Arizona republican., 1913-08-15

smelting and ore reduction works, oil rC fineries, saw mills and power plants; to buy. sell, construct. oper- ate and maintain such railroads. ter minals, and necessary equipment, tramways. turnpikes and canals as may be necessary to lead from the principal works or place of business of the corporation to some existing railroad, turnpike, or public highway; to do a general real estate, manu- facturing and mercantile business; to lease real and personal property of ether persons or corporations for the purposes of this corporation and to lease the property of this corpora tiOn to other persons or corporations fer such purposes and on such terms and conditions as the Directors or Stockholders of this corporation may determine: to buy. seI hold and ac- Quire, and lay out tOwnsites, subdivi- sinns. and other real property and to , subdivide the same; to own. handle and control letters patent and inven
 tions and shares of it's own capital stock and that of other corporations. and to vote any stock owned by it the same as q natural person might do; to issue bonds, notes, debentureS and other evidences of indebtedness and secure the payment of the same by mortgage, deed of trust or other wise to act agent. trustee, brOk- CT or in any other fiduciary or trust capacity, and to borrow and loan money; to erect buildings and other improvements on the lands belonging to the corporation and to let the same for hire; to buy and otherwise ac- quire and to sell, exchange and hold for investment purposes the stocks and bonds of other corporations; to exchange the capital stock of this corporation, or any part thereof. for the capital stock of other corpora tions, and for other property rights and franchises, in the discretion Of the Board of Directors; to acquire by purchase or otherwise franchises oI various descriptions; and in gen eraI to do and perform such acts and things and transact such business. not inconsistent with law, in any part 0f the world as the Board of Direct ors may deem to the advantage of the corporation.
 ARTICLE ".
 The authorized amount of the capital stock of this corporation shall Dc one million dollars divided into enc million shares of the par value Of one dollar each At such times as the Borad of Directors may by resolution direct. said capital stock shall be paid into this corporation. either in cash or by the sale and transfer to it of real or personal property, contracts. services, or any valuable right or thing for the uses and purposes of said corporation. in payment for which shares of the capital stock of said corporation may be issued and the capital stock so issued shall thereupOn and thereby become and be fully paid up and assessable, and in the absence of actual fraud in the transaction the judgment of the Directors as to the value of the property purchased shall be conclusive.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of the filing of these articles of incor pOra tiOn in the office of the Cor poration Commission of Arizona, and | certified copy thereof recorded in the office of the County Recorder of Maricopa County, Arizona, and certificate of incorporation delivered to said company by said Corporation Commission and the termination thereof shall be twenty-five years thereafter. with the privilege of re- newal as provided by law.
 ARTICLE VI The affairs of this corporation shall be conducted by a Board of Direct CTS, and the following named shall constitute the Board of Directors un- t;l their successors are elected: s. F. Burton, R. H. Bennett, w. A. Loomis. J. E. Hays, F. w Hokum. M. s. McEniry, F. J. Airey. and Alexander Burns. Thereafter the Board of Directors shall be elected from among the stockholders at the annual meeting to be held on the second Tuesday of January of each year.
 ARTICLE VII.
 The Directors shall have power to adopt and amend Bylaws for the government of the corporation, to fill vacancies occurring in the Board 1 of Directors from any cause and to make all rules and regulations deem 1 ed expedient for the management of | the affairs of the corporation not in- ] consistent with the laws of the Unit 1 e1 States and the Constitution and i Laws of the State of Arizona. ARTICLE VIII.
 The highest amount of indebted