Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-05-08
ARTICLES OF INCORPORATION
OF
STANDARD IRON WORKS.

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 I.
Section l. The names of the incorpo-
rators are Moses Hughes. William
Griffith, Laverie c. Hughes and Wal
ter L. Sutton.
Section 2. The name of this corpo-
ration is STANDARD Iron Works"
Section 8 The principal place Cor
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 or
places as its business may require, and
may maintain an office or offices at
such place or places as its Board of
Directors may by resolution prescribe,
and at such office or offices its Board
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 its Articles of In
corporation in the office of the
County Recorder of Maricopa
County. Arizona. and the filing of
certified copy thereof with the Sec
rotary of the Territory of Arizona. And
it shall endure for twenty-five (25)
years thereafter.
Article III.
Section I. The capital stock of this
corporation shall be Fifteen Thousand
Dollars (S15. 5000 divided into Six hun
dred (GGG) 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 Ct the stock. and
private property of stockholders shall
not be liable for such assessments but
by sale and forfeiture of the stock only.
Article ".
Section / The general nature of the
business to De transacted by this cor
poration is that Of foundry-men and
machinists; the manufacture, purchase
and sale of engines, boilers and ma
( chinery and castings of all kinds. III
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 / The highest amount OF in
debtedness or liability direct or con-
tingent to which this corporation shall
at any time subject itself shall in no
case exceed Ten thousand Dollars
/ ($1OOO0).
| Section > This corporation may Dor
row money and contract to repay the
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
terms as its Board of Directors may
| determine.
| Article VI
Section l. The stockholders of this
/ corporation and their private property
shall be forever exempt from all cor
I porate debts of this corporation.
Article VII.
/ Section / The affairs of this corpo-
ration shall be managed and cOntrolled
/ by Board of Directors composed OF
three (3) 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 Il
Phoenix, Arizona.
Section > The Directors shall hOl(
Office for one year and until their sue
cessors are elected and qualified.
Il Section s. Directors ceasing to b'
stockholders shall cease to be Directors
or officers of this corpora ton.
! Directors or officers of this corporation
! shall be filed for the ureXpired tern
by the remaining members of th'
Board OF Directors.
Article VIII.
| Section / The officers of this corp0
| ration shall be Il President. Vice Pros
ident. Secretary and Treasurer. wh'
| shall be elected annually By the BoarC
of Directors at the first meeting afte
the annual meeting of the stockholders
The Vice President and Secretary
or Secretary and Treasurer, o
the President and Treasurer ma.
] be one and the same person. Tn
President shall be the chief executive
officer of the corporation. and shal
have the general management of 81
its affairs. subject to the approval O
the Board OF Directors. And until tn
annual meeting of January. 1908. III
following named persons shall be Tn
Directors Of this corporation. viz
Moses Hughes. William Griffith an
Laverie G. Hughes.
i Section ?. All certificates Of stocl