The Parker post., 1917-01-06

place OF GranSaCnng business OUTSIDE
of Arizona, shall be at San Diego,
in the county of San Diego and Stat
OF California, and at such other
places as the board of directors may
determine, where meetings of the
directors may be held and all bust
ness transacted, and the board OF dbl
rectors shall discontinue meeting
of said board at pleasure and may
resume or call special meetings out
side of the state of Arizona.
ARTICLE III.
The general nature of the busin ess
proposed to be transacted by said
Company in the state of Arizona
and in the state OF California and
in any other state or territory of the
United States are stated and declar-
ed to be as follows:
To-wit, to acquire by purchase,
lease, option, locate, or otherwise
acquire, own, exchange, sell, or other
wise dispose of, pledge, mortgage,
hypothecate and deal in mines, min
ing claims, mineral lands, coal lands,
Oil lands, timber lands, real and per-
sonal estate, water, water rights, and
to work, explore, operate and develop
the same and to extract any and all
minerals, petroleum, naptha, oils and
gas therefrom and deal in the pro-
ducts and by-products thereof; to
purchase, lease, or otherwise ac7
quire, erect, own, operate, or sell
smelling and ore reduction works, Oil
refinerdes, saw mills and power
plants; to do a general real estate,
manufacturing and mercantile bust
ness; to own, handle and control
letters patent and inventions and
shares OF it's own capital stock and
that OF other corporations, and to
cancel and reissue shares of it's
own capital stock; to issue bonds
notes, dehentures and other evil
dences of Indebtedness and to se-
cure the payment of the same by
mortgage, deed of trust or otherwise;
to act as agent, ttrustee, broker, or
in any other fiduciary capacity; to-
borrow and loan money; and in gen
era1 to do andperform such acts and
things and transact such business,
not inconsistent with the constitu-
ton and laws of the state of Arizona
and as the board of directors may
deem to be to the advantage of said
Corporation.
ARTICLE Nv.
The authorized amount of capital
stock of this Corporation is and shall
be Eleven Hundred Thousand ($1,-
100000 Dollars divided into Eleven
Hundred Thousand shares of the par
value of 81 each. And at such times
as the board of directors may by res
olution direct, said capital stock
shall be paid into this Corporation,
either in cash or by the sale and
transfer to it OF real or personal
property, contracts services, or any
other valuable right or thing for the
use and purpose of said Corporation,
in payment for which, shares OF the
capital s. ock of said Corporation ma
be issued, and the capital stock so
10 G. o1
become and be fully paid UP and
non -assessable forever, and in the
absence of all actual fraud in the
transaction of ne business of this
Corporation thse Judgment of the di
rectors as to the value of the prop
erty purchased shah be conclusive.
ARTICLE v.
The time of the commencement OF
said Corporation shall be the date of
che issuing to it of certificate of
by the Arizona Corpora
ton Commission and the termination
thereof shall be twenty-five years
thereafter with the privilege of re-
newal as provided, by law.
ARTICLE VI.
The affairs of this Corporate
shall be conducted by a Board of Dbl
'ectcrs, and such OFFICERS as the di-
rectors may elect or appoint, and
The following namsad shall constitute
the board Of direct tors until their sue
cessors are elected and have quail
led: George H. McGfnnis, B. L.
Vaughn, d. C. Reed, L. M. Arey, and
(. H. Moffitt, Jr. And thereafter tn
board of directors shall be elected