The Parker post., 1916-11-11

Water-rlghtS, reservoirs, canals ,tlum es,
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
terIs patent; to borrow or loan mone
and to issue it's bonds payable in
cash or convertible into stock Of this
corporation, debentures, mortgages,
'prOmdssory 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
security or payment of any debt, in
debtedness or obligation incurred or
undertaken: to use its 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 i'm
munltdes conferred upon corporations
of this class by, the laws of the state
OF Arizona, and to carry On any busi-
ness in connection therewith within
or without the state of Arizona, not
inconsistent with law.
49,. ARTICLE III.
The amount of the capital stock Of
this corporation shall be One Million
( 900, ,000) Dollars. divided into One
Mdllton Q,OO0,00O) 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-
sonal property, services, options to
purchase. or any other valuable thing
for the use and purpose of the cor
poration, and all shares Of capital
stock Of the corporation when issued
A3% tN~e~A9S CAV1 SAON, III AO4 eIII5 oIASTl
or either OF the foregoing, shall there
after and therenpon and thereby be-
come and be full-patd 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 stocG
Of this corporation shall be conclu-
sive
ARTICLE ~.
The time OF the commence cement of
the corporate existence of this COR
poration shall be from the time these
articles are filed in accordance with
law, and the termination thereof
shall be twenty-five (25) years there
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 aRy time subject itself,
or contract, is the sum of $660,O0
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-