Arizona republican., 1916-12-05

the balance of said assets shall be dis tributed to said common stock, ratably and If said assets properly applicable thereto. shall not be sufficient to pay said outstanding Preferred Stock, in full, the same shall be paid to and ap- piled upon said Preferred Stock then outstanding, ratably.
 4. To issue, sell and dispose of said Preferred Stock. as an entirety or if the Board of Directors shall so decide, to divide the same into Series, and desig- nate them by consecutive numbers. of such amounts. respectively. and with conditions. terms and provisions to be fixed by the Bylaws, or by resolutions of the Board of Directors. or in such other manner as the Board of Direct ors by resolution shall adopt provided, however. that the aggregate amount of all of said Series shall in no event ex- ceed the aforesaid total amount of Preferred Stock above provided for; to appoint trustee or trustees for the whole of said Preferred Stock. or for any Series thereof. for such purposes as the Directors may designate and to provide for successions of Trustees and Trusts. provided that every such Trustee shall be appointed and the terms of each Trust shall be expressed m written contract between the Cor poration and the Trustee. One or more Trustees for all of the Preferred Stock, or one or more Trustees for each Series. may be appointed and there mav be different Trustees for the sev- eral Series, or the same Trustee for all of the Series, as the Board of Directors gfts whether as d whole or in Series shall be the same, excepting that, if issued in Series. the certificates for each Series shall show the whole amount of Preferred Stock authorized and the amount and serial number of the Series
 j. After three years from and after the date of the Certificate of Incorpor- ation of this corporation. said corpora tion. by resolution of it's Board of Di- rectors. may. at any dividend paying period. call in. pay off. cancel and re- tire said Preferred Stock. or any part thereof out of the net profits or snr- plus of said Corporation then on hand, paving, at any time after that date. the full face value Of said Preferred Stock and all unpaid dividends up to time of payment; and if said Corporation shall not have sufficient net profits or sur plus to pay all of said outstanding Pre- ferred Stock. and unpaid dividends. but shall. at any time after said date have sufficient net profits or surplus to pay a portion thereof. then said corporation may call In. pay and retire such portion If said outstanding Preferred Stock and unpaid dividends as 1t may from net earnings and surplus on hand. and the right so to do shall be reserved in the Certificates for said Preferred Stock
 6 Whenever preferred stock shall be paid and retired the Certificates there for shall be cancelled and the amount of the capital stock of said Corporation shall thereupon be reduced by an amount equal to the face value of the Preferred Stock. so paid and retired
 ' All Certificates and Preferred Stock shall have the words Preferred Stock made to plainly appear upon the face thereof and. if issued in Series the number of the Series. and preferences hereby created shall be printed upon the face or endorsed upon. or attached to all said Certlfi- cates and shall be referred to upon the face thereof
 S. All Certificates for common stock
  appear upon the face thereof
 9. All outstanding Preferred and Common Stock. for the time being. shall have equal voting rights
 ARTICLE ". The commencement of the Corporation shall be the date of issuance. to wit: of Certificate of In- corporation by the Arizona Corporation Commission. and Il shall endure for the full term of twenty five (25) years therefrom. with privileges of perpetual succession. as provided by Statute.
 ARTICLE Y. The affairs of the Cor p0fation shall be conducted by Board of Directors and such officers as the said Directors may elect or appoint The number Of Directors shall be de- slgnated by the claws. and shall he elected from among the stockholders nt their annual meeting. to be held on the first Monday at the hour of one CD o'clock in the afternoon of that dav. in the month of January. Of each and every year from and after the year of l9iT. Until the first annual meeting of the stockholders and until their sue cessors shall have been elected and qualified. the following named persons shall be officers and Directors to wit.
 DIRECTORS:
 Robert F. Daniels. r. c. address Washington D C.. F.. F. Shaver r. Q. address. Washington. D. C.: Frank lin F. Fletcher. F. Q. address. Washing ton, D. C.; P. l.. Murphy, r. C. address, Washington. D. C.; David S Rose. r. O. address. Washington. D. C.
 GENERAL OFFICERS.
 President. Robert r. Daniels: Vice President. l.. E Shaver. General Man. ager, Richard Chilcott. Resident Sec retary Vic F. Hanny; Secretary. r. F. Murphy: Treasurer Franklin F. Fletcher: General Counsel. David $. Rose
 ARTICLE VI The Directors shall have powers to adopt. amend and re- scind Bylaws, to fill vacancies occur ring in the Board from any cause and to appoint from their own number an ] Executive Committee and to vest said committee with all the powers granted | the Directors by these articles
 ARTICLE VII. The highest amount of indebtedness or liability to which the | corporation may at any time subject i itself is Three Million Three Hundred Thousand Dollars. fs3. 300. .000.00).
 ARTICLE VIII. The private prop- erty of the stockholders of the corpora- ton shall be forever exempt from it's lebts or obligations.
 ARTICLE K. This corporation does hereby appoint Vic r. Hanny. of Phoc nix, Arizona, who has been bona fide resident of Arizona for at least three l5l years, It's lawful Agent in and for the State of Arizona for and in behalf Df said Company, to accept and acknowledge services and upon whom may be served the necessary process