Arizona republican., 1912-02-16


munities and To- do all things permit
ted and To take advantage of all laws
now in force or that may b. here
after enacted
To remunerate the directors. offic-
crs. agents. appointees. employees and
servants of this corporation for all
services rendered or To be rendered:
10 remunerate any person, firm or
corporation for services rendered or
To be rendered in selling. placing. I'M
derwriting, guaranteeing or dispOsinS
Of any of the shares of stock, bonds.
,debentures. certificates. papers. or 9TH
er securities or property of this cor
poration or in and about the forma-
ton. 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 %
the objects hereinbefore enumerated.
or which at anytime may be conduc-
i've or eXpedient or advisable for the
benefit or protection Of this corpora
ton; and in general 10 engage in
ard transact any and all kinds OF
lawful busess and to make. perform
and enforce any and all kinds of con-
tracts whatsoever. and 10 do and per-
form any and all acts that Il natural
person or any firm. corporation. or
association. might, could or would do
or perform.
Any or all of the things. objects
and purposes herein enumerated and
authorized 10 he 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 III.
The amount % the capital stock
authorized Of this corporation shall
be Five Hundred Thousand $5OO.-
100000 Dollars. which shall be divid-
cd into five thousand 10000 shares
Of the par value of one Hundred
tSl00.O0) Dollars each; and the same
shall be fully paid in when issued.
transfer To the corporation Of real or
personal property, or by services rem
deed, in payment for which shares Of
the capital stock of this corporation
may he 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 worcestershire.
said canital 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 (2000)
shares OF said capital stock. amount
ing at par 20 Two Hundred Thous-
and (S200. 100000 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-
Curreuce and consent of the owners
Of two-thirds of the then issued and
outstanding general or common stock
At the time such preference is SO ere
ated. all of said capital stock not 50
made and designated as preferred
stock. shall remain common stock.
The preferred stock and the holders
| thereof shall have no voting power
/ or privilege. but the common stock
and the holders thereof shall have all
the voting power and privilege.
In the event of the liquidation or
dissolution Of the corporation. the
surplus assets and funds thereof
shall he applied in the first place To
repaying to the holders of the afore-
said issued preferred stock the full
amount of the principal and par value
| thereof and the accrued dividends. if
any charged. before any amount shall
be 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-
long 10 and be divided among the
holders Of all the common or general
shares of stock of said corporation.
The right is hereby reserved to the
common stock and the holders there
Of To amend these Articles of In
corporation by 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. desiG-
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-
~ Recorder of Maricopa County. Ari-
IONA and q 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. The Board Of Di-
rectOrs shall consist of not less than
three 90 nor more than nine (9) di-
rectors. each of whom shall be 4