Arizona republican., 1896-11-21

ona, and the time of the commencement of thls 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 shall be twenty -nve (25) years thereafter.
 II. The enterprise, pursuit, business and occu- patton in which this corporation propo es to 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 lOanlng money, as principal and as agent for others and doing genera! real estate and money brokerage busl- ness, and transacting any and all kinds of busl- ness incident thereto; leasing, buying and sell ing, discounting, holding and dealing in all kinds 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 bankable paper, and loaning money on such terms and conditions as the managing officer or officers of the corpora ion may determine. for itself and as agent for others, buying, sell- ing and dealing in all kinds ot property, real, personal and mixed, transacting any and all Kinds of business which may be transacted by a 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 part thereof, as well as of any other nroperty 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 such rate or rates of interest as it's managing othcer or officers deem proper and see fit; and to hypothecate, mortgage or pledge all or any part of the property of this corporation, ana all or any part ot the property It may hereafter acquire; to secure payment of such money with interest, or to secure the pay ment of any debt of thi, corporation with such interest thereon asit may be legally obligated to pay.
 The place where this corporation proposes to have it's prlncl 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 (s50,000) Dol lars, divided into Five Hundred (500) shares, of the par value of One Hundred (s1OO) Dollars | each, and the time when and the conditions | upon which 1t 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.
 V.
 The amount of the par value of each share of the capital stock of this corporation shall be One Hundred sl0V Dollars.
 | VI.
 The highest amount of indebtedness orliabil- ity, direct or contingent, to which this corpora | ton is at any time to De subject IS the sum of Fifty Thousand (s5o,OOW Dollars.
 l VII.
 1 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, conducted 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 | Bylaws of this corporation, and all of whom shall be subscribers to the capital stock of thi; corporation and hereafter no person shall DC eligible to the ofice of Director unless he is 6 stockholder 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, a they may see fl, and vest in such officer or off cers and said committee or committees all sucf powers as they may deem exPedient.
 l The following named persons, who are sub scribeTs to the apltal stock of this corpor ton shall constitute the Board of Directors of thi corporation until November g. 1S97 or unti their successors duly qualified, shall be elected to wit: J. W. Evans, Thomas Armstrong, Jr. and J. c. Adams. Any person ceasing to be stockholder shall cease to be director.
 Vacancies in the Board of Directors shall be | filled by the remaining members of the board
 Immediately, or as soon as practicable afte the nling of these articles in the office of th County Recor CT of the County of Maricopa Territory of Arizona, the persons named here in as Directors to serve until November g, 1897 or until their successor or successors, dul qualified, shall be elected shall meet ant organize as a Board of Directors adopt Bylaws ard prescribe in said Bylaws the method o calling meetings of the Board of Directors an stockholders. majority of said Director shall be quorum. and any meeting of sai Board at which quorum Is present shall b deemed regular meeting and hay the same authority as full Board, whethe notice of the meeting to the absent members c the Board shall have been gwen or not.
 TX.
 The Board of Directors of this corporatio shall have the power to establish By Laws an make all rules and regulations deemed expe dient for the management of the affairs of thi corporation and the officers thereof, not inco1 sistent with the constitution and laws of tn
 United States and the laws of this Territory.
 IN WITNESS WHEREOF, we have hereunt set our hands and seals this eth day of Novem Der, 1896.
 J. W. EVANS, [seal
 THOS. ARMSTRONG, JR. fseal.l
 J. c. ADAMS, [Seal. TERRITORY OF ARIZONA,