The Tucson citizen., 1902-10-25
ARTICLES OF INCORPORATION
of the
TROY LAUNDRY COMPANY.

The undersigned hereby associate
themselves together for the purpose of
of the Territory of Arizona, and here
by adopt the following articles.
ARTICLE I.
Names of Corporators.
The names of the corporators are
Moses Drachman, Harry A Drachman
and Selim J. Nicholson.
ARTICLE II.
Name of Corporation.
The name of the corporation shall be
THE TROY LAUNDRY COMPANY.
ARTICLE III.
General Nature of Business.
The general nature of the business
proposed to be transacted by said cor
poration Is the carrying on, operating,
conducting and maintaining steam
laundry in the Territory of Arizona
and elsewhere as nay be determined,
and the acquisition and ownership Of
property, real and personal for said
purposes, together with the acquisition
and ownership OF rights, privileges,
machinery and appliances Of any and
every nature applicable to said business,
and the sale of the same; the manu-
facture and sale Of machinery, appli-
ances and commodities of any nature
applicable to said business; the Gre
alton, organization, operation and
maintenance of branches of said busi-
ness in other places and cities within
the Territory of Arizona and else
where; and. also the maintenance and
conduct of an agency or agencies for
the sale and disposition Of commodities
and effects used in connection with.
manufactured for or applicable to the
business of steam laundry, with the
right and privilege of acquiring and
using any other power or process
which may become known and applicar
BILE to the purposes of said business.
ARTICLE w.
Said corporation shall have the
right to purchase, own, control, lease
and operate other laundries, whether
owned by corporations or by individ-
uals, and wheS owned by corporations,
may purchases @.he entire capital stock
of said corporations, or any portion
thereof.
ARTICLE v.
Capital Stock.
The canital stock of said company
shall be Twenty Thousand Dollars
($20,000), divided into Twenty Thou
sand 10000 shares of the par value OF
One Dollar (S1) each, and the Board OF
Directors hereinafter named, and their
successors, shall have the power tt
make all necessary bylaws and rules
in relation to the issuing and transfer
of said stock.
ARTICLE VI.
Indebtedness.
The higest amount of indebtedness
and liability, direct or contingent, te
which said corporation is at any time
to subject tself shall not exceed in any
case two-thirds (2-3) of the amount o.
the capital stock
ARTICLE VII.
Board of Directors.
The business and affairs of said cor.
poration shall be conducted by board
Of three (3) directors, and Moses
Drachman. Harry A. Drachman ant
Selim j. Nicholson are hereby consti-
tnted the Board of Directors of sale
corporation until the first annual meet.
ing, as provided by these articles, wher
their successors shall be chosen and
become duly qualified
ARTICLE VIII.
The duration of this corporation
shall be twenty-five years from tht
date of fling these articles.
ARTICLE TX.
The stockholders of said corporation
are hereby exempted from all liability
for the debts of said corporation.
ARTICLE X.
The officers OF the corporation shall
be President, Vice President, Treas,
urer and Secretary. The duties of tht
Treasurer and Secretary may, at tht
option Of the Board of Directors, bt
vested in one and the same person.
ARTICLE XI,
The principal place OF business o.
said corporation shall be at the City