Arizona republican., 1900-11-28

| Murphy, desiring to incorporate our selves under the laws of the Territory 1 of Arizona, and especially under the provisions of an Act of the Legislative Assembly of said Territory. entitled An Act Concerning Corporations ap- proved March 9th. 1887. and all acts amendatory thereof. for the purpose of engaging in the lawful enterprises business pursuits and occupations here matter specified, do make and sub scribe. according to law. these articles of incorporation and declare: The name of this corpora ton, 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 estate and buildings of all kinds. mort gageS, stocks of other corporations. notes. bonds. 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 H. brary, art galleries, statuaries. and all goods, wares and merchandise, appli- anceS of furniture, either for the phys ical or mental improvement and edu cation of the stockholders of this cor poration. or for the pecuniary profit of this corporation itself, to promote so- ciabflity 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
 
 Directors. to hypothecate. mortgage or pledge all, or any part of the property of this corporation now owned or which l may hereafter be acquired. to secure the payment or any debts which this 1 obliged to pay. The amount of the capital stock of IL: 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:
 The whole or any part of said stock shall be issued immediately upon mak ing a subscription therefor, but said | stock shall be fully paid before being issued, and not more than one share of l said stock shall be issued to any one person. No share of stock shall be as 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-thrds of the stockholders present at meeting called for that purpose.
 2.
 The amount of the par value of each share of the capital stock of this cor { poration shall be Twenty-Five Dollars.
 4.
 The highest amount of indebtedness direct or contingent, to which this cor pOra ton shall subject itself is the sum of Ten Thousand ($1O.OOO.O OO) Dollars.
 ..
 The stockholders of this corporation and their private property shall be eX- ampt from all liability for the corpor- ate debts of this corporation.
 6.
 All the business affairs of this cor poration shall be conducted by a board of Twelve directors, who shall be elect ad annually from the stockholders at such times and in such manner as shall be prescribed by the bylaws Of this 
 The following named persons who are to the capital stock of this shall constitute the Board of Directors until the Third Saturday