Arizona republican., 1896-02-23


  corporation and all or any part of the property which this corporation may hereafter acquire, and shall have the right to cure the payment of any money borrowed by it or the payment of any debt of this corporation with such interest thereon as its Board of Directors may from time to time determine.
 ARTICLE III
 The amount of capital stock of this corpora- tion shall be one million dollars divided into one million shares of the par value of one dol lar per share, and the time when and the con- d1tlons upon which i5 is to be paid are as fol lows, to wit: All stock in this corporation shall be paid for in full upon making subscrip. tion therefor, and no stock certificate shall be issue ln this corporation for any stock until the same shall be fully paid, and when any stock shall be issued in this co porstion it shall be non -assessable thereafter.
 ARTICLE "
 The time of the commencement of this cor porat1ion shall be the date of the filing of these County Recorder of ofMarieopa County Arizona, and the termination thereof shall be twenty five years thereafter.
 ARTICLE
 The affairs of this corporation shall be con- ducted oy Board of Directors consisting of five stockholders who shall be elected annually by the stockholders on the third Tuesday in Jan uarv Of each year at the hour of ten o'clock in the forenoon. That until the first annual eec- t1on which shall be held on the third Tuesday of January, lS97 at the office of the com panv in the City of Phodix, st 10 o'clock a. m, the fol- lowing named persons who are subscribers to the capital stock of this corporation shal constitute the officers and directors. viz: c. D. Clarke, Director and President; A. C. Frost. Director and Vice President; J. c. Rankin, Director and Secretary; B. w. Josselyn. Direct or; M &. Clarke, Director, and F. $. Belcher, Treasurer.
 ARTICLE VI.
 The officers of this corporation shall be a President, Vice ePresident. Secretary and Treas nrer, who shall be elected annually by the Board of Directors at such time as may be prescribed by the bylaws of this corpora tion, provided that the President and Vice President Directors and the Secretary and Treasurer may pc elected either from the stockholders or directors.
 ARTICLE VII.
 The Directors and Officers of this corporation shall hold their offices for the term of one year from their election or until their successors are duly elected and qualified, unless for any reason such officer or director fhail cease to be an officer or director as herein provided. Any officer or director ceasing to be 6 stockEolder ln thls corporation shall the-eupon cease to be director or officer. All vacancies in the Board ot Directors or offices of this corporation shall be filled for the l1neE pired term by the rema1n- ing. members Of the Board of Directors A
  ute quorum, and any meeting of the Board of Directors at which quorum is present shall be deemed regular and legal meeting and have the same authority as & full board, members of the board shall have been first given or not.
 ARTICLE VIII.
 The highest amount of indebtedness or liabii- lty to which this corporation isat any time tG subject itself, direct or contingent, is the o hrn " md 6rl6t tEnr1 and aNl1
 ARTICLE TX.
 The stockholders of this corporation and their private property shall be exempt from the corporate debts of this corporation.
 ARTICLE X.
 The Board of Directors of this corporation shall have the power to establish bylaws ant make all rules and regulations deemed expe dient for the management of this corporation and the officers thereof. ARTICLE XI.
 These Articles of Incorporation may be amended st any regular meeting of the stock holders or at any special meeting thereof called for that purpose by majority of the stocl present at such meeting voting in favor of sucf amendment, snd wheneve: these articles Of in corporation shall be amended es herein pro vided the same shall be signed and acknowi edged by the President of the corporation, art when recorded and published shall have thu same force and effect as though they had beer signed by all the stockholders of the COT poration.
 h witness whereof, we have hereunto set GU hands, this first day of February, 1896. CHAUNCEY D. CLARKE, A. c. FROST. M. R. CLARKE. TERRITORY OF ARIzoNA.i s
 County of Maricopa.
 Before me, Thomas D. Bennitt, a Notar. Public in aud for said County and Territory, oI this day personally appeared c. D. Clarke, A c. Frost and M. R. Clarke, known to me to b l the persons whose names are subscribed to tn above and foregoing instrument, and acknowl | edged to ms that they executed the same fo the purpose and consideration therein eX 1 pressed.
 Given under my hand and seal of office thi 1 first day of February, 1S96 THOMAS D. BENNTTT.
 Notary Public. RECORDERS OFFICE,
 Ph9n1x, Marieopa Co.,, A. T.
 Filed aud recorded at request of Chauncv D Clarke, Feb. l, 1896, at $50 o'clock D. m., Book 1 } Of Corporations, Pages 322 to 325. J. w. KINCAID, County Recorder. TERRITORY OF ARIZONA, ]
 COUNTY OF MARICOPA. l I,J W. Kincsid, County Recorder In and fo the County and Territory aforesaid, do hereh | certify that the within instrument was filed fo record at $50 o'clock D. m, on this 1st day o February, 1896 and duly recorded in Book No. of Corporations, Records of Maricopa County Arizona, at pages 322.
 Witness my hand and official seal the ds and year above written.
 J. w. KINCAID,
 County Recorder
 EnIKc DENliHEr