Arizona republican., 1900-12-03

Creighton. c. J. Hall. and Mrs. N. o. Murphy. Toei''g g to incorporate our s'H n4er tLn laws of the Territory t -Arizona, and especially under the provisions of an : ct of the Legislative Assembly of said Territory, entitled An Act Concerning Corporations ap proved March Sth, 1887, and all acts amendatory thereof, for the purpose of engaging in the lawful enterprises, business pursuits and occupatio here matter specified, do make and sub scribe. according to law, these articles of incorporation, and declare:
 The name of this corporation, and by which it shall be known is the Phoenix Country Club; it's principal office and
 place of transacting business is the City of Phoenix, Maricopa County, Arizona Territory, and the time of the commencement of this corporation
 shall be the day of the filing of these articles of incorporation in the office of the County Recorder of said Mari copa County. Arizona Territory, and
 the termination thereof shall be twen ty-five years thereafter.
 The enterprises, pursuits, business occupations and purposes for which this corporation is formed and in which it proposes to engage, are to acquire, | own and sell and generally deal in real i estate and buildings of all kinds, mort i gages, stocks of other corporations. notes, bends, and all kinds of securi- ties or property as shall seem fit or eXpedient to it's Board of Directors, to lease. loan and negotiate rooms,
 houses, apartments and grounds. either for the use of the members of this cor poration, or for the purpose of profit or amusement, to acquire and own a li- brary, art galleries, statuaries, and all goods, wares and mercha ndise, appli ances of furniture, either for the phys | ical or mental improvement and edu-
 cation of the stockholders of this cor poration, CT for the pecuniary profit of this corpora ton itself, to promote so- |. .ciGbility among it's stockholders, to give entertainments and tournaments, and generally to act and engage in such lawful occupations and diversions not in conflict with these articles or the bylaws to be hereafter adopted, to | borrow money and contract to pay the same at such times and in such man. ner and at such rates of interest as shall be determined by the Board of l Directors, to hypothecate, mortgage or ! pledge all, or any part of the property of this corporation now owned or which
 may hereafter be acquired. to secure the payment of any debts which this
 corporation may become legally obliged to pay.
 | The amount of the capital stock of | this corporation shall be Fifteen Thou sand Dollars, divided into Six Hundred shares of the par value of Twenty-Five ! Dollars each, and the times when and
 the conditions upon which it is to be paid in shall be as follows:
 1 The whole or any part of said stock shall be issued immediately upon mak i ing a subscription therefor, but said
 stock shall be fully paid before being ! issued, and not more than one share of
 said stock shall be issued to any one i person. No share of stock shall be as
 sessab,e. except by two-third votes of
 the members of the Board of Directors, and then not exceeding the sum of Twelve Dollars per share in any one year, except by a vote of two-thirds of
 the stockholders present at a meeting called for that purpose.
 8.
 The amount of the par value of each share of the capital stock of this cor poration shall be Twenty-Five Dollars. | The highest amount of indebtedness direct or contingent, to which this cor
 pOration shall subject itself. is the sum i of Ten Thousand ($1O, 100000 Dollars.
 The stockholders of this corporation
 and their private property shall be eX
 empt from all liability for the corpor-
 ate debts of this corporation.
 All the business affairs of this cor poration shall be conducted by board
 of Twelve directors, who shall be elect ed annually from the stockholders at such times and in such manner as shall
 be prescribed by the bylaws of this corporation.
 | The following named persons who are | subscribers to the capital stock of this corporation shall constitute the Board of Directors until the Third Saturday of October, 1901, and until their sue
 cessors duly qualified are elected, viz: L. H. Chalmers, Mrs. Harry J. Jones,
 Mrs. Webster Street, Mrs J. c. Adams, l 4NlIS I1Cy I1uSH &h NSIclSHlOll, Charles c. Randolph, R. Allyn Lewis, E. w. Lewis, Dwight B. Heard, c. J.
 Hall and Mrs. N. O. Murphy.
 g.
 Any person ceasing to be a stock
 holder ceases to be a director, and whenever any stoclxholder ceases to be
 a member of the corporation for any reason provided in the bylaws, his stock may be cancelled by the Beard of | Directors.
 Vacancies in the Board of Directors shall be filled by the remaining mem bers of the Board. Immediately, or as soon as practicable, upon the filing of these articles in the office of the Coun-
 ty Recorder of Maricopa County, the persons above named as directors, shall meet and organize as the Board of Directors, elect officers, adopt bylaws and prescribe in said bylaws the
 method of calling meetings of the