Arizona republican., 1910-02-04
NEW PROMOTION BY ATTORNEY WILKINSON
Phoenix Title and Trust Company Filed Articles ef Incorporation
 Yesterday.

The articles of incorporation of the Phoenix Title and Trust company, in-
 corporated by L. w. Coggins. Lloyd B.
 Christy and H. B. Wilkinson, with a capital stock of S10O.000 were filed yes terday. The stock of the company un- der the articles cannot be issued for
 less than it's par value of S100 per share The corporation is to be con- trolled by a board of not less than seven nor more than fifteen directors and the first board which is to serve until the annual meeting of January. 1911. is composed of F.. B. Gage. Phoe- nix. Arizona: Dwight B. Heard. Phoe- nix. Arizona: Philip Wiseman. Los An geles, California: John Dennett, Jr Silverbell, Arizona;: E. J. Bennitt. Phoenix, Arizona; H. P. DeMund. Phoenix. Arizona; Lloyd B. Christy. Phoenix. Arizona; E. A. Marshall, Phoenix. Arizona; R. H. Greene. Phoe- nix. Arizona; L. w. Coggins. Phoenix. Arizona: H. B. Wilkinson. Phoenix. Arizona.
 The officers of the board of direct DTS are: E. B. Gage. president; John Dennett. Jr.. vice president; H. B. Will kinson, secretary and treasurer. L. w. Coggins. manager
 The corporation is formed primarily for taking over the business of the Phoenix Title Guarantee and Abstract company and enlarging it's business to meet the purposes set forth in article " of it's charer. which reads as fol- lows:
 "The purposes for which this corpor- ation is formed are: To acquire abstract plants, to examine public records. to prepare statements of any matter Of record. including abstracts and certi- ficates of title; to issue policies of in surance and other contracts and re- ports affecting titles to real estate and affecting rights and interests in mort gages. bonds, or any other property right whatever: to acquire a safe de- posit plant and other measures assur- ing safety to deposition of valuables: to do a general trust business. act as agent. trustee. administrator, executor. guardian. depositary and fiduciary servant; to invest it's funds and as- sets in secured loans. mortgages. bonds. and real and personal property of any kind whatsoever; to acquire stock of other corporations: to hold and dis pose of any property or right acquired by the corporation. All of said busi- ness shall be conducted for profit"
 It will be recalled that sometime ago the Phoenix Title Guarantee and Ab- stract company was bought by the Union Savings Bank and Trust com- pany. but has since been conducted in its former quarters and by the same active management as before. The new corporation buys the business direct from the bank. thus segregating it entirely from the business of that or any other bank. It is proposed to make it an entirely free and independ- ent concern. doing no business that will conflict with that of any banking in stitution and regarding the banks as feeders. or. better expressed. natural patrons of such an institution.
 The promotion of this new corpora ton has been accomplished by H B. Wilkinson as an independent project of his own. and the fact that he was a central figure-in the recent reorgani- ration of the Union Bank and Trust company when the abstract company was bought. has no bearing on the present promotion. Though their in- terests were for the time cooperative. by this latest transaction theya are di- vorced. There are a number of large in this new corporation whose names appear neither in the list of stockholders nor in the list of direct DTS. Among them may be mentioned Judge J. S. Nave of Globe. who has become associated merely as an in- vcstment. He will have no active par ticipation in the management of the company.
 The company will for the time being to do business at the pres ent location, corner of Center and N Washington streets until a more de- ,irable place has been found for the arger business it expects to transact. The office management of the com Dany will continue to vest in L. w Ioggins. who has been the central fig Ire in the old company and the active of the company for many ears
 
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