Arizona republican., 1896-03-05

proposed to be transacted by said corporation is that of manufacturing, constructing, build ing and selling elevators and lifting machinery and lifting power for mines and buildings and to borrow and loan moneys as may be required in the transacting of their said business, and to
 buy and to sell real or personal property as the same may be required in the transacting of their said business. and to use in the transac-
 tion of said business various systems and pa-
 tents and patent rights, and more particularly
 the Parkinson system for the manufacture of elevators and lifting power and said corpora
 tion shall have the power 10 buy, sell, lease,
 own and enjoy patent rights and other devices
 used or to be used in their said business, and to
 adopt other and different systems whenever it
 shall seem convenient and necessary in order
 to accomplish the said purposes for which the
 said company is incorporated. And in the
 transaction of their said business to mortgage,
 hypothecate or pledge its fran ,hises and
 property. real, personal or mixed, to secure the
 payment of money borrowed or other1ndebted-
 ness, and to have and exercise all and every of
 the business above mentioned or necessarily in-
 cluded in those mentioned, or to effect the
 purposes of said corporation, and to adopt and use seal in the transaction of its business. THIRD. The amount of Capital Stock author ized to be used by thus corporation shall be One
 Million Dollars, divided into shares of the par value of One Hundred Dollars each, ten per
 cent of which is paid in in cash at the time of filing these articles, and the times when the remainder of said Capital Stock shall be paid in are five per cent of said Capital Stock when ordered by the Directors of this corporation, and 1t is not expected that more shall be re- quired, but additional payments of Capital Stock shall be made at such tim es as the stock
 holders may hereafter agree upon.
 FOURTH. That the time of commencement of this corporation shall be February twenty fifth, 1896, and the term of it's existence shall be twenty five years
 , FIFTH. The Officers of said corporation shall be Board of Directors consisting of five mem- bers. one of whom shall be president and the other officers of said corporation shall be @ secretary and general business manager, but the office of president and general business manager may be filled by one and the same | person, also a treasurer. The treasurer may be q corporation and need not be a shareholder. All other officers an directors shall be share | holders. All officers of this corporation are to
 be elected annually on the twen,y-ffth of February. The officers of said corporation for the first year shall be: pr. H. W. Westlake, President; John Parkinson, General Manager; Henry T. Hazard, Secretary; The National Bank of California, situated at the city of Los Angeles, California, Treasurer, and the Direct ors shall be Dr. H. w Westlake, John J. Der | gin, John Parkinson, W. c. Cogswell and Hen ry T. Hazard.
 | SIXTH. The highest amountof indebtedness or liability to which the corporation shall be subjected is $25O0O0. .00.
 SEVENTH. The private property of the stock
 holders of this corporation shall be exempt | from liability for corporate debts.
 EIGHTH. Owing to the nature of the business | of this corporation. especially in the making, | building and operating elevators, it will be | necessary and it is intended that 8 large | amount of the business of the corporation will | be transacted in other States and Territories of
 the United States, other than the Territory of
 Arizona, and it is the intention to exterd the operations of this cor poration in it's said busi- | ness to any and all the States and Territories where opportunities for such business may offer, and that meetings of the Board of Direct
 ors of said corporation may be held beyond the
 limits of said Territory as the necessities ot
 the corporation may indicate or require. | NINTH. The Board of Directors shall have
 power to make such prudential by laws as they
 may deem proper for the management of the 1 affairs of this corporation, not in conflict witt | the laws of the Territory of Arizona Or of tht
 United States