Arizona republican., 1898-01-30
ARTICLES OF INCORPORATION.
 of the PHOENIX PNEUMO- O-CHEMIC SANA-
 FORUM

of Arizona the underSlgned dO nere-
 by adopt the following arJicles of in-
 corporation:
 I. The names of the incorporators
 are e. F. Underhill, William Law
 renee Woodruff, George B. Richmond,
 John K. Doolittle, and E. A. Wood
 ruff. The name of the corporation
 shall be the Phoenix Pneumo-Chemic
 Sanatorium. Its principal place Of transacting business shall be Phoenix,
 Arizona.
 II. The general nature of the busi-
 ness proposed to be transacted is as follows:
 A. To carry on Sanaaorium busl- 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
 capable of being conveniently carI1ed on in connection herewith or calcu-
 lated either directly or indirectly to enhance the value of or render prof
 itaible 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 1 tenements, hereditame1hs, easements, sites, locaiion and rights of way suit able for sanatorium purposes and all
 real estate, personal property and
 rights in the nature of property neces-
 sary or convenient in the prosecution
 of a hotel or sa3atorium business or
 taken in exchange for debis due, property conveyed, services rendered, l or benefits conferred.
 c. To enter into contract with oth- Fer companies or persons for the foregoing purposes and to enter in 0
 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- l jects of the company and to exercise olrry out and comply with any such agreement or arra ngement or the terms and conditions of such rights | privileges and concessions or fran E 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 1 Or in conjunction with others and to amalgamlalte or unite with any other company altogether or 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
 in specified.
 E. To borrow or naise money by
 mortgage or on bonds, dabentures, ac- ceptances, promissory notes, or other
 securities or properiy of the company
 or any part thereof, and to create a sinking fund from the proceeds of its business or other assets for the pur-
 pose of providing for lthe 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 into one thcr- 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 amendme nt of these ar-
 ticles and to raise the whole or any part thereof or any increased capital at premium or with any preference, guarantee, privilege or other advanr EIage or postponement. Capital stock Eshall be subscribed for, sold, issued | and the price thereof paid in at such litimes for such prices and upon such conditions as the board of directors shall from time to time by resolution E direct, provided, however, that the purchase price of all stock shall be [ fully paid before the certificates there for shall be issued
 E W. The time ot the commencement | of the corporation shall be the twen- I tieth day of January, A. D., 1898, and
 its termination at the end of twenty five years from the date of com | mencemenlt.
 E V. The affairs of the corporation psnal be conducted by a board of five Edirectors, to be elected yearly at the ! regular annual meeting of the stock
 holders. All directors shall be stock | holders in their own right.
 t The officers of the corporhtion shall I be president, vice president, secretary, F treasurer, medical director and solic- ! tor, and such other as the board of | directors may ordain. More than. one office may be held iby the same per
 son. Until the election in 1899, the l dent, c. F. Underhill; vice president
 G. B. Richmond; secretary and ;solci- tor, J. K. Doolittle; medical director and treasurer, William Lawrence
 Woodruff, M.' D. The president and Fvice 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 1oIty thousand dollars. VII. The private property of the
 stockholders of the corporation shall
 not in any event. be liable fer the
 debts 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 melting or adjournment Sthereof the stockholders shall elect a board of directors who shall organ ize by selecting the officers aforesaid ltJ, 11or-