Arizona republican., 1896-11-12

this corporation shall be the day Of the filing of these Articles, in the office of the County Recorder of the County of Maricopa, Territory of Arizona, and the termination thereof snail be twenty-five (20 years thereafter.
 The eLterpri e, pursuit, business and occu- 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 loaning money, as general real estate and money brokerage busi- ness, and transacting any and all kinds of busi ness incident thereto; leasing buying and sell ing, discounting, holding and dealing in all 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 bankable paper, and loaning money on such terms and conditions as the managing officer or officers of the corpora Hon may determine, for itself and as agent for others, buying, sell ing and dealing in all kinds ot property, real, personal and mixed, transactinx any and all kinds of business which may be transacted by @ natural person. to hold, cultivate, prove up, use and enjoy the same, and to siienate, sell. lease, demise and dispose of the same or any pat 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 fuch rate or rates of interest as its managing officer or officers deem proper and seeGnt; and to hypothecate, mortgage or pledge aN IT any part of the property of this corpefation, and all or any part of the property 1t 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 asit may be legally obligated to pay.
 The place where this corporation proposes to have it's pal office and place of business is the City of phoenix, in the County of Mari copa, Territory of Arizona.
 The amount of the capital stock of this cor poration shall be tifty Thousand Cs50,OOG Dol lars, divided into Five Hundred (5OO) shares of the par value of One Hundred (s1OO) Dollars each, and the time when and the conditions upon which it is to be paid are es follows, to wit: The whole thereof immediately upon n naking 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 (slOO) Dollars. ----
 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 ($50, ,00O) 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, condu ted by Board of Directors consisting of three (S persons. who shall be elected annually by the stockholders, at such time and manner as shall be prescribed by the By-Laws of this corporation. and all of whom shall be subscribers to the capital stock of this corporation, and hereafter no person shall DC 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 or off cers and said committee or committees all such powers as they may deem expedient. The following named persous, who are sub scribers to the capital stock of this corpor t1on shall constitute the Board of Directors of this corporation until November g, 1897, or until their successors duly qnalif d, shall be elected, to wit: J. W. Evans, Thomas Armstrong, Jr, and J. c. Adams. Any person ceasing to be a stockholder shall cease to be director. Vacancies in the Board of Directors shall be filled by the remaining mem CTS of the board Immediately, or as soon as practicable after the nling of these articles in the office of the County Recor CT of the County of Maricopa, Territory of Ariz )na, 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 8 Board of Directors, ado pt By Laws and prescribe in said Bylaws the method of calling meetings of the Board of Directors and stockholders. majority of said Directors snail be quorum. and any meeting of said Board at which quorum Is present shall be deemed q regu ar meeting and have the same authority as full Board, whether notice of the meeting to the absen. members of tho Board shall have been given or not. TX.
 The Board of Directors of this corpora ton shall have the power to establish Bylaws and make all rules and regulations deemed expe- dient for the management of the affairs of this corporation and the officers thereof, not incon si istent 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 9th day of Novem- bsr, 1898.
 J. w. EVANS, fseal.l THOs. ARMSTRONG, JR. fSeal. J. c. ADAMS, fSeal. TERRIToRv oF ApIzoNA