Arizona republican., 1903-03-04

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 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 di- 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, mfnes min ing claims. oil lands. mineral lands. oil
 gas. asphaltum. petroleum. asbestos. salt, water and water rights anG ma
 chinery. and to work. mine. explore
 opera te aud 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
 coi pora tions: to borrow money and eXe-
 cute notes. bonds. mortgage or deeds
 of trust to secure the same, and to eI-
 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 q natural person might or
 could do: and in general to do ail tilr"- necessary to the proper coTclct Of inc
 business of this corpora ton 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 shat
 be five million dollars (s5, ,O0o O0O.0o), di- vided into 5.0CO.000 shares of the par
 value of one collar ($1.0G) dollars (s1.00) each. At such time as the boari of directors may by resolution direct. said capital stock shall be paid into this corpora ton either in cash or ny the sale and transfer to it Of real and personal property for the uses ,nd rur- poses of said corporation. in payrner: 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 non-assessable and ili the ! absence of actual fraud in the trarsac- tion the judgment of the directors as to the value of the property purc;la eei 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
 retary of Arizona, and the termination
 thereof shall be twenty-five years thereafter.
 Fifth: The affairs of this corpora tion shall be conducted by board Of five directors. and the following named shall constitute the board of directors until their Seccessors are elected: Will liam C. Wright. Leavenworth K. Davis. NJ. F. 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 K. 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 corpora tion is at any time subject shall be two million five hundred thousand dollars (S2. .500.- 000.e0). which amount does not exceed two-thirds of the amount of the capital stock.
 Seventh: The private property of tha
 stockholders of this corporation shall De 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, (Seal) ARTHUR P. CUTTER, (Seal) State of Illinois.
 County of Cook, ss.
 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. 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 considera- tions therein expressed.
 Tn witness whereof. I have hereun;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.
 | (Nctarial SeaI) LOUIS GROLLMAN Notary Public.
 My commission expires January 18th,
 1907
 Territory of Arizona.
 County of Maricopa, ss. | I. B. r. McFall. county recorder in
 and for the county and territory afore- 1 said. hereby certify that I have com pared the foregoing copy with the or i iginal articles of incorporation or
 MERCHANTS AND MANUFACTURE
 FRS COAL COMPANY. filed and re- | corded in my office on the 5th day of | February 1903. in Book No. 13 of h.