Arizona republican., 1913-02-10


 property, including stocks and bonds of other corporations, public or pri- vate, either directly or as an agent on commission or otherwise; to act as agents brokers and factors iT the purchase or sale of stocks or bonds, of any and all corporations, public or private, or any property, 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, 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 conveyance there of by way of lien. mortgage, pledge, deed of trust or secured or unsecured by real or personal property; to buy or sell directly or as agent on commission or otherwise admission tickets to any fair or exposition and to any concession or concessions therein, and to any place or places of amuse- ment instruction or pleasure there in or elsewhere, and to make con- tracts for the same, either directly or as agent on commission or other wise; to make and enter into con tracts for doing any of the matters 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 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 l commission or otherwise.
 ARTICLE "
 The capital stock of this corpora : ton shall be two hundred and fifty ! thousand dollars ($25O, O,0O0.OO), divid- | ed into twenty-five hundred (250O) i shares at the par value of one hun dred dollars ($1O0O0) each; and said ] capital stock shall be divided and l classified as follows: Of the said | capital stock one thousand O000) l shares amounting to one hundred 1 thousand dollars ($100, ,000.O0) shall be preferred shares and fifteen hundred 1 G500) shares amounting to one hundred and fifty thousand dollars 1 C$150,O0O.OO) shall be common shares 1 The holders of the outstanding pre- ferred shares shall be entitled to re- i Ceive out of the net earnings of the ! corporation for any year available for dividend purposes, a dividend oi eight per centum per annum of the par value of said preferred share: before any dividend is set apart Ol paid on the common shares. The l holders of the common shares shal be entitled to receive out of the ne earnings of the corporation for an! year available for dividend purposes or of the said net earnings after tn, holders of the outstanding preferret shares have received dividend O eight per ccntum for that year II case of liquidation or dissolution O the Company, the net assets shal be devoted as follows:
 FIRST: To the payment of thu par value of outstanding preferred shares in full SECOND: At sucl time as the Board may by resolution direct. said capital stock shall D, paid for either in cash or by thu sale and transfer to the corporation of real or personal property, service! or any other right or thing of valu necessary or incidental to the ad vancement of the purposes of tn, corporation and when so issued shal become fully paid the same a! though paid for in cash at par anC the absence of actual fraud, tn judgment of the directors as to tn value of the property or services shall be conclusive.
 ARTICLE VI.
 At the time of the commencement of this corporation shall be the dat of the issuing to it of a certiffcatt of incorporation and shall endure fo the full term of twenty-five year thereafter, with the privilege of per petua succession as provided b! law.
 ARTICLE VII.
 The affairs of the corporation shall be conducted by a board O five directors. divided into tw, 1 classes. in respect to the time fo which they can severalIy hold office and the manner of their election