Arizona republican., 1919-04-07
Legal Advertising

water and E. J. Bennitt, whose resi- dences and post office addresses are Phoenix, Arizona, have associated our selves together for the purpose of forming corporation under the laws of the State of Arizona, and hereby adopt, execute and acknowledge the following articles of incorporation:
 ARTICLE I.
 The name of this corporation is STATE REALTY COMPANY; it's principal place of business shall be Phoenix, Maricopa county, Arizona, with branch offices at such other places, either within or without the State of Arizona, as the board of di- rectors may from time to time es tablish;
 ARTICLE IL
 The general nature of the business proposed to be transacted by this cor poration is that of acquiring, i'm proving. holding and disposing of real estate, in its fullest and most com prehensive sense; and in furtherance of said business, and not in limitation thereof to purchase, lease, locate, patent or otherwise acquire, own, hold, possess, exchange, sell, dispose of, pledge, mortgage, hypothecate and deal in real and personal property of every kind and character; to subdivide and plat real estate and to dedicate to the public any and all streets. highways, alleys and other rights of way upon and acrosss the same; to build. erect. construct and maintain buildings of every kind and character on any real estate possessed by this corporation; to lease, rent, sell, dispose of, and mortgage the same, and to engage in any and every business which may by the board of directors be deemed necessary. or which may be expedient 1 or incidental to the carrying out Of | the objects and purposes of this cor | poration; to borrow money and other wise to incur indebtedness, and to is sue its promissory notes, bonds, in- l dentures and mortgages whenever the same may be deemed necessary by 1 the board of directors in carrying out | the business for which this corporation | is formed; to buy, own, acquire, sell and otherwise deal in it's own stock or the stock of any other corporation and, as the owner thereof, to vote the l stock of any other corporation the same as an individual owner and hold CT thereof;
 ARTICLE III.
 The amount of the capital stock oi l this corporation is One Hundred Thousand Doulars, (s100, 100000, di- vided into One Thousand G,000) shares of the par value of One Hundred Dol lars (s100.00) each; which said stock shall be issued fully paid and non- assessable, and upon such terms ano conditions as the board of directors may determine and prescribe, and tho whole or any part thereof may be is sued and exchanged for cash, property | contracts services or other benefit: | accruing to this corporation, as in thu judgment of the board of director! may be determined to be for the bes | interest of the corporation, and, il the absence of actual fraud in th' 1 transaction, the judgment of the board of directors as to the value of an! such property, either real or personal contracts, services or benefits, shal be conclusive and shall bind all par ties in interest.
 ARTICLE ".
 The time of the commencement o this corporation shall be the date 0 the issuance of certificate of incor poration to it by the Arizona Cor poration Commission, and the time 0 the termination thereof shall b twenty-five years thereafter; provide, that this corporation may enjoy per :, petual succession as now prescribe, by law;
 ARTICLE V.
 !; The business and affairs of this cor poration shall be conducted by a boar