Arizona republican., 1912-03-08

Charles Bowman. and the name of the corporation shall be and is:
 ARIZONA BUILDING X INVEST
 NENT 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 cords and seal of the corporation may be kept.
 ARTICLE III.
 i The amount of the Capital stock authorized of this corporation shall | be one Million (S1. .000. .000.00) Dollars, (which shall be divided into two mil lion (2000. .000) shares of the par tNalue of fifty cents ($050) each. and
 the same shall be fully paid in when 1 issued either in cash or by 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 be conclusive: and all of said stock when so issued shall be fully paid and forever non-assessable. Said capital stock shall be 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 C400.0O0) shares amounting
 at par to Two Hundred Thousand
 CS2O0. 100000 Dollars are to be pre-
 ferred stock, and shall be designated land known as Series A" and one million six hundred thousand G.600. OOo) shares amounting at par to
 Eight Hundred Thousand CsSo0, .oo)
 Dollars are to be common stock and said common stock ishau be divided into foul groups of four hundred thousand C4OO. .0OO) shares each. and shall bC designated and known respectively as
 "Scries B. Series C." Series D' and Series E.
 ' The rights. privileges and condi'
 tions following shall be attached t'
 the respective classes. groups an'
 series of shares Of stock aforesaid T. that is to say: the said Preferre'
 Stock of Series A" and the holder
 thereof shall have no voting pOwe
 and privileges. but the Common Stocl
 Of Series E" and the holders there e of shall have all the voting powe t and privilege until otherwise deter n mined as hereinafter provided.
 = All of the said Preferred share " issued shall be entitled to a ike d cumulative preferential dividend a e the rate of eight (S per cent pc q cent per annum on the par Nalu II thereof. to be computed from tn n idyte of issue thereof If in any yea W dividends amounting to eight tS pc G cent) per cent per annum shall nc
 be paid on the said issued Preferre
 Stock. the deficiency shall be charG
 against the net profits of the cor
 poration and be payable, but with l. out interest. before any dividend ,e shall be paid or set apart for t l. Common Stock The said Preferre m Stock shall not be entitled to an y other profits of the corporation $. excess of the said eight S per cent e. per cent per annum.
 le After the payment of said cunt If lative dividend at the rate of elSi
 (S per cenD per cent per annul
 iupon said Preferred Stock, all oth'
 profits and surplus funds of the col F. poration shall belong to and may ! f. paid as dividends upon the issue z- Common stock. share and share alik r. In event of the liquidation or diss' vs lution of the corporation, the surpll at assets and funds thereof shall be al be piled in the first place to repaylr at to the holders of the aforesaid issue he preferred stock. the full amount o- the par value thereof and accrue ed dividends. if any, charged and III he paid. before any amount shall ng paid upon the common otoch' "' id said Preferred Stock shall have r. further right title or interest in al m to the assets and funds of said co of poration or any part thereof. All of such payment in full to the holde all of said Cumulative Preferred StoC
 the surplus assets and funds of t
 corporation shall belong to and be DTS vided among the holders of all t nd Common or general shares of sa