Arizona republican., 1895-05-19
ARTICLES OF INCORPORATION
 OF THE Alhambra Mercantile and Real Estate O. of Alhambra, MarieOpa 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 ana being incorporated under the laws of the terfi- tory of Arizona, and especially an Act Of the legislative assembly thereof entitled "an Act concerning corporations" approved March oth, 1887, and all Acts amendatOry thereto, have adopted, signed and acknowledged these arti- cles of incorporation.
 ARTICLE I.
 The name of the corporstors of this cor poration are: Josiah Harbert. George W. liar. 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 Els tate Company, and its principal place of transacting business is and shali be Tn the town of Alhambra, Maricopa county, terri tory of Arizona. and at which other place or places as it's board ot directors may from time to time hereafter designate.
 ARTICLE II.
 The general nature and character of the busi- ness proposed to be transacted by this corpor aton is and shall be that of 8 general whole sale and retail mercantile and real estate bus1- ness, buying and selling all kinds of farm pro 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 tion is fifty thousand (S50000) dollars, divided into five hundred (500) shares of the par value of one hundred Q00) 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 ill 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 tion shall be the date of the filing of these articles of incorporation for record with the county recorder of Maricopa county, Arizona territory, and the termination thereof shall be twenty-five (25) years thereafter.
 ARTICLE V.
 The affairs of this corporation shall be con- ducted 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 stockholder shall cease to be an officer or director in the corpor- ation, and any vacancy in the board of direc- tors shall be filled by the board until the next annual meeting of the stockholders of this cor poration shall be held at the office of the cor poration in the town of Alhambra, Arizona territory, on the second Monday in January, l896 at the hour of 10 o'clock, a. m., and the annual meeting of the stockholders shall be thereafter held ut the hour of 10 o'clock in the forenoon 0f Sald 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 ficer of the corporation and shall have the gen eral management of all its affairs subject to 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 ooii in 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 or ficers of this corporation until the second Mon day in January, 1896, 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. The above named board of directors shall as 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 a9ents of the corporation and fix their salaries and compensations. maj ority of the board of directors shall constitute quorum ana any meeting Of said board of directors at which 8 quorum shall be present. shall be deemed a 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 iS20 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 tion.
 ARTICLEX.
 The corporation shall never loan it's credit for the purpose of endorsing commercial papers or becoming security on any bond or obligation whatsoever.
 ARTICLE XI.
 The board of directors shall have power to borrow money, execute the corporate note oI bond of the company to secure the payment o1 the same by mortgage on the companys pro perty 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 called for that purpose by majority vote of all the stock then issued, voting 1T favor of such amendment and all amendments the president and shall have the same force and effect as the original articles of 1ncorp0ra tion without the signature of the indlvldua stockholders whereto.
 In witness whereof we have hereunto set ou1 hands this S.h day of May, A. D., 1895,
 JOSIAH HARBERT,
 GEORGE W. HARBERT,
 ARTHUR E. HINTON,