Arizona republican., 1902-03-08

time designat" The time Of the com re-cerceat of this corporation shall be the 2d day of January, lg02. ana tho .ern?ination thereof snail ha at tr- c.- piratiol of twe.ty-1ive years th-ra- after. unless the same be continued a.: provided for the continuation of suo n corporations.
 ARTICLE III.
 The general nature Of the business proposed to b. transacted by this cor parut:oa is that of duings q general merchandise business. r shall have the right and authority to bu-. sell ana i@al in all kinds of personal property n tsceNor: it shaii also have tha lignt 10 buy. own. sell, and deal in real -ztate: f- shaH also have the right to lo 3 genera! varehoiIse and hru<e.a:;" business. and fer the purpose of carry irg on it's said business t snail be at- thori;:ed 70 borrow money ana contract 70 pay thc same at such time CT tin, and at s5,a r,tes or interest as its Board Of Directors may deem proper And ii shall have tie right To hy9othe- cate. mortgage or pledge all CT any part of its property which it now owns or may hereafter acquire. to secure the payment of any lron=y O. moneys bpr- rowed or owed by it. as it's Board Of Directors may deem ad.lSan.e.
 ARTICLE Il-.
 The amount cl the capital stock of this corporation shall be Fifty Thou sand Dollars. divided into five hundred shares of the par value of one hundred Golfers per share, and the salae snail be paid into the company on making subscription therefor. the amount SC subscribed. either in cash or in prop erty. and no stock shall he 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 ncr-asseSsdbl-
 AETIELE Y.
 The highest amount Of Indebtedness ov liability to which this corpora tion shall at any time subject itself or be subjected iS the sum of Thirty five Thousan1 Dollars.
 ARTICLE VI.
 The stockholders Of this corporation and their private property shall be ex- empt from the corporate debts of the cooperation.
 ARTICLE VII
 The affairs of this corporation shall te conducted by Board of Directors consisting Of three stockholders who shall be elected annually by the stock holders. on the d Monday in janua,:- of each year. Said Directors shall hold their office for the term uf one year. from the date oG their election and Un- ii their successors shall be duly ouaii- fed and elected. unless they shall in the meantime cease to he stockholders in the corporation. Any person co3sinr to be q stockholdcr in the corporation shall cease to be 9 Director cr officer in the same.
 Tha following named persons wlIo are EI. Slibefs to the capital etcc'l of this corporation snail coast.tu5, the officers end Board of Directors thereof. until the 2d Monday in January. 1909, and until thei' successors shall have ben duly elected or appointed 2ad qualified. namely:
 Waiter Till. President an! Director. Clarence F. HamsEar Secretary. Treasurer. and Drector
 William NJ Eamsher Director.
 Vacancies in the f:oard of Directors shall Le filled b. the remaining mem bars of the Board. f1. ,h- unaXpiceI term for which such persons were elected. \ j0-ity of the Board of Direo tors of this .oIi c!-.:io1 shall con stitute a quorum, and any meeting of the Board uf Directors at which d quo rum is present shall he deemed a legal m-e,ing ana have tho same powers as q full Board WLetner notice of the meeting shall have been first given Jy the ahsert members of the Board or not.
 ARTICLE VIII.
 Tie officers cf this corporation shall be a 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 numaer. The President shall be the ChiGf Executive Officer of the corporation and small have the gen eTal management of all its affairs. sub iect tD the approval of the Board Of Directors. The offices ct Secretary and Treasurer may be held by one and the same person. All certircptas of stock. contracts. deeds and conveyances shall be signed in tho corporate name by the President. and be ccuntcrsigned 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 ana III COHductlnG the aHdlrS of the corporation as they ma,- from time to time deem advisable and may vest in such agents such powers IS they may deem expedient. The Board of Directors ot tnis corporation shall have power to establish by-iaWs. and make all rules and regulations deemed eXpedient 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 b. amended .t any regular meeting or th" stockholders. or at any special lnceting called for that purpose. by ;he affirmative vote of 3 majority of th" stockholders. and such amendments when signed and acknowledged by tAc President and attosted by the Secrctary of the corpora ;ion. and recorded alI published as o.;Eina! articles are re- guircd to be published. shall have the same force and effect as the original articles.