Arizona republican., 1896-02-22

11$Os T LDh U An ZZa 10 shall have the right to hypothecate, mortgage or pledge all or any part Uf the property ot this 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 1t 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 whena and the con- ditiOns upon which it 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 in this corporation for any stock until the same shall be fully paid, and when any stock shall be issued in this corporation it shall be non-assessable thereafter.
 ARTICLE ".
 The time of the commencement of this cor porad1on shall be the date of the filing of these articles of incorporation in the office of the County Recorder Of Maricopa County, Arizona, and the termination thereof shall be twenty five years thereafter.
 ARTICLE V.
 The affairs Of this corporation shall be con- ducted by 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 til the first annual eiec- tion which shall be held on the third Tuesd " of January 1897, at the office of the com panv in the City of Phoedix, at 10 o'clock m., the fol lowing named persons who are subscribers to the capital stock of this corporation shall constitute the officers and directors. viz: C. D Clarke, Director and President; A. C. Frost Director and Vice President; J. c. Rankin Qy,6S nforrv ms or; M. B. Clarke, Director, and F. $. Belcher, Treasurer.
 ARTICLE VI.
 The officers of this corporation shall be President, VicePresident, Secretary and Treas. orer. who shall be elected annually by the Board of Directors at such time as may be prescribed by the bylaws of this corporation provided that the President and Vice Presiden shall be elected from among the Board o Directors and the Secretary and Treasurer may be 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 ar, duly elected and qualified, unless for an! reason such officer or director shall cease to b. an officer or director as herein provided An! officer or dire ctor ceasing to be stockhnlde in this corporation shall thereupon cease to b, director or officer. All vacancies in the Boart Ol OlTecCOrS or O01coS O1 tn1S COrpOraClOn Snal be filled for the unex pired term by the rema1n ing members of the Board of Directors. maj ority of the Board of Directors shall consti ute quorum, and any meeting of the Boar, of Directors at which quorum is pre- sent shal be deemed a regular and legal meeting an, have the same authority as full board whether notice of the meeting to the absen members of the board shall have been frs given or not.
 ARTICLE VIII.
 The highest amount of indebtedness or liabil lty to which this corporation is at any time t subject itself direct or contingent, is the sum c three hundred thousand dollars.
 ARTICLE TX. The stockholders of this COT poration and thei private property shall be exempt lfrom tn corporate debts of this corporation.
 ARTICLE X.
 The Board of Directors of this corporatio shall have the power to establish bylaws an make all rules and regulations deemed expt dient for the management of this corporatio and the officers thereof.
 ARTICLE XI. These Articles Of Incorporation may am ended at any regular meeting of the stocl holders or at any special meeting thereof calle for that purpose by a ma jority of the stoc present at such meeting voting in favor of sue amendment, and wheneve. these articles of in corporation shall be amended as herein pro vided the same shall be signed and acknog v edged by the President of the corporation, a. when recorded and published shall have tn same force and effect as though they had bee signed by all the stockholders of the col poration.
 In witness whereof we have hereunto set ou | hands, this first day of February, 1896. CHAUNCEY D. CLARKE, A. c. FROST. M. R. CLARKE. TERRITORY OF ARIzoNA.l ss County of Maricopa. ''' | Before me, Thomas D. Bennitt, a Notar | Public in and for said County and Territory, O | this day personally appeare1 c. D. Clarke, | c. Frost and M. R. Clarke, known to me to | the persons whose names are subscribed to tn above and foregoing instrument, and acknow edged to me that they executed the same fC | the purpose and consideration therein eX | pressed.
 Given under my hand and seal of office tn | first day of February, 1896.
 THOMAS D. BENNETT,
 Notary Public. RECORDERS OFFICE,
 Phen1x, Marcopa Co., A. T. | Filed and recorded at request of Chauncv D Clarke, Feb. l, 1896, at $50 o'clock D. m., Boo of Corporations, Pages 322 to s25: l County Recorder. TERRITORY OF ARIZONA,
 COUNTY OF MARICoPA.
 I,J. W. Kincaid, County Recorder in and ft | the County and Territory aforesaid, do hereh certify that the within instrument was filed fC record at $50 o'clock D. m. on this 1st day February. 1926 and duly recorded in Book No. of Corporations, Records of Maricopa Count. Arizona, aJ pages 322
 Witness my hand and official seal the ds
 J. ". KINCAID,
 County Recorder |