Arizona republican., 1916-11-23

ty; to improve said real estate with
 buildings. factories, canals, aqueducts,
 fumes and conduts. or otherwise; to
 own. handle and control letters patents
 and inventions and shares of it's own capital stock and that of other corpora tions and to vote any shares of stock
 of other corporations owned by it the same as natural person might do to borrow money and to issue bonds notes. debentures and other evidences
 of indebtedness and to secure the pay
 ment of the same by mortgages. deeds
 of trust assignments, pledges. or other
 wise upon it's own property or any in- terest therein; to act as agents trus- tees, brokers, or in any other fiduciary capacity; to charter acquire and oper- ate ships and all kinds of vessels, rail road cars or other modes of transpor-
 tation for shipping. exporting and i'm porting it's own goods, but not for pub lie use, and in general to do and per- i form such acts and things and transact such business in connection with the foregoing objects, not inconsistent with
 the law. ia any part of the world. as the lBoard of Directors may deem to the advantage of the corporation. ARTICLE Ill.
 The capital stock of the corporation shall be Ten Million Dollars (sl0000 000.00), divided into One Hundred l Thousand shares U00,000) of the par value of One Hundred Dollars ($l0000) each, which shall be paid in at such time as the Board of Directors may designate, in cash, patents. patent li- censes, real or personal property, ser vices leases, options to purchase, or any other valuable rights or things, for the uses and purposes of the corpora tion, and all shares of capital stock
 when issued in exchange therefor, shall thereupon and thereby become and be fully paid the same as though paid for | in cash at par. and shall be nonassess-
 able forever. and the judgment of the
 directors as to the value of any patents,
 patent licenses, property, right or thing
 acquired in exchange for capital stock shall be conclusive.
 ARTICLE ". The commencement of the corpora ton shall be the date of the issuance i to it of a certificate of incorporation by the Arizona Corporation Commission, and it shall endure for the full term of | twenty-five (25) years thereafter with privilege of perpetual succession as provided by statute.
 ARTICLE V The affairs of this corporation shall | be conducted by d Board of not less 1 than five (5) or more than fifteen C5) directors to be determined by the by
 laws of the Company. The directors shall be elected by and from among the stockholders of the Company on the [ first Tuesday of December of each and every year until their successors are 1 elected and qualified. The following
 named persons shall be the directors of 1 the Company:
 Names Residences and post-office ad- i dresses.
 J. W. Eisenhuth, Los Angeles, Cali fornia;
 Frank, D. Mcclure, Los Angeles. Call fornia.
 F. $. Cary, Los Angeles. California:
 O. W. Weidler. Los Angeles. California
 John Schneider. Los Angeles Califor- mia:
 I The directors shall elect a President, ] Vice President. General Manager a l Secretary. a Treasurer and such other officers and agents as the bylaws may provide.
 ARTICLE VI. 1 The directors shall adopt bylaws for ] the government of the corporation and 1 may amend the same They shall have
 power to fill vacancies in the Board of i Directors from any cause, and to ap-
 point from among their number an ex-
 ecutive committee which. to the extent