The St. Johns herald., 1891-06-25
Articles of Incorporation
 OF THE St. Johns Co-Opsrativa Mercantile
 AND MANUFACTURING INSTITUTION.

Know all men by these presents: That we, J. T. Lesueur, A. V. Gibbons, E. N. Freeman, J. B. Patterson, J. M. Berry, w. E. Platt and Charles Jarvis, have this day voluntarily associated ourselves together for the purpose of forming a corporation under the provisions of the laws of the Territory of Arizona, Title F, entitled Corporations, approved March s, 1887.
 ARTICLE l. The name adopted and as- sumed by this Corporation and by which it shall be known IS the St. Johns Co., Operative Mercantile and Manufacturing Institution, and the principal place of business of said Institution shall be at the town of St. Johns, Apache County, Arizona Territory.
 Article 2. The enterprise and business in which the company propose to engage are those of General Merchandise and Trading Business, dealingin buying and selling all kinds and character of mer- camille commodities known to trade and commerce, selling and dealing in real estate and personal property of all kinds and manufacturing such articles as may be agreed upon by the Board of Direc- tors.
 Article 8. The capital stock of this In- stitution shall be fifty thousand ($5O, ,OOOJ dollars, divided into fifty thousand (50,- 000) shares of the par value of one ($1) dollar each, and the time when, and the conditions upon which it is to be paid are as follows: From time to time after the same shall be subscribed, as the Board of Directors shall by resolution or order prescribe.
 Article 4. The time of commencement of this Corporation shall be the day of filing these articles i'll the office of the County Recorder of Apache County, and shall terminate at the end of twenty-five years from the day of said filing.
 Article 5. The affairs of this Corpora ton shall be conducted by Board of Directors consisting of seven persons, who shall be elected by the stock-hold CTS, from the stockholders of the Com pany, annually, on the first Monday in March, who shall hold theIr office tor the perlod of one year, or until their suc- cessors are elected and qualified; and the following named persons who are subscribers to the capital stock of said Institution shall constitute the Board of Directors until their successors are elect ed by, and at regular meeting of the stockholders of the corporation, name ly: J. T. Lesueur, A. V. Gibbons, E. N. Freeman, J. B. Patterson, J. M. Berry, w. E. Platt and Chas. Jarvis.
 Article 6. The highest amount of in- debtedness or liability to which this cor poration is at any time to subject itself is limited to thirty thousand ($30,000) dollars.
 Article 7. The private property of the stock holders shall be exempt from the debts of the institution.
 Article s. The officers of this corpora- tion shall be President, Vice-President and Secretary and Treasurer, who shall be elected by the Board of Directors from ther number; and the Board of Directors may select and appoint such other officers and agents, to conduct the business, as they may sec fit, and invest in them all such power as they may deem expedient.
 Article g. The Company, at any regu- lar or called meeting for the purpose, may make and adopt such bylaws as they may deem proper and necessary for the government of the corporation and officers thereof; and all meetings of the stock holders each share of stock shall be entitled to one vote, and no meeting shall be held unless majority of the whole paid up stock be represented. Any stock may be voted by proxy, if filed with the Secretary at or before the meeting.
 Article 10. The Board of Directors shall have the right and power to bor- row money, make loans and receive money on deposit.
 In witness whereof We have hereunto set our hands and seal this 9th day of May, 4. D. 1891.
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