Arizona republican., 1913-10-21

I be for the carriage of passengers, 1 general transportation within or with i out the city of Phoenix, and within
 the state of Arizona, or outside of 1 the state of Arizona as the board of 1 directors may deem to the interest of 1 this corporation; to own, maintain and operate telegraph and telephone ] lines in connection with the said l above mentioned business or inde- 1 pendently of the above mentioned 1 business to acquire own and hold 1 franchises, privileges and concessions | Of all kinds and to receive for the l services which this corporation may i render, proper compensation therefor; 10 buy, sell, own, mortgage, hypothe- cate and deal in real estate and per sonal property of every kind and na-
 ture; to borrow and lend money and to give and take securities, mortgages, trust deeds, debentures, etc.; to buy sell, own and operate ice plants, hold and sell the product thereof, and to acquire such plants and the ma 1 chlnery for the operation thereof; to own, operate, construct and build gas and electric plants for the purpose | of sale and distribution to customers of the products Of such plants; to acquire franchises, privileges and con- sessions for the operation of said plants; to own, hold, buy and sell patent rights and letters patent and in general, to do any and all things necessary to the proper conduct of the business of this corporation not inconsistent with the laws of the United States, the state of Arizona ! s--t- l. tion may do business.
 3. The authorized capital stock of
 this corporation shall be One Million ($1. GOO, ,000.0O) Dollars, divided into Two Hundred Thousand (200 OOO)
 Shares Of the par value of Five ($5.00) Dollars per share; that of the
 aforesaid 2en. 900 shares of stock of
 tEis corpora ton, 150,000 shares shall
 be preferred stock and 50,000 shares
 shall be common stock. The pre-
 ferred stock of this corporation shall
 be entitled Q receive guaranteed div
 idends of six per cent out of the net
 earnings of this corporation, payable
 quarterly semi mi-annually or yearly in
 such amounts as the board of di-
 rectors may direct. It is further pro-
 vided that the preferred stockholders
 shall not participate or have any
 voice in the policy or control or thlS
 corporation, neither shall such stock
 holders be allowed to vote at any
 stockholders meeting. but shall al
 ways be entitled to the dividends
 above set forth as stated, and the
 preferred stock is subject to redemp
 ton at par at any time that the
 board of directors may see proper to redeem the same.
 The voting power and the policy
 and conduct of the affairs of this
 corporation shall forever be vested in
 the common stock. The board of di
 rectors may cause said capital stock
 nr any part thereof to be subscribed
 or paid for in cash, in the purchase
 or exchange or transfer of rear or personal property or for services rem
 dered, and to issue or cause to be
 issued any part or all of the capital
 stock as required at any time or
 from time to time. and when so is
 sued said stock shall be fully paid
 and non -assessable, and in the ab
 sence of fraud, the judgment of the
 board of directors as to the value of the property purchased, transferred or exchanged and as to services rem
 dered, shall be conclusive. The com
 mon stock may be voted by prOXV at