Arizona state miner., 1925-04-18

signed, have his day associated our
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 Ill
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
0,0O0O0) Dollars, divided into one
thousand shares of the par value of
Ten ($10.00) 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
, use and purpose of said 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 twen-
| ty years thereafter, with the privilege
| of renewal as provided by law.
Article vi
The affairs of this corporation shall
be conducted by a 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,OOO.0O) Dollars.
Article TX
The private property Of the stock
holders and officers of this corpora
tion shall be exempt from any corpor-
dCe ueUCS VI any hIAu WuaCSO0VeE.
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 J. Burrell Phoenix, Ari-
zona, Ia West Adams Street.
IN WITNESS WHEREOF, we have
hor.onrto cot ON. hordr THO o0AI, 1anrz