Arizona republican., 1913-02-07

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 or personal property, and any conveyance there of by way of lien. mortgage. pledge. deed of trust or other incumbrance; to issue bonds secured 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 and to any place or places of anuse- ment. instruction or pleasure there in or elsewhere, and to make con- tracts for the same, either directly or as agent on commission or other 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. depOtS and Wharves for the carrying out of any of the aforesaid ob- jects and purposes of this corpora tion; to take out any license ne 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 commission or otherwise.
 ARTICLE V.
 The capital stock of this corpora ton shall be two hundred and fifty thousand dollars ($25000O00), divid- ed into twenty-five hundred (2500) shares at the par value of one hun dred dollars (s10O.00) each: and said capital stock shall be divided and classified as follows: Of the said capital stock one thousand UOOO) shares amounting to one hundred thousand dollars (s100.0 0.0O0.O0) shall be preferred shares and fifteen hundred 1500) shares amounting to one hundred and fifty thousand dollars (S150.000.00) shall be common shares | The holders of the outstanding pre- ferred shares shall be entitled to re- Ceive out of the net earnings of the corporation < for any year available | for dividend purposes, a dividend of eight per centum per annum of the par value of said preferred shares | before any dividend is set apart or | paid on the common shares. The | holders of the common shares shall ' 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 | holders of the outstanding preferred | shares have received a dividend of l eight per centum for that year. In ! case of liquidation or dissolution of | the Company. the net assets shall 1 be devoted as follows:
 | FIRST: To the payment of the | par value of outstanding preferred shares in full SECOND: At such time as the Board may by resolution | direct, said capital stock shall be | 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- 1 vancement of the purposes of the l corporation and when so issued shall l become fully paid, the same as | though paid for in cash at par and | the absence of actual fraud. the ! judgment of the directors as to the | value of the property or services, | shall be conclusive.
 ARTICLE VI
 l o+ of this corporation shall be the date l of the issuing to it of certificate l of incorporation and shall endure for the full term of twenty-five years | thereafter. with the privilege of per petual succession as provided by l law.
 ARTICLE VII
 The affairs of the corporation shall be conducted by d board oi five directors, divided into two classes. in respect to the time fol which they can severally hold office
 and the manner of their election one class. to be known as the first class. shall be composed of three directors who shall be chosen eX- clusively by the holders of the com
 mon shares and shall hold office fol l a period of two years and unti their successors are chosen and have
 qualified The other class, to bt known as the second class, shall bt
 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 veal and until their successors have beer
 elected and qualified.
 The annual meeting of the stock
 holders shall be held on the second
 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:
 Name, J. C. H. Pringle; class first; residence, san Francisco. Calf
 ornia.
 Name. Harry Rowland; class, sec.
 ond. residence San Francisco, Calf
 ornia.
 Name. C. H. House: class, second
 residence, San Francisco, California
 Name. D. A. Hagens; class. first;
 II. z