Arizona republican., 1902-03-03

1 place or places as It may from time to 1 time designate. The time of the com mencement of this corporation shall ha the 2d day of January. 1902 and the ! termina ton thereof shall he at the ex- piration of twenty-five years there after, unless the same be continued as provided for the continuation of such corporations.
 1 ARTICLE IF.
 l The general nature of the business proposed to be transacted by this cor poration is that of doing q general merchandise business. It shall have the right and authority to buy. sell and deal in all kinds Of personal property whatsoever: it shall also have the right to buy own. sell. and deal in real estate: i, shall also have the right to do q general warehouse and brokerage business. and for the purpose of carry ing on it's said business it shall he au- thorized to borrow money and contract tO pay the same at such time or times and at such rates of interest as it's Board of Directors may deem proper. And it shall have the right to hypothe- cate. mortgage or pledge all or any part of it's property which it HOW owns or may hereafter acquire. to secure the payment of any money or moneys bor- rowed or owed by it, as it's Board of Directors may deem advisable.
 ARTICLE ".
 The amount of the capital stock of this corporation shall be Fifty Thou sand Dollars. divided into five hundred shares of the par value of one hundred dollars per share, and the same shall be paid into the company on making subscription therefor. the amount so subscribed. either in cash CT in prop erty, and no stock shall be issued until the same shall have been fully paid either in money or in property. and the same when so issued shall be there after non-assessable.
 ARTICLE V
 The highest amount of indebtedness or liability to which this corporation shall at any time subject itself or be subjected is the sum of Thirty-five Thousand Dollars
 ARTICLE VI.
 The stockholders Of this corporation and their private property shall be ex- empt from the corporate debts of the corporation.
 ARTICLE VII.
 The affairs of this corporation shall be conducted by q Board of Directors consisting of three stockholders who shall be elected annually by the stock holders. on the 2d Monday in January of each year. Said Directors shall hold their office for the term uf one year. from the date of their election and un- til their successors shall be duly quail fled and elected. unless they shall in the meantime cease to be stockholders in the corporation. Any person teasing tn be a stOckholder in the corporation shall cease to be a Director or officer in the same.
 The following named persons who are subscribers to the capital stock of this corporation shall constitute the officers and Board of Directors thereof. until the 2d Monday in January, 1863, and until their successors shall have been duly elected or appointed and qualified. namely:
 Walter Hill. President and Director.
 Clarence F. Hamsher Secretary. Treasurer. and Director
 William VI. Hansher. Director.
 Vacancies in the Board of Directors shall be filled by the remaining mem bers of the Board. for the unexpired term for which such persons were elected. A majority of the Board of Directors of this corporation shall con stitute quorum. and any meeting of the Board uf Directors at which quo rum is present shall be deemed q legal and have the same powers as Q full Board whether notice of the meeting shall have been first given 10 the absent members Of the Board or not.
 ARTICLE VIII.
 The officers of this corporation shall be a President. Secretary and Treas urer. who shall be elected annually by the Beard CT Directors at thei, first annual meeting in each year, from among their number. The President shall be the Chief Executive Officer of the corporation and shall have the gen eral management of all it's affairs. sub ject to the approval of the Board of Directors. The offices of Secretary and ! Treasurer may be held by one and the same person All certificates of stock 1 contracts. deeds and conveyances shall be signed in the corporate name by the President. and be countersigned by the Secretary. and have affixed thereto the corporate seal.
 ARTICLE IN.
 The Board of Directors shall have power to appoint such agents to aid in the management Of us DuSlneSS and in conducting the affairs Of the corporation as they may from time to time deem advisable. and may vest in such agents such powers as they may deem expedient. The Board of Directors Of this corporation shall have power to establish bylaws. and make all rules and reguIati tions deemed expeti.ent for the management of the affairs of this corporation and the officers thereof. not inconsistent with the Constitution and Laws of the United States and Laws of Arizona
 ARTICLE x.
 These Articles of Incorporation may he amended at any regular meeting of the stockholders. or at any special meeting called for that purpose. by the affirmative vote of a majority of the stockholders, and such amendments when signed and acknowledged by the President and attested by the Secretary of the corporation, and recorded and published as original articles are re- quired to be published. shall have the same force and effect as the original articles.
 IN WITNESS WHEREOF. We have