Arizona republican., 1897-11-16
ARTICLES OF INCORPORATION
 of the
PHOENIX GROCERY COMPANY.


 PHOENIX GROCERY COMPANY.
 Knom All Men By These Presents That we, E. N. Wilson, M. T. Russell, J. B. Wilson, E. s. Russell, D. E. Will son, J. D. 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 a corporation under the laws of lbhe 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.-Theg names of the incor- porators of this corporation are: D. N Wilson, NJ. T. Russell, J. E. Wilson, E. S. Russell, D. E. Wilson, J. E. Stovall and P E. Wilson, of the City of Phoenix, Maricopa County, Arizona Territory.
 The name of this corporation is a-d 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 proparty 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 he provided in the bylaws of this cor poratiOn, and at any time and place where all the membays of the board of directors may be present and deam 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 wiahin the Territory of Arizona as its board ct 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 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 twerstty five y;aars thereafter unless further extended according to 1 law
 1 Article IV.-The amount of capital stock of this corporation shall be l twenty thousand 0$20,000.0O dollars divided into two hundred shares ot tha par value oi one hundred ($191.00I dollars each and thia same shall be paid in cash or it's equivalent in valu= when called and as determined by the beard of directors, and no share shal be issued until fully paid, and there after shall ba nOn-assessable.
 ArtioHa V.-The highest amount o indebtedness or liability to which thi; 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 repay thu same with interest; but the property of the corporation shall never b, mortgaged or pledged without the di rect authority of the holders of |; majority of the issued stock of thi corporation.
 Article VI.-The stockholders of thi
  shall always be exempt from liabilit. for the corporate debts, and all stocl issued as fully paid shall be foreve -aSSesSable.
 Article VII.-The affairs of this cor poration shall be managed by boar of directors consisting of seven Stock holders who shall be elected anHuall on the second Monday after the frs l I-r ,f Tox .OG o.a,h 1,xy three-fourths vote of iIhe stock issued provided, however, that the inco1 porators hereof shall be and act a directors until the annual election | be held in January, 1899.
 Articla VIII.-The officers of &hi corporation shall be a president, vice president, secretary and treasurer an , such othiar officers as may be provide 7 for in the bylaws.
 Such officers shall be elected by tn f stockholders from the board of direc f ors at their annual meeting in Ja1 uary, and shall not be removed by th : board of directors, but only by threle-fourths vote of the stock issu:u at a meeting regularly called for tt F purpose of considering the question removal.
 A f the stock issued shall be necessary ,, Ejlect any officer Or member of tf , board of directors except such electic I, as fthe bylaws may prescribe to fl vacancies.
 And the officers until the annu
 election i'm January, 1899, shall be
 follows, to-wit: President, D. N Wi
 son; vice -presidEnt, J. E. Wilson, SC
 retary, E. s. Russell; treasu CT, M. Russell.
 Article IX.-The stockholders alol
 shall have powter to make bylaws al
 regulations for the management
 the affairs of this corporation, al
 the sale and transfer of it's stock.
 Article X.-These articles may
 amended at any annual meeting of tl
 stockholders or amy spacial meeti1
 called for that purpose by a thre
 fourths majority vote of the stock i
 sued; and when any amendment
 made, the same shall be signed by u
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