The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-04-05

pressly empowered TO hold. purchase.
mortgage n convey real and per-
sonai property. either within or with
out the Territory OF Arizona. and to
borrow money and TO issue bonds and
other obligations In payment for
property purchased or acquired by i,
or for money borrowed by II or for
any other object in or about its bus-
mess; to mortgage or purchase any
stocks. bonds or other obligations or
n property which may be acquired
BY II Tor the purpose OF securing any
bonds Of other obligations BY II issued
or incurred: to guarantee any divi-
dends, or bonds or contracts or other
obligations. To lend or advance money
IN connection with its business: 10
make and perform contracts Of any
KIND o. description for Carrying on its
business, or for the purpose OF at
tanning or furthering any of is oh.
Jccts; to do any n all other acts or
things and To exercise any and all
oth,f powers which a corporation or
natural person could do and exercise
aud which are now OF hereafter 4
be authorized by law.
Fifih The authorized capital
stock Of the corporation is one Nil
lion Dollars Ci, OO0. 0OOD divided into
one million 1000. 0OOb shares OF The
par value OF one Dollar SLOO) each.
Said stock shal be issued AZ full-paid
ana worcestershire stock. at such
time OF times as the Board of Direc-
tors may designate. In exchange for
cash. property, services or any other
valuable considerations. In the ais
scnce OF actual fraud IN the transac-
ton. the Judgment OF the Board OF
Directors as 10 the value OF such
property. services or other cousId.
orations shall be conclusive.
Sixth. The time OF the commence !
nIent Of the corporation shall be date |
OF the Hing of a certified COPY OF
these Articles OF Incorporation, In the
office OF the auditor Il the Territory
Of Arizona. and the termination /
thereof shall be twenty-five C25l |
years thereafter. but before is char. /
ter expires It's charter rights may be
renewed according 20 Jaw from time
TO time Tor periods not exceeding |
twenty-five yeas. .
seventh, The anaiTs OF the corpor. |
alton shall be conducted by d Board !
Of Directors.
The following persons shall consti- |
tute the Board OF directors OF the
corporation until the next annual
stockholders meeting thereof. |
John A. Carlson. New York. n. Z. !
Henry j. n%olzhauor Brooklyn. |
y. y.
James W. Neil, Brooklyn. y Y.
william A. Kudd, Westheld. y. J !
William J. Fitehett Jr. New York. |
y. Y.
~ q Steers. New York \, Y.
George Dempst"r. New York. y. \
", G.. Kennedy. Sew York. \. y.
L. JaakuWer, New York. y. !.
The annual -~tockholdeIs' meeting
shall be- held az the office Of the cor
porutiou in Phoonig. Arizona. or at
such other place as may be d%esIgnat-
ed by the Board of Directors a.
.. M. on the third Wednesday In Jam
uary % eacn year. commencing In
The year 1911 At each nnuud
stockholders meeting the term of the
Board OF Directors therefore exist
ing shall expire and their Successors
shall be- elected. The Board OF Di-
%rectur~ may an vacancies In the
Board. may appoint an executive
committee ui the Board with
such powers as they may con.
Ter and may make such prud'u-
Tat hN-lnWs as they may deem pcces-
sary Ton the management OF the cor
poraiton u the execution of the
corporate powers and the carrying
a ~ the business proposed Go ice
transacted hy The corporation as
~hcretubeforc So, forth: and may al
ter amend or repeal such bylaws IN
the and upon the conditions
which shall Doe prescribed in said by
prcTided. how that any and all
hv-ltVH made oy tho Board oi Direc-
tors shall be consistent with }hc COM
stitutiou and laws Of the TERRITORY ~
Arizona and ot the United states, aud
may he altered or repealed by the
stockholders Of the corporation at
any annual or special meeting. Ina the
notice of which there shan be in
cluded notice ur such proposed alter
alton or repeal.
Eighth. The highest amount of IN
debtedness or liability. direct or cone
ting"ut to which the corporation
skal - anS time DE subject, l. Six
Hundred and Fifty Thousand Dollars
tt650. nOU,J. which noun does not
exceed two.thirds OF tho amount of