Arizona republican., 1915-03-02


 trust to secure the same.
 (d) To buy, sell, exchange and gen. erally deal in office buildings, store buildings. dwelling houses. barns, wa ter-rights and privileges to build, to construct, operate, maintain, lease and sell dwelling houses, apartment houses and business blocks of all kinds and descriptions; to maintain a general real estate agency and brokers business, including the right to manage estates, to act as agent, broker or attorney in fact for any person or corporation, to make and obtain loans upon real estate, improved and unimproved, and to su- pervise, manage and protect such prop erty and loans and all interests or claims affecting the same; to improve, manage, operate, sell, mortgage, lease or otherwise dispose of any property, real or personal, and take mortgages and assignments of mortgages upon the same.
 (e) To make and enter into contracts pertaining to the business of the cor poration in all parts of the United States, and in foreign countries; also to apply for and obtain, accept and utilize, franchises and concessions from governments, states and municipalities in connection with the carrying out or the general purpose for which the cor poration is organized.
 In general, to do all of the things herein mentioned as fully and to the same extent as natural persons might or could do. and in any part of the world having and exercising in these respects all of the powers conferred upon corporations of this class by the laws of the State of Arizona; it being hereby expressly provided that the foregoing numeration of specific pow CTS shall be construed both as objects and powers and shall not be held to limit or restrict in any manner the powers of the corporatic-:.
 ARTICLE III.
 The amount of capital stock of the corporation shall be One Hundred Thousand Dollars (s100,000.00) divided into one hundred thousand Q00,000) shares of the par value of One Dollar (s1.00) each. which when issued, shall be fully paid and non -assessable. Said capital stock shall be issued upon such terms and conditions and at such times as the Board of Directors may deter mine or prescribe and the same may be issued in exchange for property, con- tracts, services Or other benefits ac- cruing to the corporation as the Board ,.f f,re- ,v,t t1,a., s,,1 IL termine.
 ARTICLE ".
 The time of the commencement of this corporation shall be the date when the certificate of incorporation is issued to said corporation by the Corporation Commission of the State of Arizona, and the said corporation, unless re- newed, shall terminate twenty five (25) years thereafter but the same may be renewed from time to time as now pro- vided by law so as to make the same perpetual.
 ARTICLE V.
 The affairs of this corporation shall be conducted by a Board of not less than five (5) nor more than nine 60. who shall be elected from among the stockholders annually at the annual meeting thereof. The annual meeting of the stockholders of this corporation shall be held at the principal office of the corporation at Phoenix, Maricopa County, Arizona, on the last Tuesday in January in each year. Said Direc- tors. when so elected, shall hold office until their successors are elected and qualified, and any vacancy in the Board shall be filled by election by the re- maining members of the Board from among the stockholders of the corpo- ration, and any directors so elected shall serve until their successors are elected
 The Board of Directors shall have the power to elect and appoint and define the duties of the officers, agents and employees of the corpOration at any general or special meeting to adopt By laws for the corporation or to amend, repeal or rescind the same. and. when authorized by the affirmative vote of two thirds of the issued and outstand- ing capital stock of the corporation. convey, sell or otherwise dispose of all of the assets of this corporation. Until the first annual meeting of the stockholders in January. 1916. or until their successors are elected and quali- fled, the following named persons shall constitute the Board of Directors of this corporation. viz:
 LeRoy Anderson, Robt. K. Porter, F. P. Cruice. P. G. Beckett, F. S. Viele, w. H. Archdeacon. M V. Watson, R. K. Mirson and John M. Ross.
 The officers of this corporation shall be a President and Vice-President, such additional officers as the Board of Directors may deem necessary; provid- ed, however, that the office of Secre- tary and Treasurer may be held by one and the same person.
 ARTICLE VI.
 The highest amount of indebtedness to which the corporation shall. at any time, subject itself. is Fifty Thousand Dollars 50,0O0.0O).
 ARTICLE VII
 The private property of the stock holders and officers of this corporation shall be exempt from all and any lia- bility for it's corporate debts. IN WITNESS WHEREOF. said cor porators have hereunto set their hands and executed these presents this 18th day of February A. D. 1915. LeROY ANDERSON ROBT. K. PORTER STATE OR ARIZONA
 COUNTY OF YAVAPA1: ss. This instrument was acknowledged