The Arizona sentinel. [volume] (Arizona City [Yuma], Yuma County, A.T. [Ariz.]) 1872-1911, 1909-02-25

creating a corporation under the laws of the
Territory OF xrizona. and adopt, execute, and
aclSnowledgc the Following jas the Articles of
Incorporation thereof:
The name of the corporation shall be
BoUSE. TOWNSHIP. LAND 90
AND IMPROVEMENT COMPANY.
Its principal place OF transacting business
shall be fn Bouse, Yuma County. Arizona and
may have branch Offices at such other places as
may be designated by its Board of Directors.
II.
The corporatorS of this Incorporation are +.
Grpenwo Il. y. Philbrict c. c. Thompson. n.
II. Frame and II. L. Stone.
III.
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, incIud-
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. 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
velopment Of the same; to acquire, construct
maintain and operate railways tramwayS, tele-
fphone and telegraph lines roads and bridges
To acquire the good will property, rights, as
sets and securities Of any spersen. 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 ny
pothecate all or any portion Of its property TO
4 secure any OF its Indebtedness;
To apply for. obtain. register purchase. lease
on otherwise acquire ana hold. use, own, operate
introduce. sell, assign or otherwise dispose of
trade marks, trade names letters patent, inven-,
tionS, 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
ritories, 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
tion the judgment of said Board shall be con-
elusive as to the value of the services property
orother 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 Ar
tices are Tiled in the Office OF the Auditor of the
Territory of Arizona and said corporation shall |
terminate twenty-five years thereafter.
l.
The government Of the corporation is vested
in a 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 vacan-
cies occurring in tho Board of Directors may be
an 90 n;
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 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 at any place other than at the
established offices OF the corporation shall be
valid provided a 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 suficiency
of notice for such meeting; the board of direc-
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, y. H. Frame H. E. 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 its
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 ard 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-
ty TO which this company is at any time to sub
ect 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
other officers shall have power to levy any as
sessment upon any paid up share of stock.
In Witness Whereof, said corporatorS have
hereuntO set their hands this lIth day Of Janu-