Arizona republican., 1913-08-14

smelting and ore reduction works, oil ~o fineries, saw mills and power rlants; to buy, sell. construct, Oper- ate and maintain such railroads, ter minals, and necessary equipment, JramwaYs, turnpikes and canals as may be necessary to lead from the principal works or place of business Cf the corporation to some existing railroad. turnpike. or public highway: to do a general real estate, manu- featuring 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, 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, and to vote any stock owned by it 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 by mortgage, deed of trust or other wise; to act as agent. trustee. brok- CT or in any other fiduciary or trust ca pacity, 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 or any part thereof, for the capital stock of other corpora tiOns, and for other property rights and franchises. in the discretion of i the Board of Directors; to acquire | by purchase or otherwise franchises 1 of various descriptions; and in gen 1 aral 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 1 1rs may deem to the advantage of 1 the corporation.
 ARTICLE ".
 The authorized amount of the | dItiJdI SIOtk or JIlS corporation S1ldII ! )C one million dollars divided into me million shares of the par value 1f one dollar. each. At such times IS the Borad, of Directors may by -esOlutiOn direct, said capital stock shall be paid into this corporation, =ither in cash or by the sale and transfer to it of real or personal property, contracts, services. or any 'aluable right or thing for the uses md purposes of said corpora tiona in payment for which shares of the ,apital stock of said corporation may ,e issued and the capital stock so ssued shall thereupOn and thereby become and be fully paid up and lon- assessable, and in the absence ,f actual fraud in the transaction the judgment of the Directors as to the -alue of the property purchased shall oe conclusive.
 ARTICLE V.
 The time of the commencement of 1 his corporation shall be the date of he filing of these articles of incor- JoratOn in the office of the Cor roration Commission of Arizona. and | certified copy thereof recorded in he office of the County Recorder of Maricopa County, Arizona, and certificate of incorporation delivered Q said company by said Corporation Commission and the termination hereof shall be twenty five years thereafter, with the privilege of re- IewaI as provided by law
 ARTICLE VI
 The affairs of this corporation shall oe conducted by a Board of Direct ITS, and the following named shall constitute the Board of Directors un- Il their successors are elected: & 2. Burton. R. IT. Bennett, w. A. 1oomis, J. F. Hays, F. w. Hokum, VI. s. McEniry. F. J. Airey, and Alexander Burns. Thereafter the Board Of Directors shall be elected rom among the stockholders at the annual meeting to be held on the second Tuesday of January of each 7car.
 ARTICLE VII
 The Directors shall have power to adopt and amend Bylaws for the government of the corporation, to i'll vacancies occurring in the Board ,f Directors from any cause and to make all rules and regulations deem- d expedient for the management of he affairs of the corporation not ip- consistent with the laws of the Unit I States and the Constitution and aws of the State of Arizona.
 ARTICLE VIII.
 The highest amount of indebted |