Arizona republican., 1913-01-12

generally deal in properties, :mprov- cd and unimproved. office buildings, store buildings, dwelling houses. barns water rights and privileges; to build construct operate. maintain, lease and sell dwelling houses, apartment houses and business blocks of all kinds and description. To maintain a general real estate agency and brokers busi l ness, including the rights to manage | estates, to act as agent, broker 1 attorney, in fact for any person or 1 corporation; to make and obtain I loans upon real estate, improved or unimproved, and to supervise, man age and protect such property and 1 loans and all interests and claims 1 affecting the same;> to improve man ! age, operate, sell. mortgage, lease. or otherwise dispose of any property real or personal and take mortgages and assignments of mortgages upon. the same.
 B. TO export, import, buy. sell, and 1 generally deal in goods, wares. mer chandise. and property of every class and description,
 c. To carry on a banking and
 trust company business and in con nection herewith to discount bills. notes, and other evidences of debt, receive and pay out deposits with or without interest, receive on deposit imoney or bullion or foreign coin, l stocks, bonds. or other securities; to
 buy and sell foreign and domestic
 exchange, gold and silver bullion,
 foreign coins, bonds, stock, bills of
 exchange, notes and other negotiable
 paper, to lend money on percentage,
 security or bonds, pledges of bonds,
 or other negotiable securities, to take
 and receive security by mortgage or | otherwise upon property, real and
 personal to invest money for in
 dividuals or corporations and to act
 as trustee for any purpose; to dc
 any business and exercise any pow
 CTS incident to the business of trust , companies doing Q banking business
 D. TO purchase capital stock oi
 the corporation and to sell the same
 F. To establish, acquire. maintain l conduct and carry on places of rec reation and amusement.
 1 Article w.
 l. capital ste ok of the corporation shal be One Hundred Thousand (s10O,O00) , Dollars, divided into Twenty Thous- and (2O.O0O) shares of the par value of Five ($5.00) Dollars each. SECTION ?. All stock shall bt non -assessabLs and shall be fully
 paid for in cash at the time of it,
 issue and no other stock shall bt
 issued until the par value thereo
 shall have been fully paid, and al 1 subscriptions for stock shall be pay able on demand or within Ninety ego,
 days from the date of such subscrip- , tions.
 SECTION 3. No stock shall bt
 issued to or be held by any person company corporation, partnership ol association other than a local, branch ? lodge or other regular sub division of a labor union or the socialist party in good standing. or a member il , good standing of any such local brancl . lodge' or subr division or a labor un- . ion or the socialist party.
 SECTION I. No person shall a
 any time. acquire hold Or own nor,
 than twenty shares of the stock O tiic NOi pOIdtlOH anu HO lVCdi, pl dHSi 2 lodge, or other sub division of any
 labr union or the socialist party shal , at any time, acquire, hold or owI |, more than one hundred shares of tn;
 stock of the corporation.
 t SECTION ,. Whenever any persoI or any local, branch, lodge, or sut ] division of labor union of the SO cialist party shall acquire more thar , the number of shares of the stocl l Of the corporation than is hereii permitted to be held by any sucl :, person, lodge, branch, or sub division |. the excess of such stock acquired ant , held shall thereupon be forfeited t' | the corporation anG shall become tn,
 property of the corporation upol ] the payment to the holder thereo
 the par value thereof.
 SECTION 6 The right of stock holders to vote upon any proposition except for directors or managers o the corporation. shall be limited t s one vote to each individual stock holder, and to one vote for eacf
 twenty shares, OF major fraction O
 twenty shares. held by each local f branch. lodge or sub-division of s labor union or the socialist party
 Article V.
 l SECTION l. The time Of the com