Arizona republican., 1912-02-20

munities and to do all things permit ted and to take advantage of all laws now in force or that may be here after enacted
 To remunerate the directors. Offic- CTS. agents. appointees, employees and servants of this corporation for all services rendered or to be rendered: to remunerate any person, firm o: corporation for services rendered oI to be rendered in selling. placing. un- derwriting. guaranteeing or disposing of any of the shares of stock, bonds dcbentures. certificates, papers. or oth- CT securities or property of this cor poration or in and about the forma- tion. organization. promotion, or con- duct of the business of the same.
 To do any and everything neces- sary. suitable. proper or expedient for the accomplishment of any or all of the purposes or the attainment O. the objects hereinbeforc enumerated. or which at anytime may be conduc- i've or eXpedient or advisable for the benefit or protection ot this corpora ton; and in general tO engage iu and transact any and all kinds Of lawful busiess, and to make. perform and enforce any and all kinds of con- tracts whatsoever. and to do and per form any and all acts that natural person or any firm. corporation. or association, might, could or would do cr perform.
 Any or all of the things. objects and purposes herein enumerated and authorized tO be done shall be done and performed at such time or times and at such place or places within or without Arizona and upon such terms and conditions and for such cOmpen- sation and in such manner as the Board of Directors shall. from time to time, determine and direct, and not otherwise
 ARTICLE TIT
 The amount Of the capital stock authorized of this corporation shall
 be Five Hundred Thousand (S5OO.- 000OOD Dollars. which shall be divid-
 ed into five thousand (500g) shares
 Of the par value Of One Hundred
 ($100G0) Dollars each: and the same
 shall be fully paid in when issued.
 either in cash or by the sale and transfer to the corporation of real or
 personal property. or by services rcn- deed. in payment for which shares of
 the capital stock Of this corporation
 may be issued. and the judgment of the Board of Directors aS to the value of such property. services or rights so acquired shall be conclusive: and all of said stock when so issued shall be fully paid and forever non-assessable
 Said capital stock shall be paid in and shall be issued at such times and
 upon such conditions as the Board of
 Directors shall determine and direct
 Not exceeding two thousand (210O) shares of said capital stock, amount ing at par to Two Hundred Thous- and ($200 GG0O0) Dollars. may be con sidered, made. created and designated as preferred stock. with such rights privileges. preferences. restrictions ard conditions attached thereto. as shall be fixed and determined by the Board of Directors. with the con- currcnce and consent of the owners of two-thirls or the then issued and outstanding general or common stock at the time such preference iS so Crc- | ated, all Of said capital stock not so made and designated as preferred stock. shall remain common stock The preferred stock and the holders ! thereof shall have no voting power i or privilege. but the common stock and the holders thereof shall have all l the voting power and privilege In the event of the liquidation or ] rNe aH..Ne surplus assets and funds thereof
 shall be applied in the first place to repaying to the holders of the afore- said issued preferred stock the full iamount of the principal and par value thereof and the accrued dividends. if any charged. before any amount shali he paid upon the common stock. and after such payment in full to the holders of said preferred shares. the surplus assets and funds shall be- 1 long to and he divided among the holders of all the common OF general | shares Of stock of said corporation. The right is hereby reserved tO the common stock and the holders there l of tO amend these Articles of In- | corporation by a majority vote of said common stock at any legally
 held stockholders meeting. and it is expressly provided and agreed that in
 the event the capital stock of this
 corporation shall hereafter be in- creased any part of said increased capital stock may be created. dcsig
 mated and made cumulative preferred stock tO the same extent as the pre- ferred stock mentioned in this Ar ticle.
 | ARTICLE ".
 The time of the commencement of this corporation shall be the date of the filing of these Articles of In- corporation in the office of the Coun- | ty Recorder of Maricopa County. Ari- zona. and a certified copy thereof in
 the office of the Auditor of Arizona. and the termination thereof shall be twenty-five years thereafter. but the same may be renewed and extended ' for like periods perpetually.
 ARTICLE V.
 The affairs of this corporation shall ] be conducted by a Board of Directors ard such officers as said Board may elect and appoint Tho Board of Di- rectorS shall consist Of not less than
 three (3) nor more than nine tg) di- rcctors. each of whom shall be a 1 stockholder. Any director ceasing to