Arizona republican., 1892-12-23
Dr. Ancil Martin, diseases eye, e., nose throat especially. Glasses fitted Articles of Incorporation Phoenix, Mt Olive ( Mesa RalVu
 Company.

company.
 We, Thos. W. Hine. Benjamin K. Lower, Bsr, Spencer, Warwick Scott end Charles V. Bar, the undersigned, being subscribers to the stocl of the contemplated railway hereinatt,, named, and being desirous to incorporate fo, the purpose of constructing, owning, msintsin. ing and operating said railway, under the p,o. visions of chapter five, of title XII, of the Rs vised Statutes of the Territory of Arizona, and stock to the amount of at least one thousans dollarA per mile of said contemplated railu, having been subscribed, and at least five day. notice of the proposed adoption of articles ., association having been given to each one ftbe subscribers to said stock, do hereby adopt tbp following articles of incorporation:
 AETIcLs I.
 The name of this corporation shall be tb. Phanix, Mt. Olive & Mesa Railway company and its principal office for the transaction oi business shall be at the City of Phoenix, in tbs County of Maricopa, and Territory of Arizona and its duration shall be fifty years from thp date of the filing of these articles of ineo, poration in the office of the secretary of tho Territery of Arizona.
 ARTICLE II.
 The capital stock of this corporation shall D. one and one half million dollars, the same be- ing the actual contemplated cost of construc, ing the said railway. together with the cost of the right of way, motive power. equipment and necessary appurtenances for the completion and operation of said railway, according to the estimates of competent engineers, which said capital stock shall be divided into fifteen thou sand shares of the par value of one hundred dollars each, and the same shall be paid in al such times as the board of directors may deter mine, not exceeding ten per cent of the same per month.
 ARTICLE III.
 The places from and to which the said pro. posed railway is to be constructed arc as fol. lows, viz Beginning st some convenient point or points within or near the City of Pho. nix, and running through, by or around the the said City of Phoenix. to some point or point in or near the town of Mesa; all of said points and the route of said proposed railway being within the County of Maricopa and Territory of Arizona, and comprising length or dis. tanee of about twenty-five miles.
 ARTICLE " The business and affairs of this corporation shall be conducted by board of five director, who shall be elected by the stockholders of the corporation at the times and in the manner provided by the by ylsws ofthe corporation and shall hold their office for one year, and until their successors are elected and qualified, and until the first annual election of said dlreetou, | the ineoEporatoIs, viz.: Thomas W. Hine, Benjamin E. Lower, Bert Spencer, Warwick Scott and Charles V. Barr, shall be the direct ors ofthis corporation.
 ARTICLE V The officers of this corporation shall be , president, vice-president, tecretary and treas. urer, who shall be elected by the board of di. | rectors from among their number, and shall hold their offices for one year, and until their successors are elected and qualified. ARTICLE VI. The highest amount of inde btedne1 to which this corporation Is at any time to sub ject itself is the sum of one million dollars
 ARTICLE VII. | The stockholders of this corporation and their private property shall be exempt from the debts of the corporation. ARTICLE VIII. These articles of incorporation may be amended at any time by vote of two-thirds of fits stock, or by vote of three fourths of its directors, at any general or special meeting called for that purpose, in any manner noT in. consistent with the general incor poratiOn laws of this territory.