Bisbee daily review., 1903-02-05
ARTICLES OF ACCOMMODATION


 ARTICLES OF INCORPORALi ION OF THE BRAUN & FERGUSON co. KNOW ALL MEN BY THESE PRES- l ENTS:-That we the undersigned, John | .. Braun, of Los Angeles, Cal, and Neil | F. Ferguson. of Bisbee. Ariz., have as- sociated ourselves together for the pur- | pose of forming private corporation l for profit under the laws of the terri 1 tory of Arizona, and to ,lat end we | 70 hereby adopt sign and acknowledge these articles of incorporation as fol- | lows, tO-Wit:
 Article IErhe names of the incorpora- tors are John c. Braun and Neil F. ! Article II. The name of this corpora
 ton shall pe the Braun and Ferguson
 Article III. The principal place of transacting the business of ,niS corpora ton shall be at Bisbee in Cochise coun- l tv. Arizona Bul 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 10 | time designate, and meetings oi lts board of directors may be held at any Article ". 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 shaIl be Five Hundred Thou sand Dollars (S500,0oO divided into Five | Thousand shares. of the par value Of | One Hunored Dollars Sl0O eacn; and said stock shall be further divided into | two classes, to wit: preferred and con- mon: there shall be two thousand shares ! of preferred and three thousand shares l of common; said preferred and common stock when issued shall have Ike voting ] power, that is to say that each share i 6f common stock shali have equal voting power with each share of preferred; the | preferred stock sha.. be entitled 10 re- ceive a cumulative dividend or per | cent per annum on the par value thereof, payable semi-annually. before the com mon stock shall participate in the prontS ! of the corporation; after the preferred stock shall have received s per cent ln 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 De puT- chased anu retired by the corporation upon sucn terms as may be agreed upon 1 by the owners thereof and a majority 1 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 to be subject shall at no time i exceed the sum of Two Hundred and 1 klIty Thousand Dollars tS2Jo.OycD. | Article VII. All of the powers and Chapter 9. Title All, Revised Statutes of Arizona, for 1901. are hereby claimed l and accepted for this corporation. | Art.--e VIII. The private property Of | the members of this corporation shall be ] exempt from liability for the debts Vt l this corporation.
 | Article IN. This corporation shall com ] rnenCe and endure for the period Of tWeD- ! ty-fve (25D years from the time when ] these articles of incorporation are nled | for record in the office of the recorder 1 of Cochise county, Arizona territory. ] article x. The affairs Of this corpora ton shall be managed by a board or l directors consisting of nVe persons. ana ] the names of those who shall act -aS such for the first year and until theIF | successors are elected and accepted are l John c. Braun. Neil E. Ferguson, J. o. BigelOw N. C. Campbell and r. D. Ianterman; and there shall be such oth- 7 CT officers ana agents With such duties and powers as may be provided ll ine l by laws or as the board of directors may from time to time determine; by laws shau be adopted by the board Of cIfec- ! tors. subject, however, 10 arnenImrnJ and repeal by a majority vote of the stockholders, aI all meet-nSS or the stockholders eaCn snare O. issued stock shall be entitled to vote. and written proxies may be given which shall en- title the holders thereof 10 vote for the | owners of suaTes the same as though they were personally present. Article Xl The stock of this corpora ton 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 ot such services of property shall be nnaI and conclusive
 | IN WITNESS WHEREOF. We have
  2Jth day of December. 1902.
 JOHN c. BRAUN. (sealD NEIL F. FERGUSON, (SeaD State of California,
 County of Los Angeles, ss) Before me G. c. Johnson. 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 SSo- 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. 1872. c. G. JOHNSON, Notary Public.
 My commission expires the 18th 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 gay personally appeared
 Neil F. Ferguson, known to me to be the person whose name is subscribed to the foreging instrument. and ackHOw!- 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 2-nd day of De CembeT. A. D. i@J2.
 Nj. J. CUNNINGHAM. Notary Public. My coTnrnission expires the 4th day of January, 1904.
 Territory Of Arizona. )
 County of Cochise. ss.J
 ]. Frank Hare. recorder of Tochise county Arizona territory. do hereby cer- tify that the above and foregoing is [ true and correct copy of the articles of l incorporation of The Braun and Fergu- son Company. filed for record in my of | fee on the 22nd day of December, A D.. ' 1902 at o'clock ?. m, and recorded in | book 2, Interpretations. at pages 29S to [ 3gl inclusive. Tn witness whereof l have hereunto set my hand and official seal | this 22nd day of December. 1912. | FRANK HARE, Recorder of COchise County, Arizona.
 | Filed and recorded at request of J. c. | Braun, Dec. 22, 1902, at D. ID. in book l2, Interpretations, pages 2sS to S01 in elusive.