Arizona republican., 1896-11-24

this corporation shall be the day of the filing Of these Articles, in the office of the County Recorder of the County of Marieopa, Territory of Arizona, and the termination thereof shall be twenty nve (25) years thereafter.
 II.
 The eL terpri' e, pursuit, business and occu- patton in which this corporation proposes to engage is that of acquiring by purchase and any other lawful manner, real estate, lands and all other kinds of property. real, personal and mixed: borrowing and leaning money as principal and as agent for others, and doing general real estate and money brokerage busi- ness, and transacting any and all kinds of bust ness incident thereto; leasing. buying and sell Ing, dlscountlng, holding and dealing in all Xii ds ot negotiable paper, including promis- sory notes mortgages, real and personal prop erty, stocks, bonds. City, School County and Territorial bonds and warrants, bills of ey- change snd all other evidences of debt and bankable paper, and loaning money on such terms and conditions as the managing officer or officers of the corporation may determine, for itself and as agent for others, buying, sell- ing and dealing in all kinds of property, real, personal and mixed, transacring 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 aud dispose of the same or any part 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 such rate or rates of interest as it's managing officer 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 i may hereafter acquire; to secure payment of ment of any debt of this corporation with such 1 interest thereon as it may be legally obligated l to pay.
 The place where this corporation proposes to | have its principal cfdce and place of business | IS the City Of Phoenix, in the County of Mari | cops, Territory of Arizona.
 l The amount of the capital stock of this cor poratIon shall be Fifty Thousand (sE0,OOO) Dol lars, divided into Five Hundred (50O) ohares, of | the par value of One Hundred (s100) Dollars 1 each, and the time when and the conditions upon which It is to be paid are as follows, to mak ing the subscription therefor; and the said stock shall be fully paid before being issued, and inaccessible thereafter. | V.
 | The amount of the par value Of each share of the capital stock of this corporation shall be One Hundred (sl0O) Dollars.
 1 VI.
 The highest amount of indebtedness or iiabil- ity, direct or contingent. to which this corpora
 
 Fifty Thousand (s50 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, conduf ted by Board of Directors consisting of three (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 De } eligible to the office of Director unless he is a stock holder in the corporation; provided, that said Board of Directors may elect such officer or officers and appoint such committee or com mittees. from their own number, to aid in the management of the business, and in the con- ducting of the affairs of said corporation, as they may See fit, and vest in such officer off cers and said committee or committees all such powers as they may deem expedient.
 The following named persons, who are sub. scribers to the capital stock of this corpor tion T shall constitute the Board of Directors of this ? corporation until November g. 1897, or until their successors duly qus lifed, shall be elected . to wit: ]. W. Evans, Thomas Armstrong. Jr. , and J. c. Adams: Any person ceasing to be a o stOckhOlder shall cease to be director. # Vacancies in the Board of Directors shall be filled by the remaining members of the board " Immediately. or as soon as practicable aftel the nling of these articles in the office of the
 
 Territory of Arizona, the persons named here in as Directors to serve until November g, 1897 or until their successor or successors, duly qualified, shall be elected shall meet and organize as Board of Directors sdopt By Laws ard prescribe in said Bylaws the method o I. calling meetings of the Board of Directors and stockholders. majority of said Directors ; shall be quorum, and any meeting of said Board at which quorum is present shall be deemed regular meeting and have the same authority ss a full Board, whether notice of the meeting to the absen. members O. . the Board shall have been gwen or not.
 K.
 The Beard of Directors of this corporation shall have the power to establish By Laws and make all rules and regulations deemed expe i. dient for the management of the affairs of thi 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 hereunte set our hands and seals this 9th day of Novem Der, 1896.
 J. W. EVANS, [Seal.] d TaOS. ARMSTRONG, JR. fSeall }, J. c. ADAMS, (Seal.l I