Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1914-12-28

chase and sell or lease machinery Of
all kinds and other supplies design
ed or proper for use in the reclama-
ton and irrigation and cultivation
of lands: to supply power for the
operation of pumps for irrigation
works or for the supply of water
for domestic. stock or manufactur-
| ing and other uses and purposes;
| to acquire, own and hold, by pur-
chase, exchange or acceptance In
payment or exchange for use of
construction and the furnishing of
| machinery. tools, material. supplies
or appliances used in the construc-
ton of irrigation plants; to acquire
/ by purchase or otherwise shares,
notes, bonds or other money or pro-
I perty obligation or obligations Of
other corporations. and sell, barter,
exchange or hypothecate the same;
! to conduct such business or any
part thereof in this state and in
any other state, territory or country
and finally to do everything needful,
proper and convenient in the ac-
complishment of its said purposes
ARTICLE V.
The Capital Stock of this corpora
ton shall be Two Hundred Thousand
| $500, 100000 Dollars, divided into
two thousand (2,00O) shares of One
Hundred ($10000) Dollars each
which shall be paid for in cash or
i'll property at such times and in
such manner as the Board of Di-
rectors may designate.
All or any portion of the Capital
Stock may be issued in payment for
real or personal property, services or
other right or thing Of value for
the uses of the corporation, and
/ when so issued such stock shall be-
come and be full paid up: and the
! Directors shall be the sole Judge of
the value of any property, right or
thing, acquired in exchange for or
purchase of the stock of this cor
operation.
No shares of the Capital Stock
shall be issued until fully paid for,
and after issue shall forever be non
asSessable
ARTICLE VI.
/ ~ haitt VI inc III
the corporation shall be the date
upon which Certificate Of Incor-
poration shall be delivered to it by
the Corporation Commission of this
state and shall endure for the pc
Rod of twenty-five years next here
after. reserVins the rights of re-
newal thereafter as prescribed by
law.
ARTICLE VII.
The affairs of this corporation
shall be conducted by Board OF
Directors to consist of four mem.
bers, a President, Vice President
Secretary and Treasurer.
The following named persons con
stitute such board and the officers
of this corporation until their sue
cessors are chosen and qualified:
John Schrock, J. r. Detweiler
Eugene Kelly and C. II. Rittenhouse
and John Schrock shall be President
j. r. Detweiler shall be Vice Presi-
dent, c. H Rittenhouse shall be
Secretary and Eugene Kelly, Treas
urer.
A majority of such directors shall
constitute a quorum
The Board of Directors shall b.
elected hereafter annually from
among the stockholders at meet
ing of the stockholders. which meet
ing shall be held on the first Mon.
day of January in each recurrins
year hereafter.
ARTICLE VIII
The Board of Directors shall have
power to adopt, amend, rescind ant
repeal Bylaws, to appoint the 9th
er officers of the corporation. to fill
, vacancies occurring in the Board O
; Directors or in any of the office.
, of the corporation and to exercis,
such other powers as may be neces
sary in the transaction of the bust
ness of the corporation.
ARTICLE TX.
The highest amount of indebted
ness or liability to which the cor
roration may subject itself is on
Hundred and Thirty Thousan,
($13O, OOO.OO) Dollars.
ARTICLE X.
The private property. of the stock
, holders of the corporation shall b
exempt from liability for its debt
or obligations.
IN WITNESS WHEREOF w
have hereunto set our hands thi
, 18th day of December. 1914.
JOHN SCHROCK
EUGENE KELLY
]. r. DETWEILER
C. H. RITTENHOUSE