The copper era., 1909-04-15
ARTICLES OF INCORPORATION
 OF THE CLIFTON ARMORY COMPANY.
COMPANY.

Know All Men By These Presents: That we, whose hands are hereunto affixed do hereby associate ourselves together, for the purpose of forming a corporation under the laws of the Territory of Arizona and to that end make the First. The names of the incorporators are Paul Reisinger, Thomas B. Inglis, Basil R. Lanneau, Harley c. True and Peter Riley, and the name of the corporation shall be the Clifton Armory Company, and the principal place within the Territory of Arizona, in which the business of said corporation is to be transacted, is Clifton, Graham County, Arizona.
 Second. The general nature of the business proposed to be transacted by this corporation, is as follows, to-wit: To make contracts, to pur- chase to take on lease, or otherwise acquire lands, and to erect on such lands an armory, and any other necessary buildings fer the ac- militia company of the National Guard of Ari- zona, paying therefor a fair and reasonable hire or rent; to fit up and furnish the same with their usual and necessary adjuncts; to per init the same, or any part thereof, to be used on such terms as the company shall see fit, forany purpose, public or private and in particular for public meetings, exhibitions concerts, lectures, and moral entertainments; to borrow money, to make and issue promissory notes, bonds, mort. gages, and obligations and evidences of in- debtedness of all kinds, whether secured by mortgage pledge or otherwise, not to exceed the sum of Six Thousand Dollars and to secure the same by mortgage, pledge or otherwise.
 Third. The authorized amount of capital stock of this corporation shall be Twelve Thousand Dollars. divided into Twelve Thous- and Shares of the par value of One Dollar each. At such times as the Board of Directors may by resolution direct said capital stock shall be paid into this corporation either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of said corporation, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and no1-assessable and in absence of actual fraud in the transaction the judgment of the Directors as to the value of the property purchased shall be conclusive.
 Fourth. The time of the commencement of this corporation shall be the date of the filing Of a thpSa Articles Of IOpOr- poration according to laN, the termination thereof shall be Twenty-Five years thereafter. Fifth. The affairs of this Corporation shall be conducted by Board of five Directors, and the following named shall constitute the B1ard of Directors until their successors are elected: Lanneau, Harley c. True and Peter Riley. Thereafter, the Board of Directors shall be elected from among the stockholders on the first Monday in May of each year. The officers of said corporation. until their successors are elected, shall be: Paul Reisinger, Presid ent; Lanneau, Secretary and Treasurer.
 Sixth The highest amount of indebtedness or lia bility direct contingent. to which this corporation is at any time subject shall be Six Thousand Dollars, which amount does not ex- ceed two thirds the amount of the capital stock.
 Seventh. The private property of the stock holders of this corporation shall be exempt from corporate debts ot any kind whatsoever In witness whereto we have hereunto set our hands and seals this 17th day of March, in the year of our Lord, 1909.
 PAUL PASSENGER
 THOMAS B. lNGLIS
 BASIL R. LANNEAU
 HARLEY c. TRUE
 PETER RILEY