Arizona republican., 1913-10-26
ARTICLES OF INCORPORATION OF THE RAPID TRANSIT COM PANY OF PHOENIX:

Know all men by these presents:
 That we, the undersigned do hero h. associate ourselves together for The purpose of forming a corporation under the laws of the State of Arf zona and to that end do certify and declare:
 l. That the names of the incor- porators are: John J. Corrigan, of Phoenix, Arizona. R. A. Campbell, of Phoenix. Arizona, Carl Brady, of Phoenix, Arizona, T. H Adams, of Phoenix. Arizona and w. $. Brad ford, of Phoenix, Arizona, and the name of the corporation shall be The Rapid Transit Company of Phoenix" and said corporation shall maintain offices at Phoenix, Arizona, and such other places as the board of directors may deem advantageous.
 2. The general nature of the busi- ness proposed to be transacted and the purpose for which this corpora tion is organized is as follows, to-Wit
 To construct, conduct, maintain, own and operate street railways and steam railways to be propelled by electricity, steam, gasOlene, or any power that may be advantageous; to conduct maintain, operate and effec- tuate gasolene motor driven vehicles of every kind; that the purpose of the aforesaid railways and vehicles shall be for the carriage of passengers, freight and any and all kinds or general transportation within or with out the city of Phoenix, and within the state of Arizona, or outside of the state of Arizona, as the board of directors may deem to the interest of this corporation; to own, maintain faIo nd lines in connection with the said above mentioned business or inde- pendently of the above mentioned business to acquire, own and hold franchises, privileges and concessions of all kinds and to receive for the services which this corporation may render, proper compensation therefor; 10 buy, sell, own, mortgage, hypothe- cate and deal in real estate and per sonal property of every kind and ma ture; to borrow and lend money and to give and take securities, mortgage trust deeds, debentures, etc; to buy. sell, own and operate ice plants, hold and sell the product thereof, and to acquire such plants and the ma chinery for the operation thereof; to own, operate, construct and build gas and electric plants for the purpose
 
 of the products of such plants; to acquire franchises, privileges and con- sessions for the operation of said plants; to own, hold, buy and sell patent rights and letters patent, and in general, to do any and all things necessary to the proper conduct of the business of this corporation not inconsistent with the laws of the United States, the state of Arizona or any state in which this corpora tion may do business.
 g. The authorized capital stock of this corporation shall be One Million ($1 .00O, ,0000O) Dollars, divided into Two Hundred Thousand (2O0,000) Shares of the par value of Five ($5.00) Dollars per share; that of the aforesaid 100000 shares of stock of tkis corporation, 150,000 shares shall be preferred stock and 50,000 shares shall be common stock. The pre- ferred stock of this corporation shall be entitled to receive guaranteed div idends of six per cent out of the net earnings of this corporation, payable quarterly. semi-annually or yearly in such amounts as the board of di- Iectors may direct It is further pro- vided that the preferred stockholders shall not participate or have any voice in the policy or control of this neither shall such stock holders be allowed to vote at any stockholders meeting. but shall all ways be entitled to the dividends above set forth as stated, and the preferred stock is subject to redemp tiCn at par at any time that the board of directors may see proper to i redeem the same
 The voting power and the policy i and conduct of the affairs of this l shall forever be vested in | the common stock. The board of di- | rectors may cause said capital stock i ,r any part thereof to be subscribed | pr paid for in cash, in the purchase | or exchange or transfer of real or | personal property or for services rem dered, and to issue or cause to be i issued any part or all of the capital ! stock as required at any time or from time to time. and when so is sued said stock shall be fully paid l and -assessable, and in the ab- l sence of fraud, the judgment of the | board of directors as to the value of he property purchased, transferred or and as to services rem 1ered, shall be conclusive. The com mon stock may be voted by proxy al