Arizona republican., 1896-03-11
ARTICLES OF INCORPORATION The Parkinson Elevator Company.
now All Men By These Presents:

Know All Men By These Presents:
 mat we, the undersigned, do hereby certify
 'hAs we nave associated ourselves and by these
 presents do associate ourselves for the purpose
 ol forming corporation and being incorpora-
 teo under and by virtue Of the laws of the Ter.
 rieory o1 Arlzona, with the name and for the
 purpose hereinafter written, and we do furthe,
 certify and set forth:
 FIRST. That the names of the corporatorE are Dr H. W. Westlake, John J. Bergin, Wybro
 s1 haWrence, partnership composed of George
 W. Lawrence and H. c. Wybro, John Parkiu- son. W. G. Cogswell and Henry T. Hazsrd. and the name of this corporation shall be and is
 THE PARKINSON ELEVATOR COMPANY and the principal place of it's business shall he at Phenix in said Territory of Arizona.
 SECOND. Te general nature of the husinass proposed to be transacted by said corporation IS that Of manufacturing, constructing. build- ing and selling elevators and lifting machinery and hitting power for mines and buildings and to borrow and loan moneys as may be required ln'the transacting of their saii business and to buy and to sell real or personal property as the same may be required in the trapsscting of their said business, and to use in the transac- tlon 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- ton shall have the power to buy. sell. lease. own and enjoy patent rights and other devices used or to be used in their said business, an1 to adopt other and different systems whenever if snail seem convenient and necessary in order to accomplish the said purposes for which the sald company is incorporated And in the transaction Of their said business to mortgage. nypothecate or pledge it's fran ,hises and property. real, personal CT 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 iu- ciudeo ID those mentioned, or to effect the purposes Of said corporation, and to adopt and use seal In the transaction of it's business
 THIRD. The amount of Capital Stock autbor. lzed to be used by this corporation shall he Ono Million Dollars, divided into shares of the mar value of One Hundred Dollars each. ten ner cent o1 which is paid in in cash at the time of ming these articles, and the times when the remainder of said Capital Stock shall be raid III are nve Der cent of said Capital Stock when oroereo by the Directors of this corporation ana IL IS not expected that more shall be re- quireo, put additional payments of Capital otock snail be made at such times as the stock holders may hereafter agree upon.
 FOURTH. That the time of commencement of this corporation shall be February twenty.fiftb lo9o, and the term of it's existence shall he twenty-five years.
 FIFTH The Officers of said corporation shall oe boaro of Directors consisting of five mem pers' one Of whom shall be a president and the other officers of said corporation shall be a n a hY1ci the office of president and general business manager may be filled by one and the same person, also treasurer. The treasurer may be corporation and need not be shareholder. All other officers and directors shall be share holders. All officers of this corporation are to De elected annually on the twenty-fifth 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 pr. H. W Westlake, John J. Der. gin, John Parkinson, w. G. Cogswell and Hen ry T. Hazard.
 SIXTH. The highest amount of indebtedness or liability to which the corporation shall be subjected is s25O OOO .OO
 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 bu siness of this corporation. especially in the making, building and operating elevators it will be necessary and it is intended that a 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 extend the operations of this corporation in its 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 | DTS Of said corporation may be held beyond the limits of said Territory as the necessities of 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 affairs of this corporation, not in conflict with the laws of the Territory of Arizona or of the United States.
 The following are the amounts of Capital Stock already subscribed. and the names of the  pr. H. W. Westlake m shoros Jonu J. bergln 10 shares | Wybro & Lawrence. nce........ B shares John Parklnson....- 9573 shares w. U. CogsWel. l.................. ... 50 shares Il. I. Hazard .............-.:..... p shares