Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-03-30

Second: The general nature of the
business proposed to be transacted by
this corporation is as follows. to-wit;
To purchase, lease. bond. locate or
otherwise acquire, own, exchange, sell
or otherwise dispose of, pledge. mort
gage, hypothecate and deal in real
estate and any and all kinds of per-
sonal property. mines. mining claims,
oil lands. mineral lands. oil, gas. as
phaltum. petroleum, water and water
rights and machinery, and to work,
mine, explore, operate and develop the
same; to do a general real estate. man.
ufacturing and mercantile business: to
own, handle and control letters patent
and inventions and shares of capital
stock of other corpora tons ito borrow
money and execute notes, bonds, mort
cages, or deeds of trust to secure the
same. and to exercise in respect of all
such bonds. mortgages, notes. shares of
capital stock and other securities and
obligations any and all rights, powers
and privileges of Individual owners
thereof. including the right to vote
upon any shares of stock held by it to
the same extent that natural person
might or could do; and in general to do
all things necessary to the proper con-
in the Territory and elsewhere. not in
consistent with the laws of the United
States and the Territory of Arizona.
Third: The authorized amount of
capital stock shall be One million five
hundred thousand dollars (s1.500.O 00)
divided into one million five hundred
thousand shares of the par value of
One dollar (S1.0W each. At such time
as the Board of Directors may by res
olution direct. said capital stock shall
be paid into this corporation either in
cash or by the sale and transfer to it
OF real or personal property for the
uses and purposes of said corpora ton,
in payment for which shares of the
capital stock of said corporation may
be issued. and the capital stock so is
sued shall thereupon and thereby be-
come and be fully paid up and nom
assessable, and in the absence of actual
fraud in the transaction the judgment
Of the Directors as to the value of the
property purchased shall be conclusive.
Fourth: The time of the commence
ment of this corporation shall be the
date of the filing of these articles of
incorporation in the office of the Sec
rotary of Arizona, and the termination
thereof shall be twenty-five years
thereafter.
Fifth: The affairs of this corpora
ton shall be conducted by board of
Nine (9) Directors and the following
named shall constitute the Board OF
Directors until their successors are
elected: O. +. jacob, President: Louis
H. Legler. Vice President: William II.
Gilbert, Secretary; Philip J. Euler.
Treasurer: Joseph c. Buchart, Jacob
EartZ. William Swormstedt, Max II.
Martin and Thomas E. Crow. There
after the Board of Directors shall be
elected from among the stockholders
as the bylaws of the corporation may
provide.
Sixth: The highest amount of in
debtedness or liability, direct or con-
tingent. to which this corporati ton is at
any time subject shall be Two thau-
sand five hundred dollars go, 100000.
Seventh: The private property OF
the stockholders of this corpora ton
shall be exempt from corporate debts
of any kind whatsoever.
IN WITNESS WHEREOF. We have
hereunto set our hands and seals this
18th day of March. 1902.
OTTO F. jacob. (SeaD