The Parker post., 1912-12-14

and at such other places within or
outside the State of Arizona as the
Board of Directors may determine,
where meetings of Stockholders and
Directors may be held.
ARTICLE III.
The general nature of the business
proposed to be transacted is to make
contracts; to buy, lease, option, To-
cate or otherwise acquire, own ex-
change, sell or otherwise dispose of,
pledge mortgage, hypothecate and
dea: in Mines, Mining Claims, Min
eral Lands, Coal Lands, Oil Lands,
Timber Lands, Real Estate, Water,
aud Water Rights, and to work, ex-
plore, operate and develop the same,
and to Xtract any and all minerals,
oils and gas therefrom and deal in
the products and by-products thereof;
To buy, lease or otherwise acquire,
erect, own, operate or sell Smelling
Or Ore Reduction Plants, Oil Refin-
cries. saw Mills and Power Plants;
10 10 q general Real Estate, Manu-
featuring and Mercantile business;
To own handle and control letters OF
patent and inventions, shares of it's
own capital stock and that of other
corporations, and to vote any stock
owned BY it the same as a natural
person might do; To issue bonds,
rOtes Gchentures and other evidences
of Indebtedness and to secure the pay
ment of same by mortgage, trust
deed or otherwise; To act as agent,
trustee, or in any fiduciary capacity;
To borrow and loan money, and in
general to do and perform such acts
and things and transact such business,
nct inconsistent with law, in any
part of the world as the Board of
Directors may deem to be to the ad-
vantage of the corporation.
ARTICLE w.
The authorized amount of the capi-
tai stock of this corporation shall be
Seventy Five Thousand Dollars
($75000) divided into Seventy Five
Thousand Shares (75000) par value
One Dollar ($D each. AT such times
as the Board of Directors may dir
Get by resolution, said capital stock
shall be paid into this corporation,
either in cash or by the sale and
transfer of real or personal property
to it. Contracts, services or any
other thing of value to the uses and
needs of said corporation, payment for
which shares of the capital stock of
said corporation may be issued and
the stock so issued shall thereupon
and thereby become fully paid up
and worcestershire, and in the alb
action, the judgment of the Di-
rectors as to the value of the prop
erty bought shall be conclusive
ARTICLE V.
The time and commencement of
this corporation shall be the date of
issuance to it of certificate of in
corporation by the Arizona Corpora
tion Commission, and the termina-
ton thereof shall be twenty five (25)
years thereafter with privilege of
renewal as providd by law.
ARTICLE VI.
The affairs of this corporation shall
be conducted by a Board of Direct
ors consisting of not less than three
90 and not more than seven Gu
Stockholders and the following named
shall constitute the Board of Direct
ors until their successors are elect
edo. A. Marsh, r. c.. Saufley and
B. B. Marsh, all OF which, Parker,
Yuma County, State of Arizona, is
their Post Office address, and there
after the Board of Directors shall he
elected from the Stockholders at the
annual Stockholders meeting to be
held on the second Saturday of Jan.
uary OF each year.
ARTICLE VII.
The Board of Directors shall have
power to adopt and amend Bylaws
for the government of the corpora;
ton, to fill vacancies occurring in the
Board from any cause, and to APP
point an Executive Committee and
vest such committee with such powers
as they may determine
ARTICLE Will
The highest amount of indebt-
edness, direct or contingent to which
this corporation shall be subject to
at any one time shall be Fifty
Thousand Dollars ($5O00O.)
ARTICLE TX
The private property of the Stock
holders and Officers of this Cor
poration shall be exempt from all
Corporate debts of any kind whatso-
ever.