Arizona state miner., 1927-03-26


/ in Arizona is Phoenix. Offices may be
| established, business transacted and meetings
| of stockholders and directors held at such
places within or outside of Arizona the
Bylaws of the Company shall provide.
Article 1.-The general nature of the
make contracts; to purchase lease, option,
| locate or otherwise acquire, own, exchange,
sell, or otherwise dispose Of pledge. mort
gage, hypothecate and deal in mines, mining
claims, mineral lands, coal lands, oil lands.
| timber lands, clay land. water and water
rights and other property, both real and
/ personal and to work, explore, operate and
| develop the same, and to deal in the prod
| ucts and by products thereof; to purchase
lease, or otherwise acquire, erect, own,
| operate and sell smelling and other ore
| reduction works, oil refineries, saw mills,
| clay works, power plants, railroads and
| tramways to lead from the companys prin-
| cipal works; to do general manufacturing
| and mercantile business; to own, handle
and control letters patent and inventions ;
to own, cancel and reissue shares of its
| own capital Stock and to own and vote
| shares of other corporations to issue bonds,
notes and other evidences of Indebtedness
and to secure the payment of the same by
mortgage, deed OF trust otherwise; to
! act agent, trustee, broker, in any
other fiduciary capacity, and to borrow and
perform such acts and things and transact
| such business, not inconsistent with law, in
any part of the world, the Board of
Directors may deem to the advantage of
Article III.-The authorized Capital Stock
| of the corporation is one hundred thousand
| shares of seven per cent, cumulative, par
| ticpating stock of a par value of ten
dollars share and seventy-five thousand
shares of common stock of par value.
| The preferred stock shall be paid for at
| the rate of ten dollars per share and the
common stock at such price as may be
| Board of Directors. Payment shall be made
at such time as the Board of Directors may
designate, in cash, real or personal prop
erty, services, lease, option to purchase or
| any other valuable right or thing, for the
uses and purposes of the corporation, and
| all shares of Capital Stock, when issued in
| exchange therefor, shall thereupon and
| thereby become and be full paid the same
as though paid for in cash at par. and
| judgment of the Directors as to the value
| of any property, right or thing acquired in
exchange for Capital Stock shall be con con
received all the dividends to which they are
| entitled the common shares shall be entitled
| to receive seventy cents a share out of any
net earnings available for this purpose,
after which both the preferred and common
shares shall participate equally in any fur
ther distribution of dividends The pre- e
| whole or in part, at Eleven Dollars ($11.00)
a share and accrued dividends at the option
of the Board of Directors at any time after
Article IV.-The time of the commence
ment of the corporation shall be the day
these Articles filed in accordance with
law, and the termination thereof shall be
twenty-five years thereafter, with privilege
of renewal and right of perpetual success
sion provided by law.
| Article V-The affairs of this corpora
tion shall be conducted by Board of not
less than, three nor more than fifteen Dl-
rectors by whom a President and Vice
President shall be elected and Secretary
and Treasurer appointed. The Directors
shall be elected by and from among the
Stockholders on the last Monday in Janu-
4l.asI.
are elected and qualified, the following
named persons shall be the Directors and
Officers: A. R. Croft, President: G. M. King
Vice-President and Treasurer; P G. Grover.
Secretary; J. B. Lassiter, Director, and
T. T. Oster, Director; all of Birmingham
Alabama
Article VI.-The Directors shall adopt By
Laws for the government of the corpora
tion and may amend the same They shall
have power to fill vacancies occurring in
the Board from any cause. and to appoint
from among their number an Executive
Committee which, to the extent provided
by resolution by the said Bylaws, shall
have and exercise the powers granted the
Article VII.-The highest amount of in
debtedness or liability, direct or contin-
gent, to which the corporation. is at any
i exceed two-thirds of the amount OF the
capital stock.
Article VIII-~The private property of the
Stockholders of the corporation shall be
forever exempt from corporate debts of any
kind whatsoever.
Article GX-This corporation hereby ap-
points, authorizes and empowers H. R.
Tritle, of Phoenix who IS and for more
than three years last past has been bona
fide resident of Arizona, its agent, who
may accept and acknowledge service of al
necessary process processes in any ac.
ton, suit proceeding that may be hao
or brought against this company lin any OF
the Courts of said State of Arizona, sucf
service of process notice. or the accept
ance thereof by said agent endorsed there
on, to have the same force and effect as
if served upon the President and Secretary
of said Company.
In Witness Whereof, we hereto affix .oUu1l oul
HARLOW AKERs (seaI
State of Arizona
County of Maricopa,
Before me, Olive M. Fogle, a Notary
Public in and for the County and State
aforesaid on this day personally appeared
]. w. Akers and Harlow Akers, known to
me to be the persons who signed the
foregoing instrument and acknowledged tC
me that they executed the same for the
uses and purposes therein mentioned
Given under my hand and seal OF office
this 31st day of January, 1927
My commission will 8pire the 9TH day
of June, 1927.
OLIVE M. FOGLE.
| (SeaD Notary Public.
ENDORSEMENT
Arizona Corporation Commission Incor.
porating Department = Filed February l.
1927 at 1000 a. m. at request of Akers
incorporating Trust Company, whose ad-
dress is Phoenix, Arizona.
F. J.. K. MCBRIDE. Secretary.