Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1914-07-28
> PAGE SEVEN


arise therefrom. the same as an in
dividual or natural person.
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
time on bonds secured by mortgages
for 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, 1879
Cd 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 TX of Title Q of
the Civil Code, R. S. Ariz., 1879,
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 its own stock,
bonds and other obligations.
(h) To acquire, complete or dis
pose of contracts or agreements re-
| lating to or connected with the ac-
curing, buying, selling, leasing. let
| ting, disposing of or mortgaging real
estate or buildings and improvements
in connection herewith; to negotiate
and make, either as principal or
| broker or agent, contracts O: 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.
GD 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.
ID To do and perform any or all
of the aforesaid acts and things and
| transact any or all of the Aforesaid
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.
| ho Of La oil rfa
authorized is fou. hundred thousand
(s400,00O) Dollars, all of which shall
be common stock. All shares shall
be of the par value Of one hundred
(s100.00) Dollars each
At least two hundred and fifty
(250) shares of the total par value of
twenty thousand (s25,000) Dol
lars shall be paid in before the com
mencement of business and the re-
mainder may be paid in and the
certificates therefor issued at any
time or times thereafter in the dis
erection of the directors and any of
said capital stock may be issued in
exchange for any property, contract.
cash o: services worth the par value
OF the stock so issued; and the judg-
ment of the directors or a majority
thereof as to the value of any pro-
perty, contract, or service received by
the corporation in payment for any
such stock, shall, in the absence of
actual fraud, be conclusive.
ARTICLE ".
, The time of the commencement Of
the corporation shall be the date of
the receipt of its license to do bust
ness from the Arizona Corporation
Commission, and the date of it's ter
mination shall be twenty-five years
thereafter.
ARTICLE V
The officers by whom the affairs
: of the corporation are to be conduct
, ed shall be a Board of not less than
| three nor more than seven directors
l The directors shall choose presi
dent, vice president, secretary and
treasurer, and such other officers or
r agents as the Bylaws may prescribe.
The president and vice president
5 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
' A majority of the directors in office
D shall constitute quorum.
The Board of Directors may create
r from its own number an Executive
= Committee, to consist of two or more
of the Directors. Such executive
committee shall have, when the
. Board is not in session, all the
powers of the Board of Directors.
All directors shall be elected by the
stockholders at the annual meeting
, which shall be held at the offices OF
-. the corporation in the City of Phoe-
; nix aforesaid, on the second Monday
8 in July in each and every year al
. two o'clock P. NJ. But vacancies arts
ing or created by or from any cause
including failure of the stakeholder:
. to elect the full number. may be fill
a ed by the remaining director or di
rectors in office, though less than {
:. quorum. All directors shall hold of
= flee until the next annual meetins
and until their successors are elected
a and qualified.
ARTICLE vi.
. The highest amount of indebted
ness to which the corporation ma.
at any time subject itself is tw'
hundred and sixty six thousand 81!
~ hundred and sixty six (s266,666
q Dollars.
ARTICLE VII.
The private property of stockhold
ers shall be at all times exempt from