Arizona republican., 1898-01-31
ARTICLES OF INCORPORATION
 of the PHOENIX FNEUlMO-CH SANA-
 FORUM.

For the purpose Of forming cOrpor- ation under and pursuant to the laws 1 of Arizona the undersigned do here bv adopt the following ar r,icles of in corporation:
 I. The names of the inoorporators are c. F. Underhill, William Law renee Woodruff, George B. Richmond, John K. Doolittle, and E. A. Wood ruff. The name of the corporation l shall be the Phoenix Pneumo-Chemtc e Sanatorium. Its principal place of trapsacting busipe ess shall be Phoenix, Arizona.
 II. The general nature of the busi- ness proposed to be transacted is as | follows:
 A. To carry on a sana-orium Dusl- ness and any business undertaking | transaction or operation commonly prosecuted or undertaken by sanator- | ium companies and any other busi- ness which may seem to the company I capable of being conveniently carried on in connection herewith CT c2lcu- lated either directly or indirectly to enhance the value of or render prof italble any of the company's property or rights.
 B. To buy, own, lease, build, ap- propriate, acquire, equip, improve, de velop, operate, sell, convey, rent, ex- change or other wise dispose of lands tenemenfs, hereditame. It's, easements, sites, locations and rights Of way suit able for sanatorium purposes and all real estate, personal property and rights in the nature of property necss- sary or convenient in the prosecution of a hotel or saratoTium business or taken in exchange for debts due, property conveyed, services rendered, or benefits conferred.
 c. To enter into contract with oth- CT companies or persons for the foregoing purposes and to enter in 0 ! ary agreement or arran cement with any authorities, supreme, state, terri torial, municipal, local or otherwise, or to obtain from the aforesaid au dhorities or any of them any righ;s privileges, concessions or franchises which may seem conducive to the Ob- jects of the company and to exercise CITY out and comply with any such agreement or arran ngement or the terms and conditions of such rights privileges and concessions or fran chises.
 D. To do all or any of the aforesaid as principal agent, contractor trustee, or otherwise, and that by or through trustees, agents, or otherwise, and either alone Or in conjunction with others and to amalgamate or unite with any other company altogether or in part, similar in it's objec,s or purposes, to this company, and ito do all such things as are incidental or conducive to the attainment of the objects here in specified.
 E. To borrow or mise money by mortgage or on bonds, ddben,uIes, ac- ceptances, promissory notes, or other securities or prOper;y of the company or any pzrt thereof, and to create a sinking fund from the proceeds of its business or other assets for the pur- pose of providing for the payment cf it's debts or the interest thereon.
 III. The capital stock of this cor poration shall be one hundred thou sand dollars, divided in-o one thcu- sand shares of one hundred dollars 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 clpital at premium or with any preference, E guarantee, privilege or other advan- 'lage or postponement. Capital stock shall be subscribed for, sold, issued and the price thereof paid in at such times for such prices and upon such ! conditions as the bolard of directors shall from time to time by resolution direct, provided, however, that the h np I,ol h fully paid before the certificates there for shall be issued.
 ". The time ot the commencement of the corporation shall be the twen- tieth day of January, A. D., 1898, and its termination at the end of twenty , five years from the date of com mencement.
 " The affairs of the corporation snail be conducted by a board of five directors, to be elected yearly at the regular annual meeting of the stock holders. All directors shall be sock holders in their own right. The officers of the corporation shall be president vice president, secretary, treasurer, medical director and solc = tor, and such other as the board of 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: Presi- dent, C. F. Underhill; vice president, c. B. Richmond; secretary and sol:ci- tor, J. K. Doolfltle; medical director and treasurer, William Lawrence Woodruff, M. D. The president and vice president shall be members of the board of directors
 VI. The highest amount Of indebt- edness or liability to which the cor poration is at any time to subject it. self shall be 1orty thousand dollars.
 VII. The private properhy of the stockholders of the corpoT!ation shall not in any event. be liable fer the debts of the corporation.
 VIII. Regular meetings of the stockholders of the corporation shal he held annually on the second Mon- day of January in each year, and at each annual meeting or adjournment thereof the stockholders shall elect a board of directors who shall organ