Arizona republican., 1896-12-01

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 terminationr 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 and mixed; borrowing and loaning money, as principal and as agent for others, and doing a general real estate and money brokerage busi- ness, and transacting any and all kinds of bus1- ness incident thereto; leasing. buying and sell Ing, discounting, holding and dealing in all kfl ds ot negotiable paper, including promis- sory notes, mortgages, real and personal prop erty, stocks, bonds. City, School, County and Territorial bonds ard warrants. bills of ex- change and all other evidences of debt and bankable paper, and loanlng money on such terms and conditions as the managing officer or officers of the corpora ion 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 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 its managing officer or officers deem proper and see fit; and to hypothecate, mortgage or pledge all or any pad Gf the property gsI f this 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 asit may be legally obligated to pay.
 have it's principal office and place of business is the City of Phoenix, in the County of Mari copa, Territory of Arizona.
 w.
 The amount of the capital stock of this cor poration shall be Fifty Thousand (sFOOOO) Dol lars, divided into Five Hundred (50O) shares, of the. par value of One Hundred ($1OO) Dollars 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,
 The amount of the par value of each share of the capital stock of this corporation shall be One Hundred (slCO) Dollars.
 VI.
 1 1ue ulSncsL amount or luueDCeQneSS or ll6D1l- 1ty, direct or contingent, to which this corpora | t1on is at any time to De subject IS the sum of Fifty Thousand (s50,O ,OOW Dollars.
 The stockholders in this corporation, and 1 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 thIee (3) persons who shall be elected annually by the stockholders, at such time and manner as shall be prescribed by the Bylaws of this corporation, and all of whom shall be subscribers to the capital stock of this corporation, and hereafter no person shall pc eligible to the office of Director unless he is a stock holder m the corporation; provided, that said Board of Directors may elect such officer or officers and appoint such committee or com mittees. from their own nun Der, to aid in the management of the business, and in the con- ducting of the affairs of said coronation as they may s'e fl, and vest in such officer off cers and said committee or committees all such | powers as they may deem eXpediert.
 The following named p rsons, who are sub scribers to the pltal stock of this corpor ton shall constitute the Board of Directors of this corporation until November g. 1897, or until their successors duly gu life d, shall be elected to wit: J. ". Evans. Thomas Armstrong. Jr. and J. C.. Adams. Any person ceasing to be a stockholder shall cease to be director
 Vacancies in the Board of Directors shall be / flied by the remaining members of the board | lmneQl3tely. or as s0On as rdctlrs Die dftel the ming of these articles in the office of tht County RecOr CT of the County of Maricopa Territory of Arizona, the persons named here in as Directors to serve until November g, 1897 ! or until iheIr su ice ssor or successors. duly qualified, shall he elected shall meet and organize as Board of Directors edoDt By Laws and prescribe in said Bylaws the method O. calling meetings of the Board of Directors an6 stockholders. A majority of said Director shall be quorum. and any meeting of sai6 Board at which quorum is present shall be deemed regu meeting and have the same authority ss full Board, whether notice of the meeting to the absen: members O the Board shall have been gwen or not. TX.
 The Board of Directors of this corpora tiol shall have the power to establish By. Laws and make all rules and regulations deemed expe dient for the management of the affairs of thi corporation and the officers thereof, not incon sistent with the constitution and laws of tn,
 United States and the laws of this Territory.
 IN WITNESS WHEREOF, we have hereuntt '. set our hands and seals this 9th day of Novem Der, 1896.
 J. w. EVANS, Seal
 TaOS. ARMSTRONG, JR. tSeal J. c. ADAMS. [Seal.
 TERRITORY OF ARIZONA, 1