Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1895-05-28

ALEXANDRIA Mercantile and Real Estate 10.
Of Alhambra, MaricOpa County, Arizona.
We, josiah Harbert. George w. Harbert Ar
thur E. Hinton, Gilbert D. Gray aud John T.
Harbert, whose names are herein subscribed
for the purpose of forming corporation and
being incorporated under the laws of the terri
tory OF Arizona, and especially an Act of the
legislative assembly thereof entitled ian Act
concerning corporations" approved March Sth,
1887, and all Acts ameudatory thereto, have
adopted, signed and acknowledged these art1-
cles of incorporation.
ARTICLE 1.
The name of the corporators of this cor
poration are: Josiah Harbert. George W. Har-
bert, Arthur E. Hinton, Gilbert D. Gray and
Joht T. Harbert
The name OF this corporation, and by
which it shall be designated and known,
is the Alhambra Mercantile and Real Es-
tate Company, ana its principal place
of transacting business is and shall be IN
the town of AlhamDra, Maricopa county, terri
tory of Arizona. and at which other place or
places as its board OF directors may from time
to time hereafter designate.
ARTICLE II.
The general nature and character of the bust
ness proposed to be transacted by this corpOr-
alton is and shall be that of a general whole
sale and retail mercantile and real estate bust
ducts and supplies and buying and selling all
kinds of real estate, and buying and selling any
product whatever that is manufactured, grown
or produced, also stock in other corporations.
ARTICLE III.
The authorized capital stock of this corpora
ton is fifty thousand ,000) dollars, divided
into five hundred (500) shares of the par value
of one hundred goo dollars per share. The
when and the conditions upon which said
capital stock is to be paid in are as follows
All stock shall be paid in full in cash, or in
property at the time said stock is issued and
no stock shall be issued by this company until
it shall be fully paid, and thereafter shall be
non assessable.
ARTICLE ".
The time of commencement of this corpora
ton shall be the date of the filing of these
articles OF incorporation for record with the
county recorder OF Marlcopa county, Arizona
territory, and the termination thereof shall be
twenty-five 25 years thereafter.
ARTICLE V.
The affairs of this corporation shall be con-
Quoted by board OF directors consisting of
five (5) persons, each OF whom shall be stock
holder in the corporation, and shall be elected
at the annual meeting of the stockholders and
hold their resi- ective offices as such directors
for one year, or until their successors are
elected and qualified; provided, that any officer
or director ceasing to be q stakeholder shall
cease to be an officer or director in the corpor-
alton, and any vacancy in the board of direc
tors shall be filed oy the board until the next
annual meeting of the stockholders. The first
annual meeting of the stockholders of this cor.
poration shall be held at the office of the cor
poration in the town of ALEXANDRA, Arizona
territory, on the second Monday in January,
1896, at the hour of 10 O'Clock, a. M, aud the
annual meeting of the stockholders shall be
thereafter neld at the hour of 10 o'clock in the
forenoon of said day.
ARTICLE VI.
The officers of this corporation shall be
president, vice president, secretary and treas
urer, each OF whom shall be elected by the
board of directors from among their number
at the next annual meeting after their annual
election in each year.
The president shall be the chief executive of
fcer OF the corporation and shall have the gen
eral management OF all its affairs subject 70
the approval and control of the board of direc-
tors. All certificates of stock, contract and
other papers except checks shall be signed in
the corporate name by the president, and in
his absence or inability to act, the vice presi-
dent shall posses all the powers and perform
all the duties of the president. The checks of
the corporation may be signed by either the
president or secretary.
ARTICLE VII.
The following named persons who are sub
scribers to the capital stock of this corporation
shall constitute the board of directors and of
fcers OF this corporation until the second Mon
day in January, 1885, and until their successors
are duly elected and qualified viz: Josiah
Harbert, president: Gilbert D. Gray Vice Presi-
dent; George W Harbert, Secretary; Arthur E.
Hinton, Treasurer.
soon as practicable after the filing of these
articles of incorporation in the Office of the
county recorder of Maricopa county, Territory
of Arizona, meet and adopt by laws and may
prescribe in said bylaws the method of calling
meetings of the board of directors and stock |
holders. The board of directors shall have
power to prescribe the duties of the officers and
agents of the corporation and fix their salaries |
and compensations. A majority OF the board of
directors shall constitute quorum and any
meeting OF said board of directors at which a
quorum shall be present, shall be deemed
legal meeting and have the same authority as
a full board whether the absent members shall
have had first notice of said meeting or not.
ARTICLE VIII.
The highest amount of Indebtedness or liabil- |
ity to which this corporation is at any time to
subject itself is the sum of Twenty Thousand
1870 000) Dollars.
ARTICLE TX.
The private property of the individual stock
holders of this corporation is and shall be ex-
empt from the corporate debts OF the corpora
ton.
ARTICLEX.
The corporation shall never loan its credit
for the purpose of endorsing commercial papers
or becoming security On any bond or obligation
whatsoever
ARTICLE XII.
The board of directors shall have power to
borrow money, execute the corporate note or
bond of the company to secure the payment OF
the same by mortgage on the company's pro-
perry or in any other manner designated by the
board of directors.
ARTICLE XII.
These articles of incorporation may be
amended at any annual meeting of the stock
holders or at any special meeting of the stock
holders called for that purpose by majority
vote of all the stock then issued, voting in |
favor of such amendment and all amendments |
so made shall be signed and acknowledged by |
the president and shall have the same force
and effect as the original articles Of incOrpora-
ton without the signature of the individual
stockholders whereto,
In witness whereof we have hereunto set our
hands this sth day of May A. D., 1895,
JOSIAH HARBERT. a |
GEORGE W. HARBERT,
ARTHUR E. HINTON,
GILBERT D. GRAY.