Douglas daily dispatch., 1927-08-23
LEGAL NOTICES.


bonds, coupons, mortgages deeds of
trust, debentures, SECURITIES, obllga-
tions, evidences of indebtedness, notes,
good will, rights assets and property
of any and every kind, or any part
thereof, Of any other corporation or
corporations, association or aSSocia-
tions, together With shares, rights,
units or interest in or i'll respect OF
any trust estate, now or hereafter
existing, and whether created under
the laws of Arizona, or OF any other
State, and to operate, manage ana
control such properties or any OF them,
either in the name of such other cor
poration or corporations or III the
name of this corporation, and while
owners of any of said shares OF capital
stock, to exercise all the rights, pow
erS and privileges Of ownership OF
every kind and description, including
the right to vote thereon, with power
to designate some person or persons
| for the purpose from time to time, and
to the same extent as natural persons
might or could 90.
(f) Subject only TO the limitation
hereinafter expressed to mortgage,
pledge, hypothecate or otherwise en-
cumber any and all property OF the
corporations, whether real or personal,
and whereSoever the same may be
situated.
,g) To guarantee the payment OF
dividends or interest and OF the par
amount or principal on any shares OF
stock, debentureS, bonds, promisSory
notes. or other securities issued by this
corporation, or by any other person,
! firm or corporation, or on any con-
! tract or obliagtion of any corporation,
firm or individual whatever, which may
! be proper or necessary for the business
of this corporation.
/ (h) To lend and advance money or
give credit to persons, firms or cor
porations and on such terrs as may
seem eXpedient, and i'll particular 10
customers and others having dealings
with the company and to give guar
antee or become surety for any such
persons. firms or corporations.
! .G) To issue bonds, debentures or
obligations of this corporation from
time to time for any of the objects or
purposes Of the corporation and sub
iect to the lirnitatio1s hereinafter ex-
pressed, to secure the same by mort
gage, pledge, deed of trust or other
wise.
Cd To transact the business afore-
said, or any branch of such business
and to promote or conduct any OF the
objects or purposes aforesaid, and TO
exercise all of the powers hereinbefore
set forth or any OF them, both without
as well as within the State of Arizona
and in any part of the world, and to
have one or more offices outside OF
said State.
OS) In addition to the business,
objects and purposes herelnpeIore SeC
forth, to do anything necessary, suit
able, useful, eXpedient or convenient
for the carrying On OF any OF SAID
business, or for the accompanlShmenC
} of any object or purpose, or the eXer-
else of any power hereinbefore set
forth, or which at any time shall ap-
pear to be beneficial to the corpora
ton in connection herewith; and TO
do any and all Of the things above set
forth. either alone or jointly with the
others, and either as principal Tor It's
own account or as the agent OF others
and to the same extent and as fully
as a natural person might or could &c
, in the State of Arizona, or elsewhere
The purposes and objects expressed
in the several clauses hereinbefore sci
I forth shall be construed both as pur-
| poses and objects and also as powers
i and the statements contained in each
clause shall be in no wise limited OF
restricted by reference to or inference
J from the terms of any other clause.
ARTICLE III.
/ The amount of the total authorized
capital stock of the corporation, Is
; Eighteen Hundred (1800) shares OF
common capital stock, without nom
inal or par value, and One Hundred
Eighty Thousand and no-100 ($18O,-
S 100000 Dollars, divided into seven pei
l cent (7G6) preferred shares OF the pal
value of One Hundred and no-1Ot
: ($100.OO) Dollars, each.
$ Said stock may be issued when ane
' from time to time as the Board of Di-
: rectors shall determine, and may b'
: issued, sold or otherwise disposed o.
| upon such terms and conditions anC
fer such consideration or considera'
: tions as the Board of Directors shall
1 by resolution, from time to time pro-
: vide.
1 The holders of the preferred stool
e shall be entitled to receive when ant
i as declared, out of the surplus or ne
], profits of the corporation, dividend
/ at the rate of seven per cent (7%o
S per annum and no more, from th
respective dates when it shall be is
e sued, payable annually or oftener, a
d such times as may be fixed by tn
b Board of Directors.
e The dividends on the preferred Stocl
y shall be non-cunulative until Jul!
d 1, 1881, and cumulative thereafter ant
y shall be payable before any dividend
It on the common stock shall be pail
d or set apart for payment.
/, Whenever, during any calendar yea
e prior to the first day of July, 1881
t, dividends to the amount of seven pc
r cent (73d) have been declared an
II shall have been paid, or set apart TO
2 payment, the Board of Directors ma
n declare dividends on the common stoc
n payable then or thereafter, out of an
& remaining surplus. or net profits of tn
: corporation.
: All surplus or net profits remainin
il after the aforesaid seven per cen
n (7f6) non-cumulative dividends hav
r.. IL 1. IL