The Parker post., 1916-10-21

products and by-prOducts thereof of
every kind and description, and what
soever proc ess the same can or may
be produced, and, generally, without
animation as to amount; to acquire
by purchase, exchange location, ap-
preparation, or in 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,l reservoirs, canals, fumes
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
rying ON of any business undertaken
by the corporation; 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 it's bonds payable In
cash or convertible into stock of this
corporation, debentures, mortgages.
promissory 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
secllRdty Or payment of any debt, In
!debtedness or obligation incurred or
undertaken; to use it's 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
In set forth, either as principal agent
Or contractor, trustee or otherwise.
| and, in general, to have and exercise
with respect to all things whether
herein specifically mentioned or not,
| all rights, powers, privileges and Inn
mttnltles conferred upon corporations
OF this class by the laws of the state
OF Arizona, and to carry ON any bust
ness in connection Herewith Within
or without the state of Arizona, not
inconsistent with law -
ARTICLE Ill
The amount OF the capital stock OF
Thus corporation shall be One Million
Q,0O0,000) Dollars, divided into One
Million 1,000, ,0GO) 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, in cash, notes, real or per-
scnal property. services, options to
purchase, or any other valuable thing
Tor the use and purpose of the cor,
poratlon, and all shares of capital
stock OF the corporation when issued
In exchange therefor, or for any otheN
or either OF the foregoing, shall there
after and thereupon and thereby be-
come and be full-pafd as though paid
for In cash at par, and shall be non
assessable forever, and the Judgment
OF the Board of Directors as to the
value of theproperty, right or thing
acquired in exchange for capital atocN
OF this corporation shall be conclu-
sive.
ARTICLE w.
The time OF the co1nmenc ement of
the corporate existence of this cor
poration shall be from the time these
articles are filled 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 V.
The highest amount of indebted
ness or liability to which the corpor-
alton may at any time subject itself.
or contract, is the sum of $500, 600.
ARTICLE 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 (5), unless otherwise provid-
ed for In the bylaws, and said di-
doctors shall be elected from the
Fstockholders 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. DID,
rectors shall be as follows: e. s..
Osborne OF Parker, Yuma county, Ar
iona, President and Director; e. E.
Osborne of Parker, Yuma county,
Arizona, Treasurer and Director: B.
NJ. FHuQua OF Parker, Yuma county,
Arizona, Vice President and Director:
J. B. Flanagan of Parker, Yuma
county, Arizona, Secretary and Di-
rector, and J. Granville Fmqua 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 amy cause or
reason, and to appoint from their
own number committees and an ex-
ecutive 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 conn
plete power and authority to repre-.
sent and do all and everything for
the corporation as fully and complete |