Arizona republican., 1921-05-25
Legal AdUertising

l in the business of developing. con- | 1 serving, storing, selling and distrib- uting water for purposes or irrigation, l and Tor domestic purposes within the
 State of California, and other states
 within the United States.
 l t6) To acquire, own. lease, con | struct. occupy or use waterworks. gas 1 works and electric works, and to maintain and operate the same. 1 CD To acquire by purchase, sub | | scription or otherwise, and to hold | and dispose of stocks, bonds or any | other obligations of other corpora l tions that are or may be subsidiary or l tributary to. and that do or shall con- l 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, | or other obligations of any such cor | poration, and while the owner of any | such stocks. bonds other oblfga l tions to exercise all the rights, pow CTS and privileges of ownership there | | of, and to exercise any and all voting power thereon. l (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 l on any lawful business whatsoever necessary. proper or convenient to be
 
 ton with any of the foregoing pur- poses.
 l 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 all of it's assets and income, present
 and future, to secure any bonds or ! other obligations by its 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 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 Il after may be permitted by law. (b) The corporation shall also 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 5 it's business.
 Third: The place where the prin- ; cipal business of the corpora ton is to l be transacted is at the building To-
 cated on the northeast corner of } Seventh and ID" Streets, on lots
 numbered Twenty-two t22) and
 Twenty three f23) of Block num- 2 bered Thirty (30) of the Town of Chino, in the County of San Der ] nardino. State of California. f Fourth: The term for which the
 corpora tion is to exist is fifty (50)
 years from and after the date of its
 incorporation.
 Fifth: The number of the Board
 of Directors of the corporation shall be nine (9). The Board of Directors J for the first year shall consist of nine
 members, and the names and resi-
 dences of the Directors who are ap- a 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 al
 $. NJ. Kennedy. Granada Ave, Al
 hambra, California.
 o. P. Shoemaker. 11571z Vermont
 Ave. Los Angeles. Calif.
 J. A. Lighthipe, 1701 Arlington Ave,
 Los Angeles, Calf.
 E. w. Sax. 12S9 W. Fifth St. Los Angeles, Calf.
 A. A. Maxwell. 124s Crown Hill
 Ave. Los Angeles Calf.
 Wm. Dieterle 237 Pasadena Ave,
 Los Angeles, Calf.
 ?, F. W. Balfour. Pomona, Calif. y A. E. Morphy, 101 Paloma Ave. s Ocean Park, California.
 VI John Otto, Alvarado Hotel. Los y Angeles, Calf.
 Q Sixth: The amount of the capita F stock of the corporate is One Hun s dred Million Dollars (s100,000,000) d divided into One Million 1,00o,000, ,f shares of the par value of One Hun -.l- n tai capital stock fourty thousand ;. (40.000) shares, amounting to Foul 2 Million Dollars (s4 900 00o) par value y are anda shall be First Preferred 1T stock; one hundred twenty five thou r. sand 025.000) of said shares i'd amounting to Twelve Million Pivt SC Hundred Thousand Dollars fs12,500, re 000) par value, are and shall be Sec rs ond Preferred stock: and Eight Hun T. dred Thirty five Thousand (S35,o00 y of said shares, amounting to Eighty It, three Million Five Hundred Thousan' I'd Dollars (s83,500,000) par value, ar sd and shall be Common stock. te The holders of the First Preferre,
 stock shall be entitled to receive al when and as declared from the sur os plus or net profits of the corporation IS, yearly dividends at the rate of fiv Id per centum (5E) per annum. Tn ve dividends on the First Preferred stoc
 shall be cumulative, and shall b
 payable before any dividends on th
 Second Preferred stock or the Com ty mon stock shall be paid or set apart ia. so that if in any year dividend
 amounting to five per centum (59o
 shall not have been paid thereon, tn N- deficiency shall be payable befor
 any dividends shall, be paid upon c
 set apart for the Second Preferre IN or Common stock. Whenever a
 cumulat tive dividends on the Firs m Preferred stock for all previous year IT, shall have been paid, the holders ( on the Second Preferred stock shall b .d entitled to r, ceive when aiad as de ms clared from the remaining surplus ( IT, net profits of the corporation, aftC fly the payment of the cumulative div
 dends upon the First Preferred stocl IA per centum (5fc) per annum and I
 more The dividends on the Secon oh Preferred stock shall also be cunt
 lative, and shall be payable befol ric any dividends on the Common stoC u- shall be paid or set apart. so that ms. in any year dividends amounting lin five per centum (59s) shall not haN
 been paid on said Second Preferrt al stock the deficiency shall be payab se. before any dividends shall be pa cal upon or set apart for the CommC te. stock. Whenever all cumulative div for dends on the Preferred stock. bot ds First Preferred and Second Preferre ith for all previous years shall have be-