Arizona republican., 1896-11-29

ona. and the time of the commencement of this corporation shall be the day of the filing o1 these Articles, in the office of the County Recorder Of the County of Maricopa, Territory of Arizona, and the termination thereof shall be twenty-five (25) years thereafter.
 The el terprise, 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 ana mixed: borrowing and loaning money, as principal and as agent for others, and doing a general real estate and money brokerage busi- ness and transacting any and all kinds of busi- ness incident thereto; leasing, buying and sell XII ds ot negotiable 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 oankaDle paper, and loaning money on such terms and conditions as the managing officer or oncers of the corpora tion may determine, for itself and as agent for others, buying, sell Ing and dealing in all kinds of property, real personal and mixed, transacting any and ali kinds Of business which may be transacted by natural person, to hold, cultivate, prove up. use and enjoy the same, and to alienate, sell, lease. demise and dispose of the same or any pat thereof, as well as of any other property snis Godporatlon @ possesses be seized of or be
 
 pay the same ct such time or times, and with such rate or rates of interest as its managing officer or officers deem proper and see fit; and to hy hypothecate, mortgage or pledge all or any part of the property of this corporation, and all or any part of the property it may hereafter acquire; to secure payment of ment of any debt of this corporation with such interest thereon as it may be legally obligated to pay.
 III.
 The place where this corporation proposes to have its princip pal office and place of business Is the City of Phgnix, in the County of Mari cops, Territory of Arizona
 ".
 The amount of the capital stock of this cor poration shall be Fifty Thousand (s5O OOO) Dol lars, divided into Five Hundred (5CM shsres. of the par value of One Hundred ($1OO) 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; and the said stock shall be fully paid before being issued. and inaccessible thereafter. "
 The amount of the par value of each share of the capital stock of this corporation shall be One Hundred GlOO) Dollars. VI
 The highest amount of inde ebtedness 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 0oO) Dollars. VII
 | The stockholders in this corporation, and | thel- private property, shall be exempt from the corporate debts of this corporation | VIII.
 The affairs of this corporation are and they | shall he, condu ted by 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 ths capital stock of this corporation, and hereafter no person shall be eligible to the office of Director unless he is & stockholder Tn the corporation; provided, that said Board of Directors may elect such officer or officers and appoint such committee or com mittees. from their own nu m Der, to aid in the mana cement of the business, and in the con- duct1ng of the affairs of sad cOrDOration as they may see fl, and vest in such officer or off cers ana said committee or commi tees all such powers as they may deem expedient.
 The following named persons, who are sub shall constitute the Board of Directors of this corporation until Novem Der 9. 1897, or until their successors duly gu lified, sbal be elected, to wit: J. W. Evans, Thomas Armstrong, Jr. and J. c. Aeams. Any person ceasing to be a stockholder shall cease to be dire ctor. | Vacancies in the Board of Directors shall be filled by the remaining members of the board
 Immediately. or as soon as practicable after the pling Of these articles in the office of the County Recor CT of the County of Maricopa Territory of Arizona, the pel sons named here in as Directors to serve until November g. 1897, |, or until ihejr successor or successors, duly qualified, shail be elected. shall meet and organize as Board of Directors edopt By Laws, ar prescribe 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 Boa I'd 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 ahsen. members of the Board shall have been gwen or not
 The Board of Directors of this corpora tion shall have the power to establish By 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 9th day of Novem- Der, 1S96
 J. w. EVANS, fSeal1
 THOS. ARMSTRONG, JR. [Seal.
 J. c. ADAMS, [Seal TERRITORY OF ARIZONA, ss
 COUNTY OF MARICOPA. ] 3D.