Arizona republican., 1896-03-06
ARTICLES OF INCORPORATION
 -OF- The Parkinson Elevator Company.
v All Men By These Presents.

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 burmese of forming corporation and being incorpora- ted under and by virtue Of the laws of the Ter rltory 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 Dr. H. W. Westlake, John J. Bergin. Wybro & Lawrence, partnership composed of George w. Lawrence and H. c. Wybro John Parkin- 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 ing and selling elevators and lifting machinery and hitting power for mines and buildings and to borrow and loan moneys as may be reouired in the transacting of their said 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- tlon 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 ton shall have the power 10 buy sell, lease, own and enjoy patent rights and other devices used or to be used in their said business, and to adopt other and different systems whenever it shall seem convenient and necessary in order to accomplish the said purposes for which the sa1d company is incorporated. And in the transaction of their said business to mortgage, hypothecate or pledge it's fran ,hises and 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 1n those mentioned, or to effect the purposes of said corporation, and to adopt and use seal in the transaction of its business.
 THIRD. The amount of Capital Stock author 1zed 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 raid ln are five per cent of said Capital Stock when ordered by the Directors of this corporation, and 1t is not expected that more shall be re- quired, but additional payments of Capital Stock shall be made at such tim es 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 & secretary and general business manager, but the office of president and general business manager may be filled by one and the same person, also treasurer. The tre asurer may be a corporation and need not be a shareholder All other officers and directors shall be share holders. All officers of this corporation are to be elected annually on the twenty-ifth of February The officers of said corporation for the first year shall be: Dr. H. w. Westlake President; John Parkinson, General Manager: Henry T. Hazard. Secretary; The National Bank of California, situated at the city of Los Angeles, California. Treasurer, and the Direct ors shall be pr. H. w Westlake, John J. Ser gin, John Parkinson, w. C. Cogswell and Hen ry T. Hazard
 SIXTH. The highest amount of indebtedness or liability to which the corporation shall be is $25O.OOO.O0
 
 holders of this corporation shall be exempt from liability for corporate debts
 EIGHTH. Owing to the nature of the bu siness of this corporation. especially in the making. building and operating elevators, it will be and it is intended that a large amount of the business of the corporation will De transacted in other States and Territories of ,he United States, other than the Territory of Arizona, and it is the intention to exte1d the operations of this corporation in its said busi ness to any and all the States and Territories where opportunities for such business may offer, and that meetings of the Board of Direct DTS of said corporation may be held beyond the limits of said Territory as the necessities of the corporation may indicate or require
 NINTH. The Board of Directors shall have power to make such prudential by laws as they nay deem proper for the management of the affairs of this corporation, not in conflict with he laws of the Territory of Arizona or of the United States.
 The following are the amounts of Canitsl Stock already subscribed, and the names of the subscribers:
 LIT. h. w. "estlake ............. 10 shares John J. Bergin 1o sbaras Wybro & Lawrence. ..... B shares John Parkinson. n.............. 9373 shares w. c. Cogswell. ll............. 50 shares H. T. Hazard rd.. % sharos