Arizona republican., 1913-02-05

the purchase or sale of stocks or bonds. of any and all corporations public or private, or any propertv | real, personal or mixed; to borrow and loan money and issue 'promis- sorry notes, money checks or other evidences of indebtedness and to se- cure the same by pledge, mortgage. l hypOthecation, or conveyance in trust, or real or personal property. and as security for any loan to take, hold and receive real or personal property and any l conveyance there of by way of lien. mortgage, pledge, deed of trust or l other incumbrance; to issue bonds, secured or unsecured by real or personal property; to buy or sell directly or as agent on commission | or otherwise admission tickets to 1 any fair or exposition, and to any 1 concession or concessions therein, and to any place or places of amuse- ] ment. instruction or pleasure there 1 in or elsewhere, and to make con- l tracts for the same. either directly or as agent on commission or other | wise; to make and enter into con- 1 tracts for doing any of the matters l or things hereinbefore specified; to | own, acquire, hold, operate or main tain. stores, buildings, warehouses. depots and Wharves for the carrying | out of any Of the aforesaid ob- 1 jects and purposes of this corpora ton; to take out any license ne cessary in connection herewith. and | generally to do any and all things | necessary, convenient and proper or | advisable in connection with the pro- motion or advancement of any of the aforesaid purposes and to do any of the things or matters afore- said, either directly or as agent on commission or otherwise
 ARTICLE V.
 The capital stock of this corpora ton shall be two hundred and fifty thousand dollars ($25O, ,000.00), divid- ed into twenty five hundred (25O0) shares at the par value of one hun dred dollars ($1OOOO) each and said capital stock shall be divided and classified as follows: Of the said | capital stock one thousand 0000) shares amounting to one hundred thousand dollars (S100, ,O0000) shall be l preferred shares and fifteen hundred | G500) shares amounting to one hundred and fifty thousand dollars (S150.0 0.000.00) shall be common shares. The holders Of the outstanding pre- 1 ferred shares shall be entitled to re- ceive out of the net earnings of the corporation for any year available for dividend purposes. a dividend of eight per centum per annum of the s-I before any dividend is set apart or paid on the common shares. The holders of the common shares shall 1 be entitled to receive out of the net | earnings of the corporation for any 1 year available for dividend purposes, or of the said net earnings after the ] holders of the outstanding preferred | shares have received a dividend of eight per ccntum for that year. Tn case of liquidation or dissolution of the Company. the net assets shall be devoted as follows:
 FIRST: To the payment of the par value of outstanding preferred | shares in full. SECOND: At such time as the Board may by resolution direct. said capital stock shall be paid for either in cash or by the | sale and transfer to the corporation of real or personal property, services l or any other right or thing of value necessary or incidental to the ad- 1 vancement of the purposes of the 1 corporation and when so issued shall become fully paid, the same as though paid for in cash at par and the absence of actual fraud, the l +a hn value of the property or services. | shall be conclusive.
 ARTICLE VI
 i At the time of the commencement of this corporation shall be the date of the issuing to it of a certificate of incorporation and shall endure for the full term of twenty five years thereafter with the privilege of per petual succession as provided by law.
 ARTICLE VII.
 The affairs of the corporation 1 shall be conducted by board of five directors. divided into two | classes in respect to the time for which they can severally hold office, and the manner of their election one class, to be known as the first class shall be composed of three directors who shall be chosen eX- clusively by the holders of the com | mon shares and shall hold office for a period of two years and until ! their successors are chosen and have qualified. The other class, to be known as the second class, shall be | composed of two directors who shall be chosen exclusively by the holders 1 of the preferred shares and shall hold office for period of one year and until their successors have been elected and qualified.
 The annual meeting of the stock | holders shall be held on the second Saturday in January. 1914. and an nually thereafter as the bylaws | shall provide.
 The board of directors shall be ! composed of the following persons, | towit:
 Name J. C. H. Pringle: class, l first; residence. san Francisco, Calf | ornia
 Name. Harry Rowland; class. sec