Arizona republican., 1896-11-25


 ona. and the time of the commencement of this corporation shall be the day of the filing of these Articles, in the office of the County Recorder of the County of Maricopa, Territory of Arizona, and the termination thereof shall be twenty-five (25 years thereafter.
 II.
 The eL terprise, pursuit, business and occu- patton in which this corporation propo>es to engage is that of acquiring by purchase and any other lawful manner, real estate, lands and ali other kinds of property, real, personal end r'iX"d' h"-rowIrg and loaning rroner. as principal and as agent for others, and doing general real estate and money brokerage busi- ness, and transactng any and all kinds of busi- ness incident thereto; leasing, buying and sell Ing, .discounting, holding and dealing in all k1! ds ot negotiable paper, including promis- sory notes, mortgages, real and personal prop erty, stocks, bonds. City, School, County and Territorial bonds and warrants, bills of ex- change and all other evidences of debt and Dankaole paper, and loanlng money on such terms and conditions as the managing officer or officers of the corpora tion may determine, for itself and as agent for others, buying, sell ing and dealing in all kinds of property, real, personal and mixed, transacting any and all kinds Of business which may be transacted by a natural person, to hold, cultivate, prove up, use aud enjoy the same, and to alienate, sell, lease, demise and dispose of the same or any pat thereof. as well as of any other property this corporation possesses, be seized of or be entitled to- to borrow money and contract to pay the same at such time or times, and with tuch rate or rates of interest as it's managing officer or officers deem proper and see fit; and to hypothecate, mortgage or pledge all or any part of the property of this corporation, may hereafter acquire; to secure payment of such money with interest, or to secure the pay ment of any debt of this corporation with such interest thereon as it may be legally obligated to pay.
 
 The place where this corporation proposes to have it's ipal office and place of business is the City of Phoenix, in the County Of Mari | copa, Territory of Arizona.
 Iv
 | The amount of the capital stock of this cor poration shall be Fifty Thousand (s.0,0OO) Dol 1 lars, divided into Five Hundred (500) shares, of the par value of One Hundred (S100) Dollars | each, and the time when and the conditions upon which It is to be paid are as follows, to wit: The whole thereof immediately upon making the subscription therefor; and the said stock shall be fully. paid before being issued, and inaccessible thereafter.
 The amount of the par value of each share of l the capital stock of this corporation shall be One Hundred (sl00) Dollars. VI.
 | The highest amount of indebtedness or liabil- ity, direct or contingent. to which this corpora tion is at any time to ne subject IS the sum of Fifty Thousand S5O,OOO) Dollars.
 VII.
 The stockholders in this corporation, and their private property, shall be exempt from the corporate debts of this corporation.
 VIII.
 The affairs of this corporation are and they shall be, condu ted by Board of Directors consisting of three (3l persons who shall be al tQd a at T, time and manner as shall be prescribed by the Bylaws of this corporat1On and all of whom shall be subscribers to the capital stock of this corporation, and hereafter no person shall De eligible to the office of Director unless he is a stockholder in the corporation; provided, that said Board of Directors may elect such officer or officers and appoint such committee or con- mittees, from their own number, to aid in the management of the business, and in the con ducting of the affairs of said corporation, as they may sne fl, and vest in such officer or off cers and said committee or committees all such powers as they may deem expedlent.
 The following named persons, who are sub scrbers to the capital stock of this corpor ton, shall constitute the Board of Directors of this corporation until November g, 1S97 or until their successors duly uelift d. shall be elected to wit: J. W. Evans, Thomas Armstrong. IT., and J. c. Adams. Any person ceasing to be g. stockholder shall cease to be director.
 Vacancies in the Board of Directors shall be filled by the remaining members of the board
 Immediately: or as soon as practicable after
  l County Recor CT of the County of Maricopa. : Territory of Arizona, the persons named here in as Directors to serve until November 9, 1897 or until their successor or successors. duly f qualified, shall he elected. shall meet and organize as Board of Directors. adopt By Laws , ard prescribe in said Bylaws the method of calling meetings of the Board of Directors and stockholders. A majority of said Directors : shall be quorum, and any meeting of said d Board at which quorum is present shall be deemed 8 regua ar meeting and have the same authority as a full Board, whether notice of the meeting to the absent members oi : the Board shall have been gwen or not.
 The Beard of Directors of this corporation shall have the power to establish By. Laws and make all rules and regulations deemed expe . dient for the management of the affairs of thii corporation and the officers thereof, not incOn sistent with the constitution and laws of the
 United States and the laws of this Territory.
 IN WITNESS WHEREOF, we have hereuntC set our hands and seals this 9th day of Novem Der, 1896,
 J. w. EVANS, [Seal] d THOs. ARMSTRONG, JR. [seal.l 2. J. c. ADAMS, [Seal.l