Arizona republican., 1917-11-21

bonds and mining agreements and land of any kind, Or any interest therein, in the State of Arizona or elsewhere; to locate mining claims and other real property and acquire title thereto un- der the laws of the United States and other countries; to purchase, acquire, sell, dispose of hold, handle, hypoth- ecate and deal in any and all kinds Of real and personal property, includ- ing it's own stock or the stock of other corporations, and mines, mining claims and lands of all kinds: to construct, maintain, operate. hypothecate pledge, deal in, and control any and all kinds or reduction plants, machinery, devices and Improvements and any and all nec- essary, proper and approriate appur- tenances thereto: to construct main tain operate hypothecate mortgage, pledge, and control, steam or electric railroads for the purpose of developing any properties owned by it. gas, cleo tric light, telephone, telegraph and hy- dro-electric plants, traffic in power and canals to be used in connceion with the operation of any of it's properties; to buy, sell, and generally trade in, store, carry and transport. any and all kinds or goods, wares and merchandise pro- visions and supplies; to enter into,
 
 of every kind and for any lawful pur- pose incidental to it's operations and business; to issue. protect. secure, re- deem and pay bonds, securities and other evidences of indebtedness of this corporation when deemed necessary, appropriate or eXpedient by the Direc- tors or Stockholders of this corporation and, in general, to carry on any other lawful business in connection with the foregoing which may be indirectly, to enhance the value of the company's 'roperties, right or stock and to do any and all things which a natural person might or could lawfully do, in a general mining business.
 ARTICLE III.
 The AMOUNT OF THE CAPITAL, STOCK of this corporation shall be One Million (s1,000,O00.00) Dollars. di- vided into one million q, ,000, ,000) shares of the par value of One CD Dollar each and said capital stock shall be fully paid up, at the date of issuance, in money, property, services, labor or any other valuable right or thing, in the discretion of the Board of Directors and the judgment of said Board. as to the value thereof, shall be conclusive on this corporation and it's stockhold-
 
 and shall forever remain non assess able. Said stock shall be disposed of in the discretion of the Board of Directors, as said Board may deem proper and its discretion shall be final and binding.
 ARTICLE ".
 The life of this corporation shall commece on the day when a certificate of it's incorporation is issued by the Arizona Corpora tion Commission and shall terminate twenty-five (25) years thereafter.
 ARTICLE V
 The affairs of this corporation shall be conducted by Board of Directors of not less than five nor more than nine members and such other officers and agents as they may appoint or elect and all Directors shall be stockholders; the following named persons shall con- stitute the Directors and Officers of this corporation, until their successors shall have been elected and qualified, to wit:
 JOHN SCARBAUER, President; WALTER W. PETTY, Vice Pres; PAUL MULLER, Treasurer; HENRY H. SCHUMANN, Secretary; MAUD A. MAJOR, Director Hereafter, the Board of Directors shall be elected annually by the stock [ holders, from among their number, at the annual meeting of the stockholders | to be held on the fourth Tuesday in June, in each year and shall hold office | until their successors are elected and 1 qualified; the Board of Directors shall l have power to fill any vacancies occur ring in the offices or in the Board, l from any cause. for the unexpired term. ARTICLE VI. l The highest amount of indebtedness l direct or contingent, to which this cor | poration shall ever be subjected shall l be two thirds of the total par value of the capital stock.
 ARTICLE VII
 The private property of the stock i holders and officers of this corporation l shall be exempt from all corporate debts and liabilities of any kind what soever.
 ARTICLE VIII. This corporation shall have power, at any time; to sell, transfer and dispose l of all of its assets, upon the written 1 consent of the owners of thirds of the capital stock then outstanding.
 IN WITNESS WHEREOF, the said corporators have hereunto set their hands this 7th day of September, 1917. (Signed)
 1 JOHN SCARBAUER,
 H. H. SCHUMANN, PAUL MULLER,
 WALTER W. PETTY. State of Arizona, Maricopa County, ss:
 This instrument was acknowledged before me this 7th day of September, 1917, by Henry H. Schumann, John Scarbauer, Paul Muller and Walter w. l Petty.
 HERMAN LEWKOWITZ, | Notary Public. My commission expires, May 5, 1920.