Arizona republican., 1896-03-08
ARTICLES OF INCORPORATION The Parkinson Elevator Company.
Know All Men By These Presents.

AnoW All Men By These Presents.
 mat we, the undersigned, do hereby certify
 1hat we have associated ourselves and bv these
 presents do associate ourselves for the nnrnose
 o1 forming corporation and being incornora-
 tea under and by virtue Of the laws of tho Tor-
 r1tory Of Arizona, with the name and for tbo
 purpose hereinafter written, and we do further
 certify and set forth:
 FIRST. That the names of the cornoro+ors
 are Dr. H. W. Westlake, John J. Bergin. Wvbro
 Lawrence, a partnership com posed of George
 w. lawrence and H. c. Wybro, John Parkin-
 son. W. It. Cogswell and Henry T. Hazard. and
 . 1ne name Of this corporation shall be and is
 HE PARKINSON ELEVATOR COMPANY
 ana the principal place of it's business shall he a1 fhoenlx in said Territory of Arizona.
 SECOND Te general nature of the business proposed to be transacted by said corDorstion IS that Of manufacturing, constructing, build. Ing and selling elevators and lifting machinery ana lifting power for mines and buildings and 10 borrow and loan moneys ss may be reouired In the transacting of their said business. and to buy and to sell real or personal property ss inc same may be required in the transsctinq of thelr said business, and to use in the tranSeo. tlon Of said business various systems and na. tents and patent rights, and more particularly the Parkinson system for the manufacture of elevators and lifting power and said corpora. tlon 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. and to aoopt other and different systems whenever if snail seem convenient and necessary in order 10 accomplish the said purposes for which the salo company is Incorporated And in the transaction of their said business to mortuaoe nypothecate or pledge it's fran ,hises and property, real, personal or mixed, to seeure inc payment of money borrowed or other1ndebted- ness, and to have and exercise all and every of the business above mentioned or necessarily in ciuoed ID those mentioned, or to effect tbe purposes ot said corporation, and to adopt and use seal In the transaction of it's business
 THIRD The amount of Capital Stock author lzed to be used by this corporation shall be One Million Dollars, divided into shares of the mar value Of One Hundred Dollars each, ten ner cent of which is paid in in cash at the time of hing these articles, and the times when the remainder of said Capital Stock shall be raid ln are live Der cent of said Capital Stock when ordered by the Directors of this corporation and It Is not expected that more shall be re- lulred, but additional payments of Capital 'tocK shall be made at such times as the stock. aoloers may hereafter agree upon.
 FOURTH That the time of ofcommencemento of ms corporation shall be February twenty-fftb. 1896, and the term of it's existence shall ba twenty-five years
 FIFTH The Officers of said corporation shall 'e Board of Directors consisting of five mem 'ers, one of whom shall be president and the 'ther officers Of said corporation shall be & ecretary and general business manager. but ne once Of president and general business 1 manager may be filled by one and the same | 'erson, also treasurer. The treasurer may be | corporation and need not be shareholder. | III other officers and directors shall be share | loloers. All officers of this corporation are to | e elected annually on the twenty-ffth of | ebruary. The officers of said corporation for he first year shall be: Dr. H. w. Westlake resident; John Parkinson, General Manager: ienry T Hazard, Secretary; The National anK of California, situated at the city of Los ngeles, California, Treasurer, and the Direct IS shall be pr. H. W. Westlake, John J. Der ln, John Parkinson, W. c. CogswelI and Hen 7 T. Hazard
 SIXTH. The highest amount of indebtedness liability to which the corporation shall he lbjected is s25O,OOO. CO.,
 SEVENTH. The private property of tic stock. olders Of this corporation shall be exempt om liability for corporate debts l. EIGHTH. Owing to the nature of the business
 this corporation. especially in the making. Hiding and operating elevators, it will he ecessary and it is intended that a large mount Of the business of the corporation will transacted in other States and Territories of , e United States, other than the Territory of ( rlzona, and it is the intention to extend the | 'erat1ons Of this corporation in its said busi ess to any and all the States and Territories here opportunities for such business may fer, and that meetings of the Board of Direct- | of sad corporation may be held beyond the C nits of said Territory as the necessities of t e corporation may indicate or require. NINTH. The Board of Directors shall bava wer to make such prudential by laws as they ay deem proper for the management of tha ] airs Of this corporation, not in conflict with ! e laws of the Territory of Arizona or of the :. lited States. The following are the amounts of Canital k ock already subscribed, and the names of inc ( bscribers: P
 :. u. W. Wes tlake ke........ n shsras r hn J. Bergin. m eboros n yDrO & Lawrence. ce.............. 35 shares D hn Parkinson. n........... 9373 shares !. C- CogsWeH H----........-. .. 50 shares
 T. Hazard % sberos