Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1903-03-05

business of said corporation NllHln the
is Phoenix Maricopa county, Arizona,
and the principal place of business of
said corporation outside the Territory
of Arizona shall be the City of Chicago
in the State of Illinpis, at which meet
ings 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 d.
rectors.
Second: The general nature OF the
business proposed to be transacted by
this corporation is as follows, to-wit:
To make contracts: to purchase.
lease, bond locate or otherwise acquire,
own, exchange sell or otherwise dis
pose of pledge mortgage. hypothecate
and deal in real estate and any and all
kinds of personal property, Mines MIN
ing claims, oil lands, mineral lands oil
gas. asphaltum. petroleum. asbestos,
salt water and water rights and ma
chinery. and to work. mine. explore,
operate and develop the same: to do Il
general real estate. manufacturing and
mercantile business: own. handle and
control letters patent and inventions
and shares of capital stock of other
corpora tons: to borrow money and exc
cute notes. bonds. mortgages, or deeds
of trust to secure the same, and to eX-
ercise in respect of all such bonds.
mortgages, notes. shares of capital
stock and other securities and ooliga-
tions 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 thugs
necessary to the proper coccuct of the
business of this corporation in the ter
ritory and elsewhere, not inconsistent
with the laws of the United States and
the Territory of Arizona.
Third: The authorized amount of
capital stock of this corporation shall
he five million dollars (S5. 000 100000, di-
vided into 100000 shares of the par
value of one dollar ($1.00) dollars
($1.GO) each AT such time as the board
of directors may by resolution Girec:.
said capital stock shall be paid into
this corporation either in cash or ny
the sale and transfer to it of real and
personal property for the uses Hnd pur-
for which shares of the capital stock
of this corporation may be issued, and
the capital stock so issued shall there
upon and thereby become and be fully
paid up and worcestershire, and in the
absence of actual fraud in the transac-
ton the judgment of the directors as
to the value of the property purc:la sell
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 q board of
five directors. and the following named
shall constitute the board of directors
until their Successors are elected: Will
liam C. Wright. Leavenworth X. Davis.
NJ. II. Burt. Arthur P. Cutter and Louis
Grollman. Thereafter the board of di-
rectors shall be elected from among the
stockholders as the bylaws of the cor
poration may provide. The officers OF
said corporation until their successors
are elected shall be: Leavenworth X.
Davis. president: William C. Wright,
vice president: NJ. H. Burt, secretary
and treasurer.
Sixth: The highest amount of in
debtedness or liability. direct or con-
tingent, to which this corporation is at
any time subject shall be two million
five hundred thousand dollars ($2, 800
O0O.00) which amount does not exceed
two-t thirds of the amount of the capital
stock.
Seventh: The private property of the
stockholders of this corporation shall be
exempt from corporate debts of any
kind whatsoever.
In witness whereof. we have here
unto set our hands and seals this 31st
day of January, 1903
WILLIAM C. WRIGHT. (SealD
LEAVENWORTH X. DAVIS. (Sea)
ARTHUR p. CUTTER, (Seal)
State of Illinois.
County of Cook, SIS.
On this 31st day of January. in the
year 1908, before me, Louis Grollman,
notary public in and for the state
and county aforesaid residing therein,
duly commissioned and sworn person.
ally appeared w lliltiln - wig III
Leavenworth X. Davis and Arthur P.
Cutter. known to me to be the persons
described in. whose names are suo-
scribed to, and who executed the an
nexed instrument. and they acknow:-
edged to me that they executed the
same for the purposes and considera-
lions therein expressed.
In witness whereof. 1 have nereun:o
set my hand and affixed my official
seal, at my office in the said state and
county. the day and year last above
written.
CNotarial Seal.) LOUIS GROLLMAN
Notary Public.
My commission expires January 2Stil,
1907.
Territory of Arizona,
County of Malicopa. SIS.
|. r. F. McFall, county recorder IN
and for the county and territory afore-
said. hereby certify that I have con-
pared the foregoing copy with the Or
| iginaI articles of Incorporation OF
MERCHANTS AND MANUFACTURE
Frs COAL COMPANY. filed and re-