Arizona republican., 1921-05-24

Legal AdUertising

uting water for purposes or irrigation, and for domestic purposes within the State of California, and other states within the United States.
 C6) To acquire, own, lease con struct occupy or use waterworks. gas works and electric works, and to 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 poration 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 connec- tion with any of the foregoing pur- poses
 Without in any particular limiting any of the purposes and powers of the corporation, 1t 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 | l.xx, xl- | 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 i for the purpose of attaining or fur l thering any of its corporate purposes, 1 to do any and all other acts and 1 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 l provided by law, in the acquisition of i any property or rights required by | the corporation for the purposes of 1 its business.
 l Third: The place where the prin- | cipal business of the corporation is to I be transacted is at the building To- l cated on the northeast corner of Seventh and "D' Streets. on lots
 numbered Twenty-two (22) and Twenty three (23) of Block num- I bered Thirty (30) of the Town of
 Chino. in the County of San Ser 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
 of Directors of the corporation shal I be nine ts). The Board of Directors for the first year shall consist of nine
 members, and the names and resi-
 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
 S. NJ. Kennedy, Granada Ave, Al l hambra, California.
 O. P. Shoonmaker. 1157a Nermoni
 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 Crown Hil 1 Ave, Los Angeles. Caiif
 Vim. Dieterle. 2s7 Pasadena Ave.
 Los Angeles, Calif
 Il F. w. Balfour, Pomona, Calif 7 A. E. Morphy, 101 Paloma Ave 5 Ocean Park, California.
 ' John Otto, Alvarado Hotel, Lo , Angeles, Calf
 2 Sixth: The amount of the capita stock of the corporation is One Hun s dred Million Dollars (s100. .oo0. o0o) ] divided into One Million G,000.o00 f shares of the par value of One Hun ? dred Dollars ($100) each: of such to n tai capital stock fourty thousan :. (0.o00) shares. amounting to Fou ], | Million Dollars ($4000, ,000) par value y are and shall be First Preferre I stock; one hundred twenty-five thou : sand 025,000) of said sharel d amounting to Twelve Million Fiv e Hundred Thousand Dollars ($12, 300 e 000) par value, are and shall be Sec S ond Preferred stock and Eight Hun . dred Thirtyfive Thousand (s35,0oC y of said shares, amounting to Eighty t, three Million Five Hundred Thousan d Dollars (sS3,500,000) par value, al d and shall be Common stock. e The holders of the First Preferre
 stock shall be- entitled to receiv all when and as declared from the SUI IS plus or net profits of the corporatio s. yearly dividends at the rate Of fl, d per centum (5T) per annum. IT -e dividends on the First Preferred stoe
 shall be cumulative, and shall l
 payable before any dividends on il
 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 (5e,
 shall not have been paid thereon, il S- deficiency shall be payable befo
 any dividends shall be paid upon
 set apart for the Second Prefer, N or Common stock. When sver 5
 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 wheE and as c 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 fl IA per centum t5fc) per annum and
 more The dividends on the Seco ch Preferred stock shall 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 (5eo) shall not ha
 been paid on said Second Prefer al stock the deficiency shall be payal se before any dividends shall be pa ,al upon or set apart for the Comm te. stock Whenever all cumulative di' for dends on the Preferred stock. bo 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 1t- 1 payable out of any remaining Surpl