The Parker post., 1916-11-04

products and by-prOducts thereof of
every kind and description and what
sOeVer process the same can or anay
be produced, and, generally, without
limitation as to amount; to acquire
by purchase, exchange, location, ap-
! preparation, or i'll any other manner
whatsoever, or IN any manner what
soeVer to receive, own, hold,
use, operate, lease, mortgage, sell or
otherwise dispose Of mines and min
ing property, ores, minerals, water,
Water-rlghts, reservoirs, canals ,flumes,
bitches, mills, sawmills, smelters,
stores, hotels, boarding houses. ease.
ments, or any kind Of property; to
construct, lease or otherwise acquire
and to own, hold and operate, roads,
tramWays, railways, or other Lines
necessary or convenient to the car
rylng on OF any business undertaken
by the corpora tion; to acquire, own,
hold, SELL, lease or otherwise dispose
OF any and all kinds Of Inventions
rights, licenses, patent rights and let
ters patent; to borrow or loan money
and to issue its bonds payable In
+ cash or convertible into stock Of this
corporation, debentures, mortgages
I promssOry notes and other evidenc~
] es OF Indebtedness therefor, and to
| pledge, sell or otherwise dispose Of
| the Whole or any part OF the prop
erty owned or acquired by it for the
security or payment Of any debt, in
debtedness or obligation incurred or
undertaken; to use its stock, deben-
| lures or bonds in payment for any.
property or commodity which it may:
purchase or acquire; to make con-
! tracts and to do as fully and to the
same extent as natural persons might
or could do In any of the things here
III set forth, either as principal, agent
ca contractor, trustee or otherwise,
and, III general, to have and exercise
with respect to all things whether
herein specifically mentioned or not,
all rights. powers, privileges and i'm
mlnlties conferred upon corporations
Of this class by the laws Of the state
OF Arizona, and to carry on any busi-
ness i'll connection therewith Within
| or without the state Of Arizona, not
inconsistent with law
.. ARTICLE Ill
The amount OF the capital stock OF
| this corporation shall be One Million
Q,O00,O0 Dollars, divided into One
Million Il 900, 000) shares of stock of
the par value of One Dollar each,
which shall be paid in at such times
and under such conditions as shall be
deemed by the Board of Directors to
be best, III cash, notes, real or per-
sonal property, services, options to
purchase, or any other valuable thing
for the use and purpose of the cor
porat1on, and all shares of capital
stock Of the corporation when issued
III exchange therefor, or for any othe1
or either Of the foregoing, shall there
after and thereupon and thereby be-
come and be full-paid as though paid
for in cash at par, and shall be non.
assessable forever. and the Judgment
of the Board of Directors ais to- the
value Of theproperty, right or thing
acquired in exchange for capital stoek
Of this corporation shall be cenelu-
sive
ARTICLE ".
The time of the commenc ement of
the corporate existence of this cor.
poratfOn shall be from the tune these
articles are filed in accordance with
law, and the termination thereof
shall be twenty-five (25) years there's
after, with the privilege Of perpetual
succession, as provided by law.
ARTICLE "
The highest amount of Indicated.
ness or liability to which the corpor-
alton may at any time subject Itself,
Or contract, is the SUM of $3.50 600
ARWQLE vi.
The affairs of the corporation shall
be conducted by and the management
of the business and property of the
corporation shall be vested in a
Board of Directors and such officers
as such directors may elect or ap-
point. The number of directors shall
be five 60. unless otherwise provtd-
ed for in the bylaws, and said di.
doctors shall be elected from che
stockholders at their regular meet
Ing to be held on the first Tuesday
In the month Of October Of each
and every year. Until the first an
nual meeting Of the stockholders and
until their successors are duly elect
ed and qualified, the officers and di-
fectCrs shall be as follows: E. s.
Osborne of Parker, Yuma county, AT.
izona, President and Director; E. e.
Osborne of Parker, Yuma county,
Arizona, Treasurer and Director; B.
M Fuqua of Parker, Yuma county,
Arizona, Vice President and Director;
J. E. Flanagan of Parker, Yuma
county, Arizona, Secretary and d.
rector. and ]. Granville Fnqua of Par
ker, Yuma county, Arizona, Director.
ARTICLE VII
The Board Of Directors shall have
power to adopt, amend, rescind and
alter bylaws, to fill vacancies occur
ring in the Board for any cause or
reason, and to appoint from their
own number committees and an ex-
ecutlve committee with all the pow
ers granted to the directors or with
such powers as may be designated to
such committee Or committees by
the Board Of Directors. The Board
OF Directors shall have full and COM
plete power and authority to repre-
sent and do all and everything for
the corporation as fully and complete