The Parker post., 1912-12-21
> be at PARKER, YUMA COUNTY,

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-
cats 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,
Timbe? Lands, Real Estate, Water,
and 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 III
the products and by-products thereof;
To buy, lease or otherwise acquire,
erect, own, operate or sell Smelling
or Ore Reduction Plants, Oil Rein
cries. saw Mills and Power Plants;
TO 10 . general Real Estate, Manu-
featuring and Mercantile business;
To own handle and control letters of
patent and inventions, shares of its
own capital stock and that of other
corporations, and to vote any stock
owned by it the same as natural
person might do; To issue bonds,
rotes debentures and other evidences
of indebtedness and to secure the pay
ment O. 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
net INCONSISTENT with law, in any
part of the world as the Board of
Directors may deem to be to the adj
vantage of the corporation
.e5 ARTICLE ".
!. The authorized amount of the capt.
tai stock of this corporation shall be
Seventy Five Thousand Dollars
($750O0) divided into Seventy Five
Thousand Shares (75O09) par value
One Dollar ($1) each. AT such times
as the Board of Directors may dir
ect 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
sence of actual fraud in the trans
action, the Judgment of the Di-
rectors as to the value of the prop
erty bought shall be conclusive
ARTICLE ".
The time and commencement of
this corporation shall be- the date of
issuance to it of certificate of in
corporation by the Arizona Corpora
ton 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 Board of Direct
ors consisting OF not less than three
CD and not more than seven CD
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 VIII.
The highest amount of indebt-
edness, direct or contingent to which
this corporation shall he subject to
at any one time shall be Fifty
Thousand Dollars ($5OOO0)
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
IN WITNESS WHEREOF We have