The Parker post., 1917-03-17

modify which it may purchase or ac
| quire.
| 5. To make contracts, and to do
as fully and to the same extent as
natural persons might or could do,
any and all of the things herein set
forth, either as principals, agents,
contractors, trustees, or otherwise,
and either alone or in company with
other persons, associations or cor
poratiOns.
6. In general to have and exer-
else with respect to all things, pow
ers, privileges and immunities con-
ferred upon corporations of this class
by the laws of the state of Arizona,
and to carry on any business in con-
nection Herewith, not inconsistent
with the laws OF the United States
and the state of Arizona.
ARTICLE Y.
The amount of the capital stock OF
| this corporation shall be One Million
Dollars $4,000, divided into
one million 1.00O,00Ol shares of
the par value of One Dollar C$1.OO)
each, and the shares when issued
shall forever be fully-paid and non
| assessable.
Said shares shall be issued at such
| time or times, and upon such terms
| and conditions, as may be provided
| by the board OF directors OF the cor
pOratiOn, and such stock may be ex-
| changed for mines, or for any other
| property either real or personal, or
| for benefits accruing TO the corpora
| ton, or for services rendered to the
| corporation, in any manner or form
| whatever, as said board OF directors
may determine, and in the absence
of actual fraud in the transaction,
such determination of the board
| shall be final
| ARTICLE vi.
| The time of the commencement of
| corporation shall be the day upon
which a certified copy of these arti-
cles OF incorporation from the Ari-
zOna Corporation Commission shall
be recorded with the Recorder of
| Yuma county, state OF Arizona, and
the termination thereof shall be
twenty-five (25) years thereafter,
with privilege OF renewal. as pro
| vided by law.
| ARTICLE VII
The management and control OF
the business, property and affairs OF
| this corporation shall be vested in
| Board of Directors, consisting of not
less than five 60 nor more than
| nine 90 members, who shall be Sc
! lected from among the stockholders
of record at the regular annual
meeting of the stockholders which
said meeting shall be held on the
first Monday in June OF each year,
and said directors shall hold office
| for one year, or until their success
Ors are elected and shall have quail
| fled. Any vacancy which may Oc-
cur in said board of directors, wheth-
| er caused by death, resignation or
| otherwise, shall be filled by election
| by the remaining members OF said
board from among the stockholders
OF record. Said board of directors
| shah have power to establish by
| laws, and make any and all rules
and regulations necessary for the
conduct and management of the af-
fairs of the corporation. not incon~
sistent with law or with these arti-
cles of incOrpOra tiOn.
Until the first annual meeting of
the stockholders, the following
|
board of directors of this corpora
ton, to-wit:
DR.. A. II. Littletield, Lee Pritt. O.
| M. Spence John Pritt. Frederick M
Hall
ARTICLE VIII.
The officers of this corporation
shall be President, ce-President
! Secretary and Treasurer, and the of
fees OF secretary and treasurer may
be held by the same person; together
with such additional officers as the
board OF directors may deem neces-
sary or essential. All officers are to
be elected by the board of directors
from among the stockholders at the
annual meeting of said board of di-
| rectOrs, which said meeting shall
be held as soon as practicable after
the annual meeting OF the stOckhold-
ers, and shall hold Office for one (l)
year, or until their successors are
elected and shall have qualified, ex-
cept such officers as may be provided
for and appointed by said board Of
directors. whose terms of office, quail
ifications and duties shall be pres
cribed by said board.
| The Following named persons shall
serve as the officers OF the corpora
tiOn until the first annual meeting
Of the board of directors and until
their successors are elected and shall
have qualified:
President, Dr. A. Ii. Littlefeld
Vlce-President, Lee Pritt
Secretary, Frederick H. Hall.
| Treasurer, o. M. Spence.
ARTICLE TX.
The highest amount OF indebted
ness or liability, direct or contin-
gent, to which this corporation may
at any time subject itself is the sum
OF twenty-five Thousand Dollars
($25, ,O0O).
ARTICLE X
The private property, of the incor-
| pOratOrs and stockholders of this cor
poration shall be, and is, hereby
made forever exempt from any and
all liability for the corporate debts