The St. Johns herald., 1917-10-04


 obtain title or franchise to such power project; to operate such power project, to buy, sell, or dis pose of electricity or power for lights, power, or other beneficial l or useful purposes, and to do any and all things necessary for the conducting of a business in gen. erating, transmitting, buying or selling of electricity or power; to borrow money and to issue bonds, notes, debentures and other evi- dences of indebtedness and secure the payment of the same by mort gage deed of trust, or otherwise; to make such bylaws for the prudent regulation of this cor poratiOn and the officers thereof, not inconsistent with law as the Board of Directors or stockhold- CTS may adopt; and in general to do and perform such acts and things and transact such business, not inconsistent with law, in any part of the world, as the board of directors may deem to the ad- vantage of the corporation.
 ARTICLE III.
 The capital stock of the corpor- ation shall be Thirty Thousand Dollars, ($30,000.00), divided in- to thirty thousand shares of the par value of one Dollar each, which shall all be paid in at the time of the commencement of this corporation.
 ARTICLE ".
 The commencement of the cor poration shall be the date of the issuance to it of a certificate of incorporation by the Arizana Cor poration Commission, and 1t shall endure for the full term of tWen- ty-fve years thereafter, with privilege of perpetual succession as provided by statute.
 ARTICLE V.
 The affairs of the corporation shall be conducted by a board of directors and such officers as the said board may elect or appoint. The number of the directors shall be designated by the bylaws and shall be elected from among the stockholders at their annual meet ing to be held on the third Mon cay in January of each year. Un- til the first annual meeting of the stockholders and until their sue cessor have been elected and have qualified, the following named persons shall be the officers and directors: Joseph Udall, Edmond Nelson. Rufus Hulsey, Jacob Hamblin and Barthold Wahl.
 ARTICLE VI.
 The directors shall have power to adopt, amend and recind by laws, to fill vacancies occurring in the board from any cause, and to appoint from their own number an executive committee and vest said committe with all the powers granted the directors by these articles; and also to appoint from their own number a president, 8 n d a vice e-pre d t and a secretary and a treasurer who may or may not be a mem ber of said board but must be a stockholder of this corporation.
 ARTICLE VII.
 The highest amount of indebt- ness or liability to which the cor poration may at any one time subject itself is Ten thousand Dollars ($10,000.00).
 ARTICLE VIII.
 The private property of the stockholders or the corporation shall be forever exempt from it's debts and obligations.
 ARTICLE TX.
 This corporation does hereby 1. appoint Joseph Udall of Edgar, Apache County, Arizona, who has been a bona fde resident of Arizona for at least three years, . it's lawful agent in and for the State of Arizona for and in be- half of said company, to accept . and acknowledge service of, and . upon whom may be served, all necessary process or processes in
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