Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1915-01-16
ARTICLES OF INCORPORATION

WESTERN MORTGAGE COMfANI
KNOW ALL MEN BY THESE
PRESENTS that we, the undersigned.
have this day voluntarily associated
ourselves together for the purpose of
forming a corporation under the laws
of the State of Arizona, and we hereby
certify:
The name of said corporation Is
WESTERN MORTGAGE COMPANY.
The name, residence and post office
address of each of the incorporators is
as follows:
Name Lloyd r. Sturges residence
and post office address: 423 ~ Second
St. Albuquerque. n. NJ.
Name: George Roslington, residence
and post office address: 3o5 n.
Twelfth St, Albuquerque. n. NJ.
Name: J. w. Hesselden. residence
and post office address. Wagon Mound,
New Mexico.
The principal place of business of the
corporation in the State of Arizona
shall be at the City of Phoenix in the
County of Maricopa State of Arizona,
and O. A. Kane. of Phoenix. Arizona, is
hereby appointed as agent of said cor
poration on whom process may bo
served in the State of Arizona.
The Company may also maintain q
place of business at Albuquerque, New
Mexico. and may have such other Of
fees within or without the State of
I Arizona as may be established by tho
Board of Directors. and meetings of the
stock holders and Board of Directors
may he held at any such offices OF
places of business.
| The general nature of the business
proposed to be transacted is to buy and
sell mortgages, stocks. bonds and all
other kinds of commercial paper; TO
; buy, sell, mortgage and lease real es-
| tate. to carry on real estate bust
| ness; 10 act as insurance agents and
brokers: to sell investment bonds ana
to do such other acts and things as
may be necessary to carry out the pur-
| pose of said corporation.
v
/ The amount of the capital stock Of
! said corporation shall be one hundred
| thousand dollars ($l00,00O, divided
| into one hundred thousand shares OF
| the par value Of one dollar $1,000 each,
| OF which ninety thousand 0,000)
| shares shall be preferred stock and ten
| thousand 100000 shares shall be COM
mon stocn: and said stock shall be is
sued fully paid and worcestershire at
| such time or times as the board of di-
| rectors may from time to time desig-
nate in exchange for cash, proper ser
| vices or other valuable rights or things,
| and the judgment of the board of di-
| rectors as to the value thereof shall be
conclusive. The relative rights of the
two classes OF stock shall he as follows
| (aD owners of preferred stock shall
| have no voice in the management of
the corporation owners of common
! stock shall be entitled to participate in
all stock holders meetings and TO cast
one vote for each share of common
| stock owned.
tb) owners of preferred stock shall
receive in January of each year spe-
cial dividend of seven per centum or
| such less amount as the net profits of
he preceding calendar year will pay,
but such special dividends shall be nom
cumulative.
| (c) All net profits in excess of the
special dividends upon the preferred
stock as above provided shall be the
property Of the corporation and may be
carried as surplus or distributed from
time to time in the way of general
dividends and all general dividends
declared by the Board of Directors shall
be distributed one-half thereof to tho
preferred stock holders and the re-
naming one half Ia the holders OF
common stock.
! The time of the commencement of
this corporation shall he the date these
articles are filed in the office of the
| corporation commission in the State of
Arizona. and the termination thereof
shall be twenty-five wears thereafter.
VII.
| The affairs of this corporation shall
he conducted by Board of Directors
which shall consist of such number.
not less than three. as may be provided.
| from tlne TO time DN tIlt J'N Laws W
the corporation. and said directors
shall be elected at the annual meeting
| of stock holders which shall be held ON
the Fourth Tuesday of January in each
YEAR and until other directors are
| elected by the stock holders Lloyd ".
Sturges. George Roslington and j. w.
Hesselden shall be the directors.
| VIII.
The highest amount of indebtedness
or liability direct or contingent to which
this corporation shall at any time sub
ect itself shall be siXtysiX thousand
dollars tS6e.000)
The private property Of the stock'
holders shall be exempt from all corr
porate debts
IN WITNESS WHEREOF We have
: hereunto set our hands this 9th day OF
. January. A. D., 1915.
(SIGNED) B
Lloyd E. Sturges.
George Roslington
J. W HeSselden.
STATE. OF NEW MEXICO
COUNTY OF BERNALILLO-ss
On this 9th day of January, 1915. be-
fore me- a notary public within and for
said county appeared George Rosling-