Arizona republican., 1901-03-14
ARTICLES OF INCORPORATION
 of tte UNITED GROCERY COMPANY.

Know all men by these presents, tha'
 we. the undersigned, Simon B | Hallagan. resiuent of Oneida county, state of New York. Ed. ward Kanaley and Genevieve Kanaley
 both residents of Westchester county state of New York, and Edwin H Va | Jade. resident of Hudson county, state of New Jersey. have associata ad our selves together for the purpose If form. ir.T corporation under the laws of the
 Territory of Arizona. anI do hereby
 certify:
 l. That the name of the corporation
 shall be the United Grocery Compa-
 n.y. and it's principal place of tranxact-
 ing it's business shall be at the city of
 Phoenix, county of Maricopa. Territory
 of Arizona, with branch offices in the
 city of New York, the county of New
 York and the state of New York
 II. That the general nature of the
 business proposed to be transacted by
 said corporation is ! general mercantile
 business and manufacturing various
 food products. with power to purchase
 and hold lands and sell the same when
 necessary: to purchase, sell and hold stocks and bonds, 10th in foreign and domestic corporations. and to purchase all necessary patents for conducting its business.
 IT. That the amount of capital stock shall be five hundred thousand dollars ts500000) and the number of shares into which Il is divided is fifty thousand t5O,0o0) of the par value of ten dollars s1o.O) per share each.
 ". All of said stock shall be fully paid and non-assessable
 V. One hundred thousand dollars Gl00,000) of said stock shall be first preferred and shall be entitled to six per cent G per cenD per annum accumulated earnings, to be first paid before the payment of any dividends on any other classes of stock, but shall not participate in any of the earnings of the said company over and above said six per cent G per cenO per annum. Said one hundred thous- and dollars (s1O0,000) of first pre- ferred stock shall also be preferred, in case of liquidation. as to its principal in full
 VI. Three hundred thousand dollars (s3OOO O0O) of said stock shall be second preferred stock and shall be entitled to two per cent e per cenO per annum accumulated earnings, to be paid next after the six per cent G per cenD hereinbefore provided to be paid on the first prefer red stock, and before any dividends are paid on the common stock. After two per cent @ per cenD has been paid on common stock, then said second pre- ferred stock shall share and share alike with said common stock, until both
 said second preferred and said common stock shall receive eight per cent (S per cenD dividends per annum, includ- ing said two per cent e per cenD. All earnings In excess of said eight per cent S per cenD shall be paid on the stock. In case of liquidation, said second preferred stock and the stock shall share and share alike as to the principal Said second preferred stock is non-assignable and non-transferrable, except that 1t may by consent of the board of directors be assigned and transferred.
 VII. There shall be one hundred thousand dollars Cs1GO. .O00) of common stock. Said common stock shall be en- titled to all the earnings of said corp | ration on and after the amount paid on first and second preferred stock as | hereinbefore mentioned. Neither the | first nor second preferred stock shall be | entitled to vote or have any control | over the management of said company, at any of its meetings, until there are | m arrears five, (5) years dividends on first preferred stock. Then, in case said | company is in arrears for five (5) years ,f accumulative dividends on first pre- erred stock. said first and second pre- erred stock shall vote with common stock, share and share alike, in the management of said company.
 VIII. The time of the commencement 'f said corporation shall be on the fif- eenth day of February 1901, and the ime of its termination shall be on the fifteenth day of February. 1925.
 TX. That the officers of said corpor- ltion to conduct it's affairs shall be a 'oard of five (5) directors, who shall 'e elected at the annual meeting of stockholders entitled to vote, on the rst Tuesday after the first Monday in ach year.
 x. That the highest amount of in ebtedress or liability to which the aid company is at any time to subject self is four hundred thousand dollars s4OG, ,000)
 XI. That the private property of