Arizona republican., 1916-12-06

option, locate, or otherwise acquire, own, exchange, sell or otherwise dis pose of, pledge, mortgage, hypothecate and deal in mines and mining claims. Loth lode and placer mineral lands, coal lands. oil lands, timber lands, ag- ricultural lands, water and water rights, dam sites and any other prop ertN, both real and personal, and to prospect for, work, explore, operate, maintain, and develope the same, ana to deal in the products and by-pro- ducts thereof to purchase, plat, sub divide. sell and control lands and townsites. 10 purcnase, lease or oth- erwise acquire, erect, own, operate and sell mining smeltins and other ore re- duction works oil reflneries, power plants, water works, railroads and tramWays to lead from the companys principal works; to establish. acquire. build, construct, own. operate. ex- change sell and dispose of hotels, res taurants. stores commissaries, houses and any and all other buildings and structures of whatsoever kind or na- ture; to do a general manufacturing, mercantile and agricultural business to own, handle sell and control let ters patent, and inventions: 10 own, cancel and reissue shares of its Swn' capital stock; and to purchase or oth- erwise acquire. and to hold, own sell, assign mortgage pledge or otherwise dispose of. shares bonds, debentures, or other evidences of indebte dness or other corporations, and while the hOl- der thereof, to exercise all the rights and privileges of ownership. including the right Co vote thereon. to issue bonds; notes and other evidences of indebtedness, and To secure the. pay ment of tho same by mortgage deed of trust, or otherwise, to act as agent, trustee, broker. or in any other fiuu- ciary capacity, and tC borrow and loan money and in general tO do anl perform such acts and things and transact such business m connection with the foregoing objects, not incon- a.stent with law, in any part of the world, as the Board of Directors may deem to the advantage of the cor poratun-
 ARTICLE III
 l The capital stool; of this corporation shall be THREE HUNDRED THOU SAND DOLLARS tS300. .000.001. divid- cd Into SIX HUNDkf'D THOUSAND 1 f60u.ehol shares oi the par value al FIFTY CENTS Is.50l each: such cap tal stock may te issued. at such times as tie Board Of Directors may designate. either for cash, or re1l G! personal property or sert ices. or lease of option 10 purchase. or any othe: l valuable right or thing for the uses and purposes Of the corporation. and all shares 0f capital stock SO issued shall ;hereupon and thereby become : full raid the same as the paid for if cash at par. and shall b. non -assess- able forever. and the judgment of the directors as tG the value of any prop erty right. or thing acquired in cx- ! change for capital stock. shall be cCn- : elusive in the absence cf fraud in tlt transaction.
 ARTICLE ".
 The time of the commencement Q. this corporation shall be the date ., issuance to l. of a certificate of in- ! corporation bv the Arizona Corpora. ton Commission. and II shall endure for the full term of twenty five t15 years thereafter. with privilege Of per petual succession as provided by law
 ARTICLE Y.
 The affairs of ,Le coruora'ioa shal be conducted by 2 Board If Director consisting of not less thln three t3) nor more than seven fD directors h' whom a President, d Nice- President. Secretary and a Treasurer shall b. elected from among the stockholders provided that the office Of Treasure may Ac held by the same person hold
 ifits anv uf the above na4ned of e. The Poard of Dlrc tors may from time to time appoint s1ch o.hc- of fieors and agents az to them ma
 seem meet and proper. The Director shall he elected by and from anon the stockholders at their anRt q meeting 10 be held on tho secon'
 Monday in January m -l-h A..r. ..