Arizona republican., 1896-07-07

ldWs or tQe 1errlCOry OI ATllOua, ana especially under the provisions of an act of the Legisla- | tive Assembly of said Territory entitled "An l Act Concerning Corporations" |" approved March l 6th, 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, i and declare:
 The name of this corporation and by which | 1t shall be known is The Maricops 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 incorporation in l he office of the County Recorder of said Mari | copa County, Arizona Territory, and the term ination thereof shall be twenty-five years | thereafter.
 1 The enterprises, pursuits, business occupa- tions and purposes for which this corporation is formed and in which it proposes to engage deal in real estate, and buildings of all kinds, 1 mortgages, stocks of other corporations, notes, bonds, and all kinds of securities or property as shall seem fit or expedient to it's 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 ti0n, or for the pecunlary profit of this corpora tion itself to promote sociability among it's stockholders, to give entertainments and gene rally to act and engage in such lawful nccupa- tions and diversions not in conflict with these articles or the bylaws to be hereafter adopted, to borrow money and contract to repay the I same at such times and in such maneer and at l such rates of interest as shall be determined by it's Board of Directors. to hppothecate, mort gage or pie 1ge all or any part of the property of this corporation now owned or which may hereafter aCOu1rad. 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 ($50,0oO 0O) dol lars, divided into two thousand (200O) shares of the par value of twenty five (s2500) dollars each, and the times when and the conditions upon which it is to be paid in shall be as fol- lows:
 The whole or any part of said stock shall be issued immediately upon making subscription therefor, but said stock shall be fully paid be- fore being issued. and not more than one share of said stock shall be issued to any one person. No share of stock shall be accessible, except by unanimous consent of all the members of the Board of Directors, and then not exceeding one year, except by vote of two-t thirds of 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 (s25.0O dollars.
 The highest amount of indebtedness, direct or contingent, to which this corporation shall subject itself is the sum of thirty thousand (s30 000) dollars.
 The stockholders of this corporation and their private property shall be exempt from all liability for the corporate debts of this cor poration.
 All the business affairs of this corporation shall be conducted by Board of nine Direct ors, who shall be elected annually from the stockholders at such times and in such man ner 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 thelr successors duly qualified are elected, viz: Walter Talbot, L. E. Hewins. H. E. Leighton. Ancil Martin, J. ". Ben nam. T. W.
 Any person ceasing to be stockholder shall cease to be director. and whenever any stock holder ceases to be & member of the corpora. tion for any reason provided in the bylaws, his stock may be cancelled by the Board of Directors.
 Vacancies in the Beard 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 in said by laws the method of calling meetings of the Board of Directors and of the stockholders.
 Five of s aid Directors shall constitute a quorum, and any meeting of the board at which quorum is present shall be 6 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 by laws and make all rules and legula- tions deemed expedient for the management of this corporation, to employ and discharge all persons whenever necessary, to enter into contract for this corporation and generally to prescribe restrictions on the issuance and forfeiture of stock, and to do all things for the welfare and interest of this cor poration as to them shall seem fit and ex- pedIent not inconsistent with the laws of the United States or the laws of the Territory Of Arizona.
 IN WITNESS WHEREOF, we have caused these presents to be executed this 10th day of