Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1903-03-06

is Phoenix, MarlcOpa COUNTY NiiAoHa,
and the principal place OF business OF
said corporation outside the Territory
of Arizona shall be the City of Chicago
in the State of Illinois, at winch 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-wlt:
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 a
general real estate. manufacturing and
mercantile business: own. handle and
control letters patent and inventions
and shares of capital stock of other
corpora lions; 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 oDliga-
tons 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 Go: and in general to 10 all thugs
necessary to the proper corcuct 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 corporate ton shall
be five million dollars ($5, 600 100000. di-
vided into 100000 shares of the par
value of one dollar (s1.00) dollars
(s1c0) each At such time as the boar1
of directors may by resolution Greet,
said capital stock shall be paid into
this corporation either in cash or ny
the sale and transfer to it of real and
poses of said corporation, in paymen:
of this corporation may he issued. and
the capital stock so issued shall there
upon and thereby become and be fully
paid up and non assessahle and III the
absence of actual fraud in the trarsac-
ton the judgment of the directors as
to the value Of the property purcna sej
shall be conclusive.
Fourth: The time of the commence
ment of this corporation shall be the
date of the filing of these articles Of
incorporati ton 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 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
Grollrlan. 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 C$2500.-
0OO00. 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
| 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. (Seal.)
LEAVENwORTH X. DAVIS. (Seal)
ARTHUR P. CUTTER, (Seal)
State of Illinois.
County of Cook, SIS.
| On this 31st day of January. in the
year 1903. before me, Louis Grollman
notary public in and for the state
and county aforesaid. residing therein
duly commissioned and sworn, person
! ally appeared William C. Wright
| Cutter, known to me to be the persons
| described in, whose names are SUP
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-
| tions therein expressed.
In witness whereof. I have hereun:C
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 2Sth
1907.
Territory of Arizona,
County of Maricopa, SIS.
I. B. F. McFall, county recorder n
and for the county and territory afore-
said. hereby certify that 1 have com
pared the foregoing copy with the or
iginal articles of Incorporation o.
MERCHANTS AND MANUFACTURE
Frs COAL COMPANY. filed and re
corded in my office on the 5th day OF
| February. 1908, in Book No. 10 of In