Arizona republican., 1917-03-20

and bonds and other evidences of in
debtedness, and to execute mort
cages and deeds of trust to secure
the payments of the same; and to
loan or advance money to individuals
firms or corporations on open ac-
count, or on personal or corporate
notes of such individuals, firms or
corporations, with or without security.
TO buy, own, hold or otherwise ac-
qutre pledge, sell or otherwise dis
pose of shares of the capital stock OF
bonds of this corporation, and also of
other corporations, including the right
to deal in bonds or obligations of any
municipality, state or government.
TO enter into contracts of all kinds
with firms. individuals, corporations
and civil, municipal, state or govern
mental authorities, whenever the
same shall be authorized by the di-
rectors of this corporation, or by the
bylaws of this company.
TO merge or consolidate this com-
pany with any other corporation or
corporations. TO SELL lease, exchange,
surrender, or otherwise deal with the
whole of the undertaking and prop
efiy and rights of this corporation
or any part thereof, for such con-
sideration as the board of directors
may think fit, and in particular for
any shares (whether credited as part
ly or fully paid up, or otherwise)
/ debentures or securities of any other
company, and TO divide such part or
parts, as may be determined by the
board Of directors, of the purchase
moneys, whether in cash. shares. or
| otner equivalent, WHICH may at any
time be received by this corporation
on sale, or other dealing with the
whole or part of the property, estate.
effects, ana rights OF the corpora
ton, amongst its stockholders by way
of DIVIDENDS or bonus in proportion
/ to their shares. or otherwise to deal
With the same. as the board of di-
rectors may determine; provided.
| however, that such merger, CONSOLE
dation, sale, lease, exchange, sur
render or other disposition of the
property and rights OF this corpora
ton, shall be, either authorized in the
! the vote or written consent or assent
! of majority 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 para graph ir
these Articles of Incorporation, but
1 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
I 1t at its pleasure; may render the
shares or interests of its stockhold-
I ers transferable and prescribe the
/ mode OF making such transfers; may
establish bylaws and make all rules
! and regulations necessary or expedi-
ent for tbs management and control
of its corporate affairs: and in gen.
eral to do each and everything nee
essary, suitable, OF proper for the
accomplishment of any of the pur-
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 V.
The authorized amount of the
Capital Stock of this corporation
shall be Two Million. Five Hundred
( Thousand and no1OO -(S2, 500, O00. 00)
lion, Five Hundred Thousand (2.5OO.-
O00) Shares of the par value of One
(S1.0O 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, OF
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 ana thereby. become
fully paid up and non -assessable:
ard in the absence of actual fraud III
the transaction, the judgment of the
Board of Directors of this company
as to the valre 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-
tlon thefeof snail 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 corporation shall
be conducted by a Board of not less
than Five 60 nor more than Nine
go Directors, and the follovins
named persons shall constitute the
Board of Directors until their sue
cessors are elected and qualified
viz, " w. Dutton, Willis Stewart
c. J. Bury, Charles Chesterfield and
Peter Riley. Thereafter the Bcar6
Of Directors shall be elected from
among the Stockholders on the Sec
ond Monday in January in each an6
every year.
The officers of this Corporation
shall be. 4 President, Vice President
Secretary and Treasurer, and such
other officers as the Board of Di-
rectors may, from time to time de-
termine; provided that. the President
Vice President and Secretary shall be
chosen from among the members OF
the Board of Directors. The Treas
urer need not be a member of the
PoartA of Directors and that office
4 may be filled and the duties there's