Arizona republican., 1896-03-07
ARTICLES OF INCORPORATION 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 laws of the Ter r1tory of Arizona, with the name and for the | purpose hereinafter written, and we do further l certify and set forth:
 FIRST. That the names of the corporators are pr. H. W. Westlake, John J. Bergin, Wybro |! & Lawrence, partnership composed of George | w. Lawrence and IF. c. Wybro, John Parkin- l son. W. G. Cogswell and Henry T. Hazerd, and the name of this corporation shall be and is THE PARKINSON ELEVATOR COMPANY l 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 lifting power for mines and buildings and to borrow and loan moneys as may be required 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- 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, ani to ado pt 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, hypothecate or pledge its fran ,hises and property. real, personal or mixed, to secure the payment of money borrowed or herindebted- 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 raid in are five Der 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 its 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 the office of president and general business l Ia 11ad txpA end
 person, also treasurer. The tressursr may be
 6 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-ffth o1
 February. The officers of said corporation fol the first year shall be; pr. H. W. Westlake
 President John Parkinson, General Manager Henry T. Hazard, Secretary; The Natlona Bank of California, situated at the city of Los ,, Angeles, California, Treasurer, and the Direct
 ors shall be Dr. H. w. Westlake, John J. Der
 gin, John Parkinson, w. C. Cogswen and Hen
 " T. Hazard
 SIXTH. The highest amount of indebtedness
 or liability to which the corporation shall be
 subjected is s250.OOOO %.
 SEVENTH The private property of the stock holders of this corporation shall be exempt
 from liability for corporate debts.
 EIGHTH Owing to the nature of the bu sines } of this corporation. especially in the making
 building and operating elevators, it will be
 necessary and it is intended that large
 amount of the business of the corporation vii be transacted in other States and Territories O
 the United States, other than the Territory O D Arizona, and it is the intention to exterd ths operations of this corporation in it's said busi : ness to any and all the States and Territorie | where opportunities for such business ma, 5 offer, and that meetings of the Board of Direct k ors of said corporation may be held beyond tn, g limits of said Territory the necessities o f the corporation may indicate or require. |. NINTH. The Board of Directors shall hay y power to make such prudential by laws as the s 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 Capita 70 Stock already subscribed, and the names of tn i subscribers:
 k pr. H. W. Westlake. ................. 10 share K John J. Bergin. observation-disclosures. 10 share Wybro & Lawrence 35 share John Parkinson. on......-...-.-.......- 9373 share i0 w. c. Cogswell. l.....-.-......-.-. ..s 50 share ,e H. T. Hazard. ..-..-..-.-........ p share