Arizona republican., 1898-02-01
ARTICLES OF INCORPORATION
 of the PHOENIX PNEUMO- -CHEIIC SANA-
 FORUM.

ation under and pursuant to the laws i of Arizona the undersigned do here
 by adopt the following ar,icles of in
 corporation:
 I. The names of the operators
 are c. F. Underhill, William Law
 renee Woodruff, George B. Richmond,
 John K. Doolittle, and E. A. Wood
 ruff. The name of the co. poraItion
 shall be the Phoenix Pneumo-Chem mic
 Sanatorium. Its principal place of
 transacting business shall be Phoenix, i Arizona.
 ! II. The general nature of the busE- ness proposed to be transacted is as
 follows:
 A. To carry on a sana1Orium buS1-
 ness and any business undertaking
 transaction or operation commonly
 prosecuted or undertaken by sanatOI- 1 ium companies and any other busi-
 ness which may seem to the company
 capable of being conveniently carlied
 on in connection herewith CT calcu-
 laied either directly or indirectly to
 enhance the value of or render prof l itable any of the company's property
 or rights.
 E. To buy, own, lease, build, ap-
 proprfate, acquire, equip, improve, de
 velOp. operate, sell, convey, rent, ex- change or ether wise dispose of lands | tenements, hereditame. It's, easements
 sites. locations and rights of way suit
 able for anatorium purposes and all
 real estate, personal property and
 rights in the nature of property necss- 1 sary or convenient in the prosecution of hotel or saratorium business or
 taken in exchange for debts due, |. property conveyed, services rendered,
 or benefits conferred.
 i c. To enter into contract With Oth-
 CT companies .or persons for the | foregoing purposes and to enter in Q
 any agreement or arrangement with any authorities, supreme, state, terri .torial, municipal, local or otherwise, | or to obtain from the aforesaid au-
 thorities or any Of them any rights, | privileges, concessions or franchises
 which may seem conducive to the ob- 1 jects of the company and to exercise GETTY cut and comply with any such 1 agreement or arra ngement Or the
 terms and conditions of such rights 1 privileges and concessions or fran l c1ises
 D. To do all or any of the aforesaid
 as principal agent, contractor
 trustee, or otherwise, and that 1 by or through trustees, agents 1 or otherwise, and either alone 1 Or in conjunction with others and to amalgamate or unite with any l other company altogether CT in part similar in it's objects or purposes. to | this company, and ito do all such
 things as are incidental or conducive
 to the attainment of the objects here 1 in specified.
 E. To borrow or naise money by
 mortgage or on bonds, daben,ures, ac-
 ceptances, promissory notes, or other | securities or property of the company
 or any part thereof, and to create a sinking fund from the proceeds of its l business or other assets for the pur- | pose of providing for the payment ci | it's debts or the interest thereon. I III. The capital stock of this cor | poration shall be one hundred thou sand dollars, divided into one thcu- ! sand shares of one hundred dollars i each, and the company shall have | power to increase, subdivide, classify | or reduce the capital for the time be- | ing by the amendment of these ar | ticles and to raise the whole or any | part thereof or any increased capital Fat a premium or with any preference $guarantee, privilege or other advan-
 tage or postponement. Capital stock
 shall be subscribed for, sold, issued
 and the price thereof paid in at such 1 times for such prices and upon such conditions as the board of directors shall from time to time by resolution l direct, provided, however, that 1he purchase price of all stock shall be | fully paid before the certificates there for shall be issued
 l ". The time ot the commencement of the corporation shall be the twen- | tieth day of January, A. D., 1898, and l its termination at the end of twenty k five years from the date of com- Emencement.
 r V. The affairs of the corporation |, shall be conducted by board of five directors, to be elected yearly at the regular annual meeting of the stock r holders. All directors shall be sock holders in their own right.
 l. The officers of the corporation shall Ebe president, vice president, secretary l2treasurer, medical director and solic | tor, and such other as the board oi directors may ordain. More than one [ office may be held by the same per son. Until the election in 1899, the | officers shall be as follows: P1esi- f dent, C. F. UndArhill; vice president | G. B. Richmond; secretary and sol;ci- Etor, J. K. Doolfctle; medical director r and treasurer, William Lawrepce
 Woodruff, M. D. The president and Twice president shall be members of the | board of directors.
 l VI. The highest amount of inLebt- | edness or liability to which the cor
 por.ation is at any time to subject it.
 self shall be forty thousand dollars. r VII. The private properhy of the Stockholders of the corpor!ation shall not in any event. be liable fer the kdebts of the corporation.
 VIII Regular meetings of the stockholders of the corporation shall he held annually on the second Mon-
 day of January in each year, and at
 each annuad meeting or adjournment Ethereof the stockholders shall cleo
 a board of directors who shall organ