The Arizona sentinel., 1902-05-28
ARTICLES OF INCORPORATION
 Pacific Registry Company.

Know all men by. these presents that We the undersigned residents of the City of Los An | geleS, County of Los Angeles, State of Calffor nia, have this day associated ourselves together for the purpose of organizing and conducting a l corporation under the laws of the Territory of Arizona, and to that end do certify the follow ing:
 That the name of said corporation shall be the Pacific Registry Company and its principal place of business shall be the City of Yuma, county of Yuma, Territory of Arizona It may also maintain such branch offices, either within or without said Territory of Arizona as it's Board of Directors may at any time designate at which said branch offices meetings of said Board or Directors and stockholders may be i nUiu sno s any or all Of it's corporate business l may be transacted.
 That the purpose for which this coruoratfon IS organized and the general nature of its busi- ness IS to engage In general insurance broker l age DuSlness; to negotiate for buy sell deal ln or otherwise handle policies of insnr ance of every kind character and descrintion issued by other persons or corporations and to | carry on the general business of an insurance or underwriting agency; to purchase and ae qu1re, out of it's surplus profits shares Inf inc capital stock of this corporations: to acquire own handle. ouy sell or otherwise control real and personal property of all and every charac- ter incidental to conducting the business of this corporation; to do any and all things necessary or incidental to the proper conduct of such gem eraI insurance brokerage business. in said Ter | r1tory Of Arizona and elsewhere, not inconsist- ent with the laws of the United States or of said Territory of Arizona. | III.
 That the capital stock of this corporation shall be S0.0OO, divided into 10000 shares of the par value of One Dollar each.
 That the said authorized capital stock shall | De divided into two classes, to wit: Preferred | Capital Stock and Common Capital Stock that IS to say there shall be 5000 of authorized Pre- ferred Capital Stock and SSOOO of Common Cap
 That said Preferred Capital Stock shall be preferred, not only in the payment of dividends as hereinafter provided. but also in the distrf button Of the property of said corporation which shall remain after the payment of all it's debts upon it's dissolution or upon the expira- t1on Of its term of existence. The said Pre- ferred Capital Stock shall be entitled to be maid rom and out of the surplus profits of said cor poration an annual. semi-annual or quarterly dlvldend, not exceeding lOSo per annum upon the par value of the said Preferred Stock. prior to any payment of dividends upon the said Com mon Capital Stock and if in any year the sur plus profits of the said corporation are insuffl- cient to pay such dividend the same shall be cumulative and before any dividend is declared or paid upon the said Common Capital Stock Tor any time year or years. the said Preferred Capital Stock shall receive it's annual semi-an- nual or quarterly dividend. for all such year or years, before the payment of any dividend or dividends upon said Common Capital Stock: it being the intent that such preferred stock shall have it's dividends, as herein provided. before any surplus profits are divided amongst the holders or the Common Capital Stock: and at the dissolution of said corporation or on the ex- piratiOn of it's said term of existence the hold CTS of the said Preferred Capital Stock shall re- celve the par value thereof from the property of the corporation. together with any dividend or dividends that are then unpaid, before the hold CTS Of the Common Capital Stock shall receive any sum or sums from the property of said cor poratiOn.
 The amount of such dividends to be paid upon said Preferred Stock and the time or times of of such payment, shall be determined by the directors of this corporation prior to the issu- ance thereof or parts thereof and shall be set forth in the certificates representing the same ana the rate specified in the said certificate orr certificates, not exceeding 109S annually or 21[9s quarterly. shall have the same force and effect as though it were named herein.
 The said Preferred Capital Stock shali not participate In the profits of the said corpora ton beyond the amount of the said dividends to be determined as herein set forth.
 This corporation shall have the power to pur- chase the said Preferred Capital Stock, from the owner or owners or holder or holders thereof at any time after the expiration of two years from the issuance of the said Preferred Capital Stock. at such times and in such amounts as the said corporation may elect, upon the payment by the said corporation to such owners or holders of the said Preferred Capital Stock, the par value of the same to- gether with whatever dividend or dividends may remain unrGid thereon at the time of such purchase, provided however that notice of such intention to purchase shall be given to such owners or holders of said Preferred Stock at least sixty days in advance of the time of such purchase by written notice addressed to each such owner and mailed to his last known post of1ce address as 1t appears upon the books of this corporation.
 All subscribers for or owners of such Pre- ferred Capital Stock shall. by taking and hold ing same, be held to agree to the several pro- visions herein contained respecting the iSsu- ance of such Preferred Stock and their rights and privileges pertaining thereto. and to the right and power of said corporation to pur- chase such Preferred Stock upon the terms and in the manner and at the times herein provided.
 That all of said Capital Stock, whether Pre- ferred or Common, shall be forever non-assess- able, and each certificate issued shall state upon it's face the number thereof and the fact that 1t is forever nOn-asSeSsable.
 ".
 The existence of this corporation shall be deemed to commence at the date upon which its Articles of Incorporation are filed with the County Recorder of the County of Yuma, Ter ritory of Arizona. and the duly certified copy filed with the Secretary of said Territory. It shall terminate twenty-five years thereafter. subject to renewal before such termination, pursuant to the laws of said Territory.
 V.
 The affairs of this corporation shall be con ducted by board of three directors and the following-named shall constitute said Board of elected: Eugene P. Walton, George A. Corbin and w P. Reynolds. Thereafter said Board of Directors shall be elected from among the said stockholders as the Bylaws of this cor porauon may provide.
 VI.
 The greatest amount of indebtedness or lia- bility, either direct or contingent, to which this corporation shall at any time subject itself is 5000.
 The stockholders of this corporation and thsir private property shs.l be forever exempt from all corporate debts and liabilities,
 VIII
 For the purpose of electing directors, and that only, what is known as the cumulative Sys- tem of voting is hereby adopted
 In witness whereof we have hereunto set our hands and seals this 3lSt day of March. 1902.
 EUGENE P: WALTON lsEALl
 ". P. REYNOLDS SEAL STATE OF CALIFORNIA. COUNTY OF Los ANGELES
 On this 31st day of March. in the year one thousand nine hundred and two, before me. Omar H. Hubbard. Notary Public in and for the State and County aforesaid. residing there in. duly commissioned and sworn. personally Eugene P. Walton and W. Key holds, known to me to be the persons described in. whose names are subscribed to and who executed the annexed instrument. and they to me that they executed the same for the purposes and considerations there in expressed.
 In witness whereof have hereunto set my hand and affixed my official seal. at my office in the said Covuty and State. the day and year last IsEAIJ OMAR H. HUBBARD, Notary Public in and for the County of Los An geleS, State of California.
 My commission expires June l5, 1903.
 Recorded at request of Pioneer Investment 6 Trust Company at o'clock a. m.. April 5. A D. 1902 C. P. GROWN. County Recorder. Territory of Arizona.
 County of Yuma.
 I. C. P. Cronin, County Recorder in and for the County of Yuma Territory of Arizona. do 1ereb; certify that the foregoing is full true md correct copy of the articles of incorporation )f the Pacific Registry Company. as 1t appears page - ct seq, records of Yuma county, afose- 'aid