Arizona republican., 1918-01-07

(P) To guarantee the payment of 1 dividends or interest on any shares of stocks. bonds. debentures. or other l security issued by or any contract Of | obligation of this or any Corporation l whenever proper or necessary for the business of this Corporation in the | judgment of it's Directors. To conduct l and perform any part of it's business and to have one or more offices and to hold, purchase. lease, mortgage, and convey real and personal property in or out Of the State of California, and Tn any such place or places in any or the several states or territories. colon lal possessions, or territorial acQuisi- tions Of the United States and in any foreign country as it shall from time to time deem necessary and convent ent for the transaction of any part of the Company's business: and to do any acts required by law in any such place to enable it to do business there And generally to do all and everything necessary, suitable, proper or con- Venient for the accomplishment of any or the purposes or obligations herein enumerated, or incident to the powers herein named or eXpedient for the pro- lection or benefit of the Corporation, either as holders of or interested in any property. and in general 10 carry on any business. whether manufactur- ing, mining, merchandising or other wise.
 co To purchase any Of the issued stock of this corporation for a reason
 able amount
 ! (R) It is the intention that the ob- | jects, purposes and powers specified ! and clauses contained in this second
 paragraph shall. except where other wise expressed in sa.c paragraph, be ! pr
 reference to or inference from the
 terms of any other clauses of this
 or any other paragraph in this
 charter. but that the objects, pur- poses ard powers specified in each of the clauses of this paragraph shall be regarded as independent objects, purposes and powers.
 THIRD, that the place where the
 principal business of said corpora
 ton is to be transacted. is in the City of Los Angeles, State of Cali
 fornia.
 FOURTH, that the term for which
 said corporation is to exist is fifty
 (50) years, from and after the date
 of it's incorporatioh.
 FIFTH, that the number of direc-
 tors or trustees of said corporation
 shall be five (5) and that the names
 and residences of the directors or
 trustees, who are appointed for the first year, and to serve until the election and qualification of such officers, are as follows. to-wit: l. Lyman Stewart, Los Angeles , California.
 ?. E. T. Earl, Los Angeles, Cali ? fornia.
 3. W. c. Loughbom, Los Angeles California
 ; 4. Alfred C. Stewart, Los Angeles California.
 3. c. NJ. Smith, Los Angeles, Cali. fornia.
 REGULATIONS & LIMITATIONS SIXTH. (A) The Corporation shal
 have To power to mortgage it's req ; property. except upon the assent il , writing first obtained of the holder
 of two-thirds of the issued stock, o 1 upon the affirmative vote of tn, holders of a majority Of said stocl s at a meeting of the stockholder l duly called for that purpose. V B) The Board of Directors an, t when the Board is not in session, tn y executive committee, in addition to tn 5 powers and authorities by statute an | by the Bylaws expressly conferre t upon them, are hereby empowered t
 
 = such acts and things as may be eXer cised or done by the Corporation, tha |. are subject, nevertheless. to the pro s vision of the statute, of the charte = and to any regulations that may froI y time to time be made by the stock 5, holders: provided that no regulation
 so made shall invalidate any provisio
 of this charter, or any prior acts of tf S Directors Or executive commlttt g, which would have been valid if sue = regulations had not been made. $ co There shall be an Executiy # Committee of three members. who sha - be elected by the Stockholders frol
 the Directors and hold office as here Il matter provided. The said committt e shall have and exercise all the power = expressly conferred upon it by tn Il Certificate of Incorporation. and ais e all the powers of the Board of DireC 1T tors whenever a quorum shall fail le be present at any stated or other mee l. ing Of the Board. and as well at a
 times whenever the Board shall not ,r in session, and shall have power Il, affix the seal of the Corporati to a t, papers which they may deem to r g, quire it.
 y The officers of the committee sha 10 be Chairman, a Vice Chairman al Of a Secretary, who shall hold office du
 ing the term Of their office as men D. bers of the committee. and shall k, elected by the stockholders. or At all meetings of the committee. { as questions shall be decided by a m te jority of votes.
 Ie The stockholders shall. at their fir - meeting, elect by ballot the said cor lu mittee of three members from the q !, rectOrs elected at such meeting al IT,, l... s1 Nff lu of
 1T. At every annual meeting after t as first meeting, whenever the term 'i- office of any member or officer of { ,.' committee shall expire, the stockhol Il CTS shall elect successor. Any mer
 Der of the committee may be elected si' succeed himself.
 .e' Any directors are eligible to electi V as member of the Executive Comm ae tee.
 1Ha, The term of office of each memt n nd of the committee shall be o-extensi iIu with the term of his office as Direct ,So Any member of the committee W ,r o shall cease to be a Director of [ ,n Company shall ipso facto cease to ,p' a member of the committee. I All vacancies in the Executive Col os mittee shall be filled for the unexpiI ns term from the Directors by vote s the Directors.
 ho SEVENTH. that the amount Of 8 oa thorized capital stock of the said e ,ar poration is s500,000.00 and that { Sa number Of shares into which S, ,I' capital stock is divided is 5000 shal ef- ol rne Pc, N"iue oi SivoOv eeeh. isa stock shall be divided as follows il rt two classes, to-wit:
 of Preferred Capital Stock and Go or mon Capital Stock; and there sf .ed be 2500 shares amounting to S250, ,00O ne of preferred capital stock and 2 to shares amounting to s250,000.00 zee common stock.
 to EIGHTH. The power to fix