Arizona republican., 1902-03-06

| time designate. Thc time of the cuin- mcnccmcnt Of this corporation shau hr | the "d day of January. l90. and nn. 1 termination thereof siE'Il hr :ij thr cv- 1 pilation of twenty-five YcHrs there after. unless the same he continued as | provided for the continuation of srch corporations.
 ARTICLE III. The general nature Of the business proposed to be transacted by this cor 1 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: it shall also have the right to do q general warehouse and brokerage busine%s. and for the purpose of carry inG on it's said business il shall be aiI- i thuTizcd to borrow money and contract to pay the same at such time or times and aI such rates of interest," aS it's l;carh Of Directors may deem proper. And il shall have th" right to hypothc- cate. mortgage or pledge all or any part of it's property which it now owns or may hereafter acquire. to secure the payment of any money or moneys bor- lONeu or owed BY II. as us i5OslrN Ot Directors may deem advisable. ARTICLE IN.
 Tine amount 0: 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 he paid into the company on making subscription therefor the amount so subscribed. either in cash or in prop crty, 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 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 tine term of one year. from the Gate of their election and un- til their successors shall be duly quail fed and elected. unless they shall in the meantime cease to be stockholders in the corporation. Any person ccasing to be q stockholJser in the corpcratio shall cease to be a Director or officer in the same.
 The following named persons who are subscribers to the capital stock of this corpora ton shall constitute the officers and Board Of Directors thereof until the d Monday in January. 1909. 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 NJ. Hamsher. 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 q quorum, and any meeting of the Board of Directors 1t which q quo rum is present shall be deemed q legal meeting and have the same powers as q full Board whether notice of the meeting shall have been first given to the absent members of the Board or not.
 ARTICLE VIII
 The officers of this corporation shall be q President, Secretary and Treas urer. who shall be elected annually by the Board Of Directors at their first annual meeting in each year, from among their number. The President shall he the Chief Executive Officer of the corporation and shall have the gen er2l mana cement 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. contracts. deeds and conveyances shall be signed in the corporate name by the President. and be counterSigHed 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 it's business and in conducting the affairs of the corporation as they may from time to time deem adVisa ble. and may vest in such agents such powers as they may deem expedient. The Board Of Directors of this corporation shall have power to esra blish bylaws, and make all rules and regulations deemed eXpedient for the mana cement 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 be amended at any regular meeting of the stockholders, or at any special meeting called for that purpose. by the affirmative vote of q 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.
 l IN WITNESS WHEREOF. we have