Daily Arizona silver belt., 1909-10-08
LEGAL ADVERTISEMENTS

LEGAL ADVERTISEMENTS
 of gas and the by-products connected with it's manufacture, telegraph and tel. ephone systems, electric and other rail ways, and systems for the manufac- ture, collection, distribution and sale of electricity for light and power; to acquire, construct, maintain, operate, sell and otherwise dispose of hotels, boarding houses, lodging houses, and restaurants; to borrow and loan money and to give and accept security there. for; to acquire by purchase and other wise, to hold, sell, assign, transfer, pledge, hypothecate and otherwise dis pose of shares of stock of this or any other corporation, and bonds, notes and other evidence of indebtedness is sued or created by any other corpora. tion, and while holder of such stock to exercise all the rights of ownership to the same extent as natural person might do, including the right to vote stock owned in any other corporation; to enter into partnership with any persons, firms or corporations to carry on any of the kinds of hasrness herein. above enumerated; and to do anything that may be incidental or advantageous to any of the kinds of business herein. above enumerated.
 ARTICLE III.
 (a) The amount of the capital stock of the corporation shall be $150,0O0.OO, divided into 15,000 shares of the par value of 5000 each. $l00,O00 of the capital stock divided into 10000 shares of the par value of $l000 each shall be common stock, and $50,000 of the capital stock divided into 5000 shares of the par value of 5000 each shall be preferred stock.
 (b) The Board of Directors may au- thorize the issuance of common or pre- ferred stock in exchange for all kinds of property, including options to pur- chase property, and the judgment of the Board of Directors as to the value of such property shall be conclusive
 Co The holder of prefrred stock unless the holder thereof be this cor poration, shall be entitled to receive, and the corporation shall be bound to pay on said preferred stock fixed cumulative dividend, the amount or rate whereof shall be fixed by the Board of Directors and shall be expressed in the certificates representing the pre- ferred stock The remainder of the net earnings after the payment of said cumulative dividend shall be subject to the disposal of the Board of Direct. OTIS, but no part of said remainder shall be paid out by the corporation as divi- dends to any but the holders of com mon stock. The corporation shall have the right to purchase any or all issued and outstanding preferred stock, upon such terms and conditions as may de. termined by the Board of Directors. (d) The capital stock, whether, com mon or preferred, and the certificates representing it, shall be sold, assigned and transferred only upon such condi- tions as may be prescribed by the Board of Directors.
 | (e) In case of the dissolution or liquidation of the corporation, the hold CTS of the preferred stock shall be en- titled to be paid in full before any thing shall be paid to the holders of common stock.
 (f) Mhe sole right to vote at stock holders meetings shall be vested in the common stock, and the holders of pre- ferred stock, as such stockholders, shall have no right to vote at any stockhold. CTS meeting.
 | ARTICLE ".
 The time of the commencement of the corporation shall be when a copy of these Articles, certified by the Coun- ty Recorder of Gila county, Arizona, as required by law, shall be filed for rec. ord in the office of the Territorial Auditor of Arizona, and the time of its termination shall be twenty five l years thereafter
 ! ARTICLE V.
 | (a) The affairs of the corporation shall be conducted by Board of three Directors Said Directors shall be elect ed by the holders of the common stock at their first annual meeting, to be held at the general office of the corporation, at Globe, Arizona, or at any other place in said territory designated by the Board of Directors as the place for holding such meeting, on the first Mon day of March, 1910 and on the first Monday of March of each year thereaf teer. They shall hold office for one year and until their successors are elected and qualified. Until the first annual meeting of the stockholders, the Board of Directors shall be Wm. Witt and | James Moore, of Globe, Arizona and L. l.. Hayden of Bisbee, Arizona, who shall hold office until the first annual meet ing of the stockholders and until their