Arizona republican., 1902-09-08
this End day of September, A. D. 1902, at D. m.
 ISAAC T. STODDARD,
 Secretary of Arizona. First publication September 6, 1902.
ARTICLES OF INCORPORATION
 OF THE TRUST AND SECURI
TIES COMPANY.


 INDUSTRIAL TRUST AND SECURE
 TIES COMPANY. | Know All Men By These Presents, | That we, whose hands are hereunto af- fixed, do here associate ourselves to- gether for the purpose of forming q corporation under the laws of the Ter ritory of Arizona, and to that end make the following statement:
 | First: The names of the corporators are: Wm. R. Drake, Thos. c. Brink | ley. John Whitehead and Clark $. Ed wards, and the name of the corporation shall be the Industrial Trust and Se- curities Company. The principal place l in which the business of said corpora tion within the Territory of Arizona is to be transacted is Phoenix, Maricopa County, Arizona, and the principal place of business of said corporation outside of the Territory of Arizona shall be the City of New York, in the state of New York at which meetings of the Board of Directors may be held. and the corporation may have such branch offices either within or without the Territory of Arizona as may be established by the Board of Directors.
 
 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 es- tate and any and all kinds of personal property, mines. mining claims, oil lands, mineral lands, coal lands. timber lands, oil, gas, asphaltum, petroleum. water and water rights. develop the same; to do general vessel, real es tate. manufacturing and mercantile business; to own, handle and control letters patent and inventions and shares of capital stock of other corpo- rations; to borrow money and execute notes. bonds, mortgages or deeds O. trust to secure the same, and to eXer- else in respect of all such bonds, mort ga ges, 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 q natural person might or could do.
 This corporation shall also have power to transact a general Trust Com pany business; to transfer register and countersign certificates of stock, bonds, receipts or other evidences of indebt- edness and to act as the agent of any corporation, foreign or domestic; for any purpose now or hereafter required by statute or otherwise; to act as trus- tee under any deed of trust or other wise, mortgage. bond or other instru- ment issued by any municipality, body polite corporation, person or associa- uon, and to accept and execute any other municipal or corporate trust, and to transact any business in relation thereto; to act as registrar of stocks, bonds, certificates and debentuTes, and as transfer agent thereof for corpora tions or individuals; to act as the trus- tees for the holders of or otherwise in relation to any bonds, stocks or deben- lures issued or to be issued by any State, municipality, body polite or cor poration. To buy, sell, deal in bonds, stocks and securities of all kinds, to loan money or real estate, stocks, bonds. or other collateral securities, and in general to do all things necessary to the proper conduct of the business Of this corporation Tn the Territory and elsewhere. not inconsistent with the laws of the United States and the Ter. ritory of Arizona.
 Third: The authorized amount of capital stock of this corporation shall be One Million q. .OOO, ,0OO) dollars divid- ed into Ten Thousand Q0,0OO shares of the par value of One Hundred Q00) Dollars each. At such times as the Board of Directors may by resolution 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 corporati tion, in pay ment for which shares of the capital stock of said corporation may be is- sued. and the capital stock so issued shall thereupon and thereby become and be fully paid up and non-assess- | a ble, and in the absence of actual fraud in the transaction the judgment of the 1 Directors as to the value of the prop erty purchased shall be conclusive. | Fourth: The time of the commence ment of this corporation sh9H be the date of the filing of these Articles of Incorporation in the office of the Sec retary of Arizona, and the termination thereof shall be twenty-five years thereafter.
 Fifth. The affairs of this corpora tion shall be conducted by a Board Of not exceeding nine Directors and the ! following named shall constitute the Board of Directors until their success sCrs are elected: w. R. Drake, F. M Barnes, T. C. Brinkley. A. l.. Austin John N. Glidden, G. s. Edwards, J. Whitehead. and
 | Thereafter tine Board of Directors shall be elected from among the stock holders as the bylaws of the corpora ton may provide.
 Sixth: The highest amount of in- debtedness or liability direct or con- tingent to which this corporation is at any time subject shall be Six Hundred Fifty Thousand (65O,OOO) Dollars.
 Seventh The private property of the stockholders of this corporation shal be exempt from corporate debts of any kind whatsoever.
 In Witness Whereof We have here unto set our hands and seals this 29tf day of Aug dst. 1902.
 VIM. R. DRAKE (Il. S.