The Arizona sentinel., 1902-05-07
ARTICLES OF INCORPORATION
 Pacific Registry Company.


 for the purpose of organizing and conducting q 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 or Yuma, Territory of Arizona. It may also maintain such branch offices. either within or without said Territory of Arizona as it's Board or Directors may at any time designate, at which said branch offices meetings of said Board or Directors and stockholders may be held and any or all of its corporate business may be transacted.
 That the purpose for which this corporation Is organized and the general nature of it's buSi- ness IS to engage in a general insurance broker age business: to negotiate for. buy sell deal in or otherwise handle policies of insUr. ance of every kind character and Ceserintion issued by other persons or corporations and to carry on the general business of an insurance. or underwriting agency; to purchase and &C., quire, out of it's surplus profits, shares of the capital stock of this corporation: to acquire own. handle. buy, sell or otherwise control real and personal property of all and every charae. 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 ritory 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 s10,0O0, divided into OG0 shares of the par value of One Dollar each.
 That the said authorized capital stock shall be 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 ssOO0 of Common Cap ital Stock.
 That said Preferred Capital Stock shall be preferred. not only in the payment of dividends as hereinafter provided. but also in the distri- 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~ tion of it's term of existence. The said Pre- ferred Capital Stock shall be entitled to be paid from and out of the surplus profits of said cor poration an annual. semi-annual quarterly dividend, not exceeding l09s 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 inSuff1 cient 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 its 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 Of the Common Capital Stock: and at the dissolution of said corporation on the ex- plratiOn or its said term of existence the hold CTS of the said Preferred Capital Stock shall re- ceive 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 and the rate specified in the said certificate UT certificates not exceeding f09S annually or 21=ss 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 l tion beyond the amount of the said dividends 1 to be determined herein set forth | This corporation shall have the power to pur- chase the said Preferred Capital Stock. from l the owner 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 1 amounts as the said corporation may elect, upon the payment by the said corporation to l such owners or holders of the said Preferred Capital Stock the par value of the same to- gether with whatever dividend 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 each l such owner and mailed to his last known post office address 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 or said corporation 10 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.
 The existence of this corporation shall be deemed to commence at the date upon which it's 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 . l elected: Eugene F. Walton George A. Corbin and w. P. Reynolds. Thereafter said Board of Directors shall be elected from among Inc i said stockholders as the Bylaws of this cor poratiOn may provide.
 The greatest amount of indebtedness or lia- bility either direct contingent, to which this f corporation shall at any time subject itself lS S2000-
 The stockholders of this corporation and ' thair private property sha.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 Al. 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 OmHr H. Hubbard. a Notary Public III ana lOl
 the State and County aforesaid residing there
 in duly commissioned and sworn. personally appeared Eugene P. Walton and w Key, holds, known to me to be the persons deSerlDeu in whose names are subscribed to and whG executed the annexed instrument ana they acknowledged to me that they executed the in expressed
 In witness whereof I have hereunte set my
 hand and affixed my official seal at my once m - the said Covuty and State the day and year last , fsEAtJ OMAR H. HUBBARD, | Notary Public in and for the County of Los An :, geleS, State of California.
 My commission expires June I5. rs03- , Recorded at request of Pioneer Investment & Trust Company at o'clock a. m.. April ,. A | D. l9O2- C. P. GROWN. County Recorder.
 CT CoTnyv of Yuma ss
 p l. C. P Cronin, County Recorder in and for the County of Yuma Territory of Arizona. dc hereb- certify that the foregoing IS full, true and correct copy of the articles of incorporation of the Pacific Registry Company. as 1t appears , of record in book ''3 of Bonds and Agreements page - ct seq, records of Yuma county. afOre said.
 In witness whereof have hereuRtO set my hand and seal of office this 18th day Of April $ A. D. 1902.
 (Seal) C. P. GROWN. County Recorder Yuma County. Arizona TerrS
 tory.
 { Filed and recorded in the office of the secre- tary of the territory of Arizona, this 7th day