Arizona republican., 1914-02-18

WlSe dispose of. m0rtSage, pledge, cucumber and deal in real estate and property; to erect, con- Stfuct furnish and equip buildings upon it's own or other property for itself or for others and to manage, rent and control the same; to loan itself or for others, and buy, sell and deal in notes, bonds, mortgages and securities of all kinds: to act as agent for others in the doing of any of the above described sorts of busi- ness and to do all things necessary or proper to the conduct of such business and to have and possess the same powers in all such respects as private individuals now enjoy.
 ARTICLE "
 The authorized amount of capital stock of this corporation is Five Hundred Thousand Dollars (S50O- 000.00) divided into Five Thousand CI,000) shares of the par value of One Hundred Dollars ($100.00) each, and the time when and the condi- tions under which said capital stock shall be issued and paid for is in installments as called by the Board of Directors, or immediately upon making subscription therefor. The capital stock of this corpora ton may be issued in exchange for cash, services or property upon such conditions as may be determined by the Board of Directors who shall have full discretion and authority to fix the value of property or SCI vices in exchange for which such stock may be issued.
 The capital stock of this corpora | tion and each and every share there of shall be. and is hereby made for i ever non-assessable and shall be paid i for in full at not less than it's par value before being issued.
 i Stockholders shall be permitted to vote at all meetings of the corpora . 1 tion, either in person or by proxy. | ARTICLE V. The time of the commencement of this corporation shall be upon the the office of the Corporation Com mission of the State of Arizona, and a certified copy thereof recorded in the office of the County Recorder ot 1 Maricopa County in said state, and it's termination, twenty-five years thereafter. Provided, however. the i endurance of such corporation may be renewed from time to time for q i reriod not exceeding twenty five 
 votes cast at any stockholders meet ing duly called and held for thai purpose shall be in favor of sucf renewal.
 ARTICLE VI
 The affairs of this corporation shall be conducted by a Board of Di- rectors composed of not less thar three nor more than five persons who shall be elected from among tho stockholders at the annual meetins of the stockholders. The following shall constitute the Board of Direc- tors until their successors are elect e1l and qualified. to-Wit: Dwight E Heard, Barry NJ. Goldwater and Will ian II BroDhv.
 The officers of this corporation shall be President. Vice President Secretary and Treasur who shal b. elected by the directors at thei first meeting to be held immediatel, after their election or appointmen and shall hold office for one yea or until their successors are electe, and qualified. Officers and director CeaSing to be stockholders shall ceas
 to be officers or directors of thi
 corporation
 The officers and directors of thi
 corporation shall have power t, adopt. amend and rescind bylaws fo
 this corporation and to make ant
 amend all necessary rules and regu
 lsttions for the proper carrying on O
 the affairs of the corporation.
 When authorized thereunto by tn
 affirmative vote of the holders O
 two-thirds of the issued and out
 standing stock of this corporation the Board of Directors may seu O
 dispose of all of the property of tn
 corporation upon such terms and fo
 such consideration as the Board ma
 determine or as shall be provides
 by said vote of the stockholders, pro vided, however, the Board of Direc
 tcrs, without authority from tn stockholders, may mortgage or en
 CEmbeI the entire ar any mart of tn