The news-herald., 1903-01-03
ARTICLES OF Incorporation
of the
PHOENIX CYCLE COMPANY.

purpose of forming a corporation unuer the
laws of the Territory of Arizona, and to that
end make the following statement:
FIRST: The names of the incorporators
are +. o. White, D. S. White ana
+. D. Lane, and the name OF the corpor-
alton shall be The Phoenix Cycle Company.
The principal place which the business OF
said corporation within the Territory OF Arl-
zona is to be transacted is at Phoenix, Marl-
copa county, Arizona, and the prlnclpal place
of business of said corporation OUTSIDE OF lhe
Territory of Arizona shall be the City OF lnol-
annapolis in the State ofIndiana at which meet
ings of the Board of Directors may be held ana
the corporation may have such branch ohceS
either within or without the Territory OF Arl-
zona as may be established by the Board OF
Directors.
SECOND: The general nature of the business
proposed TO be transacted by this corporau0h
is as follows:
To do a bicycle business, wholesale and re-
tail; ito make contracts, to purchase, lease, BOND
locate or otherwise acquire, own, exchange
sell or otherwise dispose of, pledge, mortgage
hypothecate and deal in real estate ana any
and all kinds of personal property, mines,
mining claims, oil lands, mineral lands, OIL,
gas, asphaltum, petroleum, asbestos, salt'
water and water rights and machinery
and to work. mine, explore, operate ana de-
Yelop the same; to do general real estate
manufacturing and mercantile business; to
own, handle and control letters patent and IN
ventions and shares of capital stock OF other
corporations; TO borrow meney and execute
notes, bonds mortgages, or deeds OF trust TO Sc
cure the same and to exercise in respect to all
such bonds, mortgages, notes, shares OF capital
stock and other securities and obligations any
and all rights, powers and privileges OF lndl-
viduaI owners thereof, including the right to
vote upon any shares of stock held by it to the
some extent that natural person
might or could do and in gener-
al to do all things necessary to the proper con-
duct OF the business OF this corporation in the
Territory and else ewhero, not inconsistent
with the laws of the United States and the Ter
ritOry OF Arizona.
THIRD: The authorized amount of the capi-
tai stock of this corporation shall be
fifty thousand dollars -$50,OCO.O0-
divided into thousand, 80 600
shares of the par value of one
dollar-$1 00-each. At such time as the Board
of Directors may bp resolution direct, said
capital stock shall be paid into this corpora
tion either in cash or by the sale and transfer
to it of real and personal property for the uses
and purposes of said corporation, in payment
for which shares of the capital stock of said
corporation may be issued and the capital
stock so issued shall thereupOn and thereby be-
come and be fully paid up and worcestershire,
and in the absence of actual fraud in the tran
saction the judgement of the directors as to
the value of the property purchased shall be
conclusive.
FOURTH: The time of the commencement
of this corporation shall be the date of the fl
ing of these articles OF incorporation in the
Office OF the Secretary of State Of Arizona, and
the termination thereof shall be twenty five
years thereafter.
FIFTH: The affairs OF this corporation shal.
be conducted by 4 board Of three-3--Girectors
and the following named shall constitute the
Board of Directors until their successors are e.
lected: f. o. White, d. S. Bray ana F. D. Lane
Thereafter the Board of Directors shall be G.
lected from among the stockholders as the By
Laws of the Corporation may provide.
SIXTH: Thh highest amount ofindebtcdness
or liability, direct or contingent, to which this
corporation is at any time subject, shall be thir
ty thousand dollars-$3 $50, OO0O0-which amount
does not exceed two thirds OF the amount of
the capital stock.
SEVENTH: The private property of the
stockholders of this corporation shall be ex-
cmpt from corporate debts of any kind what
seever.
IN WITNESS WHEREOF, we have hereunto
set our hands and seals this first day of Nov
ember, a. D. 1902.
d. S. Bray [Seall
I. 0. White [Seall
+. D. Lane (Seall
Tcrritoyr ofArizona, SIS
County of Maricopa
On this first day of November, in the year
1902, before me, William English Notary Pub
lie, in and for the state and county aforesaid,
residing therin duly commissioned, appeared
+. 0. White D. S. Bray and F. d. Lane,
known to me to be the persons de-
scribed 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
therein expressed.
In Witness Whereof, have hereunto set my
hand and affixed my official seal at my office
in the said state and county. the day and year
last above written.
f2eall William English
Notary Public,
My commission expires March 10. 1901
Territory of Arizona CO
County of Maritopa
l, B. F McFall County Recorder in
ana for the county and Territory aforesaid,
hereby certify that have compared the fore
going copy with the original Articles of Incor-
poraIon of The Phoenix Cycle Company, filed
and leeordered in my office on the first day of
November, 1902, in Book No. II of IncorpOra
tions, at pFge-and that the same is a full
true and correct copy of such original and Of
the whole thereof.
Witness my hand and seal of office, this first
day of November, 1905.
tSeal) B. F. McFall,
By AS. Arthur, Deputy County Recorder.
Filed and recOrdered in the Office OF the Sec
retary of Territory Of Arizona this Sd day OF
November, \. D. 1902, at 200 p. NJ.
Isaac T. Stoddard,
Secretary of Arizona.
First publication Nov %, 1902.