Arizona republican., 1911-06-25

UT OlItIN lSt uiSDOSc DithSNs gage, hypothecate and deal in land and | real estate, mines and mining claims, l and all kinds of ores, metals and min | eral, oils. gas and coal, mineral lands, | coal lands. oil lands. timber lands, l water and water rights, and all other | property, both real and personal, and | Ito work, explore operate, mine | and develop the same. and to deal in the products and byproducts thereof; to purchase, lease or other wise acquire. erect, own, operate and dispose of smelting and ore reduction works, oil refineries. saw mills and power plants; to do a general manu- featuring and mercantile business; to own. handle and control letters patent, inventions and franchises; to purchase. hold, own, handle and reissue shares Of its own capital stock, and to own shares of capital stock of other corporations; to issue bonds, notes, debentures and other evidences of indebtedness, and to secure the payment of same by mort gage, deed of trust, or ether like in- strument, and to exercise in respect thereto and to all shares of capital stock and other securities andS obliga- tiOns any and all of the rights. powers and privileges of a natural person; to act as agent, trustee. broker, or in any other fiduciary capacity; to borrow and loan money and. in general. to do all things necessary or convenient to the proper conduct of the business of the Corporation in any part of the world.
 | ARTICLE V.
 l 1f tai stock of the Corporation is One Hundred Thousand G1oO.O00GO) Dol lars. divided into One Thousand G.OOO) shares of the par value of One Hundred (s1OO.0O) Dollars each, which shall be paid in at such time or times as the Board of Directors may designate. in money. real or personal property. ser vices. lease or leases, option to pur- chase. or any other valuable right or thing for the uses and purposes of this Corporation. And all shares of its cap ital stock, when issued in exchange therefor shall thereupon and there on become fully paid the same as paid for in cash at par, and shall forever be non-assessa- ble. And the judgment of the Board Of Directors as to the value of any property, right or thing acquired in ex- change for it's capital stock shall be lconclusive and binding upon this Cor pOration.
 ARTICLE VI.
 The time If the commencement of this Corporation shall be the day on (which these Articles of Incorporation are filed in the office of the County Re lcOrder of Maricopa County. Territory lof Arizona, and the termination there of shall be twenty-five (25) years thereafter, with the privilege of renewal for a like period of time as provided by law
 ARTICLE VII
 The business and affairs of this Cor lporation shall be managed and conduct ed by a Board of not less than three nor more than five Directors. Tbe Board of Directors shall be elected from among and by the stockholders on the IsecOnd Monday in January. in the year Nineteen Hundred Eleven. and upon the first Monday in January in each succeeding year thereafter And until the first annual meeting and until the meeting of the stockholders and until their successors are elected and qualified. the following named persons shall constitute the Board of Directors, viz: Fen s. Hil- dreth. Irene M. Hildreth and Ursula De- Mund The Board of Directors may adopt bylaws for the government of this Corporation. and when so adopted shall be and become binding upon it in the conduct of its business. | ARTICLE VIII
 The officers of this Corporation shall be a President. a Vice President, a Secretary and Treasurer. who may also be directors. Any two offices may be held by one person. except the offices of President and vice president, and the offices of Secretary and Treasurer. And until the first annual meeting of the stock holders on the second Monday in Jan uary, 1911. Fen s. Hildreth shall be the President and Treasurer. Irene NJ BiIdreth shall be Vice President and Ursula DeMund shall be Sec Iretary At the first annual meet ing of this Corporation all of the off cers shall be elected from among the stockholders.
 1 ARTICLE TX
 | ne nlSnSSt amount or lnucDle0neSS or liability. direct or contingent. to which this Corporation is at any time to subject itself shall be Sixty Thous- ara (s60.0O0) Dollars. which amount does not exceed two-thirds of the amount of the capital stock | ARTICLE x.
 ! The private property of the stock holders o: t'Iis Corporation shall be forever exempt from it's corporate debts or obligations
 | ARTICLE XI At any meeting; of the stockholders of this Corporation. any of the shares of its capital stock entitled to vote at such meeting may be voted by proxy in such I1anner as the bylaws may provide
 ARTICLE XII. At any and ail meetings of the stock holders Of this Corporation. a majority of the shares of the capital stock vot- ing in the affirmative upon any propo- sition, Ina.ter or thing in relation to the general business of this Corporation shall be decisive of such proposition, matter or thing and binding upon the l Corporation.
 IN WITNESS WHEREOF, we have