Arizona republican., 1914-07-30


 1 ness as may be incidental thereto or arise therefrom, the same as an in dlvidual or natural person.
 i f) To lend money for itself or as agent on notes or bonds secured by mortgages on real estate or upon personal property. or to lend money and make advances from time to l tune on bonds secured by mortgages Tor future advances on real estate or upon personal property. (But not to do any business under Chapter VIII
 Of Title 9 of the Civil Code, R. s. Arizona, 1913)
 (g) To purchase. acquire, hold,
 sell assign. transfer. mortgage.
 Pledge. exchange, or otherwise dis
 pose of, in the ordinary course of
 business (but not to sell or offer for
 sale under Chapter K of Title of
 the Civil Code, R. S. Ariz., 1913).
 shares of the capital stock of any other corporation or corporations
 created under the laws of this state.
 or of any other state or country.
 end to exercise while the owner of such stock all the rights, powers and
 privilege, including the right to vote
 thereon, which natural persons, being
 the owners of such stock. might.
 could or would exercise, and to issue
 In exchange therefor it's own stock, {. bonds and other obligations
 l (h) To acquire, complete or dis pose or contracts or agreements re-
 lating to or connected with the ac-
 qulrlng, buying. selling. leasing. let
 tlng, disposing of or mortgaging real
 estate or buildings and improvements
 in connection herewith; to negotiate
 ana make, either as principal or
 broker or agent, contracts oc other
 agreements relating to the making.
 taking or placing of building and other loans in connection with real
 estate and with improvements there- } on or to be placed thereon.
 O To do and transact all acts.
 business and things incident to. or
 relating to, or convenient in. the above things, as principals. agents or
 contractors, and by or through
 agents, and either alone or in con- , Junction with others.
 CD To do and perform any or all of the aforesaid acts and things and : transact any or all of the aforesaid l businesses. objects, or purposes in
 any part of the world where the , same may be lawfully transacted as , fully and freely, and with like effect as the same may or might be done or transacted by a natural person. ARTICLE III.
 7 The amount of the capital stock authorized is four, hundred thousand : G4O0,000) Dollars, all of which shall be common stock. All shares shall be of the par value of one hundred } (S10000) Dollars each.
 At least two hundred and fifty (250) shares of the total par value of twenty-five thousand cs25,0O0) Dol r lars shall be paid in before the com mencement of business and the re- ) mainder may be paid in and the 7 certificates therefor issued at any
 time or times thereafter in the dis
 cretion of the directors and any of . said capital stock may be issued in
 exchange for any property, contract. t cash O. services worth the par value of the stock so issued; and the judg- | S thereof as to the value of any pro- l perty, contract, or service received by ,. the corporation in payment for any r such stock. shall, in the absence of [, actual fraud, be conclusive. {, ARTICLE ".
 f The time of the commencement of : the corporation shall be the date of ', the receipt of it's license to do busi- 6 ness from the Arizona Corporation l Commission. and the date of it's ter imitation shah be twenty-five years Y thereafter.
 l, ARTICLE V
 The officers by whom the affairs e of the corporation are to be conduct e ed shall be Board of not less than | three nor more than seven directorsl l The directors shall choose a presi !. = dent, vice president, secretary and treasurer, and such other officers or r agents as the Bylaws may prescribe. - The president and vice president S shall be members of the Board of }, Directors. Any two offices except - president and vice president may be f filled by one and the same person. ' 0 shall constitute a quorum.
 The Board of Directors may create r from it's own number an Executive a Committee. to consist of two or more
 of the Directors. Such executive committee shall have. when the f Board is not in session, all the , rowers of the Board of Directors. , All directors shall be elected by the
 stockholders at the annual meeting il which shall be held at the offices of nix aforesaid, on the second Monday f. in July in each and every year at o two o'clock P. M. But vacancies aris n ing or created by or from any cause.
 including failure of the stockholders 6 to elect the full number, may be fill d ed by the remaining director or di- Q rectors in office, though less than a ', quorum All directors shall hold of Q flee until the next annual meeting O and until their successors are elected d and qualified.
 o ARTICLE VI.
 f The highest amount of indebted
 ness to which the corporation may O at any time subject itself is two hundred and sixty six thousand six r hundred and sixty six (S266666) a Dollars.
 ARTICLE VII.
 The private property of stockhold-
 CTS shall be at all times exempt from