite, Land and Improve
ment Company.

The undersigned. citizens of the United St;rtcs
hereby associate themselves for the purpose of
creating a corporation under the laws Of the
Territory of Arizona, and adopt, execute, and
acknowledge the following as the Articles Of
Incorporation thereof
Tine name Of the corporation shall be
! BOUSE TOWNSHIP, LAND
AND IMPROVEMENT COMPANY.
It's principal place of transacting business
shall be in Bouse Yuma County. Arizona, and
may have branch Offices at such other places as
may be designated by it's Board of Directors.
II.
/ The corporators of this incorporation are e.
Greenwo d. A. Philbrick, G. C. Thompson, n.
II. Frame and H. Z Stone.
Ill
The objects for which this corporation is es-
tahlshed are: TO purchase, acquire,
own s.ll, exchange. lease. mortgage
manage. Otherwise dispose Of
all real estate and personal property. incud-
ing franchises of/cvery kind and description,
gas, electricity. steam water. electric light and
power plants, and steam or water power plants
stores, houses ard buildings of every kind,
notes, bonds mort CAGES. merchandise machin-
cry. farming lands and waterrghts; 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-
velopment of the same to acquire, construct,
maintain and operate railways, tramwayS 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 a 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 it's property to
secure any of its 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
ritorics, 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 tyo 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 ut
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.
The time Of the commencement of this cor
poration shall be the day upon which these az
tcleS filed in the Office of the Auditor of thet
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
the date of their election and qualification, and
until their SUCCESSORS are elected and qualified;
Provided however, that any vacancy or vacan-
ceS occurring in tho 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 ad-
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 place within or
without the Territory of Arizona, and all 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 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 suiliciency
of notice for such meeting; the board of direc-
tors shall have power to establish bylaws and
make all rules and regulations necessary for
Encouragement 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 end qualified the follow
ing named persons shall constitute said board
to-wit: Z. Greenwood, A. Philbriclz. C, c.
Thompson, n. Il. Frame. II. e. Stone.
VII.
The officers of this corporation shall be Pres
fdent Vice President. Secretary, Treasurer, and
such other officers as the Board Of Directors
shall deem necessary for the transaction OF its
business, such officers so be elected by the board
Of directors; provided, however, that until their
are duly elected and qualified the fol-
lowing shall be the officers hereof: E. Green
wood President; a. PhiIbrick, Vice President;
H. L. Store, secretary and Treasurer.
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
ject itself is six hundred fifty thousand dollars.
X
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