Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-05-07
ARTICLES OF INCORPORATION
OF
STANDARD IRON WORKS.

Arizona. have associated ourselves
together for the purpose of form
ing and organizing and do here
by form and organize ourselves as
and into a corporation under the
laws of the Territory of Arizona for the
purpose of engaging in and carrying on
/ the business hereafter specified and 90
hereby pursuant TO said purpose make,
adopt. sign and acknowledge these Ar
ticles of Incorporation.
Article l.
Section l. The names of the incorpO-
rators are Moses Hughes. William
ter L. Sutton.
Section 2. The name of this corpo-
ration is STANDARD Iron Works
Section 3. The principal place For
the transaction of the business OF this
corporation is the City of Phoenix.
Maricopa County. Arizona. Provided,
however. that this corporation may
transact business in such other place CT
| places as its business may require, and
may mairtain an office or offices at
such place or places as it's Board of
Directors may by resolution prescribe,
and at such office or offices its Beard
of Directors may meet and transact the
business of the corporation.
Article II.
Section !. This corporation shall
commence at the time of the filing
for record of it's Articles of In
corporation in the office of the
County Recorder of Maricopa
| County. Arizona, and the filing of
a certified copy thereof with the Sec
rotary of the Territory of Arizona. And
! it shall endure for twenty-five 90
years thereafter.
Article III.
| Section l. The capital stock of this
corporation shall be Fifteen Thousand
Dollars ($15O0O) divided into Six hun
bred 5000 shares OF the par value Of
Twenty-Five Dollars (S25) each.
Section ,. The capital stock of this
corporation shall be fully paid in cash
or its equivalent in property. labor or
services when subscribed and no stock
shall be issued until fully paid for.
Section 3. Assessments upon the
capital stock of the corporation may be
made by resolution of the stockholders
for the purpose of paying debts or eX
tending the business of the corpora
ton; and payments thereon enforced
by sale of the stock under bylaws md
rules to be adopted by the corporation
or Board of Directors. provided. how
! ever that the aggregate of all assess
ments shall not exceed fifty (50) per
cent of the par value q tne stock. and
private property Of stockholders shall
not he liable for such assessments but
by sale and forfeiture of the stock only
Article N.
Il Section l. The general nature of the
L business to BE transacted by this cor
poration is that of foundry-men and
machinists: the manufacture. purchase
and sale of engines, boilers and ma
chine1.y ard castings of all kinds i'll
Guiding the erection and equipment Of
mills. manufactures and mining plants
and the buying. holding. owning. leas-
ing. selling and dealing in all kinds Of
property both real and personal the
making of contracts, acquiring and
transferring property and possessing
the same powers in such respects as
private individuals now enjoy.
Article Y.
Section l. The highest amount OF in
debteGness or liability direct or con-
tingent TO which this corporation shall
at any time subject itself shall in no
! case exceed Ten thousand Dollars
$50 ,OO0).
Section .. This corporation may Dor
same at such times and at such rates
of interest as its Board of Directors
may determine. and may lease, mort
! gage, pledge or hypothecate all or any
part of its property to secure pay
ment of its debts or loans and on such
i terms as its Board of Directors may
determine.
Article VI.
Section 1. The stockholders of this
corporation and their private property
! snail be forever exempt from all cor
porate debts of this corporation.
Article VII.
Section /. The affairs of this corpo-
ration shall be managed and controlled
by Il Board of Directors composed Of
three 80 stockholders hereof who shall
be elected annually by the stockhold-
ers on the second Monday of January
of each year at the hour Of O'Clock p.
m. at the Office OF the company n
Phoenix. Arizona.
Section .. The Directors shall hold
office for one year and until their sue
cessors are elected and qualified.
Section s. Directors ceasing to be
stockholders shall cease to be Directors
or officers of this corporation.
Section 4. Vacancies in the Board of
Directors or officers OF TINS corporal ton
shall be filled fer the unexpired term
by the remaining members of the
Board of Directors.
Article VII.
Section 1. The officers of this corpo-
ration shall be Il President. Vice Pres
ident. Secretary and Treasurer, who
shall be elected annually by the Board
of Directors at the first meeting after
the annual meeting of the stockholders.
The Vice President and Secretary.
or Secretary and Treasurer. or
the President and Treasurer may
! be one and the same person. The
President shall he the chief executive
officer of the corporation. and shall
have the general management of 81
its affairs. sGJiect To the approval Of
the Board o: Directors. And until the
j annual meeting of january. 1908 the
following named persons shall be the
Directors of this corporation. viz:
Moses Hughes. William Griffith ana
Z I.9vcrie 9. Hughes.
Section =. All certificates of stock,