Arizona republican., 1913-08-10

or gas and the y-products thereof, | to purchase, lease or otherwise ac 1 Cuire, erect, own, operate or sell | smelting and ore reduction works, oil TCfineries, saw mills and power 1 plants; to buy, sell construct opcr- l ate and maintain such railroads, ter ! minals, and necessary equipment, 1 tramways, turnpikes and canals as l may be necessary to lead from the l principal works or place of business 1 of the corporation to some existing i railroad, turnpike, or public highway; l to do a general real estate, manu- featuring and mercantile business; to lease real and personal property of l ether persons or corporations for the l purposes of this corporation and to l lease the property of this corpora | tIon to other persons or corporations 1 ter such purposes and on such terms and conditions as the Directors or Stockholders of this corporation may determine; to buy, sell, hold and ac- quire, and lay out townsites, subdivi- SiOnS, 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,
 
 the same as a natural person might do; to issue bonds. notes, debentures and other evidences of indebtedness and secure the payment of the same hy mortgage, deed of trust or other wise; to act as 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 tho 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 end franchises, in the discretion O. the Board of Directors; to acquire by purchase or otherwise franchises oI various descriptions; and in gen eral to do and perform such acts and things and transact such business, not inconsistent with law, in any part of 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 one million shares of the par value or 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 thercupon and thereby become and be fully paid up and non -assessablc, and in the absence of actual fraud in the transaction the judgment of the Directors as to the value If 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- poration 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 a certificate of incorporation delivered to said company by said Corporation Commission and the termination thereof shall he 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 ors. and the following named shall constitute the Board of Directors un- til their successors are elected: $ L. Burton, R. IT Bennett, w A Loomis, J. r.. Hays. F. w. Iokum NJ. & 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 By-Lavys for the government of the corporation to fill vacancies occurring in the Board or Directors from any cause and to make all rules and regulations deem cd eNpedient for the management of the affairs of the corporation not in- consistent with the laws of the Unit eI States and the Constitution and Laws of the State of Arizona.
 ARTICLE VIII.
 The highest amount of indebted ness. direct or contingent, to which the corporation shall be subject at any one time shall be two hundred ard fifty thousand dollars.
 ARTICLE K
 The private property of the Stock holders and officers of the corpora ton shall be exempt from all cor porate debts of any kind whatsoever
 IN WITNESS WHEREOF We have hereunto set our hands and seals this 9th day of July, A D. 1913.
 $. E. BURTON