Arizona republican., 1913-01-13

I Adams street, Phoenix. Arizona; w.. $. Bradford, 1909 East Van Buren street, Phoenix. Arizona
 Article n.
 SECTION The name of the cor porauon shall be THE PHOENIX LABOR TEMPLE ASSOCIATION. and it's principal place of business shall be at the City of Phoenix, Maricopa county, State of Arizona.
 Article ll
 SECTION l. The general nature of the business proposed to be trans acted by the corporation is:
 A. To buy. sell, exchange, and generally deal in properties. improv- ed and unimproved, office buildings, store buildings, dwelling houses, barns water rights and privileges; to build construct operate. maintain, lease and sell dwelling houses, apartment houses l and business blocks of all kinds and l description. To maintain a general real estate agency and brokers busi- ness, including the rights to manage estates, to act as agent, broker or attorney. in fact for any person or 1 corporation; to make and obtain loans upon real estate. improved or unimproVed. and to supervise. man. age and protect such property and i loans, and all interests and claims affecting the same; to improve. man age operate, sell. mortgage, lease 1 or otherwise dispose of any propetrv real or personal and take mortgages and assignments of mortgages upon the same
 B. To export, import. buy. sell, and generally deal in goods. wares. mer- chandise, and property of every class and description
 C. To carry on a banking and trust company business and in con nectiOn herewith to discount bills, notes. and other evidences of debt. receive and pay out deposits with or l without interest, receive on deposit money or bullion or foreign coin. stocks, bonds. or other securities; to buy and sell foreign and domestic exchange, gold and silver bullion. foreign coins. bonds, stock, bills of exchange. notes and other negotiable paper, to lend money on percentage, security ar bonds, pledges of bonds or other negotiable securities. to take i and receive security by mortgage or 1 otherwise upon property, real and | personal; to invest money for in diViduals or corporations and to act as trustee for any purpose; to do | any business and exercise any DOW 1 CTS incident to the business of trust companies doing a banking business. D. To purchase capital stock of the corporation and to sell the same. F.. To establish. acquire. maintain, conduct and carry on places of rec reation and amusement
 Article w.
 | SECTION | The amount of the capital stock of the corpOration shall be One Hundred Thousand Cs100, ,000) Dollars. divided into Twenty Thous- and (20,OOO) shares of the par value of Five Cs50O) Dollars each.
 SECTION 2 All stock shall be non -assessabls and shall be fully paid for in cash at the time vi it's issue and no other stock shall be issued until the par value thereof shall have been fully paid. and all subscriptions for stock shall be pay able on demand or within Ninety t90) days from the date of such subscrip- 1 tionS
 SECTION 8 No stock shall be issued to or be held by any person company corporation. partnership or association other than a local branch lodge or other regular sub- division of a labor union or the socialist party in good standing, or member ir good standing of any such local branch lodge or sub division or a labor un- ion or the socialist party.
 SECTION f No person shall al any time acquire hold or own more , than twenty shares of the stock oi the corporation and no local, branch lodge, or other sub division of any labr union or the socialist party shal at any time. acquire, hold or owr more than one hundred shares of tho stock of the corporation.
 SECTION ,. Whenever any persor or any local, branch, lodge or sub. . division of a labor union of the SO cialst party shall acquire more thar the number of shares of the stocE of the corporation than is herer permitted to be held by any suci person, lodge, branch, or sub division | held shall thereupon be forfeited tC f the corporation and shall become thu
 property of the corporation upor the payment to the holder thereo the par value thereof.
 SECTION 6. The right of stock holders to vote upon any proposition i except for directors or managers o : 1 the corporation, shall be limited t 1 one vote to each individual stock Q holder. and to one vote for eacl V twenty shares, or major fraction O r twenty shares, held by each local r branch, lodge or sub division of 9 labor union or the socialist party. V Article V.
 SECTION l. The time of the com
 mencement of this corporation shal be the sixteenth day of January. 1913
 and the termination thereof shall b. l twenty-five years thereafter. but i : may be renewed from time to tim
 as provided by statute.
 E Article VI