Arizona republican., 1912-02-10

 nation. organization. promotion, or conduct of the business of the same. To do general telegraph, tele- phone, light. heating, power. fuel. in dustrial, real estate, farming, lumber, building construction, mercantile, manufacturing. packing. cattle, under writing. irrigation, promotion, trans pOrtation. commission, investment. abstract, insurance, loan. machinery boundary storage, agency. hotel, res taurant and lodging house, patent copyright, hospital and sanitarlum. collection, negotiating. contracting, V arehouse and brokerage business
 To procure this corporation to be registered or recognized. authorized and empowered to acquire property and enjoy and operate the samr and carry on its business and maintain one or more offices and to purchases. hold. own, improve. use. sell operate, pledge. hypothecate. mortgage, con- Vey or otherwise dispose of real and personal property, without limit as to amount. in any part of the world.
 And generally to carry on, conduct and transact any lawful business at any time or place. and with any per son, firm, society, association, cor pOration. district. municipality county, state. government or other authority.
 To remunerste the directors, off cers. agents. appointees. employees and servants of this corporation for all services rendered or to be render ed
 To enjoy all the privileges and i'm munities and to do all things per mitted and tO take advantage of all laws now in force or that may Oe hereafter enacted
 To do any and everything necessary, suitable, proper or eXpedient for the accomplishment of any or al of the purposes or the attainment of the objects hereinbefore enumerated. or which at any time may be conducive or eXpedient or advisable for the be- nefit or protection of this corporation and in general to engage in any and all kinds of lawful business, and to make. perform and enforce any and all kinds of contracts whatsoever. and to do and perform any and all acts that a natural person 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 compensation and in such manner as the Board of Directors shall, from time to time. determine and direct. and not otherwise.
 ARTICLE III.
 Tn amOut of the Capital Stock au- thorized of this corporation shall be one Million Gl.OO0.OO Dollars, which shall be divided into Ten Mil lion G0.000. .00O) shares of the par value of ten cents C1O cts.) each; and the same shall be fully paid in when 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 Judgement of the Board of Directors as to the value of such property. ser vices or rights so acquired shall be conclusive: and all of said stock when so issued shall be fully paid and forever -assessable. Said capital stock shall be fully paid in and shall he issued at such times and upon such conditions as the Board of Directors shall determine and direct.
 Of said capital stock eight million (s.000, 00O) shares. amounting at par to eight hundred thousand ($S00. 0.000.00) dollars. are to be preferred stock and two million (2.000,00O) shares, amount ing at par to two hundred thousand CS2OO, ,00O.O0) dollars, are to he common stock.
 The rights, privileges and conditions spective classes of shares of stock aforesaid. that is to say:
 FIRST: The preferred stock and the holders thereof shall have no vot- ing power or privilege, but the com mon stock and the holders thereof shall have all the voting power and privilege.
 SECOND: All of the said preferred shares issued shall carry a fixed cum ulative preferential dividend at the rate of eight (S) per cent per annum on the par value thereof, to be com puted from the date of issue thereof. If in any year dividends amounting to eight (S) per cent per annum shall no. be paid on said preferred stock. the deficiency shall be charge on the net profits of the corporation and be pay able, but withoSt interest, before any dividends shall be paid or set apart for the common stock.
 THIRD: After the payment of said cumulative dividend at the rate of eight (S) per cent per annum to the holders of the preferred stock, cumu- latve dividends at the rate of eight
 S) per cent per annum on the par value thereof may be distributed and raid to the holders of the general or common stock, as and when the board c: directors shall in their discretion determine.
 FORTH: After the paymen. of said cumulative dividend at the rate of eight (S) per cent per annum to the