Arizona republican., 1912-02-18

To enjoy all the privileges and inn
munities ana to do all things permit
ted and To take advantage of all laws
now in force or that may be here
after enacted.
To remunerate the directors. Offic-
ers. agents. appointees. employees and
servants of this corporation for all
services rendered or To be rendered
to remunerate any person, firm OF
corporation for services rendered OI
to he rendered in selling. placing. UNI
derwriting. guaranteeing or dispensing
of any of the shares Of stock, bonds
ldebentures. 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 expedienl
for the accomplishment of any OF all
Of the purposes or the attainment -.
the objects hereinbefore enumerated
or which ut anytime may he 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 10 do and per-
form any and all acts that 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
10 time. determine and direct. and
not otherwise.
ARTICLE III
The amount of the capital stock
authorized of this corporation shall
be Five Hundred Thousand $500.
100000 Dollars. which shall be divid-
ed into five thousand (5000) shares
Of the par value of one Hundred
($100.00) Dollars each: and the same
shall be fully paid in when issued
either in cash or by the sale and
transfer % the corporation Of real or
personal property. ~ 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 mar To Two Hundred ThOus-
and CS200. 000.00D Dollars. may be con-
sidered. made. created and designated
IS preferred stock. with such rights
privileges. preferences. restrictions
ard conditions attached thereto. as
| shall be fixed and determined by tn,
Board Of Directors. with the con-
cUrrence and consent of the owners
Of two-thirds Of the then issued anC
outstanding general or common stock
at the time such preference is SO ere
ated. all Of said capital stock not 81
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
ana the holders thereof shall have all
the voting power and privilege.
In the event Of the liquidation OF
dissolution Of the corporation. tn,
surplus assets and funds thereof
shall be applied in the first place "a
Irepaying to the holders of the afore-
said issued preferred stock the full
IamOunt of the principal and par value
thereof and the accrued dividends. il
any charged. before any amount shall
he paid upon the common stock. and
after such payment in full to the
holders of said preferred shares. the
surplus assets and funds shall be-
| long 10 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 10 amend these Articles of In
corporation by a majority vote OF
said common stock at any legally
held stockholders meeting. and il 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 he created desig
stock to the same extent as the pre-
ferred 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-
T. Recorder of MaricOpa County. Ari-
IONA. and 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 a 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 co nor more than nine 90 di-
rectOrs. each of whom shall he a