Arizona republican., 1921-05-27
Legal AdUertising

purposes; and to engage generally | in the business of developing, con
 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.
 | co To acquire, own lease, con | struct, occupy or use waterworks, gas
 works and electric works, and to maintain and operate the same. Lx 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 i tributary to- and that do or shall con l tribute to the objects and purposes of | this corporation, foreign or domestic, now or hereafter organized: to hold l for investment, or otherwise to use. sell or dispose of any stocks.e bonds, 1 or 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, pow 1 CTS and privileges of ownership there
 of, and to exercise any and all voting | power thereon.
 l (s) The purpose or business of the 1 Company is from time to time to do
 any one or more of the acts ana | things herein set forth. and to carry | on any lawful business whatsoever necessary, proper or convenient to be 1 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, it is hereby declared and provided:
 (a) That the corporation shall
 have power to issue bonds and other obligations for its corporate pur- | poses; to mortgage or pledge any and l all of it's assets and income, present | and future, to secure any bonds or Il other obligations by its issued or in cured; to guarantee any dividends, 1 or bonds, or contracts, or other obli- gations: to make and perform con- l tracts of any kind and description, i 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 | after may be permitted by law (b) The corporation shall also have power to exercise the right of eminent domain in any manner which I may now or hereafter be allowed or provided by law, in the acquisition of | any property or rights required by l the corporation for the purposes of l its business.
 Third The place where the prin- cipal business of the corporation is to 1 be transacted is at the building To- cated on the northeast corner of Seventh and ID" Streets, on lots
 numbered Twenty-two (22) and
 Twenty (23) of Block num-
 bered Thirty (30) of the Town of
 Chino, in the County of San Ser
 nardino, State of California. r Fourth: The term for which the
 corporation 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 shal be nine (9). The Board of Directors l for the first year shall consist of nine
 members. and the names and resi-
 dences of the Directors who are ap- pointed for tic 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 l S. M. Kennedy, Granada Ave, Al l hambra, California.
 O. P. Shoemaker. 1157lk Vermont
 Ave, Los Angeles. Calf.
 J. A. Lighthipe, 1701 Arlington Ave.
 Los Angeles. Calf.
 E. w. Sax. 1239 w Fifth St, Los l Angeles, Calf
 A. A Maxwell. 124s Crown Hil
 Ave. Los Angeles. Calf.
 Wm- Dieterle. 237 Pasadena Ave.
 Los Angeles. Calif-
 , F. w. Balfour, Pomona, Calf. 7 A. E. Morphy, 101 Paloma Ave. 5 Ocean Park. California
 ' John Otto. Alyarado Hotel, Lo' 7 Angeles, Calif.
 el Sixth: The amount of the capita
 stock of the corporation is One Hun g dred Million Dollars (s100. 900, ,000) ] divided into One Million G,O00 900 f shares of the par value of One Hun ? dred Dollars (s100) each; of such to n tai capital stock fcurty thousand ;. (40.000) shares, amounting to Fou !, Million Dollars (s4,000.000) par value y are and shall be First Preferre, I | stock; one hundred twenty five thou : sand Q25,00O) of said shares q amounting to Twelve Million Fiv e Hundred Thousand Dollars ($12, 800, e 000D par value, are and shall be Sec S ono Preferred stock: and Eight Hun : dred Thirty-five Thousand (S35, 1000 y of said shares, amounting to Eighty t, three Million Five Hundred Thousan d Dollars (sS3, ,500,0 ,000) par value, ar q and shaii De Common stock. e The holders of the First Prsferre stock shall be entitled to receive anu dS oCtldl cd lIOiI lie sur $ plus or net profits of the corporatio 5, yearly dividends at the rate of fiv d per centum (5Te) per annum. Tn e dividends on the First Preferred stoc
 shall be cumulative, and shall
 payable before any dividends on tn
 Second Preferred stock or the Com y mon stock shall be paid or set apar a. so that if in any year dividend
 amounting to five per centum (5eo
 shall not have been paid thereon, tn l. deficiency shall be payable befor
 any dividends shall be paid upon (
 set apart for the Second Preferre N or Common stock. Whenever a
 cumulative dividends on the Firs n Preferred stock for all previous year = shall have been paid, the holders n the Second Preferred stock shall | q, entitled to rt ceive when and as de IS clared from the remaining surplus ( r. net profits of the corporation, afts fy the payment of the cumulative div
 dends upon the First Preferred stoc l. yearly dividends at the rate of fiN "A per centum (5To) per annum and I
 more. The dividends on the Secor h Preferred stock shall also be cunt
 lative. and shall be payable befol ic any dividends on the Common stoc l. shall be paid or set apart so that s in any year dividends amounting in five per centum (596) shall not hay
 been paid on said Second Preferrt
 H.