Arizona republican., 1901-11-20

of money and to pay interest thereon. To loan its funds on mortgages, re- payable in monthly installments. To do a general contracting business. To buy and sell building materials. To erect dwellings or store-houses or other buildings, to purchase and improve real estate. and to sell the same. Also to procure grants and franchises from Nations, States and Municipalities. ARTICLE ". Among the powers of the corpora tion shall be the following: To have perpetual succession. to sue and be sued in it's corporation name; to have a common seal which may be altered at pleasure; to render the shares or interest of stockholders transferable: and to provide the mode of making such transfer: and to provide the methods and plans of subscribing to it's capital stock. it's manner of payment, and to adopt rules and regulations as to fines and fortfeitures of stock sub scribed and paid for. for non-payment of stock subscribed and not paid for; to make contracts, acquire and trans fer both real and personal property possession the same powers in such re- spect, private individuals now pos sess; to enact and establish bylaws. rules and regulations deemed neces- sary or expedient for the management of it's affairs, not inconsistent with the laws of the United States or of the Territory of Arizona or the laws of any foreign country in which it may en- gage to transact business.
 ARTICLE V.
 The amount of Capital tSock of this corporation shall be Five Million Dol lars (s5. .OO0 O0O) divided into Fifty nf ha tlf One Hundred Dollars. ($1O0.00). each.
 ARTICLE VT.
 The affairs or business of this cor poration shall be managed or conduct ed by q Board of not less than five Directors. who shall be elected by and from among the list of stockholders of said corporation: said Board of Di- rectors are to be elected annually on the first Tuesday of October of each year. and shall hold their positions as Directors for one year and until their successors are elected, and they shall choose from among their number Il President and one or more Presi- dents at their first meeting after their election as Directors and they shall have the power and authority to elect Il Secretary and q Treasurer and any other officers. and appoint clerks. agents or employees. they may deem necessary for the management of the business of this corporation; all vacan- cies occurring in the Board of Direct ors between the dates of annual cleo ton of directors shall be filled by the remaining members of the Board: and they shall fix the salaries or compen- sation to be allowed the officers and employees of this corporation.
 ARTICLE VII.
 The stockholders of this corporal ton and their private property shall not be liable for the debts of the corpora ton. ARTICLE VIII. The capital stock of this corporation shall be paid for in one of the following manners. to-wit: In cash, or other property at the time of organization of the corporation, or at such other times and places, and in such manner as may be designated by the bylaws. or as may be fixed by resolution of the Board Of Directors.
 ARTICLE TX. This corporation shall begin it's ac- tual corporate existence on the 18th day of November. 1901. the date of which these articles of incorporation are filed with the County Recorder of Maricopa County, Arizona, and shall continue and exist for twenty-five (25) years from that date.
 ARTICLE h. The highest amount of indebtedness or liability to which this corporation 1 is at any time to subject itself shall not exceed two-thirds the amount of it's capital stock.
 ARTICLE NJ. The following persons who are citi- Zens of the United States. and who are subscribers to a portion of the capital stock of this corporation are hereby designated as the first Board of Direc- tors of said corpora tion. and who shall hold said position as Directors until | the first annual meeting of the stock holders on the first Tuesday of october, l 1902, to-wit:
 Maximilian Beer. Gottfried J. Kohl hepp. Edward TIartung. Thomas Sew ard. John c. Kinkel.
 l IN WITNESS WHEREOF the fncor- porators have hereunto set their hands this, the Seventh day of November, 1901.
 MAMMALIAN BEER, (SeaD | EDWARD HARTUNG. (Seal) BOTHERED J. sKOHLHEPP, (SeaI) THOMAS SEWARD, (Seal) JOHN c. KINKEL- (Seal) WITNESS: GEO. w. DALTON. (Notarial SeaL)
 State of New York, City of New York, | Borough of Brooklyn, County of Kings. Ss.
 | Before me, Geo. w. Dalton. Notary Public in and for said County and State. on this day personally appeared Maximilian Beer, Edward Hartung, Gottfried J. Kohlhepp. Thomas Seward. John c. Kirkel, known to me to be the persons whose names are subscribed to the foregoing instrument and acknowl- edged to me that they executed the same for the purposes and considera- tions therein expressed.
 Given under my hand and seal of office this 7th day of November. A. D.. 1901.
 | (SeaLl GEO. w. DALTON,
 Notary Public for said County and State.