Arizona republican., 1917-10-24

Ol TeuuCtlOn pants, machinery, QeNlceS | 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 connection with the operation of any of it's properties; to buy, sell, and generally trade in. store. carry and transport, any and all kinds Of goods, wares and merchandise, pro- visions and supplies; to enter into, make, perform and carry out contracts 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 perties right or stock and to do any : and all things which a natural person
  mining business.
 ARTICLE III The AMOUNT OF THE CAPITAL STOCK of this corporation shall be One Million ($1,000, ,00000) Dollars, di- vided into one million G000, ,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 1 discretion of the Board of Directors 1 and the judgment of said Board, as to the value thereof, shall be conclusive 1 on this corporation and it's stockhold- 1 CTS. Said capital stock is hereby made | and shall forever remain nOn-assess- l able. Said stock shall be disposed of in i the discretion of the Board of Directors, as said Board may deem proper and its 1 discretion shall be final and binding. ARTICLE ". The life of this corporation shall commece on the day when certificate of its incorporation is issued by the Arizona Corporation Commission and shall terminate twenty-five (25) years 1 thereafter
 1 ARTICLE V
 The affairs of this corporation shall be conducted by Board of Directors of not less than five nor more than l 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, l 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 al
 the annual meeting of the stockholders
 to be held on the fourth Tuesday ir
 June, in each year and shall hold office
 until their successors are elected anC
 qualified: the Board of Directors shal
 have power to fill any vacancies occur ring in the offices or in the Board
 from any cause. for the uneXpired term r ARTICLE VI.
 The highest amount of indebtedness direct or contingent, to which this cor poration shall ever be subjected, shal 7 be two-thirds of the total par value
 of the capital stock.
 ARTICLE VII. } The private property of the stock , holders and officers of this corporation , shall be- exempt from all corporate , debts and liabilities of any kind what l soever.
 r ARTICLE VIII. l This corporation shall have power, a , any time, to sell, transfer and dispos, of all of it's assets, upon the writer : consent of the owners of two thirds o ] the capital stock then outstanding IN WITNESS WHEREOF, the sait | cornora tors have hereunto set thei hands this 7th cay of September, 1917. r (Signed)
 JOHN SCARBAUER, 1T H. SCHUMANN, PAUL MULLER. l WALTER W. PETTY State of Arizona. MaricOpa County. ss This instrument was acknowledge ], before me this 7th day of September
 1917. by Henry H. Schumann. Joh' I Scarbauer Paul Muller and Walter W ! Petty.
 HERMAN LEWKO OWTTZ l Notary Public.
 My commission evpires. May ,, 1920.