Arizona republican., 1896-11-26

ona, and the time of the commencement of 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 shall be twenty-five (25) years thereafter.
 The enterprise, pursuit, business and occu- patton in which this corporation propo> es to engage IS that ot acquiring by purchase and any other lawful m4nner, real estate, lands and al other kinds of property, real personal s''c mixed; borrowing GI:c ,cG---::r.- .i5.e; 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 bust ness Incident thereto; leasing buying and sell Ing, dlscounting, holding and dealing in all sdr9 kinos 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 DanKaole paper, and loaning money on such terms and conditions as the managing officer or officers of the corporatio may determine TOT itself and as agent for others, buying, sell ing ana dea1ng In all kinds ot property, real, personal and mixed, transacting any and ali kinds Of business which may be transacted by a na tural person, to hold, cultivate, prove up use and enjoy the same, and to alienate, sell. lease, demise and dispose of the same or any paltthereof, as well as Of any other property this corporation possesses, be seized of or be entltied to; to borrow money and contract to pay the same at such time or times, and with tuch rate or rates of interest as it's managing officer or officers deem proper and see fit; and to nypotheeate. mortgage or pledge all or any and a ali GI or hs aPT psi of of ha s may hereafter acquire; to secure payment of such 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 nave its principal office and place of business is the City of Phoenix, in the County of Mari cops, Territory of Arizona.
 The amount of the capital stock of this cor poration shall be Fifty Thousand (ssO,OOO) Dol lars, divided into Five Hundred (5OO) shares, of the par value of One Hundred (s1O0) 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.
 | The amount of the par value of each share of the capital stock of this corporation shall be | One Hundred (slOO) Dollars.
 l VI.
 The highest amount of indebtedness or liabil-
 
 | tion is at any time to De subject IS the sum of Fifty Thousand ,O00) Dollars. VII.
 | The stockholders in this corporation, and their private property, shall be exempt from the corporate debts of this corporation. l VIII.
 The affairs of this corporation are and they | shall be, condut ted by Board of Directors consisting of three (3) persons, who shall be 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 this corporation, and hereafter no person shall De eligible to the office of Directorunless he is stock kholder 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 fit, and vest in such officer or off cers and said committee committees all such powers as they may deem expedient.
 The following named persons, who are sub. scribers to the capital stock of this corpOr ton, shall constitute the Board of Directors of this corporation until November g. 1897, or until their successors duly qualified, shall be elected, to wit: J. W. Evans, Thomas Armstrong. IT,. and J. c. Adams: Any person ceasing to be a stockhOlder shall ceaee to be a director.
 Vacancies in the Board of Directors shall be filled by the remaining members of the board
 Immediately, or as soon as practicable after tue nllIg OI these drllCles III Ln6 once or the County Recor CT of the County of Maricopa. Territory of Arizona, the pelson named here in as Directors to serve until November g, 1897, or until their successor or successors duly qualified, shall he elected shall meet and organize Board of Directors adopt By Laws ard prescribe in said Bylaws the method of calling meetings of the Board of Directors and stockholders. majority of said Directors shall be a quorum, and any meeting of said Board at which a quorum IS present shall be deemed regu ar meeting and have the same authority as a full Board, whether notice of the meeting to the absen: members of the Board shall have been gwen or not.
 The Board of Directors of this corporation 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 hereuntc set our hands and seals this 9th day of Novem- Der, 1896.
 J. w. EVANS. [Seal.] THOS. ARMSTRONG, JR. [Seal] . J. c. ADAMS, [Seal.l TERRITORY OF ARIZONA, 6.
 COUNTY OF MARICoPA. '''