Arizona republican., 1897-11-19
ARTICLES OF INCORPORATION
 of the
PHOENIX GROCERY COMPANY.

ARTICLES OF INCORPORATION of the
 PHOENIX GROCERY COMPANY.
 Knew All Men By These Presents: : That we, B. N. Wilson, M T. Russell, 1 J. E. Wilson, E. S. Russell, D. E. Will son, J. B. 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 forming corporation under the laws of lthe Ter ritory of Arizona, and in pursuance of said purpose, do hereby make, adopt, sign, acknowledge and publish the following Articles of Incorporation.
 Article I.-The names of the iucor- porators of this corporation are: E. N. Wilson, M. T. Russell, J. B. Wilson, D. s. Russell, D. E. Wilson, J. B. Stovall and P. E. Wilson, of the City of Phoenix, Marieopa County, Arizona Territory.
 The name of this corporation Is a- d 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 proper1ty and establish offices at any other place or places within the Ter ritory of Arizona; and its board of directors may meet and transact busi- ness at such other places as may be provided in the bylaws of this cor poratipn, and at any time and place where all the membeIrs of the board of directors may be present and desm proper.
 Article 1.-The general nature of the business of this corporation shall be the buying, owning and selling of groceries, hay and 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 wi1hin 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-Thel 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 twerstt:y1 five y;sars thereafter, unless further extended according to law
 Article IV-The amount of cap tai stock of this corporation shall be twenty thousand CS20,000.00) dollars, divided into two hundred sha es of tha par value oi UIie hurdI ed ($10l00} dollars each; and tIhll same shall be paid in cash CT its equivalent in value when called and as determined by the board of directors, and no share shall be issued until fully paid, and there after shall ba. -assessable.
 ,Articla V.AThe 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 pr pledged without the di rect authority of the holders of a majority of the issued stock of this corporation.
 Article VI.-The stockholders of this corporation and their private property shall always be exempt from liability for the corporate dIsibts and all stock issued as fully paid shall be forever nOn-aSsesSajble.
 | Article VII-The affairs of this cor poraItion shall be managed by board of directors consisting of seven stock holders whO shall be elected annually on ths second Monday after the first day of January of each year, by a i three-fourths vote of tthe stock issued 1 provided, however, that the incor- porators hereof shall be and act as directors until the annual election to be held in January, 1899.
 Article VIII.-The officers of this corporation shall be a president. vice president, secretary and treasurer and such othsr officers as may be provided for in the bylaws.
 Such officers shall be elected by the stockholders from the board of direct ors at their a9nual meeting in Jan uary, and shall not be removed by the board of directors, but only by a three fourths vote of the stock issu- d at meeting regularly called for the purpose of considering the question of removal.
 
 the stock issued shall be necessary tn lelect 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 in January, 1899, shall be as follows, to-wit: President, E. N Will son; vice president, J. B. Wilson; sec retary, E. $. Russell; treasu CT, M T Russell.
 Article IX.-The stockholders alone shall have power to make bylaws and regulations for the management o1 the affairs of this corporation, and the sale and transfer of it's stock
 Article X.-These articles may be amended at any annual meeting of the stockholders or amy special meeting called for that purpose by a three fourths majority vote of the stock is