Arizona republican., 1898-02-02
ARTICLES OF INCORPORATION
 of the PHOENIX FNEUMO-CHEMIC SANA-
 FORUM.

For the purpose of forming a corpor- ation under and pursuant to the laws of Arizona the undersigned do here by adopt the following ar ticks of in corporation:
 I. The names of the incorporators are c. F. Underhill, William Law renee Woodruff, George B. Richmond, John K. Doolittle, and B. A. Wood ruff. The name of the corporation shall be the Phoenix Pneumo-Chs m.c Sanatorium Its principal place Of ransacting business 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 busi- 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 carried on in connection herewith or calcu- la;ed either directly or indirectly to enhance the value of or render prof itable any of the company's property or rights.
 B. To buy. own, lease, build, ap propriate, acQuire, equip, improve, de- velop, operate, sell, convey, rem, ex- change or ether wise dispose of lands tenements, hereditame: It's, easements sites, locaiions and rights of way suit able for sanatorium purposes and all real estate, personal property and rights in the nature of property neces- sary CT convenient in the prosecution of a hotel or sauatorium business or taken in exchange for deb,s 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 agrs emeEE. CT 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 O5 jects of the company and to exercise clrry out and comply with any such agreement or arrangement or the terms and conditions of such rights privileges and concessions or fran chises.
 D. To do all or any of lhe aforesaid az 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 to do all such things as are incidental or conducive to the attainment of the objacts here in specified.
 E. To borrow or n2isa money by mortgage or on bonds, 'dsbenlures, 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 bushes ss 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 sand dollars, divided into 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-
  ticles and to raise the whole or any part thereof or any increased c1picai at 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 times for such prices and upon such conditions as the board of directors shall from time to time by resolution direct, provided, however, that the purchase price of all stock shall be fully paid before the certificates there for shall be issued.
 ". The time ot the commencament of the corporation shall be the twen- tieth day of January, A. D., 1898, and Ids termination at the end of twenty five years from the date of com mencement.
 V. The affairs of the corporation snail be conducted by 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 t treasurer, medical director and solic = 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, G. B. Richmond; secretary and sol;ci- tor, J. K Dooli5tle; 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 forty thousand dollars. VII. The private property of the stockholders of the corporation shall not in any event. be liable for 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 oa nh ann1Il91 mnc ting or adiO1Irnnen ent