The Parker post. (Parker, Ariz.) 1910-1918, 1917-01-20


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 issued,
shall be issued as and declared and
considered to he fully paid and shall
be forever non -aSseSSable for any
purpose whatsoever The time when
and the condition upon which said
capital stock shall be paid in and its
shares issued shall be as the board OF
directors shall determine and require.
ARTICLE ".
The time of the commencement of
this corporation shall be the date OF
the filling of these articles of incor-
poration in the office of the Corpor-
alton Commission of the state of Ar
iona and the filling of a certified
copy thereof in the office of the
County Recorder of Yuma county, Ar
iona, and the termin alton thereon
shall be twenty-five (25) years there
after, but the term thereof may be
renewed from time to time for a
period of not exceeding twenty-five
(25) years at any one time, perpet-
ually when three-fourths of the votes
cast at any stockholders meeting
duly called and legally conducted for
that purpose shall be in favor OF
such renewal That the corporation
may be dissolved at amy time by
majority vote of the issued and out
standing shares of stock, at any reg
ular meetings or at any special meet
ing duly called and legally conducted
for that purpose, if previous notice
to stockholders has been given for
that purpose at least thirty 600 day
previous to the holdingof said meet
ing.
ARTICLE V.
The affairs TO the corporation are
to be conducted by a board of direc-
tors and such officers as such board
| shall create, elect and appoint. The
board of directors shall consist of
not less than five 60 nor more than
mine CO. directors, each of whom
shall be a stakeholder. Any director
ceasing to be a stockholder, there
upon Immediately ceases to be dir
rector. The directors shall be elect
ed from among the stockholders, by
| the stockholders at the annual meet
| ing of the stockholders, which shall
| be held ION the first Tuesday in Mo-
vember lin each year i'm 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 ell
ected, unless sooner removed by
a vote of a majority of the issued
stock at any regular meeting, or at
amy special meeting expressly called
| for that purpose, notice OF the hold
ing and purpose of which meeting
being duly given to the stockholders.
The number of directors for the cur
rent or succeeding year shall be de-
termined Within the limits herein
prescribed by the stockholders hold
ing the majority of ISSUED stock at
any meeting of stockholders or any
special meeting legally called and
conducted for that purpose.
Until otherwise determined the
number of directors shall be five 60
and until the first annual meeting OF
stockholders of this corporation and
until their successors are duly cleo
ted, the directors shall be as follows
H. M. Hamlin of Parker, Yuma
county, Arizona; UIrich Grill of Oat-
man, Mohave county, Arizona; o. M.
Spence, of Parker, Yuma county,
Arizona; w. H. Burton OF Parker,
Yuma county, Arizona, and E. M.
Hamlin of Parker, Yuma county, ARR
! IONA.
In furtherance and not i'm limita-
tion of the power of the board OF dl-
rectorsA conferred by law, the said
board is hereby expressly authorized
and empowered to, by election or
| appointment as the case may require
fill all vacancies that may occur
| either in the board of directors, or
any office or officer of the corpora
| ton for the unexpired term of such
director or officer; to fix the time
for declaring and paying dividends,
to authorize and cause to be execu-
ted, issued and delivered, notes, war
rants, bonds, debentures, stdpula-
lions, certificates, stock certificates,
agreements, mortgages, deeds and
deeds of trust, liens, conveyances, as
signments. contracts, powers of attor
ney, appointments, notifications, ac-
acknowledgements, Qualifications, afflda-
Wits, recogniZances and any and all
kinds of appointments of agents, at
tomeys and employees and any and
| all other kinds of instruments IN
writing whatsoever and to- sell, as
sign, transfer, grant, convey, distri-
butte, deliver or otherwise dispose OF
any or all of the property real or per-
sonal, of the corporation, and to ac-
quire in any manner whatsoever any
and all kinds of property that said
board may deem proper and advisable
for said corporation. To elect the
officers and employees and appoint
all necessary agents, attorneys, SER
wants, employees and laborers of every
kind for said corporation and to fix
and determine and cause to be paid
the compensation for services rem
dered, or to be rendered, by the di-
rectors, officers, appointees, attor-
neys, agents, servants and laborers
OF the corporation, and to fix and de
termine, demand, collect and receive
payment for all services rendered by
the corporation fer others and the