The Parker post., 1917-03-24

modify which it may purchase or ac-
quire.
5. To make contracts, and to do
as fully and to the same extent as
natural persons might or could do,
any and all of the things herein set
forth, either as principals, agents,
contractors, trustees, or otherwise,
and either alone or in company with
other persons, associations or cor
pOratiOns.
6. In general to have and exer-
else with respect to all things, pow
ers, privileges and immunities con-
ferred upon corporations of this class
by the laws of the state of Arizona,
and to carry on any business in con-
nectiOn Herewith, not inconsistent
with the laws of the United States
and the state of Arizona
ARTICLE V.
The amount Of the capital stock of
this corporation shall be One Million
Dollars ($1, 0,000), divided into
one million U,0O0,000) shares of
the par value OF One Dollar ($l.O0)
each, and the shares when issued
shall forever be fully-paid and non
assessable.
Said shares shall be issued at such
time or times. and upon such terms
and conditions. as may be provided
by the board of directors of the cor
pOratiOn, and such stock may be ex-
changed for mines, or for any other
property, either real or personal, or
for benefits accruing to the corpora
ton, or for services rendered to the
corporation, in any manner or form
whatever as said board of directors
may determine, and in the absence
of actual fraud in the transaction,
such determination of the board
shall be final
ARTICLE VI.
The time of the commencement of
corporation shall be the day upon
which certified copy Of these arti-
cles of incorporation from the Ari-
Zona Corporation Commission shall
be recorded with the Recorder of
Yuma county, state of Arizona, and
the termination thereof shall be
twenty-five (25) years thereafter,
with privilege of renewal, as pro-
vided by law
ARTICLE VII.
~
the business, property and affairs OF
this corporation shall be vested in
Board of Directors, consisting of not
less than five (5) nor more than
nine (9) members, who shall be Sc
lected from among the stockholders
OF record at the regular annual
meeting of the stockholders, which
said meeting shall be held on the
first Monday in June Of each year,
and said directors shall hold office
for one year, or until their success
Ors are elected and shall have quail
fled. Any vacancy which may oc-
cur in said board of directors, wheth-
er caused by death. resignation or
otherwise, shall be filled by election
by the remaining members of said
board from among the stockholders
OF record. Said board of directors
shall have power to establish by
laws, and make any and all rules
and regulations necessary for the
conduct and management of the af-
fairs of the corporation, not incon.
sistent with law or with these arti-
cles OF Incorporation
Until the first annual meeting of
named persons shall constitute the
board OF directors of this corpora
ton, tO-Wit:
DR.. A. H. Littlefield, Lee Pritt, o.
M. Spence, John Pritt Frederick M
Hall
ARTICLE VIII.
The officers of this corporation
shall be President, Vice President.
Secretary and Treasurer. and the Of
fees OF secretary and treasurer NAV
be held by the same person: together
with such additional officers as the
board OF directors may deem neces-
sary or essential. All officers are to
be elected by the board Of directors
from among the stockholders at the
annual meeting of said board of di-
rectors, which said meeting shall
be held as soon as practicable after
the annual meeting Of the stockhold-
ers, and shall hold Office for one (D
year, Or until their successors are
elected and shall have qualified, ex-
cept such officers as may be provided
for and appointed by said board of
directors, whose terms of office, quail
1tiCations and duties shall be pres
cribed by said board.
The following named persons shall
serve as the officers of the CORPORA
tiOn until the first annual meeting
OF the board of directors, and until
their successors are elected and shall
have qualified:
President, DR. A. H. Littlefield
V1ce-President, Lee Pritt.
Secretary, Frederick H. Hall.
Treasurer, 0. NJ Spence.
ARTICLE TX
The highest amount of indebted
ness or liability. direct or contin-
gent to which this corporation NAV
al any time subject itself, is the sum
OF Twenty-Five Thousand Dollars
1925, ,0OO).
ARTICLE X.
The private property of the incor-
porators and stockholders of this cor
poration shall be. and is, hereby
made forever exempt from any and
all liability for the corporate debts
and Ii9 hi1ifiao of hn