Graham guardian., 1901-07-12
Articles Of Incorporation
Of Layton Alfred and Company.

That.
We the undersigned, J. G. Alfred, G: NJ. Lay
| H C. Layton and K. A. Alfred, all residents o
| 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, an d il
accordance with said laws, do hereby adopt
| sign and acknowledge these presents as it
Articles of Incorporation.
The name of this corporation shall
| be LAYTON, ALFRED and COMPANY; its pr1nclpa
| 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. g. Alfred, c. NJ. Layton, E. W
| Layton, R, G. Layton, R. w. Fuller, II. c.
Layton and Z. A. Alfred, of Thatcher Arizona
ARTICLE IL.
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.
chandise and merchantable commodities OF
whatsoever kind and character. Also the
conducting ofa general -four 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 -four milling business. Also Contract
ing all kinds.
ARTICLE III.
The amount of capital stock of said corporation
shall be One Hundred Thousand Dollars tSlO0,
10000 divided into two thousand (2t00) shares
of the par value of Fifty Dollars (s50.) each,
Fifty per cent of 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 s
The highest amount of Indebtedness nr liabi-
ity to which this corporation at any time can
become subjected or to which it shall subject
itself is the sum of Twenty-Five Thousand
Dollars lS25,000.00
ARTICLE V.
The private property of the officers and stock
holders of said corporation shall De exempt
from corporate debts thereof.
ARTICLE VI
The corporate existence of rAis corporation
shall begin on the day of the fling of these
articles with the county Recorder of Graham
County, Arizona Territory, and the termina-
tion thereof shall be Fifty years thereafter.
ARTICLE VII.
The business of said cor poration shall be.con
Quoted by Board of five directors who shall
be stockholders in said corporation, and shall
be elected annually by the stockholders on the
First Tuesday after the first Monday in June
of each year, at the principal place of business
herein mentioned, notice of the time and place
of holding said annual meeting and election to
be given as provided by the bylaws Of said cor
poration. Said directors shall hold ofhce fC r
term of one year from the date of their election,
and nntilstheir successors shall be elected and
qualified,
The following named persons, being subscrib-
ers to the capital stock of said corporation, and
whose names and places of residence are as fol-
ows: &c. Alfred G. NJ Layton E. w. Layton,
Il q. Layton and II. q. Layton all residents
of Thatcher Graham County Arizona Terri
tory shall constitute the Board of Directors
OF said corporation until the first Tuesday after
the first Monday of June, 1902, and until their
successors are elected and qualified Vacancies
in said Board shall be filled by the rema ming
members thereof for the unexpired term for
which the member yacating was elected. A
majority of such members shall constitute
quorum and any meeting of such quorum of
said Board of Directors shall be deemed legal
meeting and have the same authority as a full
Board. The officers of the corporation shall be
a President, a Vice President Secretsry and
Treasurer, and a General Manager chosen an
nually by said Board of Directors from among
their number, and such other officers from
among the stockholders as said Board may
deem necessary to carry on said business The
Board of Directors shall have power to remove
any officer at any time and 10 fill all vacancies
caused by removal or otherwise. The follow
ing named persons shall constitute the officers
of said corporation until the first annual meet
ing i'll June 1872, Il. g. Layton President,
W Layton Nice-President, Layton Secre.
tary and Treasurer and & Alfred General
Manager. unless sooner vacated by the provis-
ions OF these articles of incorporation,
ARTICLE VIII.
The Board of Directors of said corporation
shall have power to establish bylaws and make
all needful rules and regulations for the nan
agement of the affairs OF said corporation not
inconsistent with the laws of the United states
and of this Territory.
ARTICLE IN
These articles may be amended by majority
vote of the stock, at any regular meeting or at
any special meeting duly called after notice, for
that purpose, and any amendment when SO
adopted and signed and acknowledged by the
President and Secretary OF said corporation
shall have the same iorce and effect as though
signed and acknowledged by all the stockhold-
ers of said corporation,
In witness whereof we have hereunto set our
hands and seals this 25th day of June 1901,
SEALS j ALFRED,
G NJ LAYTON,
w LAYTON,
r & LAYTON,
r w FULLER,
II LAYTON
ALFRED.