Arizona republican., 1916-12-08

own, exchange, sell or otherwise dis pose of, pledge, mortgage. hypothecate and deal in mines and mining claims, 10th lode and placer mineral lands. coal lands. oil lands. timber lands, ag- ricultural lands, water and water rights. dam sites and any other prop erty, both real and personal, and to prospect for work. explore, operate maintain. and develope the sam. and to deal in the products and Y pro- ducts thereof to purchase, plat. b. divide. sell and control lands and fownsi;es. to purchase. lease or oth- .erwise acquire, erect, own. operate and sell mining smelting and other ore re- auction works, oil refineries. power plants. water works, railroads and tramways to lead from the company s principal works; to establish. acquire. build. construct. own operate, eX- change sell and dispose of hotels, res- tauralts. stores. commissarics. houses and any and all other buildings and structures of whatsoever kind or na- .ure, 10 do a general manufacturing, mercantile and agricultural business. to own, handle. sell and control let ters- n2ient. end inventions: to own. cancel and re-issue shares Of it's own capital stock; and to purchase or oth- Y. assign. mortgage. pledge or otherwise dispose of. shares. bonds, debentures, ar other evidences of indebtedness of other corporations. and while the hol- cef thereof, to exercise all the rights { and privileges of ownership, including the right to vote thereon: to issue | bonds; notes and other evidences of indebtedness, and to secure the pay- | ment of the same by mortgage. deed , of trust. or othcrwiso to act as agent { trustee, broker. or in any other iitr- i ciary capacity, and to borrow and { loan money; and in general to do and perform such acts and things and transact such business in connection with the foregoing objects. not incon- i s.stent with law, ip any part of the world as the Board of Directors may 1 deem Go the advantage of the cvi- poration.
 ARTICLE III.
 1 The capital stock of this corporation shall be THREE HUNDRED THOU SAND DOLLARS (S300, 900 0O). di,id- cd into SIX HUNDRED THOUSAND | tb00,eQ0) shares of the par value a i FIFTY CENTS ($.50) each: such caD- ital stock may be issued at sucf times as the Board of Directors may designate. either for cash, or real oi personal property, or selNiCeS, or lcast of option to purchase, or any othe; valuable right or thing for the uses and purposes of the corpora tion. and all shares of capital stock so issued shall thereupon and thereby become full paid the same as the paid for ir cash at par, and shall be non-assess- able forever, and the judgment of th, directors as tC the value of any prop. erty, right. or thing acquired in eX. change for capital stock. shall be con. elusive in the absence of fraud in tA, transaction.
 ARTICLE ".
 The time of the commencement O. this corporation shall be the date Q issuance to it of certificate of in. corporation by the Arizona Corpora
 tion Commission. and it shall eudur, for tie full term of twenty five (e5
 years thereafter with privilege of. per ,petnal succession as provided by law
 ARTICLE V.
 The affairs of the corporation shal be conducted by a Board of Director consisting of not less than three 13l
 nor more than seven co directors b,