Arizona republican., 1897-11-18
ARTICLES OF INCORPORATION
 of the PHOENTY CPOCEPY COMPANY

| and do hereby associate ourselves to- 1 gether for the purpose of fonming a i corporation under dlhe laws of Idhe Ter ritory of Arizona, and in pursuance of said purpose, do hereby make, adopt, sign, acknowledge and publish the i following Articles of Incorporation.
 Article I.-The names of the incor- 1 porators of this corporation are: D. l N Wilson, M. T. Russell, J. B. Wilson, B. S. Russell, D. B. Wilson, J. E.. Stovall and F. B. Wilson, of the City of Phoenix, Marieopa County, Arizona 1 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 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 be provided in the bylaws of this cor poratton, and at any time and place where al the members 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 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 ths 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 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 teEminaion thereof shall be tweG,,ttyy- five ysars thereafter, unless further extended according to | law
 Article IV.-The amount of capital stock of this corporation shall be 1 twenty thousand ($20,0O0.00) dollars, divided into two hundred sha es of tha paa. value Of uile thurhred (S19a.00) 1 dollars each; and tIhi5 same shall be paid in cash Or it's equivalent in valua when called and as determined by the !. beard of directors, and no share shall be issued until fully paid, and there l after shall be, nom -assessaIble.
 ,Articla 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- TOW 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 VI.-The stockholders of this corporation and their private property shall always be exempt from liability 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 Stock holders who shall be elected annually on the second Monday after the firsl day of January of each year, by g three-fourths vote of the stock issued provided, however, that the incor- porators hereof shall be and act as directors until the annual election t6 be held in January, 1899.
 Articla VIII.-The officers of thi: corporation shall be a president vice president, secretary and treasurer an6 -11oI, 0f1 r,f1 1,o for in the bylaws
 Such officers shall be elected by ths stockholders from the board of direct. ors at their annual meeting in Jan. uary, and shall not be removed by tht board of directors, but only by { three-fourths vote of the stock issu:d at a meeting regularly called for tht purpose of considering the question O removal.
 A majority of three-fourths of al the stock issued shall be necessary tt lslect any officer or member of tht board of directors except such election as t1he bylaws may prescribe to fl vacancies.
 And the officers until the annua election i'm January, 1899, shall be a. follows, to-wit: President, E. N. Will son; vice. president, J. E. Wilson; sec retary, E. IS. Russell; treasu CT, M. T Russell.
 Article IX.-The stockholders alone shall have pOwt5r to make bylaws ant regulations for the management O. ' trShe affairs of this corporation, ant tlhe sale and transfer of its stock.
 Article X.-These articles may bt amended at any annual meeting of tiht stockholders or amy spacial meeting called for that purpose by three fourths majority vote of the stock is sued; and when any amendment i. made, the same shall be signed by thu president and secrtatary in the corpo rate name, and acknowledged by them on behalf of the corporation, and whe1 so signed and acknowledged and filet apld recorded and published, as re quired by law, shall have the force an, k23