Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1917-03-21

ton, shall be, either authorized in the /
premises. or, subsequently ratified by. |
the vote or written consent or assent |
of G ma iority of the outstanding and |
issued stock of company.
The 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 paragraph il
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 the mana cement and control
of its corporate affairs: and in gem
eral to do each and everything nee
/ y
accomplishment of any of the prr-
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 Y.
| The authorized amount of the
| Capital Stock of this corporation
|
! Thousand and nol100 $4,000, 00000)
Dollars DIVIDED INTO Two Mil
lion, Five Hundred Thousand (2,50O,-
| 000) 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 non -assessable;
and in the absence of actual fraud III
| the transaction, the judgment of the
Board of Directors of this company
as 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 CT 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 ternina :
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 corpora ton shall
be conducted by a Board of not less
than Five go nor more than Nine
(9) Directors. and the following
named persons shall constitute the
Board of Directors until their sue
cessors are elected and qualified;
viz. w. W. Dutton, Willis Stewart
c. J. Bury, Charles Chesterfield anC
Peter Riley. Thereafter the Bcart
Of Directors shall be elected from
among the Stockholders on the Sec
; ond Monday in January in each ant
; every year.
The officers of this Corporation
{ shall be, a President. Vice President
Secretary and Treasurer, and sucl
, other officers as the Board of Di
rectors may, from time to time de
, termine; provided that, the President
| Vice President and Secretary shall b,
chosen from among the members o
the Board OF Directors. The Treas
urer need not be a member of tn
| Board of Directors, and that ofiic
may be filled and the duties thereo
/ discharged by any other officer 0
the Company, if and when, the Boar
: of Directors shall so determine.
The officers of this corporation AM
until their. successors are elected an,
qualified. Shall be as follows: w. W
| Dutt0n, President; Charles Chester
: field, Vice President; C. ]. Bury
/ Secrearty; and Peter Riley, Treasurer
| ARTICLE VIII.
The highest amount Of indebted
2 ness or liability, direct or contingent
to which this corporation is or shall
!, at any time, become subject shall b
{, One Million (s1,0o0,O00.00) Dollars
/, which amount does not exceed two
: thirds of the amount of the Capita
:. Stock of this company
ARTICLE TX.
:. The private property of the Stock
r holders of this corporation shall b
r liabilities Of any and every kind
: whatsoever.
: IN WITNESS WHEREOF, we hav
: hereunto subscribed our names. thi
23rd day of February, A. D. 1917.
!, w. w. BUTTON.
WILLIS STEWART,
l c. J. BURY,
: CHARLES CHESTERFIELD,
!, PETER RILEY.
:. STATE OF ARIZONA,
County of Greenlee:-ss.
The foregoing instrument wa
T acknowledged before me this 23r
VI day of February, A. D. 1917, by W
w. Dutton, c. J. Bury, Willis Stewart
, Charles Chesterfield and Peter Riley
I. (Notarial SeaD !. L. QUIAT,
Notary Public in and for the Count
of Greenlee State Of Arizona.
My commission expires June
: 1918.
Pv II r. WILKINSON President