The Arizona sentinel., 1902-05-14
aaIi5LES OF IAG0RP0RAT!0A
 Pacific Registry Company.

corporation under the laws Of the Territory of Arizona. and to that end do certify the follow ing:
 That the name of s8id corporation shall be the Pacific Registry Company and it's principal place of busiEcSS shall De 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 boaTo or Directors may at any time designate. Gt WHICH silQ branch offices meetings of said Board of Directors and stockholders may be heid ana any or all of it's corporate business may be transacted.
 That the purpose for which this corDoration. IS organized and the general nature of it's busi- ness IS to en'-"ge ina general insurance broker- age OuSln z to negotiate fer buy sell deal Tn or Otherwise handle policies of ins,Ir- ance of every kind character and descrintion issued by other persons or corporat.ors and to carry on the general business of an insurance l or underwriting agency; to purchase and sc- | qulre, out of it's surplus profits, shares of the | capital stock of this corporation: to acqIlire own handle, buy, sell or otherwise control real and personal property Cf all and every charac- ter incidental to conducting the business of this | corporations; to do any and all things necessary or incidental to the proper conduct of such gen eral Insurance brokerage business in said Ter ! rltCry of Arizona and elsewhere. not inconsist- | ent with the laws of the United States or of said Territory of Arizona
 That the capital stock of this corporation | 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 sSOoe of Common Cap ital Stock
 That said Preferred Capital Stock shall be preferred not only in the payment of dividends GS hereinafter provided. but also in the distri- | button or the property Of said corporation winch shall remain after the payment of all it's debts upon it's dissolution or upon the expirg- Jon or its term of existence The said Pre- ferred Capital Stock shall be entitled to be maid from and out or the surplus profits of said cor porat1on- an annual sem; annual or quarterly dividend. not exceeding lO9o 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 ii in any year the sur plus profits of the said corporation are insufr- clent to pay such dividend the same shall be cumulative and before any dividend is declared or paid upon the said Common Capital Stock for any time year or years. the said Preferred Capital Stock shall receive it's annual semi-an- nual or quarterly dividend. tor all such year or years before the payment Cf any dividend CT dividends upon said Commen Capital Stock: it being the intent that such preferred stock shall have it's dividends. ;sS herein provided. before any surplus profits are divided amongst the holders of the Common Capital Stock: and at the dissolution of said corporation on the ex- p1ratiOn of it's said term of existence the hold CTS of the said Preferred Capital Stock shall re- celye 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 sT11ns from the property of said cor pOratien-
 The amount of such dividends to be paid upon said Preferred Stock and the time or times of l of such payment shall be determined by the directors ol thlS corporation prior to the iSSJl ance thereof or parts thereof and shall be set forth ln the certificates representing the same and the rate specified in the said certificate or certificates not exceeding Il9S annually or 21zeS quarterly. shall have the same force and effect as though 1t were named herein. The said Preferred Capital Stock shali not partlclpa'e Tn the pr0hts 0f the said corpora tion 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 owEer CT 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 unpaid 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 eHch such owner and mailed to his last known post office address as IL appears upon the books of this corporation.
 ferred Capital Stock shall, by taking and hold ing same, be held to agree to the several pro- visions herein contained respecting the isST- 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 it is forever non-aSSesSable. W.
 The Of this eorpOrrfior hall 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.
 "
 The affairs of this corporation shall be con ducted by board of three directors and the following-named shall constitute said Board of Directors until their successors may be duly 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 poration may provide
 The greatest amount of indebtedness or lia- bility. either direct or contingent, to which this corporation shall at any time subject itself is S200O-
 The stockholders of this corporation and th9ir private property sha.I be forever exempt from all corporate debts and liabilities
 VIII
 For the purpose of eecting directors and that only. what iS known as the cumulative sys- teU of voting Is hereby adopted.
 In witness whereof. we have hereuntO set our hands and seals this %4st day of March. iee2 EUGENE P. WALTON SEAL
 ". P REYNOLDS sEALI STATE OF CALIFORNIA
 COUNTY OF I.OS ANGELES 'N
 On this 3lSt 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 appeared Eugene P. Walton and w. P Key holds. known to me to be the persons described in whose names are subscribed to and who executed the annexed instrument and they acknowledged to me that they executed the same for the purposes and considerations there in expressed
 In witness whereof I have hereuntO set my hand and affixed my official seal at my office in the said Covuty and State. the day and year last
 IsEAL1 OMAR H. HUBBARD. Notary Public in and foy the County of Los An
 geleS. State of California.
 My commission expires June l5 1903.
 Recorded at request of Pioneer Investment D. f9O2 C. P. GROWN. County Recorder Territory of Arizona,
 County of Yuma.
 l. P. Cronin- County Recorder in and for the county or una, IerrltOry or Ar1ZOna. do hereb certify that the foregoing is a full. true and correct copy of the articles of incorporation of the Pacific Registry Company, as it appears of record in book "3' of Bonds and Agreements, page - ct seq. records of Yuma county. afore- said.
 In witness whereof, have hereunto set my hand and seal of office, this 18th day of April A. D. 1902.
 (Seal.( C. P GROWN. County Recorder, Yuma County. Arizona Terri
 tory.
 
 tary of the territory of Arizona. this 9th day of April A. D. 1902. at -