Douglas daily dispatch., 1927-09-27
LEGAL NOTICES.

bonds, coupons, mortgages deeds OF
trust, debentures, securities, obliga-
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 in 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 and
control such properties or any of them,
either in the name of such other cor
poration or corporations or in 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 do.
e. Subject only to the limitation
hereinafter expressed, to mortgage,
pledge, hypothecate or otherwise en-
cumber any and all property of the
corporation, whether real or personal,
and wheresoever the same may be
| situated.
lg) To guarantee the payment of
dividends or interest and of the par
amount or principal on any shares of
stock, debentures,g bonds, promlssory
notes. or ocher 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 terms as may
seem expedient, and in particular to
customers and others having dealings
| with the company and to give guar
antee or become surety for any such
persons, firms or corporations.
ID To issue bonds, debentures or
obligations of this corporation from
time to time for any of the objects or
purposes Of the corporation, and SUBJ
ject to the limitations 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.
(k) In addition to the business,
objects and purposes hereinbefore set
forth, to do anything necessary, suit
able, useful, expedient or convenient
for the carrying on of any of said
business, or for the accompa punishment
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 for its
own account or as the agent of others
and to the same extent and as fully
as natural person might or could do
in the State of Arizona, or elsewhere.
The purposes and objects expressed
in the several clauses hereinbefOre set
forth shall be construed both as pur-
poses and objects and also as powers,
and the statements contained in each
clause shall be in no wise limited or
restricted by reference to or inference
from the terms of any other clause.
ARTICLE III. :.
The amount of the total authorized
capital stock of the corporation, is
Eighteen Hundred (1S0O shares of
common capital stock, without nom
i11al or par value, and One Hundred
Eighty Thousand and no-100 $780,
100000 Dollars, divided into seven per
cent (7a6) preferred shares of the par
value of One Hundred and no-100
($10O.00) Dollars, each.
Said stock may be issued when and
from time to time as the Board of Di-
rectors shall determine, and may be
issued, sold or otherwise disposed of
upon such terms and conditions and
for such consideration or considers
tionS as the Board of Directors shall,
by resolution, from time to time pro-
vide.
The holders of the preferred stock
shall be entitled to receive when and
as declared, out of the surplus or net
profits of the corporation, dividends
at the rate of seven per cent (79o)
per annurn and no more, from the
respective dates when it shall be is
sued, payable annually or oftener, at
such times as may be fixed by the
Board of Directors.
The dividends on the preferred stock
shall be n-cumulative until July
1, 1881; and cumulative thereafter and
shall be payable before any dividends
on the common stock shall be paid
or set apart for payment.
Whenever, during any calendar year
prior to the first day of July, 1881, |
dividends. to the amount of seven per
cent (7%) have been declared and
shall have been paid, or set apart for !
payment, the Board of Directors may
declare dividends on the common stock !
payable then or thereafter, out of any
remaining surplus or net profits of the |
corporation
All surplus or net profits remaining
after the aforesaid seven per cent /
(7fe) non-cumulative dividends have
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