Arizona republican., 1912-03-12
KNOW ALL MEN BY THESE

ing or the StOcknOluerS or tue AIlI- Cna Home Building Company. cor poration organized under the laws Gf the Territory of Arizona held at the office of the corporation on the 2nd day Of March, \. n. 1912, at which all of the issued stock of the corporation WeS represented. reso- lution was duly passed and adopted by the unanimous vote of all Of the said stock. changing and amending the Articles of Incorporation of said corporation. so that Article l., Ar ticle III. the first paragraph con- Sisting of the first twelve lines of Article ". and all of Article VIII. of said Articles of Incorporation, shall read as follows:
 ARTICLE I.
 The names of the Gn) cOrporators are ] l.. Olsen, A w. Galpin and Charles Bowman. and the name of lhe corporation shall he and is:
 ARIZONA BUILDING X INVEST
 MENT co.
 and it's principal place of transacting business and it's principal office shall be in the City of Phoenix. MariCopa County, Arizona. but said corporation may establish and maintain offices and transact any and all kinds of lawful business at any place or places. within or without Arizona. as may be determined by the Board of Directors. at any of which offices or places the Board of Directors and Stockholders may hold meetings and transact business. and the books. re- aE z hA ion may be kept
 ARTICLE III.
 The amount Of the Capital Stock authorized of this cOrpOratiOon shall he one Million C$l.00O0OO00) Dollars, which shall be divided into two mil lion C2O00, ,OOO) shares of the par value of fifty cents (sO50) each. and the same shall be fully paid in when issued either in cash or hy the sale and transfer tO the corporation of real or personal property or by ser vices rendered in payment for which shares of the capital stock of this corporation may be issued: and the judgment of the Board of Directors as to the value of such property. services or rights so acquired shall ltT NplltluSiNf anu 1tl OI NeAAu 9AbAh n when so issued shall be fully paid and forever nOn-assessable. Said capital stock shall he paid in and shall be issued at such times and up- on such conditions as the Board of Directors shall determine and direct.
 Of said capital stock four hundred thousand (40O,0OO) shares amounting at par to TWO Hundred Thousand G2O0. .O0000) Dollars are to be pre- ferred stock, and shall be designated and known as Series A" and one 1 million six hundred thousand G.600. l 000) shares amounting at par 10 | Fight Hundred Thousand ($S00. .000.00) | Dollars are to be common | stock and said common stock | shall be divided into four | groups of four hundred thousand | CiO0.OO0) shares each. and shall be | designated and known respectively as | Series B. Series C." Series D" | and Series F."
 The rights. privileges and cOndi- tiOns following shall be attached to the respective classes, groups and i series of shares Of stock aforesaid, that is to say; the said Preferred 1 Stock of Series A and the holders thereof shall have no voting power and privileges. but the Common Stock of Series E" and the holders there of shall have all the voting power and privilege until otherwise deter mined as hereinafter provided.
 All of the said Preferred shares issued shall be entitled tO a fixed cumulative preferential dividend at the rate of eight (S per cent per cent per annum on the par value thereof. to be computed from the d;te of issue thereof. If in any year dividends amounting to eight (S per cenD per cent per annum shall not he paid on the said issued Preferred Stock, the deficiency shall be a charge against the net profits of the cor pOratiOn. and he payable, but with out interest, before any dividends shall be paid or set apart for the Common Stock. The said Preferred | Stock shall not be entitled to any other profits of the corporation in excess of the said eight tS per cenD per cent per annum.
 After the payment of said cumu lative dividend at the rate of eight (S per cenD per cent per annum upOn said Preferred Stock all other profits and surplus funds of the cor poratiOn shall belong to and may be paid as dividends upon the issued Common Stock, share and share alike. In event of the liquidation or dissO- lution of the corporation, the surplus assets and funds thereof shall be ap- piled in the first place to repaying 10 the holders of the aforesaid issued preferred stock, the full amount of the par value thereof and accrued dividends. if any, charged and un- paid, before any amount shall be paid upon the Common Stock; and said Preferred Stock shall have no further right. title or interest in and tO the assets and funds of said cor poratiOn or any part thereof. After such payment in full to the holders of said Cumulative Preferred Stock, the surplus assets and funds of the corporation shall belong to and be di vided among the holders of all the Common or general shares of said stock then issued, of all or any of the series in proportion to the num-