Arizona republican., 1912-02-19

To enjoy all the privileges and inn lmunitics and 10 do all things permit ted and to take advantage of all laws
 now in force pr that may be here laftcr enacted
 To rcnunerate the directors. Offic- CTS. agents. appointecs, employees and servants of this corporation for all lscrvices rendered ar to be rendered: 1: to remunerate any persrn, firm o:. lcOrpOratiOn for services rendered or to be rendered in selling, placing. un- ldcrwriting. guaranteeing or disposinc Iof any of the shares of stock. bonds. Idebentures. certificates. papers. or oth- Ter securities or property of this cor operation or in and about the forIna- ton. organization, promotion. or con- duct of the business of the same. To dn any and everything nec.s- sary. suitable. proper or expedicnt for the accomplishment of any or all of the purposes or the attainment of the objects hereinbeforc 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 to engage in 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 a natural person or any firm. corporation. or association. might. could or would do or perform.
 Any ar 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 Tot otherwise
 ! ARTICLE III
 ] The amount of the capital stock authorized of this corporation shall be Five Hundred Thousand (S5OO.- 0000G Dollars. which shall be divid- cd into five thousand t5O0O) shares of the par value of one Hundred | ($fO0.0o) 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 rem 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 tof 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 he paid in anu shall be issued at such times and upon such conditions as the Board of Directors shall determine and direct Not exceeding two thousand t2OO0) shares of said capital stock. amount ing at par to Two Hundred Thous- and ($20o.O00.u0 Dollars. may be con- Sidercd. made. created and designated as preferred stock. with such rights. | privileges. preferences. restrictions and conditions attached thereto. as shall be fixed and determined by the Roard Of Directors. with the con currencc and consent of the owners of two-thirds of the then issued and outstanding general or common stock. at the time such preference Is 80 ere atcd. all of said capital stock not SD made and designated as preferred stock. shall remain CommoE stock
 The preferred stock and the holders | thereof shall have no voting power or privilege. but the common stock and tho holders thereof shall have all the voting power and privilege
 In the event of the liquida ation or ! 1 nf h, .G,.. 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 lamount 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 tn the holders of said preferred shares. the surplus assets and funds shall be- long to 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 a majority vote of 'tiu NOiiiipH SNbth dI dnN itkdltN 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- ferrcd 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 n 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 pcrpetually
 ARTICLE V.
 The affairs of this corporation shall he conducted by Board of Directors and such officers as said Board may elect and appoint. The Board of Di- rectors shall consist of not less than three (3) nor more than nine 60 di- rectors. each of whom shall be a stockholdcr. Any director ceasing to be a StOckhOldCr thcreupOn imme,Ii-