Arizona republican., 1896-03-10
ARTICLES OF INCORPORATION
 OF The Parkinson Elevator Company.

Know All Men By These Presents:
 That we, the undersigned, do hereby certify that we have associated ourselves and by these presents do associate ourselves for the purpose of forming corporation and being incorpora- ted under and by virtue Of the lsws of the Ter r1tory Of Arizona with the name and for the | purpose hereinafter written, and we do further certify and set forth:
 FIRST. That the names of the corporators are pr. H. W. Westlake, John J. Bergin, Wybro x Lawrence, partnership composed of George | W. Lawrence and H. c. Wybro, John Parkin- l son. w. G. Cogswell and Henry T. Hazard, and | the name of this corporation shall be and is THE PARKINSON ELEVATOR COMPANY | and the principal place of it's business shall be | at Phoenix in said Territory of Arizona.
 SECOND. Te general nature of the business proposed to be transacted by said corporation is that of manufacturing, constructing, build l ing and selling elevators and lifting machinery and lifting power for mines and buildings and to borrow and loan moneys as may be required in the transacting of their sal business, and to buy and to'sell real or personal property as the same may be required in the transacting of their said business, and to use in the transac- tion of said business various systems and pa tents and patent rights, and more particularly the Parkinson system for the manufacture of elevators and lifting power and said corpora tion shall have the power to buy. sell, lease, own and enjoy patent rights and other devices used or to be used in their said business, an to adopt other and different systems whenever it shall seem convenient and necessary in order to accomplish the said purposes for which the said company is incorporated. And in the transaction of their said business to mortgage,
 
 property. real, personal or mixed, to secure the payment of money borrowed or other indebted ness, and to have and exercise all and every of the business above mentioned or necessarily in- cluded in those mentioned, or to effect the purposes of said corporation, and to adopt and use seal in the transaction of it's business. THIRD. The amount of Capital Stock author ized to be used by this corporation shall be One | Million Dollars, divided into shares of the par value of One Hundred Dollars each, ten per cent of which is paid in in cash at the time of filing these articles, and the times when the remainder of said Capital Stock shall be paid in are five per cent of said Capital Stock when ordered by the Directors of this corporation, and it is not expected that more shall be re- quired, but additional payments of Capital Stock shall be made at such times as the stock holders may hereafter agree upon.
 FOURTH That the time of commencement of
 this corporation shall be February twenty fifth,
 1896, and the term of it's existence shall be twenty-five years.
 FIFTH. The Officers of said corporation shall
 be Board of Directors consisting of five mem
 bers. one of whom shall be president and the
 other officers of said corporation shall be a
 secretary and a general business manager, but l off nf h11siT
 manager may be filled by one and the same
 person, also treasurer. The treasurer may be
 8 corporation and need not be shareholder.
 All other officers and directors shall be share
 holders All officers of this corporation are to
 be elected annually on the twenty fifth o
 February. The officers of said corporation fol
 the first year shall be: Dr. H. w. Westlake
 President; John Parkinson, General Manager Henry T. Hazard, Secretary; The Nahona ) Bank of California, situated at the city of Lo Angeles, California, Treasurer, and the Direct
 ors shall be Dr. H. W. Westlake, John J. Der
 gin, John Parkinson, w. C. Cogswell and Hen
 ry T. Hazard.
 SIXTH The highest amount of indebtedness
 or liability to which the corporation shall b'
 subjected is s250,OO0 %.
 SEVENTH The private property of the stock holders of this corporation shall be exemp
 from liability for corporate debts.
 EIGHTH. Owing to the nature ofthe bushes ) of this corporation. especially in the making
 building and operating elevators, it will b.
 necessary and it is intended that large
 amount of the business of the corporation vii l be transacted in other States and Territories o
 the United States, other than the Territory o , Arizona, and it is the intention to exterd tn operations of this corporation in its said busi : ness to any and all the States and Territorie
 where opportunities for such business ma s offer, and that meetings of the Board of Direct k ors of said corporation may be held beyond tn g limits of said Territory as the necessities c { the corporation may indicate or require. |, NINTH. The Board of Directors shall hay y power to make such prudential by laws as the IS may deem proper for the management of tn affairs of this corporation, not in conflict wit e the laws of the Territory of Arizona or of tn n United States.
 T The following are the amounts of Capits .a Stock already subscribed, and the names of th l. subscribers:
 k pr. H. w Wektlake. ke................. 10 share IA John J. Bergln. ........................ 10 share l. Wybro & Lawrence. B share
 John Parkinson. n............-........ 9373 shar It w. c. CogswelI elI................. ... 50 shar De H. T. Hazard. d............-......:..... 9 shar