The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-10-15


has hereunio set It, hand and affixed Ia
official Seal. Done at the City Of Phoenix.
1870.
ARIZONA CORPORATION COMMISSION.
tsea) n. y. JOHNSON.
Vice Chairman.
Attest, A. L. sTELzER,
Secretary.
ARTICLES OF INCORPORATION
CRY ELECTRIC RAILWAY COMPANY.
KNOW ALL MEN by THESE PRES.
ENrS that we, the undersigned residents Of
ne City Of Albuquerque and State Of NeN
Mexico, whose postoffiee addresses are Al
buquergue, New Me1ieo, nave this day us
Isolated ourselves together Tor TIE pur-
pose Of forming a corporation under and
pursuant TO tho laws Of tho state Of Ari'
1onn, and for that purpose do hereby adopt
Articles OF lneorpersilSn q, follows
The name Of the corporation shall be
CITY ELEClRIC RAILWAY COMPANY.
ARTICLE II.
corporation shall 30 in The City Of Phoenix.
County Of MuricopH, state Of AriEonh, aud
the corporation may ct Any time establish
such other place or places Of business and
offices either within or without tho STATE
Of AriIons ss the directors may determine
NJ any Of which offices its books may b,
kept. all meetings Of stockholders and direo
tors may be held. and other business trans.
acted.
ARTICLE III.
Tho general nature Of the business pro
posed TO be transacted is as follows:
To handle She transportation Of pnsaen
gers, freight, mail and express by any mean.
whatever; 10 buy. build, construct. maintain
own, equip, operate. lease. conduct ant
carry on . street, railway transportation
Syttem for said purposes; to acquire operate
and dispose Of franchises; to buy, build
construct, maintain, own. equip, operate ane
conduct amusement parks; To buy, build
cGhtfucti maintain. own, equip, operate
conduct and carry on = power plant for th'
manufacturing and generating 81 oloctricit,
10 be used by the said corporation for ~
own purposes, or TO be sold for lighting
powcf and other purposes 10 the public: tt
borrow money to issue and sen its bonds
any and nll Of It, properties; 10 purchase
hold, sell, mortgage md deal IN real estate
to buy. sell end deal ~ stocks, bonds ans
other property, and to do any and all thing
necessary or beneficial to It's business an'
ARTICLE ".
The authorized mount Of capital stock o.
this corporation shall be One hundred Fiftl
Thousand Dollars (si6O. 0oO.O0l, divide'
into one hundred fifty thousand (l5O.000
sharcs Of the par value Of One Dollar (Sl.OOl
! each, said stock 10 be divided into scvcnt,
five thousand 100000 shares o. common
stOtk and sevcnty.fivc thousand 600
shares Of preferred stock. AZ such tharI
A. the Hoard Of Directors mny by resolution
direct, said capital stoek shall be paid int
This corporation either In cash or by tn
sale aud transfer TO u Of real or persona
! property, contracts, scrviecS, or amy otheI
| valuable right or thing for the uses an
purpose OF said corporation, in payment 10
which shares OF the capital stock Of sal,
corporation may be issued, aud the capita
stock 40 issued shall thcreupon aud thcrrb,
become aud be fully paid up anu non-aSscss
alac, and In the absence OF actual fraud II
the Transaction. the judgment Of the direc
HAMI HH NA uN. NuNUa 90 NA. 80 aa.M
cla,cd. or services rendered, Shall he con
elusive.
The relative rights Of the Two classes o
stock shall be % follows.
ta) Owner Of preferred stock shall hav
no voice In the management Of the corpora
ton.
90 Owners Of oommon stock shall be en-
titled TO participate In all stockholders
m~ectingS and 10 EAST one vote for each Hhan
Of common stock recorded on the books .
the corporation IN the name Of the owner.
lol Owners Of preferred stock shall b.
entitled TO receive In each year on such dat
or dates - the Board Of Director may de
termine, dividends hggregnting not owe
eight per cent; said dividends being pnyHbll
exclusively out Of the net profits earned By
the corporation during the preceding year
said diyidends shall be non-eunuiaiive.
(d) OwncrA Of common stock shall be en-
titled to receive dividends on such date o.
dates sud Of such amounts as the Board o
"NH N'NhNHH AAhA h'AA
peyahle out Of tho net profits and aceumn
lated surplnses Of the company, but no diyi
bends shall be paid on the common stool
unless and until dividends have been dc
elared in that year payable to the owner
Of the preferred stock 81 the rate Of eigh
per rent.
te) In the event Of the liquidation Of tn
Evaporation and after all Just debts are paid
the preferred stockholders shall be first IN
titled 70 receive the face value Of their stool
IN cash out OF the assets Of the company
sud the balance Of the assets Of the corpora
ton, II amy. shah be distribnted pro rat
20 tho owners Of common stock In accord
anec with their holdings.
ARTICLE vi.
The time Of the commencement Of thi
corporation shall be tho date of the issuanol
TO II by tho Arizona Corporation Commits
sior Of . certificate Of Incorporation. AMI
the termination thereof shall he twenty. fivl
1881 years thereefter. with tho privilege
Of renewal, as provided hy law.
ARTICLE VII.
The affairs Of this corporation shall h
conducted by q Board Of Directors, and tn
| following named shall constitute the Boar