Arizona republican., 1896-11-28

ora, and the time Of the commencement of this corporation shall be the day of the fling Of these Articles, in the office of the County Recorder of the County of Maricopa, Territory of Arizona, and the termination thereof shall be twenty-five (25) years thereafter.
 The el terprise, pursuit, usiness and occu- patton in which this corporation propo.es to engage IS that of acquiring by purchase and any oIher laWiul me nner, real estate, lands and ali other kinds of property, real, personal ard nniyed' borrowing ard loaninc rrore- 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 busi- ness incident thereto; leasing, buying and sell Ing, discounting, holding and dealing in all kl as 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 end all other evidences of debt and bankabe paper, and loaning 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 and enjoy the same, and to ahenate, sell, lease, demise and dispose of the same or any pat thereof, as well as of any other rroperty 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 it's managing offceT or officers deem proper and see fit; and to hypothecate, mortgage or pledge all or any part of the property of this corporation, and all or any part of the property it may hereafter acquire; to secure payment of sucn 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.
 The place where this corporation proposes to nave It's pr1ncl pal office and place of business Is the City Of Phoenix, in the County of Mari copa, Territory of Arizona.
 The amount of the capital stock of this cor porat1on shall be Fifty Thousand (ss0, ,OOO) Dol | lars, divided into Five Hundred (5OO) shares of the. par value of One Hundred (slOO) Dollars | each, and the time when and the conditions upon which It is to be paid are as follows, to wit: The whole thereof immediately upon maxim the subscription therefor; and the said stock shall be fully paid before being issued, and inaccessible thereafter.
 The amount of the par value of each share of | the capital stock of this corporation shall be One Hundred (slOO) Dollars.
 VI.
 The highest amount of indebtedness or Iiabil- ity, direct or contingent to which this corpora | ton IS at any time to be subject IS the sum of Fifty Thousand ($5O,0OO Dollars. VII
 The stockholders in this corporation, and 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 three (3l persons, who shall be Q 10 V nv f h0 cto hold time and manner as shall be prescribed by the Bylaws of this corporation. and all of whom shall be subscribers to ths capital stock of this corporation, and hereafter no person shall be eligible to the office of Directorunle he is a stockholder in the corporation; provided, that said Bosrd of Directors may elect such officer or officers and appoint such committee or con- mittees, from their own number, to aid in the management of the business, and in the con- ductiBg of the affairs of said corporation, as they may spe fit, and vest in such officer or off, cers and said committee or committees all such powers as they may deem eXpedient.
 The following named persons, who are sub. scrbers to the capital stock of this corpor ton, shall constitute the Board of Direc.o OTIS of this corporation until Novemb Der g, 1897, or until their successors duly qu' liied, shall be elected to wit: J W. Evans. Thomas Armstrong, Jr., and J. c. Adams. Any person ceasing to be a stockholder shall cease e to be dire ctor.
 Vacancies in the Board of Directors shall be filled by the remaining members of the board | Immediately. or as soon as rracticeble after
 
 County Recor CT of the County of Maricopa Territory of Arizona the pel sons named here in us Directors to serve until November g. 1897 or until their successor or successors, duly qualified, shall he elected. shall meet and organize as Board of Directors, adopt By Laws ard prescribe in said Bylaws the method of calling meetings of the Board of Directors and stockholders. A majority of said Directors shall be & quorum, and any meeting of said Board at which quorum is present shall be deemed 8 regular meeting and have the same authority as a full Board, whether notice of the meeting to the absent members of the Board shall have been gwen or not
 TX.
 The Board of Directors of this corporation shall have the power to establish By Laws and make all rules and regulations deemed expe- dient for the management of the affairs of this corporation and the officers thereof, not incOn sistent with the constitution and laws of the
 United States and the laws of this Territory.
 IN WITNESS WHEREOF, we have hereuntc set our hands and seals this 9th day of Novem- Der, 1896.
 J. w. EVANS, [Seal.] THOS. ARMSTRONG, JR. tSeal . J. c. ADAMS, [Seal. TERRITORY OF ARIZONA, { -
 | CouNTy oF MApJCop. sB