The Parker post., 1917-04-07

10 DO any and everything neceS-
sary, suitable, proper, or expedient
for the accomplishment of any and
all of the purposes and the attain
ment of the objects hereinbefore
enumerated, or which at any time
may be conducive or expedient or
advisable for the benefit or protec-
tlOn of this corporation, and in gen.
eral to engage in any and all kinds
OF lawful business, and to make, per-
| form and enforce any and all kinds
OF contracts whatsoever, and to do
| and perform any and all acts that
a natural person might or could do
or perform.
/ Any and all of the things, objects
and purposes herein enumerated and
authorized to be done and perform
ed 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 hereafter be
permitted or authorized by law, and
not otherwise.
ARTICLE Ill.
The amount of capital stock au-
| thorized shall be Two Million Five
Hundred Thousand ($2,5OO,OOO.OO)
| Dollars divided into Two Million Five
Hundred Thousand 800, ,00O) shares
Of the par value of One ($1.00) Dol
| lar each, and the same when issued
shall be fully paid and non-assess-
| able. All or any portion of the
| capital 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 issued
shall become and be fully paid the
same as il 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 is
| sued shall be issued as and declared
and considered to be fully paid and
shall be forever worcestershire for
any purpose whatsoever and shall
not be subject to any call by the
| corporation or otherwise The time
when and the condition upon which
od1u capital oLOCh SudlI DS pdlu III
and it's shares issued shall be as
the Board of Directors shall deter
mine and require.
ARTICLE ".
The time of the commencement
of this corporation shall be the date
of the filing of these Articles of In
corporation in the office of the Cor
pOration Commission of the State
of Arizona and the filing of a certi-
fled copy thereof in the office of the
county recorder of Yuma county, Ari-
zona, and the termination 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 per-
perually, when three-fourths of the
votes cast at any stockholders meet
ing duly called and legally conduct
ed for that purpose shall be in ia
vOr of such renewal That the cor
pOration may be dissolved at any
time by majority vote of the is
sued and outstanding shares of
stock, at any regular meeting or at
any special meeting duly called and
legally conducted for that purpose,
If previous notice to stockholders has
been given for that purpose at least
thirty 900 days previous to the
holding of such meeting
ARTICLE V.
The affairs of the corporation are
to be conducted by Board of Di-
rectors and such officers as said
Board shall create, elect and appoint
The Board of Directors shall con-
sist of not less than seven CD nor
more than fifteen (15) directors
each of whom shall be a stOckholder
Any director ceasing to be a stock
holder, thereupOn Immediately ceas-
es to be director. The directors
shallbe elected from among the stock
holders by the stockholders at the
annual meeting of stockholders
which shall be held on the second
Monday in January 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 elected, 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
holding and purpose of which meet
ing being duly given to the stock
holders.
The number of directors for the
current or succeeding year or for any
unexpired portion thereof, shall be
determined, within the limits here
in prescribed, by the stockholders
holding the majority of issued stock,
at any regular meeting of stockhold-
ers, or at any special meeting legally
called and conducted for that pur-
pose.
Until otherwise determined blythe
stockholders as herein provided, the
number Of directors shall be nine
(9).
In furtherance and not in limita-
tlon of the powers of the Board of
Directors conferred by law, the said
Board is hereby expressly authorized