Arizona republican., 1918-01-03

stocks, bonds, debentures, or other | security issued by or any contract of obligation of this or any Corporation | whenever proper or necessary for the business of this Corporation in the l Judgment of it's Directors. To conduct and perform any part of its 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 of 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 10 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 of 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 to 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 inten.son that the ob- Jects, purposes. and powers specified and clauses contained in this second paragraph shall, except where other wise expressed in sa.d paragraph be in nowise limited or restricted by ref erence to or inference from the | terms Of any other clauses of this or any other paragraph in this charter, but that the objects, purposes and powers specified in each of the clauses of this paragraph shah. oe regarded as independent objects, purposes and | powers
 THIRD, that the place where the principal business of said corporation | is to be transacted, is in the City of Los Angeles, State of California. FOURTH, that the term for which said corporation is to exist is fifty | (50) years, from and after the date | of it's incorporation.
 | 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 trus- ! tees, who are appointed for the first year, and to serve until the election and qualification of such officers, are as follows, to-wit:
 1. 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.
 5. c. NJ. Smith, Los Angeles, Cali fornia
 REGULATIONS & LIMITATIONS SIXTH. (A) The Corporation shal
 have no power to mortgage it's req property, except upon the assent 1T writing first obtained of the holder.
 of two,-thirds of the issued stock, ol
 upon the affirmative vote of the hold,
 CTS of a majority of said stock at {
 meeting of the stockholders duly called
 for that purpose.
 | (B) The Board of Directors, anC
 when the Board is not in session, tn,
 executive committee. in addition to thu
 powers and authorities by statute ant
 by the Bylaws expressly conferre,
 upon them. are hereby empowered t
 exercise all such powers, and to do al
 such acts and things as may be exer
 cised or done by the Corporation, tha
 are subject, nevertheless, to the pro
 vision of the statute, of the charte and to any regulations that may fror i! time to time be made by the stock
 holders; provided that no regulation
 so made shall invalidate any provisio
 of this charter, or any prior acts of tn
 Directors or executive committe
 which would have been valid if sue
 regulations had not been made.
 co There shall be an Executiv
 Committee of three members. who sha be elected by the Stockholders fror
 the Directors and hold office as here matter provided. The said committe
 shall have and exercise all the power expressly conferred upon it by thl Certificate of Incorporation. and ais , all the powers of the Board of Direc . tors whenever a quorum shall fail {
 be present at any stated or other meet
 ing of the Board, and as well at a times whenever the Board shall not | c in session, and shall have power { }, affix the seal of the Corporation to a : papers which they may deem to re 2 quire it.
 !. The officers of the committee sha
 be Chairman, a Vice Chairman an
 a Secretary, who shall hold office dur 7 ing the term Of their office aS mem !. bers of the committee. and shall 1 I elected by the stockholders. At all meetings of the committee. a &questions shall be decided by a ma :, jority of votes
 The stockholders shall at their fir
 meeting, elect by ballot the said con mittee of three members from the d
 rectors elected at such meeting ar x shall also elect the said officers ther, d of
 At every annual meeting after Il
 first meeting, whenever the term
 office of any member or officer of u V committee shall expire, the stockholt
 CTS shall elect successor. Any men $ Der of the committee may be elected
 succeed himself.
 it Any directors are eligible to electiC
 as a member of the Executive Commi
 tee.
 The term of office of each memb I. of the committee shall be co-extensi' m with the term of his office as DirectC - Any member of the committee WI
 shall cease to be a Director of u
 Company shall ipso facto cease to :, a member of the committee. lu All vacancies in the Executive Con ie mittee shall be filled for the unexpir p term from the Directors by vote
 the Directors.
 SEVENTH, that the amount of al -> thorized capital stock of the said co D poration is s500.000.00 and that t ?. number of shares into which sa ,r capital stock is divided is 5000 shar . of the par value of $100.00 each.
 That the said authorized capit
 stock shall be divided as follows in two classes, to-wit:
 Preferred Capital Stock and Cor
 mon Capital Stock; and there sh; Y be 2500 shares amounting to S25O,0O0.
 of preferred capital stock and 20
 shares amounting to s25o,ooo.O0 ~ common stock.
 n. EIGHTH. The power to fix [ i5. amount to be reserved as worhi If capital for the corporation is here