Arizona republican., 1897-11-13

ness at such other places as may he provided in the bylaws of this cor poraHcn, and at any time and place where all the membi5rs 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 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 wiah;n the Territory of Arizona as its board of directors may deem eXpedient; and said corporation shall have the DON CT to do and transact any and all kinds of business and ito do and perform any and all acts that a natural per- som might or could do.
 Article III.-TheI time of the com mencement 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 termination thereof shall be twenty-five y.ars thereafter, unless further extended according to law
 Article IV.-The amount Of cap tai stock of this corporation shall be twenty thousand 0$20,000.00) dollars. divided into two hundred sha. es of thla par value of one hurdred ($19a oO) dollars each; and thI5 same shall be paid in cash cr it's equivalent in valua when called and as des seT1nined by the board of directors, and no share shall be issued until fully paid, and there after shall bas nOn-assessable.
 ,Artiola V.-The highest amount of indebtedness or liability to which this corporation shall at any time subject 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 repay the same, with interest; but the property of the corporation shall never be mortgaged or pledged without the di- rect authority of the holders of a majority of the issued stock of this corporation.
 Article Wilma stockholders of this corporation and their private property shall always ba exempt from liabili.y y for the corporate debts, and all stock issued as fully paid shall be forever nOn- aSsessable.
 Article VII.-The affairs of this cor poration shall be managed by board of directors consisting of seven saock- holders who shall be elected annually on tha second Monday after the first day of January of each year, by a three-fourths vote of the stock issued provided, however, that the incor- porators hersof shall be and act as directors until the annual election to be held in January, 1899.
 Articla VIII-The officers of this corporation shall be a president, vice. president, secretary and treasurer and such othi;T offcars as may be provided for in the bylaws.
 Such officers shall be elected by the stockholders from the board of direct ors at their arnual meeting in Jan uary, and shall not be removed by the board of directors. but cnly by a thres fourths vote. of the stock issu. d at a meeting regularly called for the purpose of considering the question Of removal
 A majority of three-fourths of all the stock issued shall be necessary to Elladt any officer or member of the board of directors except such election as the bylaws may prescribe to fill vacancies.
 And the officers until the annual election i'm January, 1899, shall be as follows, to-wit: President, B. N. Will son; vice -presidlant, J. E. Wilson; sec retary, E. $. Russell; treasurer, M. T. Russell.
 Article IX.-The stockholders alone shall have powter to make bylaws and regulations for the management of the affairs of this corporation, and i.he salla and transfer of it's stock.
 Article X.-These articles may be amended at any annual meeting of the stockholders or amy spacial meeting called for that purpose by a three fourths majority vote of the stock is sued; and when any amendment is made, the same shall be signed by the president and see1td.ary in the corpo- rate name, and acknowledged by thsm on behalf of the corporation, and wheI so signed and acknowledged and filei and recorded and published, as re quired by law, shall have the force ani effect of amendments to these article. of incorporation from the date ot filing such amendment.
 IN WITNESS WHEREOF the par ties hereunto have set tIheir hand. and seals this 18th day of October 1897.
 E. N WILSON. (SeaD
 M T. RUSSELL. (SeaD
 J. E. WILSON. (SeaD
 E. s. RUSSELL (SeaD