Arizona sun., 1955-09-02

hereinafter set forth, and to convey,
SELL assign, transfer, lease mortgage,
pledge, exchange or otherwise dispose
|of any of such property, subject to
| the provisions of law the company
may purchase or otherwise acquire,
l11ld anu reissue the shares of its cap
ital stock, bonds, debentures, or other
securities issued or created by any
other corporation and to act as an in
corporator of other corporations; to
enter into partnership or into any ar
rangement for sharing of profits,
union of interest, cooperation, joint
adventure, reciprocal concession or
otherwise, with any person or COM
pany carrying on or engaged in or
about to carry on or engage in any
business or transaction which the
company is authorized to carry on or
engage in or any business or trans
action capable of being conducted so
as directly or indirectly to beneflt the
company; and to lend money to, guar
antee the contracts of, or otherwise
assist any such person or company,
and to take or otherwise acquire
shares and securities of any such
company, and to sell, hold, reissue,
wise deal with the same; to promote
any company or companies for the
purpose of acquiring all or any OF
the property and liabilities of the
company, or for any other purpose,
which may seem directly or indirectly
these articles of Incorporation may
be amended at any regular meeting
| of the stockholders, or at a special
meeting called for that purpose, by a
majority vote of the capital stock
of the corporation having a right to
vote at stockholders meetings.
ARTICLE V
The corporation shall be authorized
to issue Ten Thousand Shares QO,OOOl
mon stock and Ninety Thousand
Shares (9O,O0O) of One Dollar ($1.00)
par preferred Stock which said pre-
ferred stock shall have the following
preferences and restrictions:
Q) 1t will not be allowed to vote at
any stockholders meeting.
| (2) It will receive dividends up to
and including six percent (696) of it's
par value in each corporate fiscal
year before the board will be author
lied to declare any dividend to the
common stock of this corporation,
and it shall not receive any dividend
in excess of such six percent (69o),
provided dividends can be lawfully
declared.
60 Upon dissolution of the corpora
ton, the holders of the preferred
stock shall receive the par value
thereof before any assets will be all
/ lowed to be distributed to the hold
ers of the common stock of the cor
poration.
The capital stock of the corpora
| ton may be issued from time to time
at the direction of the Board of Di-
rectorS upon the corporation receiving
full consideration in money, property
or services and the determination of
the board as to the value of any
property or services received by the
corporation shall be conclusive upon
all persons. Upon the issuance of any
stock of this corporation, the same
shall thereupon become fully paid and
nOnaS SSeSSable.
ARTICLE VI
The time of the commencement of
| this corporation shall be the day of
| the issuance to it of a certificate of
incorporation by the State of Arizona,
and the time of it's termination shall
be Twenty Five (25) years after such
date, with the privilege of renewal
of the corporate existence as provid-
ed by law.
ARTICLE VII
| The affairs of this corporation shall
be conducted by a Board of Directors
consisting of not less than Three
60 members or more than Nine (9)
members and by such officers as the
Board of Directors may from time to
time elect, appoint or designate pur-
suant to the Bylaws of the corpora
tion. Such directors shall be elected
ANNUALLY by the stockholders having
a right to vote at a meeting of such
stockholders to be held on the last
Wednesday in June of each calendar
year provided, however, if this date
shall fall upon a legal holiday the
meeting shall be held on the next
succeeding business day. Directors
shall hold office until their successors
are elected and have qualified. Until
the first election of directors and un-
til the successors are elected and have
qualified, the following named persons
shall serve as directors of this cor
Iporation, to wit: