Arizona republican., 1896-07-10

! under the provisions of an act of the Legisla- l tive Assembly of said Territory entitled "An Act Concerning Corporations" approved March Sth, 1887, and all acts amendatory thereof for 1 the purpose of engaging in the lawful enter prises, business pursuits and occupations here matter specified. do make and subscribe ac- cording to law, these articles of incorporation, and declare:
 The name of this corporation and by which 1t shall be known is The MarlcOpa Club; its principal office and place of transactiDg busi- | ness is the City of Phoenix, Maricopa County, Arizona Territory, and the time of the com
 mencement of this corporation shall be the day
 of the filing of these articles of incorporation in he office of the County Recorder of said Mari copa County, Arizona Territory, and the term thereafter.
 The enterprises, pursuits, business occupa- tions and purposes for which this corporation l is formed and in which it proposes to engage
 deal in real estate, and buildings of all kinds, mortgages, stocks of other corporations, notes, bonds, and all kinds of securities or property | as shall seem fit or expedient to its Board of Directors, to lease, loan and negotiate rooms, houses or apartments, either for the use of the
 mem bers of this corporation or for purposes of
 profit, to acquire and own library, art gal
 leries. sta!uaries. ana all goods, wares M ana 1 for the physical or mental improvement and educ 3tion of the stockholders of this corpora
 tion, or for the pecunlary profit of this corpora- tion itself to promote sccia bility among it's stockholders, to give entertainments and gene rally to act and engage in such lawful cccupa- tions and diversions not in conflict with these articles or the by laws to be hereafter adopted, to borrow money and contract to repay the
 same at such times and in such maneer and at
 such rates of interest as shall be determined by
 it's Board of Directors to hppothecate, mort
 gage or pie 1ge all or any part of the property of
 this corporation now owned or which may
 hereafter the
 of any debts which this corporation may be-
 come legally obligated to pay.
 The amount of the capital stock of this cor
 Doration shall be fifty thousand (S50,000 00) dol
 lars. divided into two thousand (20O0) shares Of
 the par value of twenty-five 1925 .O0) dollars
 each. and the times when and the conditions
 upon which i. is to be paid in shall be as fol-
 lows:
 The whole or any part of said stock shall be
 issued immediately upon making subscription
 therefor, but said stock shall be fully paid be-
 fore being issued. and not more than one share
 of said stock shall be issued to any one person. No share of stock shall be accessible, except
 by unanimous consent of all the members of
 the Board of Director, and then not exceeding
 the sum of five (s5 00) dollars per share in any
 one year, except by a vote of two-thirds of the stockholders present ct meeting called for that purpose
 The amount of the par value of each share of the capital stock of this corporation shall be (s250O) dollars.
 The highest amount of indebtedness, direct or contingent, to which this corporation shall
 subject itself is the sum Of thirty thousand (s3O, ,OOO) dollars.
 The stockholders of this corporation and their private property shall be exempt from all liability for the corporate debts Of this cor poration.
 All the business affairs of this corporation shall be conducted by Board of nine Direct ors, who shall be elected annually from the stockholders at such times and in such man ner as shall be prescribed by the by laws of | this corporation.
 l The following named persons who gre sub
 scribers to the capital stock of this corporation shall constitute the Board of Directors until l the first Wednesday of October, 1896, and until | the1r successors duly qualified are elected, viz Walter Talbot, L.. E. Hewins, H. E..
 Heighton. Ancil Martin, J. ". Ben ham. T. W :. Hine, W. L. Pinney, W. wood, T. E: Dalton: | Any person ceasing to be g. stockholder shall cease to be & director. and whenever any stock 1 holder ceases to be 6 member of the corpora | tion for any reason provided in the bylaws, | his stock may be cancelled by the Board of Directors.
 | Vacancies in the Beard of Directors shall be ] filled by the remaining members of the Board. Immediately, or as soon as practicable, upon | the filing of these article in the office of the County Recorder of Marieopa County, the per sons above named as Directors shall meet and | organize as the Board of Directors, elect off
 cers, adopt by laws and prescribe in said by 1 laws the method of calling meetings of the Board of Directors and of the stockholders. | Five of aid Directors shall constitute a l quorum, and any meeting of the board at which quorum is present shall be regular meeting and have the same authority as a full ] board, except as herein otherwise provided. Said Board of Directors shall have the power to adopt bylaws and make all rules and legula- tions deemed expedient for the management of
 this corporation, to employ and discharge all persons whenever necessary, to enter into
 contract for this corporation and generally to
 prescribe restrictions on the issuance and forfeiture of stock, and to do all things for the welfare and interest of thls cor
 poration as to them shall seem fit and ex- pedlent not inconsistent with the laws of the
 United States or the laws of the Territory Of Arizona.
 IN WITNESS WHEREOF, we have caused
 these presents to be executed this 10th day of
 June, 1896.
 H. E. LEIGHTON, T. w. HINE