The Parker post. (Parker, Ariz.) 1910-1918, 1917-01-13


real Or personal property, services
rendered, or for any other right or
thing of value, and when SO Used
shall become and be fully paid, the
same as if paid for i'm 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 n-assessable 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 Of
directors shall determine and require.
ARTICLE w.
The time of the commencement of
this corporation shall be the date of
the filing of these articles Of incor-
poration in the office of the Corpor-
alton Commission of the state of Ar
izona and the filling of certified
copy thereof in the office of the
County Recorder of Yuma county, Ar
iona, 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
period of not exceeding twenty-five
(25) years at any one time, perpet-
ually when three4fourths of the votes
cast at any stockholders meeting
duly called and legally conducted for
that purpose shall be i'm favor of
such renewal. That the corporation
may he dissolved at amy time by
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 days
previous to the holdingof said meet
ing.
ARTICLE ".
The affairs 70 the corporation are
to be conducted by 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 60 nor more than
mine co. directors, each of whom
shall be a stakeholder. Any director
ceasing to be a stakeholder, there
upon Immediately ceases to be a dir
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 i'm 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 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
prescribed by the stockholders hold
ing the majority of ISSUED stock at
any meeting of stockholders or any
special meeting legally called and
conducted for that purpose.
Until otherwise determined the
number of directors shall be five 90
and until the first annual meeting of
stockholders of this corporation and
until their successors are duly cleo
ted, the directors shall be as followsJ
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, ARR
IONA.
Ian furtherance and not i'm 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,
FILL all vacancies that may occur,
either i'm the board of directors, or
any office or officer of the corpora
lon for the unexpired term of such
director or officer; to fix the time
for declaring and paying dividends,
to authorize and cause to be execu-
ted, issued and delivered, notes, war
rants, bonds, debentures, stipula-
lions, certificates, stock certificates
agreements, mortgages, deeds and
deeds OF trust, liens, conveyances. as
slgnments, contracts, powers of attor4
ney, appointments, verifications, ac-
acknowledgements, Qualifications, affida-
Wis. recognizances and any and all
kinds of appointments of agents, at
tomeys and employees and any and
all other kinds of instruments in
writing whatsoever and to- sell. as
sign, transfer, grant, convey, distri-
Dute, deliver or otherwise dispose of
any or all of the property real or per
sonal,of the corporation, and to ac-
qulre In any manner whatsoever any
and all kinds of property that said
board may deem proper and advisable
Tor said corporation To elect the
officers and employees and appoint
all necessary agents, attorneys, SER
wants. employees and laborers of every
kind for said corporation and to fix
and determine and cause to be paid
the compensation for services rem
dered, or to be rendered, by the di-
rectors, officers, appointees. attor-