Arizona republican., 1913-02-06

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- sory 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 l or personal property. and any | conveyance there Of by way of lien. mortgage, pledge, deed of trust or other incumbrance; to issue bonds. ksecured 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. l and to any place or places of amuse- l ment. instruction or pleasure there 1 in or elsewhere, and to make con- tracts for the same, either directly i or as agent on commission or other 1 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, 1 depOts and wharves for the carrying 1 out of any of the aforesaid ob- 1 jects. and purposes of this corpora l ton; to take out any license ne l 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 = 1 ton shall be two hundred and fifty thousand dollars ($250, 0,00O00), divid- ed into twenty-five hundred (2500) l shares at the par value of one hun dred dollars (s100.0O) each; and said capital stock shall be divided and classified as follows: Of the said 1 capital stock one thousand G000) shares amounting to one hundred thousand dollars ($100. .00000) shall be l preferred shares and fifteen hundred | 0500) shares amounting to one l hundred and firty thousand dollars (S150. .000.00) shall be common shares | The holders of the outstanding pre- ferred shares shall be entitled to re- oeive out of the net earnings of the corporation for any year available 1 1iHyid It eight per centum per annum of the par value of said preferred shares before any dividend is set apart ol paid on the common shares. The holders of the common shares shal be entitled to receive out of the net earnings of the corporation for any year available for dividend purposes or of the said net earnings after the l holders of the outstanding preferred shares have received a dividend o eight per centum for that year. IT case of liquidation or dissolution o the Company, the net assets shal be devoted as follows:
 FIRST: To the payment of the par value of outstanding preferred shares in full SECOND: At sucf time as the Board may by resolution direct, said capital stock shall bC paid for either in cash or by the sale and transfer to the corporation of real or personal property, services or any other right or thing of value necessary or incidental to the ad
 vancement of the purposes of the 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, tho judgment of the directors as to the 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 certificat' of incorporation and shall endure fol the full term of twenty-five year: thereafter. with the privilege of per
 petual succession as provided b! law.
 ARTICLE VII.
 | The affairs of the corporation shall be conducted by a board O
 five directors. divided into tw' classes. in respect to the time fol | which they can SeVerally hold Oftlce
 and the manner of their election
 one class, to be known as the frs
 class, shall be composed of thre
 directors who shall be chosen eX
 clusively by the holders of the com
 mon shares and shall hold office fO
 a period of two years and unti their successors are chosen and hay
 qualified The other class, to b known as the second class. shall b. composed of two directors who shal
 be chosen exclusively by the holder of the preferred shares and shal
 hold office for a period of one yea
 and until their successors have beel
 elected and qualified.
 The annual meeting of the stock
 holders shall be held on the secon'
 Saturday in January. 1914, and an nually thereafter as the bylaw shall provide.
 The board of directors shall b , composed of the following persons towit:
 l Name. J. C. H. Pringle; class l first; residence, San Francisco, Calf l Ornia.