The Tucson citizen., 1902-10-23
ARTICLES OF INCORPORATION
of the
TROY LAUNDRY COMPANY.


forming a corporation under the laws
of the Territory of Arizona, and here
by adopt the following articles.
ARTICLE l.
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, operatings4
conducting and maintaining steam
laundry in the Territory of Arizona
and elsewhere as may 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 a steam laundry, with the
right and privilege of acquiring and
using any other power or process
which may become known and applica-
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 when owned by corporations,
may purchase the 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 ($1) each, and the Board of
Directors hereinafter named, and their
successors, shall have the power to
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, to
which said corporation is at any time
to subject tself shall not exceed in any,
case two-thirds (2-3) of the amount OF
the capital stock.
ARTICLE VII.
Board of Directors.
The business and affairs of said corr
poration shall be conducted by board
of three i3) directors, and Moses
Drachman, Harry A. Drachman and
Selim J. Nicholson are hereby consti-
tuted the Board of Directors of said
corporation until the first annual meet
ing, as provided by these articles, when
their successors shall, be chosen and
become duly qualified.
ARTICLE VIII.
The duration of this corporation
shall be twenty-five years from the
date of filing 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 a President, Vice President, Treas
urer and Secretary. The duties Of the
Treasurer and Secretary may, at the
option of the Board of Directors, be
vested in one and the same person.
ARTICLE XI,
The principal place OF business of
said corporation shall be at the City
of Tucson, in the County of Pima,
Territory of Arizona, but such corpor-
alton is authorized to establish places
of business or branch Offices at such
other cities and towns in said Terri
tory, or elsewhere, as may be deemed
desirable.
ARTICLE XII.
The annual meeting of the stock
holders shall be held on the first Tues
day in the month of March in each
year, at which meeting a board OF
three directors shall be elected from
among the stockholders. Said board
shall meet Immediately after it's cleo
tiOn and organize by the election from
it's members of President, Vice Pres
. ident, Secretary and Treasurer Such
officers shall also be the officers Of the
corporation.
. ARTICLE XIII.
, The Board Of Directors of said cor
. poration shall have power to mort
: gage, lease, sell or exchange it's real
and personal property, or any portion
thereof, from time to time, as may be
. deemed for the best interests of the
corporation. Said board shall als6
! have power to make and issue the
promissory notes of said corporation
bonds or other obligations, for the pur-
! poses of the business of said corpora
ton, and said board is authorized tc
make, execute and deliver such mort
cages or ot1sr instruments as may b'
+ necessary tn SECURE the uayment of the