Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1912-02-17

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now in force or that may be here
after enacted
To remuncratc the directors. 0ffic-
ers, agents appointees. employees and
servants of this corporation for all
services rendered or to be rendered:
to rcmunerate any person, firm or
corporation for services rendered or
To be rendered in selling. placing. I'M
derwriting, guaranteeing or disposing
Of any of the shares of stock, bonds.
idebenturcs. 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 o.
the objects hereinbeforc enumerated.
or which at anytime may be cOnduc-
i've or cXpcdient or advisable for the
benefit or protection of this corpora
ton; and in general 10 engage i'm
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 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 III.
The amount Of the capital stock
authorized of this corporation shall
be Five Hundred Thousand CSJOO.-
100000 Dollars. which shall be divid-
ed into five thousand (5000) shares
of the par value of one Hundred
100000 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
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 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 (20OO)
shares of said capital stock, amount
ing at par to Two Hundred Thous-
and C$2G0.0 100000 Dollars. may be con-
sidcred. 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
Board of Directors. with the con-
currence 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 Gre
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
or privilege. but the common stock
ard 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
CHI L.
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 tn the
holders Of said preferred shares. the
surplus assets and funds shall be-
long To and he 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 10 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
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.
ARTICI T. "
The time of the commencement of |
this corporation shall be the date of |
the filing Of these Articles of In |
in the office of the COun- |
~ Recorder of AIaricOpa County. Ari- |
iona. 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 Il 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 60 nor more than nine 90 di- |
rectors, each of whom shall be a 4
ANY director ceasinG to l
be a stakeholder thereupon immedi- /
ltely ceases To be a director The /