Arizona republican., 1896-07-04


 under the provisions of an act of the Legisla- tive Assembly of said Territory entitled "An Act Concerning Corporations, approved March 8th, 1887, and all acts amendatory thereof, for the purpose of engaging in the lawful enter prises, business pursuits and occupations here matter specified. do make and subscribe ac- cording to law, these articles of incorporation, and declare
 The name of this corporation and by which It shall be known is The Maricopa Club; its principal office and place of transacting busi- ness is the City of Phoenix, Maricopa County, Arizona Territory, and the time of the com mencement of this corporation shall be the day of the filing of these articles of inccrpor at1on in the office of the County Recorder of said Mari copa County, Arizona Territory, and the term ination thereof shall be twenty-five years thereafter. o The enterprises, pursuits, business occupa- tions and purposes for which this corporation is formed and in which it proposes to engage are to acquire, own and sell. and generally to deal in real estate, and buildings of all kinds, mortgages, stocks of other corporations, notes, bonds, and all kinds of securities or property as shall seem fit or expedient to its Board of houses or apartments, either for the use of the members of this corporation or for purposes of profit, to acquire and own library art gal leries. statuaries, and all goods, wares and merchandise, appliances of furniture, either for the physical or mental improvement and education of the stockholders of this corpora tiOn, or for the pecunlary profit of this corpora- tion itself, to promote sociability among its stockholders, to give entertainments and gene rally to act and engage in such lawful occupa- tions and diversions not in conflict with these articles or the bylaws to be hereafter adopted, to borrow money and contract to repay the same at such times and in such maneer and at such rates of interest as shall be determined by it's Board of Directors to hppothecate, mort gage or edge all or any part of the property Of this corporation now owned or which may hnr ar hn r0d of any debts which this corporation may be come legally obligated to pay.
 The amount of the capital stock of this cor poration shall be fifty thousand (s5O,O0O .0U dol the par value Of twenty-five (s25. .0O dollars each. and the times when and the conditions upon which is is to be paid in shall be as fol- lows;
 The whole or any part of said stock shall be 1 iss0ed immediately upon making subscription therefor, but said stock shall be fully paid be- 1 fore being issued. and not more than one snare of said stock shall be issued to any one person. No share of stock sball be accessible, except | by unanimous consent of all the members Of l the Board of Director, and then not exceeding the sum of five (s5 OO) dollars per share in any one year. except by vote Of two-thlrds ot the stockholders present at meeting called for that purpose.
 The amount of the par value of each share of the capital stock of this corporation shall be l ($25.0O dollars.
 The highest amount of indebtedness, direct or contingent, to which this corporation shal! subject itself is the sum Of thirty thousand l ($3O 000) dollars.
 The stockholders of this corporation and | their private property shall be exempt from all liability for the corporate debts ot this cor poration. shall be conducted by Board of nine Direct 1 ors, who shall be elected annually from the stockholders at such times and in such man. psr as shall be prescribed by the by laws of | this corporation.
 The following named persons who are sub scribers to the capital stock of this corporation shall constitute the Board of Directors until the first Wednesday of october, 1896, and until viz: Walter Talbot, L. E: Hewins, B. E. Heighton. Ancn Martin, J. v. Ben ham. T. w. Hine, W. L. Pinney, F. W. Wood, T. E. Dalton. Any person ceasing to be @ stockholder shall holder ceases to be member Of the corpora tion for any reason provided in the bylaws his stock may be cancelled by the Board o1 Directors.
 | Vacancies in the Board of Directors shall be filled by the remaining members of the Board Immediately, or as soon as practicable, upon the filing of these article in the office of the County Recorder of Maricopa County, the per sons above named as Directors shall meet and organize as the Board of Directors, elect off cers, adopt bylaws and prescribe ln said by laws the method of calling meetings of the Board of Directors and of the stockholders.
 Five of s aid Directors shall constitute quorum, and any meeting of the board a which quorum is present shall be a regular meeting and have the same authority as full board, except as herein otherwise provided.
 Said Board of Directors shall have the power to adopt bylaws and make all rules and iegula tions deemed expedient for the management o this corporation, to employ and discharge al persons whenever necessary, to enter into contract for this corporation and generally to prescribe restrictions on the issuance an6 forfeiture of stock, and to do all thing for the welfare and interest of thls COT poration as to them shall seem fit and ex ped :ent not inconsistent with the laws of tht United States or the laws of the Territory G Arizona.
 IN WITNESS WHEREOF, we have caused these presents to be executed this 10th day O June, 1896.
 H. E. LEIGHTON,
 T. w. HINE,
 L. E. HEWINS,
 J. w. BENHAM, | w. L. PINNEY. | ANGEL MARTIN,