The Parker post., 1917-02-03

all of the purposes and the attain
ment of the objects hereinbefore emu
merated, or which at any time may
be conducive, eXpedient or advisable
for the benefit or protection of this
corporation, and i'm general to engage
in any and all kinds of lawful busi-
ness and to make, perform and en-
force any and all kinds of contracts
whatsoever and to do and perform
any and all acts that a natural perso
might or could do Or perform.
Amy and all of the things, objects
and purposes herein enumerated and
authorized ito be done shall be done
and performed 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 here
after be permitted or authorized by
law and not otherwise.
ARTICLE Ill.
The amount of capital stock author
lied shall be One Million Five Hun
dred Thousand Dollars ($1, 500, ,O0O) 3,
divided into One Million Five Hun
dred Thousand shares (1,50O,000) of
the par value of One Dollar ($1.OO)
each, and the same when issued
shall be fully paid and non-asses-
sable. ALI or any portion of the cap
ital stock of this corporation may
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 issed
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 ISSUED,
shall be issued as and declared and
| considered to be fully paid and shall
be forever worcestershire for any
purpose whatsoever. The time when
and the condition upon which said
capital stock shall be paid in and its
shares issued shall be as the board
directors shall determine and require.
ARTICLE ",
The time of the commencement of
| this corporation shall be the date of
poration in the office of the Corpor-
alton Commission of the state of Ar
izona and the filling of a certified
copy thereof in the office of the
| County Recorder of Yuma county, Ar
| izona, and the termin alton thereof
shall be twenty-five (25) years there
| after, but the term thereof may be
| renewed from time to time for a
period of not exceeding twenty-five
| (25) years at any one time, perpet-
ually when three-fourths of the votes
cast at any stockholde meeting
duly called and legally conducted for
that purpose shall be in favor of
such renewal. That the corporation
may be dissolved at any time by a
majority vote of the issued and out
standing shares of stock, at any reg
ular meetings or at any special meet
ing duly called and legally conducted
| for that purpose, if previous notice
to stockholders has been given for
that purpose at least thirty 600 day
previons to the holdingof said meet
ing.
| ARTICLE V.
The affairs TO the corporation are
to be conducted by a board of direc-
tors and such officers as such board
shall create, elect and appoint. The
board of directors shall consist of
not less than five (5) nor more than
nine CO. directors, each of whom
Shall be a stockholder. Any dire ctor
leasing to be a stockholder, there
upon Immediately ceases to be a di-
rector. The directors shall be elect
ed from among the stockholders, by
the stockholders at the annual meet
| ing of the stockholders, which shall
be held ION the first Tuesday i'm No
vember 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 ell
ected, 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 hold
ing and purpose of which meeting
being duly given to the stockholders.
| The number of directors for the cur
rent or succeeding year shall be de
termined Within the limits herein
| pTeSCIWDeu Dy Tile SCOChHOlu0uS uOlu-
ing the majority of ISSUED stock at
amy meeting of stockholders or any
special meeting legally called and
conducted for that purpose.
Until otherwise determined the
number of directors shall be five 60
and until the first annual meeting OF
stockholders of this corporation and
until their successors are duly cleo
ted, the directors shall be as follows
H. M. Hamlin of Parker, Yuma
county, Arizona; Ulrich Grill of Oat-
man, Mohave county, Arizona; o. M
Spence, of Parker, Yuma county
Arizona; w. H. Burton of Parker,
Yuma county, Arizona, and E. M
Hamlin of Parker, Yuma county, Arir
Zona.
In furtherance and not in limita-
tion of the power of the board of di-
rectors conferred by law, the said
board is hereby expressly authorized
and empowered to, by election or
appointment as the case may require