Arizona republican., 1915-01-18

preferred stock of the par value of One Hundred Dollars ($100) a share The entire stock is to be paid up within ten years from the date of filing hereof with the corporation commission in property cash or ser vices at their fair valuation.
 ARTICLE "
 The names and places of residence and post office addresses of the in corporators are as follows
 George Ii. Proctor, Granite Springs, Westchester. County, New York.
 George H. Proctor, Jr., Granite Springs, Westchester County, New York
 ARTICLE VI
 The time of the commencement of the corporation shall be the day these Articles are filed in accordance with law, and the termination thereof shall be twenty five (25) years there after, with privilege of renewal as provided by statute.
 ARTICLE VII.
 The affairs of this corporation shall be conducted by a board of directors, and the following named shall con stitute the board of directors until their successors are elected: George Ii. Proctor, Granite Springs. Westchester County, New York. George H. Proctor, Jr., Granite Springs, Westchester County. New York.
 Thereafter the board of directors shall be elected at the annual stock holders meeting to be held on the second Monday of January. of each year, commencing with the year 1915. The number of directors to consti- tute the board shall be fixed by the bylaws.
 ARTICLE VIII. The directors have power to adopt and amend bylaws for the govern ment of the corporation, to fill vac ancies occurring in the board from any cause, and to appoint an EXecu- tive Committee and vest said com mittee with all the powers granted the directors by these Articles. A di- rector need not be a stockholder. ARTICLE TX
 The highest amount of indebted ness, direct or contingent, to which the corporation shall be subject at any one time shall be Six Million Dollars (s6,00O, ,O0000). ARTICLE K The private property of the stock holders and officers Of the corpora ton shall he exempt from all corpor- ate debts of any kind whatsoever. ARTICLE NJ. [ In furtherance and not in limita- : said corporation shall have the right and power
 (a) To manufacture purchase or otherwise deal in, hold, own, manage, sell, pledge, transfer, or otherwise dispose of, goods, wares, merchandise and property of any and every class and description.
 ,b) To acquire the good will, rights and property of any person, 1 firm, association or corporation, and to pay for the same in cash, the stock of this company, bonds or otherwise. and to hold or in any man. ner dispose of the whole or any part of the property so purchased. 1 (c) To conduct in any lawful man. Ter the whole or any part of the bu- i siness so acquired. provided such bu- siness is within the authorization of I f,lS ti i.N,,c I I to exercise all the powers necessary or convenient in and about the con- ducting and management of such bu- siness.
 (d) To buy, sell, lease. hold ol ! improve real estate, fixtures and per may be necessary or convenient or advantageous in connection with the conducting of the general business oi the corporation.
 (e) To apply for. obtain, register purchase. lease or otherwise acquire and to hold use, own, operate and 1 introduce, and to sell. assign, ol otherwise dispose of any trademarks tradenames, patents, inventions, i'm provements and processes based il connection with or secured undel letters patent of the United States or elsewhere.
 G) To use, develop, grant license: in respect of, or otherwise turn to ac- count any such trademarks, patents processes and the like, or any sucl property or rights. provided alway: that the terms use" and operate shall not be deemed to include an' business except such as is permitted by the Business Corporation law 8 To purchase, acquire. hold anC dispose of the stocks, bonds, and SC l curities of any corporation, domestic or foreign. including the sstock ant bonds of this corporation ana iSSu, in exchange therefor it's stock, bonds or other obligations, and, while own CT of any such stock, bonds or othel securities to possess and exercise il respect thereof, all the rights, powers and privileges of individual owners O holders thereof, and to exercise an, and all voting power thereon. (h) To guarantee the payment O bills and notes, and the payment O