Williams news., 1921-06-17
Sixta- To acquire by pur-

dispose of, the stocks, bonds,
 notes or evidence of indebted
 ness of any person or corpora ton, including this corporation.
 Seventh: To do any and all things that a natural person
 could do that are in any wise connected with or incidental to any of the foregoing enumerat- ed powers.
 ARTICLE W
 The capital stock of this cor poration is hereby fixed at Two Hundred Fifty Thousand 25O,OOO.0O) Dollars, divided into Two Thousand Five Hun dred shares of the par value of One Hundred ($1OO.OO) Dol lars each. At such times as the Board of Directors may by res olution direct, said capital stock shall be paid into this cor poration, either in cash or by the sale and transfer to it of real or personal property, con- tracts, services, or any other value, right or thing, for the use and urposes of said corpora ation, in payment for which shares of the capital stock of | this corporation may be issued. and the capital stock so issued shall thereupon become and be fully paid up and non-assess- able forever, and in the absence of actual fraud in the transac- ton, the judgment of the Direc- tors as to the value of the pro- perty purchased shall be con- elusive.
 ARTICLE V
 The time of the commence ment of this corporation shall be the date of the filing of ,hese Articles of Incorporation n the office of the Corporatin Commission of Arizona, and he termination thereof shall be twenty-five years thereafter, with the privilege of renewal ls provided by law. I
 ARTICLE VI 7
 The affairs of this corpora ( ion shall be conducted by a ( Board of Directors consisting . f not less than three nor more | han nine directors, and such 1 ficers as the directors may :, lect or appoint, and until oth- z rwise changed by bylaws to [. e adopted, there shall be five T irectors, and the following :, amed shall constitute the r oard of Directors until their z 1ccessors are elected and have ualified: r J. B. Tooker, DD D R. A. Nickerson, r r H. H. Pitkin, nn, n J. E.. Shirley,
 c. E. McKinstry.
 hereafter the Board of Direc- n, ITS shall be elected from :" nong the stockholders at the lnual stockholders meeting
 be held on the second Mon ', ay of January of each year. The names of the officers ho shall have charge of the MT affairs until their sue N ssors are elected and have r. ps lalified, are F. J. B. Tooker, President, oe H. H. Pitkin. Vice-President, h; e; and R. A. Nickerson, Secre- P, D,
 tary and Treasurer. d,.
 ARTICLE VII or The Board of Directors shall Er we power to adopt and at 1end bylaws for the govern in, ent of the corporation, to fill Al cancies occurring in the Board tic om any cause, and to appoint Ra
 executive committee and SCI st said committee with such fol wers as they may determine.
 ARTICLE VIII WI The highest amount of in- S. btedness or liability, direct fec contingent, to which this cor w ration shall be subject at any the ? time shall be One Hundred 15' .ty-six Thousand t166, ,000.- s. Dollars. to
 ARTICLE TX 3S The private property of the l. and officers of this : 'poration shall be exempt cla m all corporate debts of any sur d whatsoever. lod
 ARTICLE X The entire property and as- Ss 8 of this corporation may be AT,