Bisbee daily review., 1905-11-14

ARiICLES Ot INCORPORATION OFl THE LOWELL INVESTMENT COM PANY. Know all men by these pres ents: That we. Ben F. Sneed. Wall ter Goslin, Edward F. Williams and James E. Brophy, all of Cochise Coun. ty, Arizona, have this day voluntarily associated ourselves together for thel purpose of forming a corporation un- der the laws of the Territory of Arizona, and We do hereby certify. acknowledge and adopt the following articles of incorporation: First: The name of said corporation shall be LOWELL INVESTMENT COMPA- NY" and the principal place of busi- ness of said corporation shall be at Lowell, Cochise County, Arizona, with such other offices at such other places as the Board of directors may deter mine. Second: The general nature of the business proposed to be transact ed by said corporation is as follows: To buy, sell, hold. own and in any and every way deal ir real estate, and all interests therein; to construct all manner of buildings, and to rent, l lease, alienate and in anywise dispose of or cucumber the same; to mortgage the entire property of the corporation, | or any part thereof, and for that pur- pose to issue bonds, debentures and | mortgages for the securing of such | loans; to sell the entire property of | the corporation; to acquire, hold, own and dispose of the capital stock of this | and other corporations. the same as a natural person might or could do; | to in any and every way deal in, hold l and own all kinds of personal prop | erty; to make contracts, and acquire and transfer property, with all the powers and privileges in such re- spects as a natural person might or
 may have as is by law now provided i for corporations and generally do such | other acts and things as may be nee 1 essary. useful or convenient to the proper conduct of the business of said l corporation in the Territory of Arizo- | na, or elsewhere, not contrary to the laws of the United States. or of the several states and territories therein. i Third: The authorized amount of cap l ital stock of this corporation shall be twenty-five thousand (s25,O00) dollars, | divided into two hundred and fifty (250) shares of the par value of one hunC red (S10O) dollars each; which | said stock shall be sold, either Tor cash. or in exchange for property, tol enable said corporation to acquire property necessary to carry on Its business; balance, if any 10 remain unissued subject to the disposition of the board of directors by majority l vote thereof. All stock to be forever non-assessable. Fourth: The time of the commencement of this corporation | shall be the date of the filing of a cer- tified copy of these articles with the Territorial Auditor, in the manner pro- | vided by law, and the termination thereof shall be twenty-five years thereafter. Fifth: The affairs of this i corporation shall be conducted by a ] board of directors, said board to con- sist of not less than three nor more than five members. For the trans action of the business of this corpora ton there shall also be elected by the | board of directors the following off | cers, to-wit: A President, Secretary | and Treasurer, and such other officers as said board may determine to be i necessary. Two of such offices may | be held by any one person. The l board of directors shall be elected at the regular annual meeting to be held on the first Monday in October of each l year. Such directors shall hold Of fee for the term of one year, and un- til their successors are elected and qualified. The board of directors who shall have charge of the affairs of this corporation until the first meet
 ing of stockholders as provided here
 in. are as follows: Walter Goslin, James E. Brophy and Edw. F. Will Hams. Sixth: The highest amount of indebtedness or liability, direct or contingent. to which this corporation is at any time to subject itself. shall
 be tvo-thirds of its capital stock. Sev-
 enth: The private property of the stockholders shall be exempt from lia-l bility or execution for the debts of the corporation. Tn witness whereof,
 the incorporators have hereunto set
 their hands, at Bisbee, Arizona. this
 26th day of October, A. D. one thou
 sand nine hundred and five.
 BEN r SNEED