Arizona republican., 1896-03-12
ARTICLES OF INCORPORATION
 -OF- The Parkinson Elevator Company.
now All Men By These Presents:

Know All Men By These Presents:
 That we, the undersigned, do hereby certify that we have associated ourselves and bv those presents do associated ourselves for the purpose o1 forming corporation and being incorpora- ted under and by virtue Of the laws of the Ter. rltory of Arizona, with the name and for the purpose hereinafter written, and we do further certify and set forth:
 FIRST. That the names of the corporators are Dr H. W. Westlake, John J. Bergin. Wybro & Lawrence, a partnership composed of George w. Lawrence and H. c. Wybro, John Parkin- son. w. G. Ccgswell and Henry T Hazerd, and. the name of this corporation shall be and Is HE PARKINSON ELEVATOR COMPANY ana the principal place of it's business shall be at PhRnix in said Territory of Arizona.
 SECOND. Te general nature of the business proposed to be transacted by said corporation IS that of manufacturing, constructing, build Ing and selling elevators and lifting machinery ana hftlng power for mines and buildings and to borrow and loan moneys es may be required In the transacting of their sal business, and to buy and to sell real or personal property as the same may be required in the transacting of thelr said business, and to use in the transac- tlon Of said business various systems and pa. tents and patent rights, and more particularly the Parkinson system for the manufacture of elevators and lifting power and said corpora- uon shall have the power 10 buy, sell, lease, own and enjoy patent rights and other devices used or to be used in their said business, and to adopt other and different systems whenever it snail seem convenient and necessary in order to accomplish the said purposes for which the sald company is incorporated. And in the transaction of their said business to mortgage, nypothecate or pledge it's fran, ,h1ses and property, real, personal or mixed, to secure the payment of money borrowed or other1ndebted- ness' ana to have and exercise all and every of the business above mentioned or necessarily in- ciuoeo Tn those mentioned, or to effect the purposes of said corporation, and to adopt and use a seal ID the transaction of it's business
 THIRD. The amount of Capital Stock author. lzed to be used by this corporation shall be One Million Dollars, divided into shares of the par value Of One Hundred Dollars each, ten per cent of which is paid in in cash at the time of ming these articles, and the times when the remainder of said Capital Stock shall be aid Ill are nve Der cent Of said Capital Stock when ordered by the Directors of this corporation ana IL IS not expected that more snall be re- qulreo, but additional payments of Capital 0'oSA k holders may hereafter agree upon.
 FOURTH. That the time of commencement of this corporation shall be February twenty-ffth. 1896, and the term of it's existence shall be twenty-five years.
 FIFTH The Officers of said corporation shall be 8 Board Of Directors consisting of five mem- bers. one Of whom shall be a president and the other officers of said corporation shall be secretary and general business manager, but the office of president and general business manager may be filled by one and the same person, also treasurer. The treasurer may be a corporation and need not be shareholder. All other officers and directors shall be share holoers. All ofhcers Of this corporation are to be elected annually on the twenty-ffth of February The officers of said corporation for the first year shall be: Dr. H. W. Westlake. President; John Parkinson, General Manager; Henry T. Hazard, Secretary; The National Bank of California, situated at the city of Los Angeles, California. Treasurer, and the Direct ors shall be Dr. H. W Westlake, John J. Der. gin, John Parkinson, W. c. Cogsweu and Hen ry T. Hazard
 SIXTH. The highest amount of indebtedness or liability to which the corporation shall be subjected is $25O,OOO. %.
 SEVENTH The private property of the stock holders of this corporation shall be exempt from liability for corporate debts
 EIGHTH Owing to the nature of the business Of this corporation. especially in the making. l building and operating elevators, it will be | necessary and 1t IS intended that & large 1 amount Of the business of the corporation will l be transacted in other States and Territories of | the united States, other than the Territory of 1 ri nd icf operations of this corporation in it's said busi- ness to any and all the States and Territories where opportunities for such business may offer, and that meetings of the Board of Direct DTS of said corporation may be held beyond the limits of said Territory as the necessities of the corporation may indicate or require.
 NINTH The Board of Directors shall have power to make such prudential by laws as they nay deem proper for the management of the affalrs Of this corporation, not in conflict with he laws of the Territory of Arizona Or of the United States
 The following are the amounts of Capital Stock already subscribed, and the names of the subscribers:
 Dr. H. W. 10 shares John J. Bergin 10 shares N ybro G Lawrence nce............ 35 shares onn Fatklnson. .9573 shares ~" c. Cogswen. .................. 50 shares d- I. Hazard. ............-...-....... P shares IN WITNESS WHEREOF, we have hereunto et our hands and seals this twenty-frst day of A. D One Thousand Eight Hundred md Nirety six
 DR. H. W. WEsTLAKE, [Seal.l
 JOHN J. BERGEN. T5eal1
 WYBRO & &LAWRENCE, ISeal1
 by H. c. Wybro.
 JOHN PARKINSON TSeal