Arizona republican., 1897-11-14

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 c. ESCHMAN & co. ARTICLES OF INCORPORATION of the
 PHOENIX GROCERY COMPANY. Knclw All Men By These Presents: That we, B. N. Wilson, M T. Russell, J. B. Wilson, E. s. Russell, D E. Will son, J. E. Stovall and P E. Wilson, of the City of Phoenix, Maricopa County. [ Arizona Territory, have associated and do hereby associate ourselves to- gether for the purpose of fcIming a corporation under the laws of ithe Ter ritory of Arizona, and in pursuance of said purpose, do hereby make, adopt, sign, acknowledge and publish the l following Articles of Incorporation. l Article I.-Thel names of the incor- porators of this corporation are: E. i N. Wilson, M. T. Russell, J. B. Wilson, E. s. Russell, D. B. Wilson, J. E. 1 Stovall and F. P. Wilson, of the City of Phoenix, Maricopa County, Arizona l Territory.
 The name of this corporation Is ard 1 shall be THE PHOENIX GROCERY | COMPANY, and its principal office and place of transacting business shall be at the City of Phoenix, in Maricopa County, Arizona Territory; but it may own and manage stores and other i property and establish offices at any other place or places within the Ter ritory of Arizona; and it's board of directors may meet and transact busi- ness at such other places as may he provided in the bylaws of this cor | ftu,,, n.1 of y,1n ao where all the megnb:rs of the board of directors may be present and deem proper.
 Article 1.-The general nature of the business of this corporation shall be the buying, owning and selling of groceries, hay ard grain, agricultural products, general m merchandise and real estate, and the owning and main taining and carrying on of wholesale and retail stores in the city of PhOe- nix and such other places wionin the Territory of Arizona as its board of directors may deem expedient: and said corporation shall have the power to do and transact any and all kinds of business and ito do and perform any and all acts that a natural per- son might or could do.
 Article III-The time of the com memcenment of this corporation shall be immediately upon the filing of these articles in the office of the county re- corder of Maricopa county, Arizona territory; and the technination, thereof shall be twenty Live y:sars thereafter, unless further extended according to law
 Article IV.-The amount of capital stock of this corporation shall be twenty thousand (s2OOO0.O0) dollars, divided into two hundred shares of thIa par value of one hucldred ($191.00) dollars each; and thta same shall be paid in cash Or it's equivalent in valua when called and as determined by tha beard of directors and no share shall be issued until fully paid, and there- after shall be. nom -assessable.
 ,Articla V.-The highest amount oi indebtedness or liability to which this corporation shall at any time subjec; itself is the sum of thirteen thousand dollars. The corporation may by au- thority of the board of directors bor- row money and contract to rspay the 7 same, with interest; but the property of the corporation shall never De , mortgaged or pledged without the di. } rect authority of the holders of z IIdJOIWly Ou tult lSSu6u SuUCk Ol Luls corporation.
 Article VI.-The stockholders of thi: | corporation and their private property shall always ba exempt from Habili! for the corporate dIsibts, and all stocl f issued as fully paid shall be foreve f nom assessableL
 , Article VII-The affairs of this cor poration shall be managed by a boart n Rt icfir 8,f cJ-,Ofa a1x holders who shall be elected anHrall, on the second Monday after the frs day of January of each year, by three-fourths vote of ,lhe stock issued provided, however, that the incor , porators hereiof shall be and act al directors until the annual election tt , be held in January, 1899.
 Articaa VIII.-The officers of thi corporation shall be a president, vice president, secretary and treasurer am such OthGr officers as may be providet : for in the bylaws.
 Such officers shall be elected by tn stockholders from the board of direct
 ors at their acnual meeting in Jan uary, and shall not be removed by tn
 board of directors, but only by
 thres fourths vote of the stock isstn d at a meeting regularly called for tn
 purpose of considering the question Q
 removal.
 A majority of three-fourths of al
 the stock issued shall be necessary t la,hct any officer or member of th
 board of directors except such electiol as Hthe bylaws may prescribe to fl vacancies
 And the oficsrs until the annua election i'm January, 1899, shall be a follows, to-wit: President, E. N Will . son; vice presidisnt, J. E Wilson; sec retary, E. $. Russell; treasu CT, M I Russell.