Arizona state miner., 1925-04-04

selves together for the purpose of
forming a corporation under and pur-
suant to the laws of the State of Ari-
zona, and for that purpose do hereby
adopt Articles of Incorporation as fol-
lows:
Article
The name of this corporation shall
be PHOENIX REALTY A N D
TRADES COMPANY.
Article II
The principal place of business of
this corporation within the State of
Arizona shall be at Phoenix, Mari
cOpa County, and at such other places
as the Board of Directors may deter
mine where meetings of directors
may be held and all business trans.
acted.
Article III
The general nature of the business
proposed to be transacted is a gen.
eral real estate, loaning and invest
ment business; to sell, buy, rent and
exchange real estate, and generally
deal in real estate as agent for the
buyers and sellers of real property,
and to collect commissions therefor;
to write fire insurance as agent for
any fire insurance company that may
be authorized to do business within
the state of Arizona, and to collect
commissions therefor; to loan and
invest moneys as agent, and to carry
on a general investment business
and to collect commissions therefor;
to act as agent, trustee, or in any
other fiduciary capacity, to borrow
and loan money; and in general to
do and perform such acts and things
and transact such business, not in
consistent with law, as the Board of
Directors may deem to the advantage
of the corporation.
Article w
The authorized capital stock of this
corporation shall be Ten Thousand
($1O,0 O,000.0O) Dollars, divided into one
thousand shares Of the par value of
Ten ($10.0O) Dollars each. At such
time as the Board of Directors may
by resolution direct, said capital
stock shall be paid into this corpora
ton, either in cash or by the sale
and transfer to it of real or personal
property, contracts, services or any
other valuable right or thing for the
corporation.
in payment for which shares of the
capital stock Of said corporation may
be issued, and the capital stock so
issued shall thereupon and thereby
become and be fully paid up and non
assessable forever, and in the absence
of actual fraud in the transaction,
the judgment of the Directors as to
the value of the properly purchased,
shall be conclusive
Article v
The time Of the commencement of
this corporation shall be the date of
the delivery to it of a certificate of
incorporation by the Corporation Com
mission of the State of Arizona, and
the termination thereof shall be TWEEN
ty years thereafter, with the privilege
of renewal as provided by law.
Article vi
The affairs of this corporation shall
be conducted by Board of Directors
and such officers as the Directors
may elect or appoint, and the follow
ing named shall constitute the Board
of Directors until their successors
are elected and qualified: w. CAR
ROLL BEST, JOHN P. COATES and
MRS. IDA J. BURRELL. Thereafter
the Board of Directors shall be
elected from among the stockholders
at the annual stockholders meeting
to be held on the second Tuesday in
May of each year. The names of the
officers who shall have charge of the
corporate affairs are a President,
Vice President and Secretary-Treas-
urer.
Article VII
The Board of Directors shall have
power to adopt and amend bylaws
for the government of the corpora
ton, to fill vacancies occurring in
the Board for any cause, and to ap-
point an executive committee and
vest said committee with such pow
ers as they may determine.
Article Viii
The highest amount of indebted
ness or liability, direct or conting-
ent, to which this corporation shall
be subject at any one time shall be
Five Thousand ($5,0O0.0O) Dollars.
Article TX
The private property of the stock
holders and officers of this corpora
tion shall be exempt from any corpor-
ate debts of any kind whatsoever.
Article x
The names, residences and post
office addresses of the corporators
are:
Names Residences Addresses
w. Carroll Best, Phoenix, Arizona,
IA West Adams Street.
John P. Coates, Phoenix, Arizona,
IA West Adams Street.
Mrs. Ida ]. Burrell, Phoenix, Ari-
zona, II West Adams Street.
IN WITNESS WHEREOF, we have
hereunto set our hands this 3Oth day
of March, 1925 (SIGNED)