Arizona republican., 1892-12-18

notice of the proposei adoption of articles of association having been given to eacf one Of the subscribers to said stock, do hereby adopt the following articles of incorporation:
 AETIo,KI The name of this corporation shall be the Phenix, Mt. Olive & Mesa Railway company, and its principal office for the transaction of business shall be ct the City of Phgnix, in the County of Msricopa, and Territory of Arizona, and its duration shall be fifty years from the date of the filing of these articles of incor- poratlon in the ofice of the secretary of tho Territory of Arizona.
 ARTICLE II. The capital stock of this corporation shall be one and one half million dollars, the same be ing the actual contemplated cost of construct ing the said railway. together with tho 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 at such times as the board of directors may deter mine, not exceeding ten per cent of the same per month.
 ARTICLE III. The plac,s from and to which the said pro. posed railway is to be constructed are as fol- lows, viz: Beginning at some convenient point or points within or near the City of PhB- nix, and running through, by or around the the said City of Phoenix, to some point or points in or near the town of Mesa; all of said points and the route of said proposed railway being within the County of Msricops and Territory of Arizona, and comprising length or dis tance of about twenty five miles,
 ARTICLE " The business and ai ,irs of this corporation shall be conducted by c board of five directors, who shall be elected by the stockholders of the corporation at the times and in the manner provided by the bylaws 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 directors, the incorporstois, viz.: Thomas W. Hine, Benjamin E. Lower, Bert Spencer, Warwick Scott and Charles V. Barr, shall be the direct ors ofthis corporstir m.
 ARTICLE V. The officers Of this cor poration shall be a president, president, secretary and treas urer who shall be elected by the board of di- rectors from among their nu mber, and shall hold their offices for one year, and until their successors are elected and qualified.
 ARTICLE VI. The highest amount of indebtedness 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 a vote of two thirds of its 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. In witness whereof, we have hereunto set our hands and seals, this twenty eighth day of No | 7ember, A, D. 1892.
 THOMAS W. HINE,
 Seal
 Phoenix, Arizons-5O Shares
 BENJAMIN E. LOWER,
 Seal
 Phoenix, Arizona-5O Shares.
 BERT SPENCER,
 Seal.
 Phoenix, ArizOna-j0 Shares.
 WARWICK SCOTT,
 Seal
 Phoenix, Arizona-5O Shares.
 CHARLES V. BARR,
 Seal
 Plainfeld, Ills.-5O Shares.
 TERRITORY OF RATIONAL
 County of MaricOpa. Ss Before me, F. T. Little. 6 notary public in nd for said county and territory, on this day, ersonal'y appeared Thomas W. Hine, Benja- lin K. Lower, Bert Spencer, Warwick Scott and harles V. Barr, known to me to be the same ersons whose names are subscribed to the oregoing instrument, and acknowledged to me nat they executed the same for the purpose nd consideration therein expressed. In witness whereof, I have hereunto set my and and affixed my official seal, this 2Sth day November, A. D. 1892.
 E. T. LITTLE,
 Notary Public. q lSeall