Arizona republican., 1896-11-22

ona. and the time of the commencement of this corporation shall be the day of the filing Of these Articles. in the office of the County Recorder of the County Of MarlcOpa, Territory of Arizona, and the termination thereof shall be twenty-five (25) years thereafter.
 The el terpri e, pursuit. business and occu- patton in which this corporation propo. es to engage is that of acquiring by purchase and any other lawful manner, real estate, lands and al 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 busl- ness lncloent thereto; leasing. buying and sell ing, discounting, holding and dealing in all kii ds ot negotatle paper, including promis- sory notes, mortgages, real and personal prop erty, stocks, bonds. City, School, County and Territorial bonds and warrants. bills of ex- change and all other evidences of debt and odnkable paper, and loanlng money on such terms and conditions as tie managing officer or officers of the corpora Eion may determine, for ltselt 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 wnich may be transacted by a na tural person, to hold cultivate, prove up, use aud enjoy the same, and to alienate, sell. lease, demise aud dispose of the same or any pat thereof as well as of any other property this corporation possesses, be seized of or be euLltleO to. 10 DOrrOW money and contract to pay the same at such time or times, and with tuch rate or rates of interest as its managing officer or officers deem proper and see fit; and to hypotheeate, mortgage or pledge all or any 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 sit may be legally obligated to pay.
 The place where this corporation proposes to have its princi pal office and place of business is the City of Phenix, in the County of Mari copa, Territory of Arizona.
 W.
 The amount of the capital stock of this cor poratiou hall be fifty Thousand (s:O,OOO) Dol lars, divided into Five Hundred (5OO) enares, of the par value of One Hundred (s10U 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 making the subscription therefor; ard the said | stock shall be fully paid before being issued, and unassessable thereafter.
 V.
 The amount of the par value Of each share of the capital stock of this corporation shall be One Hundred (sl00) Dollars.
 i VI.
 The highest amount of indebtedness or liabil- ity, direct or contingent, to which this corpora tion is at any time to be subject IS the sum of Fifty Thousand (s50,000) 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, eondu ted by a 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 pc eligible to the office of Director unless he is stock kholder 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 fiji, and vest in such officer or off,
 cers ana said committee or committees all such
 powers as they may deem expedient.
 l The following named persons, who are sub
 scribers to the capital stock of this eorpor ton, shall constitute the Board of Directors of this ' corporation until November g, 1897, or until their successors duly qu fied, shall be elected, to wit: J. W. Evans, Thomas Armstrong, Jr., , and J. c. Adams. Any person ceasing to be 8 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 after the ming of these articles in the office of the county hecOr CT O1 the COuIIy or MdrlcOpd,
 Territory of Arizona, the per sons named here
 in as Directors to serve until November 9, 1897
 or until their successor or successors, duly
 qualified, shall he elected. shall meet and
 organize as Board of Directors, dopt By Laws,
 ar prescri be in said Bylaws the method of
 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 regu ar meeting and have
 the same authority as full Board, whether
 notice of the meeting to the absen. members of : the Board shall have been gwen or not.
 The Board of Directors of this corporation
 shall have the power to establish 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 hereunto
 set our hands and seals this eth day of Novem-
 Der, 1896.
 J. W. EVANS, [Seal.l d TaOS. ARMSTRONG, JR. [Seal.l j., J. c. ADAMS, fSeal.l | lTrrn