Graham guardian., 1901-07-05
Articles Of Incorporation
Of Layton Alfred and Company.

KNOW ALL MEN BY THEES PR2ENTS
| That,
We the undersigned, J G. Alfred, C. NJ. Lay
| ton, E, W. Layton. r. g, ayton, r. W, Fuller,
H c. Layton and e. A Alfred all residents OF
Thatcher, county of Graham, Territory of Ari-
| zona have this day associated ourselves togeth-
er for the purpose of forming corporation un-
der the laws of the Territory of Arizona ana in
accordance with said laws, do hereby adopt,
sign and acknowledge these presents as It's
Articles of Incorporation.
The name of this corporation shall
be LAYTON, ALFRED and COMPANY; its principal
place of business will be in the Town of
Thatcher, in Graham county, Territory OF Ari-
zona
ARrICLEI.
The names of the incorporators of this COM
pany are j &. Alfred, G. M. Layton, E. W.
Layton, R, G Layton, r. w. Fuller, H c.
Layton and E. A. Alfred, of Thatcher Arizona:
ARTICLE II.
The general nature of the business to be
transacted by said corporation and the object
for which it is formed is for the purpose of buy
ing and selling all kinds of merchandise, both
| at wholesale and retail; the carrying on of a
general mercantile business the buying and
selling of hay, grain, feed farming implements
of all descriptions, wagons, buggieS, and mer-
chapdise and merchantable commodities of
whatsoever kind and character Also the
conducting ofa general flour milling business
of grinding flour and making all other kinds
of mill products, of buying and selling all kinds
of grain flour, mill products and of conducting
any and all kinds of business pertaining TO a
general flour milling business. Also Contract
ing ofall kinds.
ARTICLE Ill
The amount of capital stock of said corporation
shall be One Hundred Thousand Dollars 600, =
00000) divided into two thousand (2t00) shares
of the par value of Fifty Dollars $780, each,
Fifty per cent sof which shall be paid up at
the commencement of this corporation and the
remainder upon the call of Board ofdirectOrs of
said corporation, not later than the first day
of January, A. ID. 1905.
ARTICLEIv )
The highest amount of Indebtedness or liabil-
ity to which this cor poration at any time can
become subjected or to which it shall subject
itself is the sum of Twenty-Five Thousand
Dollars S25.00000
ARTICLE "
The private property of the officers and stock
gg5rs 5oiarrs,.cr cr said corporation shall oe exempt
from corporate debts Thereof.
ARTICLE VI.
The corporate existence of this corpofsssSHI-
shall begin on the day of the filing of thes
articles with the county Recorder of Graham
, County, Arizona Territory, and the termina
! ton thereof shall be Fifty years thereafter
ARTICLE VII.
! The business of said corporation shall be'cor
Quoted by Board of five directors who shal
be stockholders in said corporation, and sha
| be elected annually by tne slOcRnOlQerS on IN
First Tuesday after the first Monday in Jun
of each year, at the principal place of busines
herein mentioned notice of the time and plac
Of holding said annual meeting anu eleenon eci1 NJ
poration. Said directors shall hold office fer
term of one year from the date OF their election
and untilstheir successors shall be elected an
qualified,
The following named persons, being subscril
ers to the capital stock of said corporation, an
4 whose names and places of residence are as fo
| I IL tnr
I II e. Layton and H. Z. Layton all resident
} l-of Thatcher Graham County Arizona Teri
tory shall constitute the Board of Director
of said corporation until the first Tuesday afte
the first Monday of June, 1902, and until thei
| successors are elected and qualified Vacancie
Y | in said Board shall be filled by the remanin
members thereof for the unexpired term fo
, which the member vacating was elected.
majority of such members shall constitute
quorum and any meeting OF such quorum
said Board of Directors shall be deemed a legt
meeting and have the same authority as a III
Board The officers of the corporation shall
President, Vice President, SecretSry an
Treasurer, and o General Manager chosen al
nually by said Board of Directors from amoni
their number, and such other officers frol
among the stockholders as said Board ma
deem necessary to carry on said business Th
Board of Directors shall have power to remoV
any officer at any time and TO fill all yaca ncle
| caused by removal or otherwise. The follow
| ing named persons shall constitute the Officer
of said corporation until the first annual NEE
n Layton Vice-President, H G Layton Seer
/ tary and Treasurer and G Alfred Gener,
l. Manager. unless sooner vacated by the provi
l. ions OF these articles of incorporation,
, ARTICLE VIII.
J. The Board of Directors of said corporatio
. | shall have power to establish bylaws and mai
l. all needful rules and regulations for the Iaal
h agement of the affairs Of said corporation NJ
F. inconsistent with the laws of the United STATE
6 and of this Territory.
:, ARTICLE TX
n These articles may be amended by majorit
vote of the stock, at any regular meeting or
h any special meeting duly called after notice, f
that purpose, and any amenoment when
adopted and signed and acknowledged by Il
President and Secretary of said cOrporatio
shall have the same force and effect as thoug
signed and acknowledged by all the stockhol
ers of said corporation.
- In witness whereof we have hereunto set OF
hands and seals this 25th day of June 1901,
[sEALsl J q ALFRED,
C. NJ LAYTON,
L w LAYTON,