Arizona republican., 1902-03-10
ARTICLES OF INCORPORATION
 of the WATOSA COMPANY.

selves together with the intention of forming a corporation under the laws of the Territory of Arizona, have adopted and hereby do adopt the fol- lowing articles of incorpora tion:
 ARTICLE I. The name of the corporation shall be | The Watosa Company. The general nature of its business shall be to buy and otherwise acquire, | cture and sell patent, pro prietary and other medicines of all kinds; also favoring extracts, ointments, salves, liniments. 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 a branch office in the city of Winona county of Winona and state of Minnesota
 ARTICLE II.
 This corpora tion shall commence on the first day of March, 1902 and shall continue for period of twenty-five years.
 ARTICLE III.
 The amount ofFthe capital stock of
 
 vided into 300 shares of the face value of $1G.O0 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 ton, 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 id rornOratiO shall at apv time be subject. including preferred stock, issued and outstanding. shall not exceed the sum of 10.0OO.00.
 ARTICLE ".
 The names and places of residence of the persons forming this corporation are as follows: Joseph Shackell, Err 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 and sell, and otherwise deal in real and personal property, includ ing the shares of stock of this or other like corporations; and generally to do and perform any and all business and acts in which individuals may lawfully associate themselves to perform. The principal place of nsacting 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 held on the first Monday in March of each year. a such hour and place as may be | 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 the said city of Winona. Minnesota. The first board of directors shall consist of Joseph Shackell, T. s. Estab brook, James K. Simpson, Henry J. Willis and O. T. Caswell. who shall hold their office un- til the annual meeting of the stock | holders in the year 1903, and until their successors are elected and qualified. I l be president. vice-president- a sec retary and a treasurer, and they shal! be annually elected by the directors at their first meeting after their own elec- tion. One person may be chosen to hold any two of the said offices at the same time except the offices of presi- dent and vice-president. Until their successors are elected and qualified Jo- l D ha n | treasurer. James k. Simpson shall be 1 vice-president and treasurer and T. s | Esta brook shall be secretary. Any va cancy in the board of directors may be l filled by the board at any regular oi special meeting. Special meetings of the | board may be held at any time and place, and under such notice as may be prescribed by the bylaws. All eIec- tions must be by ballot, and every stOckholder shall have the right to vote | in person or by proxy, the number oi shares standing in his name upon the l books of the company, for as many per sons as there are directors to be elect ed, or to cumulate said shares and give one candidate as many votes as the | number of directors multiplied by the number of shares shall equal or dis 1 tribute them on the same principle, ol among as many candidates as he shall see fit.
 | ARTICLE VI.
 The private proprty of the incorpor- | ators and of the stockholders in said ! corpora ton is exempt from the pay ment of the corporate debts, and there shall be no individual liability to stockholders and directors for their l acts as such.
 ARTICLE VII.
 The shares of stock of this corpora | tion shall be forever non- -assessable.
 In witness whereof, we have hereun- 1 to set our hands this 18th day of Feb l ruary. 1902.
 | JOSEPH SHACKELL (seall | ERNEST H. SMITH (Seall
 T. s. ESTABROOK (seaD GEORGE T. SIMPSON (seaD PAUL E. BAUMGARTNER (seail HENRY J. WILLIS (seal)
 O. T. CASWELL (seal] JAMES K. SIMPSON (seaiJ
 WILL HAYES LAIRD (seal) Stat of MinnaSOt3 county of Vino.