Arizona republican., 1902-01-28


ness OF said Cooperation within the Ter
ritory of Arizona is to be transacted is
Phoenix Maricopa County. Arizona,
and the principal place OF business of
said Corporation outside the Territory
of Arizona shall be the city of Nome. II,
the District OF Alaska, at which meet
ings of the Board of Directors may be
held or at any of it's branch Offices, and
tSe Corpora ton may have such branch
offices either within or without the Ter
ritory of Arizona, as may be estab-
lished by the Board of Directors.
Second:
The general nature of the business
proposed to be transacted by this Cor
poratioI. is as follows. to-wit:
To purchase. lease, bond. locate or
otherwise acquire, own. exchange. sell
CT otherwise dispose of. pledge, mort
gage. hypothecate and deal In real es-
tate and any and all kinds of personai
property- mines. mining claims, Oil
lands. mineral lands, oil, gas. as
phaltum. petroleum, water and water
rights and machinery, and to work
mine, explore. operate and develop the
same: to do general real estate, trans
portatioc, manufa featuring and mercan-
tile businesses, respectively: to own
handle and control letters patent and
Inventions and shares of capital stock
of other corporations; to borrow money
and execute notes, bonds. mortgages or
dc eds of trust to secure the same, and
to exercise in respect of all such bonds
mortgages, notes, shares of capital
stock and other securities and obliga-
lions any and all rights, powers and
privileges of individual owners thereof
including the right to vote upon any
shares of stock held by it to the same
extent that a natural person might or
could do and in general to do all things
necessary to the proper conduct OF the
business of this Corporation in the Ter
ritory and elsewhere not inconsistent
with the laws of the United States and
the Territory of Arizona.
Third:
The authorized amount of capital
stock Of this Corporation shall be Ter
Million Dollars $50, 600. OOO), divided into
ten million shares of the par value of
One Dollar ($1.OO) each. At such time
as the Board of Directors may by reso-
luton direct, said capital stock shall be
paid into this Corporation either in
cash or by the sale and transfer to it of
real or personal property for the uses
and purposes of said Corporation, in
payment for which shares or the cap
ital stock of said Corporation may be
issued, and the capital stock so issued
shall thereupon and thereby become
and be fully paid up and non-assess-
able. and in the absence or actual fraud
in the transaction the judgment of the
Directors as to the value or the prop
erty purchased shall be conclusive
Fourth:
The time of the commencement of
this Corpora ton shall be the date of
the filing of these Articles of Incorpora-
ton in the office of the Secretary of
Arizona. and the termination thereof
shall be twenty-five years thereafter.
Fifth.
The affairs of this Corporation shall
be conducted by a Board of fifteen Dr.
rectors and the following named shall
constitute the Board OF Directors until
their successors are elected and vacan-
cies filed: r. Ogden Doremus, z. Rob
ert Steiner. Ira Mowery. Henry w. c.
Somborn. William s. Harlan, John E.
Liederman, John F. Hoke. Jesse LARA
ee, John =. Kraemer and Ernest p
Brook. Thereafter the Board of Di-
rectors shall be elected from among the
stockholders as the bylaws OF the Cor
roration may provide.
Sixth:
The highest amount OF indebtedness
or liability. direct or contingent, to
which this Corporation is at any time
subject shall be Three Hundred and
Fifty Thousand Dollars Cs35O, OOO).
Seventh:
The private property of the stock
holders of this Corporation shall be
exempt from corporate debts of any
kind whatsoever.
IN WlTNES WHEREOF, We have
hereunto set our hands and seals this
eighteenth day of December 1901
WILLIAM s. HARLAN (SeaD
JOHN f. LIEDERMAN (SeaD
JOHN +. HOKE. (SeaD
JESSE LARRABEE, (SeaD
ERNEST p. BROOK, (SeaD
r. OGDEN DOREMUS (SeaD
IkA MOWERf, (SeaD
HENRY w. c.. SOMBORN (SeaD
E RORErRT S,rIrI IrIo 1SonI II