Arizona republican., 1921-05-28
Legal AdUertising

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 | purposes; and to engage generally i in the business of developing, con serving, storing. selling and distrib | ut1ng water for purposes or irrigation. | and for domestic purposes within the | State of California, and other states | within the United States.
 t6) To acquire. own lease con- l struct, occupy or use waterworks, gas | works and electric works, and to i maintain and operate the same. l CD To acquire by purchase. sub | scription or otherwise, and to hold | and dispose of stocks, bonds or any l other obligations of other corpora l tions that are or may be subsidiary or i tributary to, and that do or shall con | tribute to the objects and purposes of 1 this corporation, foreign or domestic. now or hereafter organized; to hold | for investment. or otherwise to use, sell or dispose of any stocks, bonds. | Of other obligations of any such cor 1 poration, and while the owner of any | such stocks bonds or other obliga- | tions to exercise all the rights, DOW l CTS and privileges of ownership there 1 of and to exercise any and all voting l power thereon.
 1 (S) The purpose or business of the 1 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 connec- i tion with any of the foregoing pur- 1 poses
 Without in any particular limiting any of the purposes and powers of 1 the corporation, it is hereby declared | and provided:
 l fa) That the corporation shall | have power to issue bonds and other l obligations for it's corporate pur- | poses; to mortgage or pledge any and 1 all of it's assets and income, present | and future. to secure any bonds or I other oblig ations by it's issued or in | cured; to guarantee any dividends, or bonds, or contracts, or other obli- gations; to make and perform con- | tracts of any kind and description, ] and, in carrying on it's business or for the purpose of attaining or fur thering any of it's corporate purposes. to- do any and all other acts and I things, and to exercise any and all other powers which now are or here
 after may be permitted by law | tb) The corporation shall also l have power to exercise the right of Il eminent domain in any manner which may now or hereafter be allowed or provided by law, in the acquisition oi
 any property or rights required by
 the corporation for the purposes oi
 its business.
 Third: The place where the prin-
 cipal business of the corporation is tc be transacted is at the building To-
 cated on the northeast corner oi Seventh and "D' Streets, on lots
 numbered Twenty-two (22) ant
 Twenty three (23) of Block num- bered Thirty (30) of the Town O Chino, in the County of San Der. , nardino State of California f Fourth: The term for which tn,
 corporation is to exist is fifty (50
 years from and after the date of it | incorporation.
 Fifth The number of the Boarc
 of Directors of the corporation shal | be nine (9). The Board of Director ] for the first year shall consist of nin
 members, and the names and resi-
 dences of the Directors who are ap a pointed for the first year, and to serv ] until the election of such Director
 and their qualifications, are as fol
 lows, to wit:
 Names, whose residence is at
 S. M. Kennedy. Granada Ave, Al
 hambra. California.
 o. P. Shoemaker, 1f5712 Vernon
 Ave, Los Angeles. Calf
 J. A. Lighthipe, 1701 Arlington Ave
 Los Angeles, Calf.
 E. w Sax. 123s W. Fifth St.. Lo
 Angeles, Calf.
 A. A. Maxwell, 124s sCrown Hi
 Ave. Los Angeles. Calif
 wm. Dfeterle. 237 Pasadena Ave
 Los Angeles, Calf.
 ?, F. W. Balfour, Pomona, Calf. y A. E. Morphy 101 Paloma Ave s Ocean Park, California
 VI John Otto Alvarado Hotel. Do Y Angeles. Calf
 e Sixth: The amount of the capits : stock of the corporate is One Hun s dred Million Dollars (s100.000.000 d divided into One Million G,00o.00( ,f shares of the par value of One Hun y dred Dollars (s100) each; of such to n tel capital stock fourty thousan ; 100000 shares, amounting to Foi 2 Million Dollars (s4.0O0 000) par valu y are and shall be First Preferre II stock; one hundred twenty five thou l. sand G25,000) of said share i'd amounting to Twelve Million Fi, ,e Hundred Thousand Dollars tS12. 800 'e 000) par value, are and shall be Sec IS ond Preferred stock: and Eight Hur L. dred Thirty-five Thousand (s35.00' " of said shares, amounting to Eight, t. three Million Five Hundred ThousaT d Dollars (sS3,500, ,000) par value. a Id and shall be Common stock. te The holders Of the First Preferre
 St0ck snail De entitled to fece1N ali when and as declared from the su os plus or net profits of the corporate s yearly dividends at the rate of if Id per centum t595) per annum. Fl ve dividends on the First Preferred sto,
 shall be cumulative, and shall ]
 payable before any dividends on t T Second Preferred stock or the Con tx mon stock shall be paid or set apai a. so that if in any year dividen
 4 70
 shall not have been paid thereon, t N- deficiency shall be payable befo
 any dividends shall be paid upon
 set apart for the Second Prefer IN or Common stock. When ever
 cumulative dividends on the Fiji m Preferred stock for all previous yea IT, shall have been paid, the holders on the Second Preferred stock shall d entitled to r, ceive when and as q ms c1ared from the remaining surplus IT, net profi+s of the corporation, aft fy the payment of the cumulative di'
 dends upon the First Preferred sto' a yearly dividends at the rate of ii IA per centum t5fe) per annum and
 more. The dividends on the Seco cb Preferred stock shall also be cum
 lative. and shall be payable befI ric any dividends on the Common ste Iu- shall be paid or set apart, so that ms in any year dividends amounting 1in five per centum (5Eo) shall not hs
 been paid on said Second Prefer tai stock, the deficiency shall bespaya se before any dividends shall be p