Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1917-03-22


ing railways. turnpikes. or public
highways.
TO buy, sell. own, build, construct, 1
maintain operate and dispose of tele-
phone and telegraph lines, plants and
equipment, whether wireless or OPP
Grated with wires. electrical plants,
machinery, appliances and equipment.
TO own, acquire. buy, build, con-
struct, operate, sell and dispose of
canals, fumes. pipe lines and other
equipment, waters. water rights,
storage dams or reservoirs.
To do a general mining, reduction,
concentrating, smelling, brokerage
real estate and mercantile business, or
any of them. and in any and all
branches.
To buy, own, acquire, handle, con-
troll, lease, sell and deal in letters
patent and inventions of every kind
and nature whatsoever.
70 borrow money, to issue notes
and bonds and other evidences of in
debtedness, and to execute mort
cages and deeds of trust to secure
the payments of the same; and to
loan or advance money to individuals
firms or corporations on open ac-
count or on personal or corporate
notes of such individuals, firms or
corporations, with or without security.
To buy, own, hold or otherwise ac-
quire. pledge, sell or otherwise dis
pose of shares of the capital stock OF
bonds of this corporation, and also of
other corporations, including the right
to deal in bonds or obligations of any
municipality, state or government.
To enter into contracts of all kinds
with firms. individuals, corporations
and civil, municipal state or govern
mental authorities, whenever the
same shall be authorized by the di-
rectors of this corporation, or by the
bylaws of this company.
TO merge or consolidate this COM
pany with any other corporation or
corporations, to sell. lease, exchange
surrender or otherwise deal with the
whole of the undertaking and pop
erty and rights of this corporation
or any part thereof for such con-
sideration as the board of directors
may think fit. and in particular for
any shares whether credited as part
ly or fully paid up, or Otherwise)
debentures or securities of any other
company, and to divide such part or
parts, as may De determined by the
board Of directors, of the purchase
moneys, whether in cash shares, or
other equivalent, which may at any
time be received by this corporation
on a sale, or other dealing with the
whole or part of the property, estate,
effects, ana rights of the corpora
ton, amongst its stockholders by way
of dividends or bonus in proportion
to their shares, or otherwise to deal
with the same as the board of di-
rectors may determine; provided,
however. that such merger consoli-
dalton, sale, lease. exchange sur
render or other disposition of the
property and rights OF this corpora
| ton, shall be, either authorized in the
premises, or, subsequently ratified by,
the vote or written consent or assent
of a majority of the outstanding and
issued stock of company.
Tho objects and powers specified
in this Article shall, except where
| otherwise herein expressed, be in no
wise limited or restricted by refer
ence to, or inference from, the terms
of any other clause or para graph ir
! these Articles of Incorporation, but
each shall be deemed to be separate
objects of powers, and and each OF
them. shall be deemed to be in
furtherance of, and not in limitation
! OF the general powers conferred by
the laws of the State of Arizona
This corporation shall have per-
! petual succession, may sue and be
sued by its corporate name, shall
| have common seal and may alter
it at its pleasure; may render the
| shares or interests of its stockhold-
ers transferable and prescribe the
mode of making such transfers; may
establish bylaws and make all rules
| and regulations necessary or expedi-
ent for tbs management and control
! of its corporate affairs; and in gen.
eral to do each and everything nee
essary, suitable, or proper for the
| accomplishment of any of the pur-
| poses. or the attainment of any one
| or more of the objects herein enum-
Grated, or which shall at any time
| appear conducive to or expedient
for the protection Or benefit of this
| corporation.
ARTICLE "
The authorized amount of the
| Capital Stock of this corporation
shall be Two Million. Five Hundred
Thousand and noI1OO (S2,5OO, 900 00)
| Dollars, DIVIDED INTO Two Mil
lion, Five Hundred Thousand (2,500,-
O00) Shares of the par value of One
! ($1.00) Dollar, each
Said Capital Stock shall be paid
| into this corpora ton Immediately up
on subscription therefor, either in
cash. services, or by the sale or
! transfer it to for the purposes, use
and benefit of the corporation, OF
property, real, personal or mixed, or
any of them, and in payment for
which, shares of the Capital Stock of
| this corporation may be issued, and
the stock so issued and when issued,
shall thereupon and thereby become
fully paid up and nom assessable;
and in the absence of actual fraud il,
/ the transaction, the judgment of the
| Board of Directors of this company
| rs to the value of the services rend-
cred or of the property purchased,
shall be conclusive.
ARTICLE VI.
The time of the commencement of
this corporation shall be the date of
the filing of the original Articles of
| Incorporation in the office Of the
! Corporation Commission of the State
of Arizona, and a certified copy there
OF in the office Of the County Re
corder of the County of Greenlee,
State of Arizona. and the termina
ton thereof shall be twenty five years
thereafter with the privilege OF re-
newal from time to time as provided
| by law.
ARTICLE VII.
The affairs of this corporation shall
be conducted by a Board of not less
than Five 90 nor more than Nine
| 90 Directors, and the following
named persons shall constitute the
Board of Directors, until their sue
cessors are elected and qualified;