Arizona republican., 1914-12-30

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
I by purchase or otherwise shares,
notes, bonds or other money or pro-
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
proper and convenient in the &C
complishment of it's said purposes.
ARTICLE V.
The Capital Stock of this corpora
ton shall be Two Hundred Thousand
($200, 000.0O) Dollars. divided into
Hundred (s100.0O) Dollars each
which shalt be paid for in cash oil
in property at such times and ir
such manner as the Board of Di-
rectors may designate.
All or any portion of the Capita
Stock may be issued in payment fol
real or personal property, services OIL
the uses of the corporation, anC
, when so issued such stock shall be
come and be full paid up; and thu
Directors shall be the sole judge o
the value of any property. right o
? thing, acquired in exchange for o
5 purchase of the stock of this cor
poration.
No shares of the Capital Stocl
l shall be issued until fully paid fol
t and after issue shall forever be non
assessable.
ARTICLE vi.
The date of the commencement G
e the corporation shall be the dat
s upon which a Certificate of Incor
poration shall be delivered to it b
the Corporation Commission of thi
state and shall endure for the pc
riod Of twenty-five years next here
after, reserving the rights of re
newal thereafter as prescribed b
law.
ARTICLE VII
The affairs of this corporate
shall be conducted by a Board I
> Directors to consist of four men
ID bers, President, Vice Presiden
: Secretary and Treasurer.
IT The following named persons col
stitute such board and the office
5. of this corporation until their SUI
n cessors are chosen and qualified:
'e John Schrock. ]. R. Detweile
e. Eugene Kelly and C. H. Rittenhous
% AID John Schrock shall be Presider
j. r. Detweiler shall be Vice-Pres
Q dent. C. H. Rittenhouse shall
Secretary and Eugene Kelly, Urea
of urer
A A majority of such directors sh;
constitute quorum.
The Board of Directors shall
elected hereafter annually fro
~ among the stockholders at a NEE
- ing of the stockholders, which NEE
y ing shall be held on the first Mo
,M day of January in each recurri
year hereafter
ARTICLE VIII
The Board of Directors shall ha
r. power to adopt, amend, rescind a
repeal Bylaws, to appoint the OF
=, er officers of the corporation. to
10 vacancies occurring in the Board
80, Directors or in any of the offit
40 of the corporation and to exerc
- such other powers as may be nee,
- sary in the transaction of the blu
ness of the corporation
ARTICLE TX.
The highest amount of indebt.
-. ness or liability to which the C
roration may subject itself is {
Hundred and Thirty Thouss
(s130,O00.0O) Dollars.
~ ARTICLE X
The private property of the sto
holders of the corporation shall
exempt from liability for its de
=. or obligations.
IN WITNESS WHEREOF.
=. have hereunto set our hands
80, 10Th day of December 1914.
Nv JOHN SCHROCK
~ EUGENE KELLY
j. r. DETWEILER
81 C. H. RITTENHOUSI
STATE OF ARIZONA.
~ County of Maricopa, IS.
Before me. Ethol Frost, Not
Public in and for the State
=, County aforesaid. on this day I
sonally appeared John Schrock,
gene Kelly. J. r. Detweiler and
H. Rittenhouse. known to me to
the persons whose names are S
''N' scribed to the foregoing instrum
and acknowledged to me that ,
:" executed the same for the purp'
'ho and considerations therein expires
GIVEN under my hand and
of office this 18th day of Decem
A. D. 1914.
ny ETHOL FROST,
(SeaD Notary Publ
anu My commission expires February
On 1916.