Arizona republican., 1897-11-17
ARTICLES OF INCORPORATION
 of the

ARTICLES OF INCORPORATION
 of the
 PHOENIX GROCERY COMPANY.
 Know All Men By These Presents: That we, E. N Wilson, M. T. Russell, J. E. Wilson, E. S. Russell, D. B. Will son, J. E. Stovall and P. B. 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 the 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 incor- porators of this corporation are: D. N Wilson, M. T. Russell, J. E. Wilson, B. s. Russell D. B. Wilson, J. B. Stovall and P. E. Wilson, of the City of Phoenix, Maricopa 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 propsrty 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 3S may he provided in the bylaws of%this cor poratDn and at any time and place where all the membars 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 within the Territory of Arizona as its board ot 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 natural per- son might or could do.
 Article III-Thel time of the com memcement of this corporation shall be immediately upon the filing of these articles in the office of the county re- ccrder of Maricopa county, Arizona territory; and the termination thereof shall be twerstt9y7 five y;aars thereafter, unless further extended according to 1 law
 Article IV.-The amount of capital stock of this corporation shall be twenty thousand 0s2000000) dollars, divided into two hundred shal es of th;a par value or Utne hu-dTed (S191.0 00l 1 dollars each; and fhla same shall be paid in cash Or it's equivalent in valu7 when called and as determined by th3 beard of directors, and no share shal be issued until fully paid, and there after shall haI non-assessable.
 Articls V.-The highest amcMnl ot indebtedness or liability to which thi: 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 Dor
 row money and contract to rspay tn
 same, with interest; but the propa.t,
 of the corporation shall never b l. mortgaged or pledged without the di ) rect authority of the holders of majority of the issued stock of thi
 corporation
 l Article VI.-The stockholders of thi corporation and their private propert shall always be exempt from liabilisa for the corporate debts, and all stcc issued as fully paid shall be foreve ) non-assessable.
 ) Article VII-The affairs of this COT 5 poration shall be managed by boar ) of directors consisting of seven stock holders who shall be elected anRuall ' |, t day of January of each year, by e three-fourths vote of tlhe stock issued : provided, however, that the incol
 porators hersof shall be and act g = directors until the annual election { . be held in January, 1899.
 = Articls VIII.@The officers of tn | corporation shall be a president, vic " president, secretary and treasurer an $ such othar officers as may be provide d for in the by-laws.
 Is Such officers shall be elected by tl d stockholders from the board of direc l. ors at their alnual meeting in Jal 1T uary, and shall not be removed by u e board of directors, but cnly by T. three fourths vote of the stock issu
 at a meeting regularly called for u t. purpose of considering the question IS removal.
 r, A majority of three-fourths of 2 s- the stock issued shall be necessary te lsjlect any officer or member of u g, board of directors except such electi; IS as tLhe bylaws may prescribe to i d. vacancies.
 i'd And the officers until the annu C. election in January 1899, shall be r. follows, to-wit: President, E. N. w,
 son; -presidi5nt, J. B. Wilson; SC FEB retary, E. s. Russell; treasu CT, M.
 Russell.
 Article IX.-The stockholders alo
 shall have power to make bylaws al
 regulations for the management
 the affairs of this corporation, al
 tlhe sale and transfer of it's stock
 Article X.-These articles may