Arizona republican., 1913-03-23

value of any such equivalent re
 ceiVed In payment for stock othel
 than money. Each holder of th'
 capital stock of this corporation
 shall be entitled to one CD vote fol | each share of stock so held by him which may be cast in person or by written proxy. Transfers of stock shall be effected by endorsement oi the holders certificate and proper notation Of such transfer upon the books Of the corporation
 ".
 The general business of the cor poration shall be to acquire. by pur- chase. exchange. contract or lease in the State of Iowa or any other part of the United States. real es- tate. for the purpose Of quarryin2 rock. granite. marble or any other mineral therefro1n. for sale either in its natural condition, or by prepar- which if may or can be used. and selling the same in such quantities and at such place or places as. in the judgment of the Directors. shall be to the interest of the corpora ton; and the sale of any and all byproducts resulting from the quar- rying of the minerals herein re- ferred to, either in their natural condition, or changing such condi- tion by combining therewith other substances or materials: and said corporation may engage in the manu- facture of cement, brick and tile. in buying and selling merchandise. ma chinery and tools, and in the Op- eration of it's lands for agricultural purposes: and said corporation may engage in any other business that the Directors may deem advantage ous in connection with that herein specified: and for the purposes for which this corporation is organized, it may acquire machinery, tools and and all other property necessary in the transaction of the business for which the corporation is organized. and it may erect. or cause to be erected, buildings, either for machinery, or stores or ware houses, or for residences for its em- ployes, or for any other purpose necessary in the transaction of the business for which the corporation is organized. It may lease. construct, equip and operate such tramways, railways or other means of trans portation as may be necessary in the of it's business, and may acquire, by lease or purchase ease ments or rights way over real estate not owned by it, for the pur- poses herein specified. It shall have the right to sell and convey any and all real or personal estate acquired under the provisions of these articles, and to purchase such other real and personal property as may be useful in the prosecution of its business. It shall have the right to borrow money and execute proper evidences of indebtedness therefor. and may secure the same, with the consent of the majority of the capital stock. by real or chattel mortgages on any property owned by the corporation: and this corporation shall have the right to do all things necessary and convenient to be done to carry out all of the purposes for which it is organized.
 The affairs of this corporation shall be conducted by a Board of not less than five (o). nor more than nine (9). Directors. who shall be elected from the stockholders at their annual meeting, and, subject to the provisions herein contained. shall hold their office for one CD year. or until their successors are elected and qualify by signifying in writing their acceptance of such trust. From it's members said Board may elect a President and Vice President, and shall also elect a Treasurer and Secretary who may or may not be stockholders. A ma iority of the whole number of the Directors elected and who shall have qualified shall be necessary to con- stitute a quorum and to enable the Board to transact any business. 4 majority of the capital stock shall have the right to terminate the of ficial connection of any of its di- rectors or officers. at any regular or special meeting of the stock holders.
 hC CStOiS SiIdli nave poNCi tc adopt. amend and rescind Bylaws and to fill vacancies occurring in the Board of Directors. or any other of fices of the corporation. from any cause. and to appoint from their own number an Executive Committee and vest said committee with all the powers granted to the Directors in these articles.
 The highest amount of indebted ness to which this corporation shall subject itself at any time shall not exceed two thirds (2-3) of the amount of it's capital stock.
 VIII.
 The commencement of the cor poratiOn shall be the day these ar ticles are filed with the Corpora tion Commission of Arizona, and said corporation shall endure for the full term of twenty-five (25) years there after. with privilege of perpetual succession, as provided by statute.
 Special meetings of the Stock holders may be called by the Presi- dent or Vice President. by giving ten 1O days notice in writing of the time and place and object fo. which such meeting is called, said