The Parker post., 1917-03-17

Sary, suitable, proper, or eXpedlent
for the accomplishment of any and
all of the purposes and the attain
ment Of the objects hereinbefore
enumerated, or which at any time
may be conducive or expedient or
advisable for the benefit or protec-
ttOn of this corporation, and in gem
eral to engage in any and all kinds
of lawful business, and to make, per-
form and enforce any and all kinds
of contracts whatsoever, and to do
and perform any and all acts that
natural person might or could do
or perform.
Any and all of the things, objects
and purposes herein enumerated and
authorized to be done and perform
ed at such time or times and at such
place or places within or without
the State Of Arizona, and upon such
terms and conditions and for such
considerations and in such manner
as the Board of Directors shall from
time to time determine and direct,
and as may now or hereafter be
permitted or authorized by law, and
not otherwise.
ARTICLE III.
The amount of capital stock au
thOri2ed shall be Two Million Five
Hundred Thousand ($2,500, 0,000.00)
Dollars divided into Two Million Five
Hundred Thousand q, 500, ,000) shares
of the par value of One ($1.0O) Dol
lar each, and the same when issued
shall be fully paid and non-assess-
able All or any portion of the
fol OF nf 10
be issued for cash. or in payment for
real or personal property services
rendered, or for any other right or
thing of value, and when SO issued
shall become and be fully paid the
same as if paid for in cash; and the
judgment of the Board of Directors
as to the value of such property,
rights and services SO acquired and
rendered. shall be conclusive; and
all of said shares Of stock when is
sued shall be issued as and declared
and considered to be fully paid and
shall be forever -assessable for
any purpose whatsoever and shall
not be subject to any call by the
corporation or otherwise. The time
when and the condition upon which
said capital stock shall be paid in
and it's shares issued, shall be as
the Board OF Directors shall deter
mine and require.
ARTICLE ".
The time Of the commencement
of this corporation shall be the date
of the fling Of these Articles of In
corporation in the office Of the Cor
pOratiOn Commission of the State
of Arizona and the filing of certi
fed copy thereof in the Office of the
county recorder of Yuma county, Ari-
zOna, and the termination thereof
shall be twenty-five (25) years there
after; but the term thereof may be
renewed from time to time for
period of not exceeding twenty-five
(25) years at any one time per
perually, when threefOurths of the
votes cast at any stockholders meet
ing duly called and legally conduct
ed for that purpose shall be in ia
vor of such renewal. That the cor
poration may be dissolved at any
time by majority vote OF the is
sued and outstanding shares OF
stock, at any regular meeting or at
any special meeting duly called and
legally conducted for that purpose,
if previous notice to stockholders has
been given for that purpose at least
thirty 800 days previous to the
holding of such meeting.
ARTICLE V.
The affairs of tho corporation are
to be conducted by a Board of Di-
rectOrs and such officers as said
Board shall create, elect and appoint
The Board of Directors shall con-
sist of not less than seven CD nor
more than fifteen O5) directors
each Of whom shall be stOckholder
Any director ceasing to be a stock
holder, thereupOn Immediately ceas-
es to be a director. The directors
shallbe elected from among the stock
holders by the stockholders at the
annual meeting OF stockholders
which shall be held on the second
Monday in January in each year, in
the manner provided by the bylaws,
or as may be determined at such
meeting, and the term of office of
each director shall be for one year
thereafter and until his successor
shall be duly elected, unless sooner
removed by vote of a majority of the
issued stock at any regular meeting
or at any special meeting expressly |
called for that purpose, notice of the |
holding and purpose Of which meet
ing being duly given to the stock
holders
The number of directors for the |
current or succeeding year or for any |
unexpired portion thereof, shall be |
determined, within the limits here
in prescribed, by the stockholders |
holding the majority Of issued stock, |
at any regular meeting of stockhold- |
ers, or at any special meeting legally |
called and conducted for that pur-
pose.
Until otherwise determined by the |
stockholders as herein provided the |
number Of directors shall be nine |
C9).
In furtherance and not in limita-
ton Of the powers of the Board OF |
Directors conferred by law, the said |
Board is hereby expressly authorized |
and empowered to, by election or ap-