Arizona republican., 1915-01-17
ARTICLES OF INCORPORATION RM 2 a ae ~s~ D., of

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.
 H.
 The name, residence and post office address of each of the incorporators is as follows:
 Name: Lloyd E. Sturges, residence and post office address: 423 N. Second St, Albuquerque, N. M
 Name: George Roslington, residence and post office address: 3O5 N. Twelfth St, Albuquerque, N. M.
 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 be served in the State of Arizona.
 The Company may also maintain D place of business at Albuquerque, New Mexico, and may have such other of fees within or without the State of Arizona as may be established by the Board of Directors, and meetings of the stock holders and Board of Directors may be held at any such offices or 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 a real-estate buSi- ness; to act as insurance agents and brokers; to sell investment bonds and 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 (s100.000), divided l into one hundred thousand shares of the par value of one dollar (s1.00) each. of which ninety thousand (90.000) shares shall be preferred stock and ten l thousand (100O0) shares shall be com: | mon stocn; and said stock shall be is- sued fully paid and non-as -assessable at I such time or times as the board of di- l 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 be as follows: ! ta) Owners of preferred stock shall l 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.
 1 (b) Owners of preferred stock shall receive in January of each year a spe- | cial dividend of seven per centum or such less amount as the net profits of the preceding calendar year will pay. but such special dividends shall be non- 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 a 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 the preferred stock holders and the re- maining one-half to the holders Of common stock.
 VI
 The time of the commencement of this corporation shall be 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 years 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 time to time by the Bylaws of 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 F.. 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 a any time sub iect itself shall be sixty-six thousand dollars (s660O0).
 TX.
 The private property of the stock , holders shall be exempt from all cor porate debts
 IN WITNESS WHEREOF We have hereunto set our hands this 9th day of January, A. D.. 1915. |. (SIGNED)
 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 fol , said county appeared George Rosling ton and Lloyd E. Sturges, to me knowI to be the persons described in and wht , executed the foregoing instrument arc acknowledged to me that they executed the same as their free act and deed ant , for the purpose and consideration there