The news-herald., 1902-12-06
ARTICLES OF Incorporation
Of the
PHOENIX CYCLE COMPANY.

A2OA ALI MEN O4 4 IA 1"oA$
That we, whose hands are hereunto affixed az
hereby associate ourselves together for th'
purpose of forming corporation under th'
laws of the Territory OF Arizona and 70 INA
end make the following statement;
FIRST: The names OF the lncorporAtOF'
are F. o. White, D. s. White anc
+. D. Lane, and the name OF the corpOr
alton shal be The Phoenix Cycle Company
The principal place IN which the business o.
said corporation within the Territory OF AFl
zOna is to be transacted is at Phoen1N' MaFi
copa county, Arizona, and the principal place
of business of said corporation outside OF tne
Territory of Arizona shall be the City OF Iho'
annapolis in the State of Indiana at which meet
ings of the Board of Directors may Re heIo ~no
the corporation may have such branch omce'
either within or without the Territory OF Ari'
zona as may be established by the boAro %
Directors.
SECOND: The general nature OF the business
proposed to be transacted by this corporation
is as follows:
To do a bicycle business. wholesale and re-
tai; ito make contracts, to purchase lease, bond
locate or otherwise acquire, own, exchange,
sell or otherwise dispose of, pledge. mortgage
hypothecate and deal in real estate ana any
and all kinds of personal property, Mines
mining claims, oil lands, mineral lands, OIL,
gas, asphaltum, petroleum, asbestos, SALT
water and water rights and machinery
and to work, mine, explore, operate ana oe-
YelOp the same; to do g general real estate'
manufacturing and mercantile business; to
own, handle and control letters patent and IN
VentiOnS and shares of capital stock OF other
corporations; to borrow money and execute
notes, bonds, mortgages, or deeds OF trust 10 Sc
cure the same and to exercise in respect to all
such bonds mortgages, notes, shares OF capital
stock and other securities and obligations any
and all rights, powers and privileges OF indi-
Yidual owners thereof including the right to
vote upon any shares of stock held by it to the
some extent that natural person
might or could do; and in gener-
al to do all things necessary to the proper con-
duct OF the business of this corporation In the
Territory and elsewhere, not inconsistent
with the laws of the United States and the Ter
ritory of Arizona.
THIRD: The authorized amount of the capt.
tai stock of this corporation shall be
fifty thousand dollars $780, ,OCO00-
divided into thousand-2, so, 900
shares of the par value of one
dollar-$1. .00-each. At such time AS the Board
of Directors may bp resolution direct, said
capital stock shall be paid into this corpora
tiOn either in cash or by the sale and transfer
- 1t of real and personal property for the uses
and purposes of said corporation, in payment
for which shares of the capital stock of said
corporation may be issued. and the capital
stock SO issued shall thereupOn and thereby be-
come and be fully paid up and worcestershire,
and in the absence of actual fraud in the tran.
ssct!On the judgement of the directors as to
the value Of the property purchased shall be
conclusive.
FOURTH: The time of the commencement
OF this corporation shall be the date of the fl
ingof these articles of Incorporation in the
Office of the Secretary of State of arizona, and
the termination thereof shall be twenty fve
years thereafter.
FIFTH: The affairs of this corporation shall
be conducted by board of three-3-directors
and the following named shall constitute the
Board of Directors until their successors are G.
1ected: F. .. White, d. S. Bray and F. D. Lane.
Thereafter the Board of Directors shall be e.
lected from among the stock holders rs the By
Laws Of the Corporation may provide.
SIXTH: Thh highest amount of Indebtedness
or liability, direct or contingent, to which this
corporation is At any time subject, Fhall be thir
~ thousand d0llars-$S 600. .0O-w,hich amount
does not exceed two thirds of the amount of
the capital stock.
SEVENTH: The private property of the
stockholders of this corporation shall be ex-
empt from corporate debts of any kind what
soeyer.
IN WITNESS WHEREOF, we have hereunto
set our hands and seals this first day of Nov
ember, A. D. 1902
d. g. Bray lSeall
+. o. White lSeall
+. D. Lane tSeAlI
Territoyr OfArizons, GO
County Of MAricOpa
On this first day of November, In the year
1902, before me. William English Notary Pub
lie, in and for the state and county aforesaid
residing therin, duly commissioned, appeared
+. o. White, D. S. Bray and +. D. Lane
known 70 me to be the persons de.
geribed 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
therein expressed.
In witness Whereof, have hercuntO set my
hand and affixed my Official seal at my Office
in the said state and county, the day apd year
last above written.
[se&ll William English
Notary Public,
Ny commission expires March 19. 1904
Territory of Arixona &C
County Of MAritOpa
I,B.F McFall, County Recorder In
and for the county and Territory aforesaid,
hereby certify that | have compared the fore
going copy with the original Articles Of 1ncoT.
poratiOn of The Phoenix Cycle Company. aled
and recordered IN my Office on the hrst day OF
November, 1902, in Book No. II Of 1ncorpora.
tions, 1t psge-and that the same is a full,