The Parker post., 1917-04-14

Indebtedness therefor, and to pledge,
sell or otherwise dispose of the
whole or any part of the property
owned or acquired by it for the Sc
curity or payment of Indebtedness or
| obligation incurred or undertaken;
to use it's stock, debentures or bonds
| in payment of any property or COM
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.
s. 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 V.
The amount of the capital stock of
this corporation shall be One Million
Dollars $4,000, 0,00O), divided into
one million (1,0OO,O0O) shares Of
the par value of One Dollar ($1.00(
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
tion, 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
| 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 a
Board of Directors, consisting of not
less than five CD nor more than
nine (9) 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
| fed. 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
shall have power to establish by
|
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 incorporation.
| Until the first annual meeting of
the stockholders, the following
named persons shall constitute the
board of directors of this corpora
tiOn, to-wit:
DR.. A. III. Littlefe1d, Lee Pritt, o.
M. Spence, John Pritt, Frederick M
Hall.
ARTICLE VIII.
The officers of this corporation
| shall be President, Vice-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 CD
| 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
| if1catiOns 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. HI. Littlefield
| Vice-President, Lee Pritt
Secretary, Frederick H. Hall
Treasurer, o. NJ. 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