Arizona republican., 1901-11-22

| of money and to pay interest thereon. To loan it's funds on mortgages, re- payable in monthly installments. To do 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 ton 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, as private individuals HOW pos sess; to enact and establish bylaws. rules and regulations deemed neces- sary or expedient for the mana cement 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. 600, ,0OO) divided into Fifty Thousand shares of the par value of One Hundred Dollars. (s1C0.0O). each.
 ARTICLE VI.
 Tne affairs or business of this cor poration shall be managed or conduct ed by a Board of not less than five Directors. whn shall be elected by and from among the list of stockholders Of said corporation; said Board of Di- rec tors are 10 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 shal! choose from among their number q Presi idert and one or more Nice-Presi dents their first meeting after their cleo tion as Directors and they shall have the power and authority to elect a Secretary and 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 v2can- Cies occurring in the Board of Direct ors between the dates of annual cleo ton of directors shall be filled by the remaining members O. 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 corporation and their private property shall not be liable for the debts of the corporation.
 ARTICLE VIII.
 The capital stock of this corpora ton shall be paid for in one of the following manners. to-wit: In cash. CT other property at the time of organization of the corporati 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 IN.
 This corporation shall begin it's ac- tual corporate existence on the 18th day of November, 1901. tine date of which these articles of incorpora tion are filed with the County Recorder of Maricopa County, Arizona. and shall continue and exist for twenty-five C25) years from that date.
 ARTICLE N-
 The highest amount of indebtedness or liability to which this corporation is at any time to subject itself shall not exceed two-thirds the amount of it's capital stock.
 ARTICLE XJ.
 The following persons who are citi zens of the United States, and who are subscribers to 2 portion of the capital stock of this corporation are hereby designated SIS the first Board of Direc- tors of said corporation, and who shall hold said position as Directors until the first annual meeting of the stock holders on the firct Tuesday of October, i9c2, to-wit:
 Maximilian Beer, Gottfried J. Kohl iepp. Edward Hartung, Thomas Sew ard. John C. Kinkel IN WITNESS WHEREOF the incor- pora tors have hereunto set their hands this. the Seventh day of November. 1901. MAMMALIAN BEER. (sealD EDWARD HARTUNG, (SealD BOTHERED J. KOHLHEPP. (SealD THOMAS SEWARD. tSealD JOHN C. KINEEL. (Seal) WITNESS: GEO. w. DALTON.
 (Notarial Seal)
 State or New York. City of New York,
 Borough of Brooklyn, County of
 Kings, ss.
 Before me. Geo. w. Dalton. a Notary Public in and for said County and State. on this day personally appeared Maximilian Beer. Edward Hartung, Gottfried I. Nohlhepp. Thomas Seward, John C.. Kinkel. 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 Ith day of November. A. D.. 1901.
 (Seal1 GEO. W. DALTON,
 Notary Public for said County