Arizona republican., 1891-12-25
ARTICLES OF INCORPORATION
''The Arizona Republican Company

We, Theodore j. Wolney and States D. Morrl- son, desiring tO incorporate ourselves, under the provisions of the laws of the Territory of Arizona, and especially an act of the Legisla- tive assembly thereof, entitled, An Act Con cefning CorporatiOns,' approved March $, lS5I, for the purpose of engaging in the lawful enter prlses, business, pursuit and occupation herein. after speCiiked, do make subscribe and ac- knowledge according 10 law, these articles of incorporation, and declare:
 FIRST. The name assumed by this corpora ton and by which it shall be known Is "The Arizona Republican Company" and its princi- pal place of transacting business Is the City of Tucson, County Of Pima, in the Territory Of Arizona, and the time of the commencement of this corporation shall be the day of the filing of these articles in the office of the county re cOrder, County of Pima, in the Territory of arizona, and the termination thereof shall be twenty-five (2jl years thereafter.
 SECOND. The enterprises, business, pursuit and occupation in which this corporation pro. poses 10 engage, is tha: Of publishing news paper, to be known and called "Ihe Arizona Republican" and such other newspapers as the board of directors Of thi corporation shall here matter desire to publish, to carry on the busi. ness of publishers generally, to do general job printing, engraving, nthOgraphing and publi. cation business, and to acquire, possess, hold and enjoy, and use all kinds of property incl dt ntal Ur convenient, or necessary in andabOut the carrying on of said business, and to buy and sell printing presses, types and all other kinds of apparatus, implements, furniture, tools and other property convenient, or useful,
 
 hereinabove named; to borrow money and cou- tract 10 repay the same at such time or times, and with such nate or rates of interest as its board of directors see ht, and to hS pothecate, mortgage or pledge all or any part Of the prop ery of this corporation and all any part of the property which this corporation may hereinafter acquire; to secure the payment Of sucn money with interest, or t0 secure the payment or any debt of this corporation, with such interest thereon as it may legally obligate itself 10 pay.
 THIRD The place wheIe this corporation will al HVN 4 Is the City of Tucson, m the County of Pima, Territory Oi Arizona.
 FOURTH. The amount of the capital stock of this corporation shall be dfty thousand (5OOOO) dollars, divided into five thousand shares of ten uO) dollars each, and the time when, and the condition upon which tt is to be paid are as fol- lows, towit The entire face value thereof i'm mediaiely upon making the subscription there for.
 FIFTH. The par value of each share of the cap. ital stock or this corporati' n shall be ten tl0) dollars.
 SIXTH. The highest amount of indebtedness, or liabi ity, direct or contingent, to which this corporation at any time Is to be subjected, is the sum of fifteen thousand u5,0O0J dollars.
 SEVENTH. The stockholders in this corpora ton, and their private property shall be exempt from the corporate debts of this corporation.
 EIGHTH. The affairs of this corporation are to be and they shall be conducted by the board of directors, consisting of five persons, who shall be elected annually by the stockholders, at such time and in such manner as shall be prescribed
 
 whom shall be subscribers to the capital stock of this corporation, and hereinafter no person snail be eligible to the office of director unless he ish stockholder in the corporation: provided. that said board Of directors may elect such off cers and appoint such committees from their own number to aid in the management of the business, and the conducting the affairs of the corporation as they m 4y see fit, and vest in said officers and said committees all such powers as they may deem eXpedient The following named persons, who are subscribers to the cap ital stock of this corporation shall constitute the board of directors of this corporation until the first Monday in Dece nber, 1892, and until their successors, duly qualified, shall be elected, tO.wit: Lewis WOlney, Clark Churchill John A. Black, Thomas Hughes and Theodore J. Welfey. Any person ceasing to be a subscriber shall cease to be a director. and hereinafter if any director shall cease to be a stockh hc shall cease to be a director. Vacancies in he board of directors shall be filed by the remain ing members Of the board. Immediately, or as soon as practicable, after the filing of th, County of Pima, Territory of Arizona, the per sons named herein as directors to serve until the first Monday in December, iS92, until their successors, duly qualified, shall he elected shall meet and organize as board of di- rectors, adopt Dy laws, and prescribe in said bylaws the method Of calling meetings of the board of directors and stockholders. A ma jOrity Of said directors shall be a quorum for the transaction of the business of said board.
 The stockho ders of the corporation are here by authorized and empowered to increase or diminish the number Of the members consti- tuting the board of directors of this corporation, by vote of the majority of the subscribed cap iial stock, and each share subscribed or held hall entitle the subscriber therefor or holder thereof to Q le vote at all mee ting- of the sub scrbers or holders of said stock, and in case the said subscribers to or holders Of the capital stock shall by vote increase the number of members of the said board of directors the members of said board thus created shall each have the same powers as each of the five mem. bers of said board created by these articles. The board Of directors of this corporation shall have power tO establish bylaws and make all rules and regulations deemed expedient for the management of the affairs of this corpora. tion, and the officers thereof, not inconsistent with the constitution and laws of the United States and the laws of this Territory.
 In witness whereof we have hereunto set our hands and seals, this 2lst day of November, 1891.
 THEODORE J. wOLFLEY, [seall STATES D. MORRISON, tseali