Arizona republican., 1902-03-12
ARTICLES OF INCORPORATION
 of the WATOSA COMPANY.


 selves together with the intention of forming d corporation under the laws O. tie Te"r.ty of .ii i2ona. H2T-e adopted and hereby do adopt the fol- lowing articles of incorpora tion:
 ARTICLE l.
 The name of the corporation shall bo The Watosa Company.
 The general nature of it's business shall be to buy and otherwise acquire, manufacture and sell patent. pro- prietary and other medicines of all kinds: also havoring extracts, ointments, salves. lniments, To- tions. spices and condiments: and to do anything that is convenient in connection herewith, properly in cident thereto, and necessarily con- ness of said corporation shall be Phoe- nix, county of Maricopa. Territory of Arizona. with branch office in the city of Winona. county of Winona and state Of Minnesota.
 ARTICLE II.
 This corporation shall commence on the first day of March. 1902. and shall continue for a period of twenty-five years.
 ARTICLE III.
 The amount of the capital stock of l i vided into 1.500 shares of the face value of S10.00 each. and shall be issued and paid for as ordered by the board of di- rectors; said board of directors may issue preferred stock in said corpora tion. but only on such terms and under such conditions as may be prescribed by the bylaws: and the highest amount of indebtedness and liability to which said corpora tion shall at any time be subject, including preferred stock, issued and outstanding, shall not exceed the sum of $10.000.00.
 ARTICLE ".
 The names and places 0; residence of the persons forming this corpora tion are as follows: Joseph Shackell, Er- nest H. Smith. T. s. Estabrook, George T. Simpson. Paul E. Baumgartner. Henry J. Willis. O. T. Caswell. James K. Simpson and Will Hayes Laird, all of the city of Winona, Minnesota. ARTICLE V.
 nected with the same and any part thereof: also, to borrow money and eX- ecute and deliver notes and mortgages to secure same. and to acquire, pur- chase, hold ard sell, and otherwise deal in real and personal property, includ ing the shares of stock of this or other like corporations: and generally to d. and perform any and all business and acts in which individuals may lawfully associate themselves to perform. The principal place of transacting the busi-
 The government Of this corporation and the management of it's affairs. shall be vested in board Of five directors, who shall be stock holders: said directors shall be elected at the annual meeting of the stockholders. which shall be hel on the first Monday in March of each year, at such hour and place as may !,e prescribed by the bylaws. and such di- rectors shall continue in office for one year. and until their successors shall have been elected and qualified. The meetings of the stockholders and of the board of directors may be held without the Territory of Arizona and at tli> said city of Winona. Minnesota. I'll. first board of directors shall consist oi Joseph Shackell. T. S. Est2brook. James K. Simpson, Henry J. Willis and O. T CasweI who shall hold their office un- til the annual meeting O; the stock holders in the year 1903. and until theii successors are elected and qualified The officers of said corporation shai . be a president, q Vice-presdent, a sec retary and a treasurer. and they shal | be annually elected by the directors al their first meeting after their own cleo tion. One person may be chosen te hold any two of the said offices at tho same time. except the offices of presi- dent and e-presi1ert. Unti theil successors are elected anl cuaiified Jo- seph Shackell shall ha president and treasurer, James k. Simpson shall b: 1 vice president and treasurer and T. s Estabrook shall be secretary. Any va cancy in the board of directors may be filled by the board at any regular oi . special meeting. Special meetings of the board may be held at any time anu place. and under such notice as may bt prescribed by the bylaws. All elec- tions must be by ballot, and every stOckhclder shall have the right to vote in person or by proxy. the number ol shares standing in his name upon the books of the company, for as many per sons as there are directors to be elect ed. or to cumulate said shares and giv5 one candidate as many votes as tho number of directors multiplied by the number of shares shall equal. or dis tribute them on the same principle. ol among as many candidates as he shal see fit.
 ARTICLE VI.
 The private proprty of the incorpor- ators and of the stockholders in sai1 corporation is exempt from the pay ment of the corpora te debts, and there , l shall be no individual liability tC stockholders and directors for theii acts as such.
 ARTICLE VII. The shares of stock of this corpora tion shall be forever -assessable. , In witness whereof. we have hereun- to set our hands this 18th day of Feb ruary. 1902.
 JOSEPH SHACKELL (seall
 ERNEST II. SMITH (seaN
 T. s. ESTABROOK (seaD
 GEORGE T. SIMPSON (seal)
 PAUL F. BAUMGARTNER (seaD HENRY J. WILLIS (seaD O. T. CASWELL (seaD ! JAMES k. SIMPSON (seaD
 WILL HAYES LAIRD (seaD State of Minnesota, county of Vino
 na. SS.
 Before me, Clara Schlosstein, a notary