The Arizona sentinel., 1902-06-04
ARTICLES OF INCORPORATION
 Pacific Registry Company.

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 it's principal place of business shall be the City Of Yuma, county of Yuma, Territory of Arizona It nay also maintain such branch offices, either within
 or without said Territory of Arizona, as it's boaro or Directors may at any time designate. at Wnlcn Sald branch offices meetings of said Board of Directors and stockholders may be held and any or all Of it's 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 general insurance broker age business; to negotiate for buy sell deal ln or otherwise handle policies of insur- ance of every kind character and descriptiou issued by other persons or corporations and tO carry on the general business of an insurance. or underwriting agency; to purchase and ae- qulre out of its 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 charac- ter incidental to conducting the business of this corporation; to do any and all things necessary
 or incidental to the proper conduct of such gem eral insurance brokerage business, in said Ter | rltory 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 S0,O00, divided into 1OOOO 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 SeOOO 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 its dissolution or upon the expirGs tlon 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 poratlon, an annual. semi-annual or quarterly dividend, not exceeding l0% 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 SaidocorpOration 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 it's 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 its 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 or OF the ex-
 plration of it's said term of existence. the hold
 CTS of the said Preferred Capital Stock shall re-
 eeive 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 I said Preferred Stock and the time or times Of or 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 or
 certificates, not exceeding 10% annually or 211 g quarterly, shall have the same fierce and effect | as though it were named herein The said Preferred Capital Stock shali not | participate in the profits of the said corpora | tion beyond the amount of the said dividends | to be determined as herein set forth.
 This corporation shall have the power to pur-
 chase the said Preferred Capital Stock from | the owner or 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 amounts us the said corporation may elect, upon the payment by the said corporation to such owners or holders of the said Preferred Capital Stock, the par value of the same to- gether with whatever dividend or dividends may remain unpaid thereon Rt 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 10 each
 such owner and mailed to his last known post office address as 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 of said corporation to 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 1t is forever nOn-asSeSsable. w
 The existence of this corporation shall be l 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 l 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 Beard of elected: Eugene P. Walton, George A. COrbin and W, P, Reynolds. Thereafter said Board of Directors shall be elected from among the said stockholders as the Bylaws of this cor poration may provide.
 The greatest amount of indebtedness or lia- bility, either direct or contingent to which this corporation shall at any time subject itself Is $20O0-
 | The stockholders of this corporation and ] th9ir private property shal be forever exempt from all corporate debts and liabilities VIII.
 For the purpose of electing directors. and that only. what is known the cumulative sys- teu of voting is hereby adopted. In witness whereof we have hereInto set OUT hands and seals this SISt day of March. 1902. EUGENE P WALTON IsEALl ". P- REYNOLDS lsEALl
 STATE OF CALIFORNIA. ss COUNTY OF Los ANGELES.
 1 On this 31St day of March, in the year one thousand nine hundred and two, before me- Omar H. Hubbard, Notary Public in and For 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 described 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 there In witness whereof have hereunto set my hand and affixed my official seal, at my office in the said Covuty and State the day and year last
 IsEALi OMAR H. HUBBARD.
 Notary Public in and for the County of Los An
 geleS. State of California.
 My commission expires June 15, 1903.
 Recorded at request of Pioneer Investment
 & Trust Company 1t o'clock a. m-, April 5. A.
 D. 1902 C. F. GROWN. County Recorder. Territory of Arizona, ss.
 County of Yuma,
 l. c. P. CrOnin. County Recorder in and for
 the County of Yuma. Territory of Arizona. do
 hereb; certify that the foregoing is full, true
 and correct copy of the articles of incorporation
 of the Pacific Registry Company, as it appears
 of record in book ga of. Bonds and Agreements, page - ct seq, records of Yuma county, afOre-
 said.
 In witness whereof, have hereunto set my
 hand and seal of office, this 18th day of April
 A. D. 1902
 (Seal) c. P GROWN.
 County Recorder, Yuma County, Arizona Terri
 tory
 Filed and recorded in the office of the secrc-