Arizona silver belt. [volume] (Globe City, Pinal County, Ariz.) 1878-19??, 1905-12-07
ARTICLES OF INCORPORATION
OF THE
OF THE
Globe improvement Association

Globe Improvement Association
Know all men by these presents, that
we, whose names are hereunto sub
scribed, do hereby associate ourselves
together for the purpose of forming a
corporation under the laws of the ter
ritory of Arizona, and to that end
adopt the following articles of incor-
porations, viz:
The names of the incorporators are
f. NJ. Hurd, H. V. Smell, Chas. T. Mar
tin, A. T. Hammons, T. A. Pascoe, w.
d. Fisk and r. B. Hegardt, citizens of
the United States, and residents of the
territory of Arizona; and the name of the
corporation shall be and is Globe I'M
provement Association; and the principal
place within the territory of Arizona
in which the business of the corporation
is to be transacted is Globe, in ella
county, Arizona, and the corporation
may establish branch offices either
within or without the territory of Ari-
iona where meetings of the board of
directors may be held.
III.
The general nature of the business
proposed to be transacted by this cor
poration is as follows: To make con-
tracts, to purchase, lease, bond, or
otherwise acquire, own, exchange, sell
or otherwise dispose of, pledge, mort
gage, hypothecate, give or take options
upon or deal in real estate, mines and
mining property, develop and WORK the
same, to erect and construct buildings
of all kinds, to lease and let the same
and collect the rents therefor, to do
a general real estate and mining bust
ness, to deal in any and all kinds of
/ personal property, to loan money on
real estate, notes, bonds, or other APP
proved security, to accept notes, bonds,
mortgages, pledges and other evidences
of Indebtedness from individuals or
other corporations, to purchase, bond,
locate or control or otherwise acquire,
hold, exchange, sell, pledge, mortgage,
hypothecate and deal in franchises, real
estate, mines and mining property, and
any and all kinds of personal property,
to erect, operate and maintain gas works,
electric lighting and power plants, wa
ter power plants, water works systems,
tramways and street railways, to erect
and conduct hotels and lodging anC
boarding houses, to borrow money
and execute notes, bonds, mort.
cages. deeds of trust or other evidences
of Indebtedness, to secure the
same, to issue and sell debentures anC
bonds secured by mortgages on real es
tate or otherwise secured, to buy, sci
and hypothecate shares of the capita
stock of other corporations, to own, sell
handle and control letters patent, trade
marks and inventions, and exercise II
respect to all such shares of capita
, stock, notes, bonds, mortgages or deed
of trust and other securities and oblga
lions any and all rights, powers AM
privileges of individual owners thereof
and in general to do all things neces
sary and requisite to the proper con
, duct of the affairs of this corporation
under the laws of the territory of Arr
iona and of the laws of the Unite'
+ States.
The authorized capital stock of thi
corporation shall be One Hundre'
Thousand $500, 10000 Dollars, divide
into One Thousand 10000 shares of tn
par value of One Hundred ($10O. 90
, Dollars each; at such time as the boar
of directors may by resolution direct
said capital stock shall be paid into thi
CORPORATION, either in cash or contract
therefor for the use and purpose of thu
, corporation in payment of which share
of the capital stock of this corporate
,. NAV be issued, and the capital stock S
, issued shall thereupon and thereby be
: come fully paid up and worcestershire
and in the absence of actual fraud |
! the transaction the judgment of tn
board of directors as to the value o
the property purchased shall be conclu
sive and final.
The time of commencement of thl
. corporation shall be the date of film
of these articles of incorporation in tn
! office of the auditor of the territory G
I Arizona, and the termination thereC
! shall be twenty-five years thereafter,
v.
e The affairs of this corporation sha
{ be conducted by board OF seven {!
directors, who shall be stockholders
$ the corporation, and the following nan
$ ed persons, who are stockholders in tn
!, corporation shall constitute the boar
= of directors until their successors sha
be elected, viz: E. M. Hurd, H.V. Snel
Chas. T. Martin, A. I. Hammons.
A. Pascoe, w. d. Fisk and R. B. Hei
ardt.
Thereafter, the board of directo
shall be elected from among the stocl
holders annually on the first day
|. November Of each year, The Office