Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1901-08-27

Ing, heating and motive power, and the
using selling, renting, leasing, bonding
and otherwise dispusing OF the same;
TO do a general real estate and mer-
camille business ito own and control
letters patent and Inventions; and the
doing and performing of any and all
other acts not inconsistent with the
laws of the Territory of Arizona, made
and provided for the government. Of
corporations.
Ill. The amount Of the capital stock
of this corporation shall be Two Nil
lion (s2000,000) Dollars. divided into
Two Million (2,OG0,0O0) shares Of the par
value of one % Dollar each; each fully
paid up and forever -assessable:
and that there shall be issued immedi-
ately after this Incorporation is formed
and created, one ~ share Of the said
capital stock OF said corporation to each
of the individuals named above as in
corporators of this company; said stock
so issued to these individuals being
fully paid up by them and each Of them.
and that said stock and that all stock
to be hereafter issued by this corpora
zion and Directors and Officers thereof,
shall be worcestershire for any purpose
whatever; and thai all of said Stock
shall be paid for Immediately when is
sued by this corporation. and upon DE
livery To the purchasers thereof. Among
the powers Of this body corporate shall
be, To have perpetual succession; to
sue and be sued by it's corporate name
70 have common seal and alter the same
at pleasure. to prescribe the mode OF
making transfers Of stock or interests
Of its stockholders to make contracts
to acquire and transfer property OF
every kind and description, both real
and personal. and 20 possess the same
powers in such respects as private in
dividuals now enjoy; to establish by
, laws and make all rules and regulations
deemed eXpedient for the management
OF It's affairs, no. inconsistent with the
/ laws and Constitution of the United
, States and the laws Of the Territory OF
| Arizona
". The time OF the commencement
/ OF this corporation shall be the date OF
| the filing of these Articles of Incorpo-
ration, in the office of the Secretary Of
/ Arizona. and the termination thereof
shall be twenty-five t25) years there
after
V. The affairs Of this corporation
shall DO conducted in accordance with
. the bylaws established by a Board OF
I Directors to he elected annually by tbs
stockholders of this company, said an
nUal election shall be held on the second
Tuesday of July of each year; the pres
{ ent Board being elected as soon after
tn adoption of ;hese Articles Of Incor.
/ r0ration as q meeting of such stock
holders can be convened the present
! Board serving until the next annua
election. or until their successors are
qualified. No person is eligible to be
Director who is not stockholde:
| thereof and any Director ceasing to BIZ
a stockhold r the Office a. once become,
vacant ana may be filled by the BoarC
of Directors at their next meeting.
VI The highest amount of indebted
ness or liability direct or coming nj t
which this corporation is at any time I,
subject Itself or may incur for an!
purpose shall not exceed over Tel
! Thousand S10.000) Dollars.
/ VII. The private property or I'M
stockholders OF this corporation shat
b. exempt from AMI not liable in an,
case for any Of the debts created by thi
/ corporation
VII. The Board Of Directors of thi'
corporation Mt the time Of its organiza
ton shall consist of nine 90 members
who shall have power to eject the Pres
iien:. First Vice President, Second
Vice President, Secretary and Assistan
Secretary. from their own number; ais
to make bylaws. rules and regulation
necessary to carry into execution TIL
affairs of this company; nothing shall
be inconsistent with the laws of tn
United States or the Territory Of Ari
zCna.
IN WITNESS WHEREOF. we hav,
hereurto set our hands and seals thi
Twenty day of June, Nineteei
Hundred and One.
Names Of