Arizona republican., 1903-03-03

v of Arizona shall be the City of Chicago in the State of Illinois. 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 tii- rectors.
 Second: The general nature or the business proposed to be transacted by this corporation is as follows. ,o-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 q general real estate. manufacturing and mercantile business: own. handle and control letters patent and inventions and shares of capital stock of other corporati tions: 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 ooiiga- 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 a natural person might or could do: and in general to do all things necessary to the proper cOr1Lct of the business of this corporation in the ter. ritory and elsewhere. rot inconsistent with the laws of the United States and the Territory of Arizona
 Third: The authorized amount Of capital stock of this corporation shan be five million dollars (s5. O0O, ,O00.00). di- vided into 5.0OO.0 shares of the par value of one dollar ($1.OO) dollars (s1.OO) each. At such time as the boar,i of directors may by resolution Girec; said capital stock shall De 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- poses of said corporation, in paymen: for which shares Of the capital stoCi: of this corporation may be issued, and the capital stock so issued shall there upon and thereby become and be fully paid up and non -assessable, and il the absence of actual fraud in the trarsac- tion the judgment of the directors as to the value of the property purc;la ae1 l 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 soc retary of Arizona, and the termination thereof shall be twenty-five years therea fter.
 Fifth: The affairs of this corpora ton shall be conducted by board of five directors. and the following named shall constitute the board Of director:, until their seccessors are elected: Will liam C. Wright. Leavenworth K. Davis. M. H. 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 pcration may provide. The officers Of said corporation until their successors are elected shall be: Leavenworth K. Davis president: William C. Wright. vice president; NJ. II. Burt. secretary and treasurer.
 Sixth: The highest amount of in debtedness or liability, direct CT con- tingent. to which this corporation is at any time subject shall be two million five hundred thousand dollars (S2. .5O0.- 000.GO. 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 he 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 k. DAVIS, (SealD
 ARTHUR P. CUTTER, (Sea) State of Illinois.
 County of Cook, ss.
 On this 31st day of January, in the year 1903. before me. Louis Grollman. a notary public in and for the stat. and county aforesaid. residing therein, duly commissioned and sworn, person. ally appeared William C. Wright Leavenworth K. Davis and Arthur P. 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 consldera- tions therein expressed.
 In witness whereof. I 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.
 (Notarial Seal) LOUIS GROLLMAN
 Notary Public.
 My commission expires January 2Stn, 19O7
 Territory of Arizona.
 County of Maricopa. ss.
 I. B. F. McFaN. county recorder in and for the county and territory afore- said. hereby certify that I have com pared the foregoing copy with the or iginal articles of incorporation oE MERCHANTS AND MANUFACTUR- FRS COAL COMPANY. flied and re- corded in my office on the 5th day of February. 1903. in Book No. 13 of In- corporations. at page -, and that the same is q full. true and correct copy