Arizona republican., 1921-05-26
Legal AdUertising

serving storing, selling and distrib- | uting water for purposes or irrigation, and for domestic purposes within the State of California, and other states within the United States. (6) To acquire, own, lease, con struct occupy or use waterworks, gas works and electric works, and tol maintain and operate the same.
 CD To acquire by purchase, sub scription or otherwise, and to hold and dispose of stocks, bonds or any other obligations of other corpora tions that are or may be subsidiary or tributary to, and that do or shall con- tribute to the objects and purposes of this corporation, foreign or domestic, now or hereafter organized; to hold for investment, or otherwise to use, sell or dispose of any stocks. bonds, or other obligations of any such cor pora tion. and while the owner of any such stocks, bonds or other obliga- tions to exercise all the rights. pow CTS and privileges of ownership there of, and to exercise any and all voting power thereon.
 (S) The purpose or business of the Company is from time to time to do any one or more of the acts and things herein set forth; and to carry on any lawful business whatsoever necessary, proper or convenient to be carried on incidental to or in eonnec- tion with any of the foregoing pur- poses.
 Without in any particular limiting any of the purposes and powers of the corporation, it is hereby declared and provided:
 (a) That the corporation shall have power to issue bonds and other obligations for it's corporate pur- poses; to mortgage or pledge any and Is,11 aF t%C ac of11 rn and future. to secure any bonds or other obligations by it's issued or in cured: to guarantee any dividends, | or bonds, or contracts, or other obh- | gations; to make and perform con l tracts of any kind and description, i and, in carrying on it's business, or l for the purpose of attaining or fur | thering any of its corporate purposes, | to do any and all other acts and
 things, and to exercise any and all | other powers which now are or here after may be permitted by law.
 (b) The corporation shall also 1 have power to exercise the right of eminent domain in any manner which may now or hereafter be allowed or
 provided by law, in the acquisition of any property or rights required by | the corporation for the purposes of 1 it's business.
 Third: The place where the prin- | cipal business of the corporation is to
 be transacted is at the building To-
 cated on the northeast corner of
 Seventh and ID" Streets, on lots | numbered Twenty-Five (22) and | Twenty three (23) of Block num-
 bered Thirty tS0) of the Town of
 Chino. in the County of San Der | nardino, State of California.
 Fourth: The term for which the
 corporation is to exist is fifty t50) | years from and after the date of its
 incorporation.
 Fifth: The number of the Board 1 of Directors of the corporation shal be nine (9). The Board of Directors for the first year shall consist of nine 1 members, and the names and resi- 1 dences of the Directors who are ap- pointed for the first year, and to serve until the election of such Directors
 and their qualifications, are as fol
 lows. to wit:
 Names, whose residence is at $. M- Kennedy, Granada Ave, Al
 hambra, California.
 | O. P. Shoemaker. 11571s Vermont | Ave, Los Angeles. Calf.
 J. A. Lighthipe. 1701 Arlington Ave.
 Los Angeles, Calif.
 I E. W. Sax, 1239. W. Fifth St., Los l Angeles. Calf.
 A. A. Maxwell, 124s Crown Hil 1 Ave, Los Angeles, Calf
 Wm. Dieterle. 237 Pasadena Ave. | Los Angeles, Calf.
 |. F. w. Balfour, Pomona, Calf. : A. E.. Morphy, 101 Paloma Ave. , Ocean Park, California.
 7 John Otto Alvarado Hotel, Lo 7 Angeles, Calif.
 } Sixth: The amount of the capita stock of the corporation is One Hun s dred Million Dollars ($10o,000,000) ] divided into One Million Q,000.000 f shares of the par value of One Hun ? dred Dollars (s100) each; of such to T tai capital stock fourty thousan :. (40000) shares, amounting to Fou :. Million Dollars ($4,0o0,000) par value y are and shall be First Preferre T stock; one hundred twenty-five thou sand 125,000) of said share: d amounting to Twelve Million Fiv e Hundred Thousand Dollars (s12,500, e 000) par value, are and shall be Sec s ond Preferred stock. and Eight Hun . dred Thirty-five Thousand (S35,000 y of said shares, amounting to Eighty t, three Million Five Hundred Thousan d Dollars (sS3. o.000) par value, al d and shall be Common stock.
 e The holders of the First Preferre
 stock shall be entitled to receiv al when and as declared from the SUI IS plus or net profits of the eorporatio s, yearly dividends at the rate of fiy d per centum (5T) per annum. I'll e dividends oEsthe First Preferred stoc
 shall be cumulative, and shall !
 payable before any dividends on tf
 Second Preferred stock or the Con y mon stock shall be paid or set apar a. so that if in any year dividend amounting to five per centum G at
 shall not have been paid thereon, u V deficiency shall be payable befol
 any dividends shall be paid upon
 set apart for the Second Preferrs x or Common stock. Whenever g
 cumulative dividends on the Fir m Preferred. stock for all previous yea r. shall have been paid, the holders ,n the Second Preferred stock shall d. entitled to receive when and as d ns clared from the remaining surplus r. net profits of the corporation, aft fy the payment of the cumulative div
 dends upon the First Preferred stoc a. yearly dividends at the rate of ii IA per centum (59e) per annum and
 more The dividends on the Seco ch Preferred stock shalf also be cum
 lative. and shall be payable befo -ic any dividends on the Common sto u- shall be paid or set apart. so that IS, in any year dividends amounting in five per centum (5qo) shall not ha
 been paid on said Second Prefer al stock, the deficiency shall be payal SC before any dividends shall be ps ,al upon or set apart for the Comm te, stock Whenever all cumulative di' 'or dends on the Preferred stock, be ds. First Preferred and Second Preferr' ith for all previous years shall have be ity paid, the Board of Directors may C es, clare dividends on the Common sto