Arizona republican., 1918-01-02

ana while the holder or such stock to exercise all the rights and privileges of ownership, including the right to vote thereon, to the same extent as natural person might or could do.- acquire, take, hold and manage the shares of the capital stock of this cor poration as security for or in payment or satisfaction of any indebtedness obligation or liability due or owing to | it; to loan its money and rent it's | property; to borrow and hire neces- | sary money or other property; and to | issue bonds,, debentUres, or obligations | of the Company and to secure the | same by mortgage or Deed of Trust, l or pledge or lien on any or all of the real or personal property of the Com pany, and to sell or otherwise dispose of any or all of the same
 (N) To purchase, lease, exchange, hire or otherwise acquire any and all rights, privileges, permits or franchises
 suitable or convenient for any of the
 purposes of it's business; to erect and
 construct, make, improve or subscribe
 towards the construction, making and
 improvement of mills, factories, store houses, buildings, roads, docks, piers,
 wharves, houses for employees and others, and works of all kinds. (O) To make and enter into con-
 tracts of every sort and kind with any individual, firm, association, corpora | tion, private, public, or municipal body, polite, and with the Government ] of the United States or any State, | Territory or Colony thereof, or any 1 other country.
 | (P) To guarantee the payment of dividends or interest on any shares ot
 stocks, bonds, debentures, or other 1 security issued by or any contract of obligation of this CT 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 it's business
 and to have one or more offices and l to hold, purchase, lease, mortgage, and convey real and personal property in or out of the State of California, and
 in any such place or places in any of the several states or territories, colon l ial 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- l 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 ir any property, and in general to carry . on any business, whether manufactur- l 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-,on that the ob. , jects, purposes and powers specified and clauses contained in this seconC ], paragraph shall, except where other 2 wise expressed in sa.c paragraph; b, !, in nowise limited or restricted by ref e erence to or inference from tn : terms Of any other clauses of this O ? any other paragraph in this charter | but that the objects, purposes an,
 powers specified in each of the clause |, i of this para graph shah pc regarded a U independent objects, purposes an powers.
 7 THIRD, that the place where tn 7 principal business of said oorporatio T | is to be transacted, is in the City O T Los Angeles, State of California. - FOURTH. that the term for whic
 said corporation is to exist is fit
 (50) years. from and after the dat
 of it's incorporation.
 FIFTH, that the number of direc 2 tors or trustees of said corporatio IF shall be five (5) and that the name -s and residences of the directors or trus 7. tees, who are appointed for the firs H year, and to serve until the electio n and qualification of such officers. al as follows, to-wit:
 IF 1. Lyman Stewart, Los Angele # California.
 Il Il ?. E. T. Earl, Los Angeles, Cal ;s fornia.
 i9 3. w c. Loughbom, Los Angele 10 California.
 le 1. Alfred c. Stewart, Los Angele d California.
 ,1 ,. c. M. Smith. Los Angeles, Cal fornia
 d SIXTH. (A) The Corporation sha I, have no power to mortgage its re; a property, except upon the assent ,d writing first obtained of the holdel ,- of two-thirds of the issued stock, ss upon the affirmative vote of the holl ,d CTS of a majority of said stock at " meeting of the stockholders duly calle # for that purpose.
 " (B) The Board of Directors, ar as when the Board is not in session, Il Id executive committee, in addition to u st powers and authorities by statute al
 by the Bylaws expressly conferr, 1 upon them, are hereby empowered ed exercise all such powers, and to do { a. such acts and things as may be exc as cised or done by the Corpora ton, tn k are subject, nevertheless. to the pr nv vision of the statute of the chart ,s. and to any regulations that may fro
 time to time be made by the stoc
 holders; provided that no regulatio gg so made shall invalidate any provisi IS. or this charter, or any prior acts of t K Directors or executive commit ms which would have been valid if su of regulations had not been made h. co There shall be an -Executi
 Committee of three members, who sh all be elected by the Stockholders fire re the Directors and hold office as her IT. matter provided. The said commit lal shall have and exercise all the powe he expressly conferred upon it by Il Ter Certificate of Incorporation, and al he all the powers of the Board of Dire h. tors whenever a quorum shall fail
 be present at any stated or other me, or ing of the Board, and as well at all times whenever the Board shall not st. in session, and shall have power ds. affix the seal of the Corporation to rty papers which they may deem to to quire it.
 of The officers of the committee sh
 be Chairman, a Vice Chairman a ac- a Secretary, who shall hold office al rk. ing the term of their office as me or bers of the committee, and shall as elected by the stockholders. ate At all meetings of the committee, the questions snail be decided by a ate jority of votes
 md The stockholders shall, at their fl
 meeting, elect by ballot the said co nnittea of three mem hers. from tho