Arizona republican., 1913-10-25

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. ?. 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 ana steam railways to be propelled by l electricity, steam. gasolene, or any 1 power that may De 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, 1 freight and any and all kinds Of l 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 l this corporation; to own, maintain and operate telegraph and telephone l 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 1 render proper compensation therefor; l 10 buy, sell, own, mortgage, hypothe- l cate and deal in real estate and per l sonal property of every kind and ma ture; to borrow and lend money and
 to give and take securities, mortgages, 1 afO In
 sell, own and operate ice plants, hold and sell the product thereof, and to acquire such plants and the ma 1 chinery for the operation thereof; to own, operate, construct and build gas and electric plants for the purpose of sale and distribution to customers 1 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 1 patent rights and letters patent, and
 in general, to do any and all things
 necessary to the proper conduct of l 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 ($1 000, ,0OO.OO) Dollars, divided into
 Two Hundred Thousand (20O,000) 1 Shares of the par value Of Five 1 ($5.00) Dollars per share; that of the 1 aforesaid 100000 shares of stock of
 tkis corporation, 150,000 shares shall | be preferred stock and 5O,O00 shares ! shall be corpmon stock. The pre- | ferred stock of this corporation shall be entitled to receive guaranteed div l ~.sxr mt nf To af earnings of this corporation, payable quarterly, semi-annually or yearly in such amounts as the board of di-
 1ectors 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 corporation, neither shall such stock
 holders be allowed to vote at any
 stockholders meeting. but shall al-
 ways be entitled to the dividends above set forth as stated, and the p1 eferred stock fs subject to redemp- ton at par at any time that the board of directors may see proper to l redeem the same.
 The voting power and the policy and conduct of the affairs of this ! corporation shall forever be vested in the common stock The board of di l rectors may cause said capital stock or any part thereof to be subscribed l or 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 | issued any part or all of the capital stock as required at any time or 1 from time to time, and when so is
 sued said stock shall be fully paid and non -assessable, and in the ab 0f ff7o it4lr ant nf
 board of directors as to the value of the property purchased, transferred or exchanged and as to services rem dered, shall be conclusive. The com mon stock may be voted by proxy at ail stockholders meetings. The time of the commencement of this corpora lion shall be the date of the filing of these articles of incorporation in the | ffice of the Corporation Commission of the state of Arizona, with cer- tified copy thereof in the office of
 the County Recorder of Maricopa county, Arizona, and the termination
 thereof shall be twenty-five years
 thereafter, with the privilege of re- newal, as provided by law.
 4. The affairs of this corporation 1 shall be conducted by a board of l directors, consisting of not less than | fifteen persons, nor more than twen- 1 ty-one persons, and, John J. Corrigan, l R. A Campbell, Carl Brady, T. H.
 Adams, w s. Bradford, J. L. Milton. i w. L. Cockman, J. w. Martin, J. F. i Rayburn, Bert Davis, Chas. S Aune,
 F. w. Smith. A. F. Mott, c. A. Eld | red and R. L. Comfort, shall con- stitute the board of directors until
 the next annual stockholders meeting, which shall be held on the first Mon 1 day in June 1914. and each success