The Parker post., 1916-07-01


letters patent; to borrow or loan
money and to issue it's bonds pay
able in cash or convertible into stock
Of this corporation, debentures, mort
cages, promissory notes and other
evidences of indebtedness therefor,
and to pledge, sell or otherwise dis
pose, OF the whole or amy part of the
property owned or acquired by it for
the security or payment of any debt,
Indebtedness Or obligation incurred
or undertaken; to use it's stock, de-
bentureS or bonds i'm payment for
any property or commodity which it
may purchase or acquire; to make
contracts and to do as fully and ito
the same extent aus natural persons
might or could do i'm any of the
things herein 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 immunities conferred
upon corporations of this class by
the laws of the State of Arizona, and
to carry ON any business in connec-
ton Herewith within or without the
state of Arizona not inconsistent with
law.
ARTICLE III.
The amount of the capital stock
of this corporation shall be one hum
dred thousand (1O00O0) dollars, di-
vided into one million 1000, ,000)
shares of stock of the par value of
ten (10) cents each, which shah be
paid i'll at such times and under such
conditions as shall be deemed by the
Board of Directors to be best, in
cash. notes, real or personal property,
services, options to purchase, or amy
other valuable thing for the use and
purpose of the corporation, and all
shares of capital stock of the corpor-
alton when issued in exchange there
for. or for any other or either of the
foregoing, shall thereafter and there
upon and thereby become and be full
paid as though paid for in cash at
par, and shall be non-assessable for
ever, and the Judgment of the Board
of Directors as to the value of the
property, right or thing acquired in
exchange for capital stock of this
corporation shall be conclusive
ARTICLE w.
The time of the commencement of
the corporate existence of this corpOr-
alton shall be from the time these
articles are filed, in accordance with
law, and the determination thereoe
shall be twenty-five (25) years there
after, with the privilege of perpet-
ual succession, as provided by law.
ARTICLE vi.
The highest amount of indebted
ness or liability to which the corpor-
ation may at amy time subject it,
self, O" contract, is the sum of sixty
thousand ($60,O0O) dollars.
ARTICLE vi.
The affairs of the corporation shall
be conducted by and the management
of the business, and property of the cor
pOratlon shall be vested in a Board
# Directors and such officers as
such directors may elect or appoint.
The number of directors shall be
five (5) unless otherwise provided
for in the bylaws, and said directors
shall electedfromthesto AIT
their regular meeting to be held on
The first Tuesday in the month of
June of each and every year.
Until the first annual meeting of
the stockholders and until their sue
cessors are duly elected and have
qualified the officers and directors
shall be as follows: o. M. Spence of
Parker, Yuma county, Arizona, Presi-
dent and Director; NJ E. Graham of
Parker, Yuma county, Arizona, Vice
President and director; J. B. Flana-
gan Of Parker, Yuma county Ariz-
ona, Secretary-Treasurer and Direc-
tor; A. S. Prescott of Phoenix, Mar
icopa county, Arizona, Director, and
ty, Director
ARTICLE VII
The Board of Directors shall have
power to adopt, amend, rescind and
alter hy-laws, 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
fIll and complete power and author
ity to represent and do all and every
thing for the corporation as fully and
complete as II authorized therefor
by a majority of the stockholders at
6 regular o. special meeting thereof
ARTICLE VIII.
The private property of the stock
holders shall be forever exempt from
the corporate debts and obligations of
all kinds whatsoever
ARTICLE TX.
These articles may be amended at
any time by majority vote of the
outstanding stock of the corporation
at any regular meeting of the stock
holders or any special meeting there
Of called for that purpose.
In witness whereof we have here
unto set our hands and seals this12th
day of June, A. D. 1916.
M. e. GRAHAM.
o. M. SPENCE,
j. B. FLANAGAN
State OF Arizona,
GO11ntu of Vuna-cC