Bisbee daily review., 1903-02-06
ARTICLEs OF INCoRroRAl loN

KNOW ALL MEN BY THESE PRES ENTS:-That we the undersigned. John =. Braun. of Los Angeles, Cal, and Neil l.. Ferguson, of Bisbee, Ariz., have as- sociated ourselves together for the pur- for profit under the laws of the terri tory of Arizona, and to ,.iat end we 70 hereby adopt sign and acknowledge these articles of incorporation as fol- lows, to-wit:
 Article I-The names of the incorpora- tors are John c. Braun and Neil E.
 Article II. The name of tAis corpora ton shall be the Braun and Ferguson Company.
 transacting the business of ,nis corpora ton shall be at Bisbee in Cochise coun- ty, Arizona. BuI its business may be carried on in any portion of the United States and in the Republic of Mexico, and it may have such branch offices as it's board of directors may from time to time designate, and meetings of its board of directors may be held at any
 Article IV The general nature of the business proposed to be transacted by this corporation is a general mercantile
 Article V. me capital stock of this corporation shall be Five Hundred Thou Thousand shares of the par value of one Hundred Dollars (sl0o) eacn; and sfid stock shall be further divided into two classes, to wit; preferred and com
 
 of preferred and three thousand shares of common; said preferred and common stock when issued shall have like voting power, that is to say that each share of common stock shall have equal voting power with each share of preferred; the preferred stock sha.. be entitled to re- ceiVe a cumulative dividend of s per cent per annum on the par value thereof payable semi-annually. before the com mon stock shall participate in the profits of the corporation; after the preferred CTn a < dividends, l. there shall be any profits remaining they may be divided pro rata among the common stock; the preferred at any time outstanding may be pur- chased anu retired by the corporation upon sucn terms as may be agreed upon by the owners thereof and majority of the shares of the common stock.
 Article VI. The highest amount of indebtedness and liability, direct or con tingent, to which this corporation is at any time 10 be subject shall at no time exceed the sum of Two Hundred and tIfty Thousand Dollars (s250.O00).
 Article VII. All of the powers, and Chapter 2, Title All. Revised Statutes of Arizona, for 1901, are hereby claimed and accepted for this corporation. th I Ternner of tbis coTp6ratipn pg1Sas sbaI be be exempt from liability for the debts of this corporation.
 Article TX. This corporation shall com mence and endure for the period of twen- ty-five (25) years from the time when these articles Of incorporation are filed for record in the office of the recorder of Cochise county, Arizona territory.
 article x. The affairs of this corpora ton shall be managed by board of directors consisting of five persons, and the names of those who shall act as such for the first year and until then successors are elected and accepted are John c. Braun. Neil E. Ferguson, J. Q. Bigelow, N. c. Campbell and F. D. Lanterrnan; and there shall be such oth- CT officers and agents with such duties and powers as may be provided in the by laws or as the board of directors may shan be adopted by the board of dIIec- tors, subject, however, 10 amendment and repeal by majority vote of the stockholders; at all mee,Ings of the stockholders eacn snare O. issued stock shall be entitled 10 vote, and written proxies may be given which shall en- title the holders thereof to vote for the owners of shares the same as though they were personally present
 Article XI. The stock of this corpora tion both preferred and common may, in the discretion of the board of directors, be issued as full paid and non -assessable in payment for services and property. and the determination of the board of directors on the question of value of such services of property shall be final and conclusive.
 IN WITNESS WHEREOF, We have 2Oth day of December, 1909. JOHN c. BRAUN. Cseal) NEIL 2. FERGUSON. tSeaD State of California,
 County of Los Angeles. ss) Before me G. G. Johnson, a notary pub lie in and for said county and state on this day personally appeared John Q. Braun, known to me to be the person whose name is subscribed to the foI rgo- ing instrument and acknowledged to me that he executed the same for the pur- pose and consideration therein expressed. Given under my hand and seal of of flee this 20th day of December. A. D. 19-2.
 
 My commission expires the 29th day of March, 1905.
 Territory of Arizona
 County of Cochise, ss.)
 . Before me, Nj. J. Cunningham, a notary public in and for said county and terri tory on this cay personally appeared Neil E. Ferguson, known to me to be the person whose name is subscribed to the foreging instrument, and acknowl edged To me that he executed the same for the purpose and consideration there in expressed. Given under my hand and seal of office this znd day of De cember. 4. D- 192.
 Nj. J. CUNNINGHAM. Notary Public. My commission expires the ith day of ! January. 1S04.
 Territory of Arizona.
 County of Cochise. ss)
 ], Frank Hare. recorder Of COChise county Arizona territory. do hereby cer- tify that the above and foregoing is true and correct copy of the articles of incorporation of The Braun and Fergu- son Company, filed for record iI my of flee OF the 22nd day of December. A. b. lS2 at 8 o'clock D. m, and recorded in ! book 2. Interpretations. at pages 29S to 301 inclusive. In witness whereof I have hereuntO set my hand and official seal this 22nd day of December. 1902. PRANK HARE. Recorder of Cochise County, Arizona.
 Filed and recorded at request of J. Q. Braun, Dec. 22. 1902, at ?. m. in book 2, Interpretations, pages 2SS 10 Sgl in fclusive-