The news-herald., 1903-08-15
ARTICLES OF Incorporation
OF THE
Universal Cash Discount Company.

KNOW ALL MEN BY THESE PRESENTS,
That we, the undersigned, do hereby associate
ourselves together for the purpose Of forming
q corporation under the laws OF the Territory OF
Arizona and to that end do certify and declare {:
ARTICLE l.
The names of the incorporators are Frank T.
LoomiS, Harry w. Loomis ana VIM Ely Bram-
hall, all residents and citizens of st. Paul, Min
neSota; and that the name OF the corporation
shall be Universal Cash Discount Company,
ana that its principal place OF transacting busi-
ness in Arizona shall be at Phoenix, and its
principal place outside of Arizona for transact
ing business shall be in the city Of St Paul, in
the state OF Minnesota.
ARTICLE H.
The general nature of the business proposed
to be transacted by this corporation is the
making of contracts with merchants and others
by which they allow discounts under certain
conditions or circumstances on sales made by
them to persons designated by this corpora
ton, and the selling by this corporation OF the
right or privilege to secure the benefit of such
discounts and the cquiring, holding, owning,
selling and dealing in all kinds OF personal
ations, and the acquiring, holding, owning,
leasing, selling and dealing in lands, real
estate and hereditaments.
ARTICLE III.
The amount of capital stock of this corpora
ton shall be fifteen thousand C$15,000) dollars,
divided into one hundred and fifty 15o) shares
OF the par value of one hundred ($100) dollars
each, which stock shall be fully paid for when
issued, ana JnaJ SalQ StOCk may be palQ tor by
authority of its Board Of Directors in services
or property, and the capital stock so issued
shall thereupOn and thereby become and be
fully paid up and worcestershire, and in the
absence OF actual fraud in the transaction, the
Judgment of the Directors as to the value of
the services rendered or the property purchased
on account Of which the stock may be issued,
shall be conclusive.
ARTICLE ".
The time of the commencement Of this cor
NcIo,l Lo %In fE,+o oe+ II, g
record OF these Articles of Incorporation in the
office of the Auditor OF Arizona, and the termi-
nation thereof shall be twenty five (25) years
thereafter.
ARTICLE V.
The affairs OF this corporation shall be con-
Quoted by Board of three ~ Directors, and
the following named shall constitute the Board
of Directors until their successors are duly
elected and qualified, to-wit; Frank F. hqomis,
ST. Paul Minnesota. Thereafter the Board OF
Directors shall be elected annually from among
the Stockhr(ders at the annual meeting of the
the stockholders to be held on the first Monday
OF May of each and every year. and who shall
hold office until their successors are duly elected
and quality.
Ihe officers OF said corporal ton shall be a
President, Vice President, Secretary and Treas
urer, who shall be elected at the first meeting
of the Board Of Directors held after the annual
meeting of the stockholders, and shall hold
office until their successors are duly elected
and qualify. The officers of said corporation,
until their successors are elected and qualify,
shall be said Frank F. LOOmS, President; said
Harry w. LoomiS, Vice-President; said VIM. Ely
Bramhall, Secretary and Treasurer.
ARTICLE VI.
The highest amount of Indebtedness or liza
bility, direct or contingent to which this cor
poration shall at any time subject itself is the
sum of ten thousand ($l00(0) dollars.
ARTICLE VII.
The private property of stockholders OF this
corporation shall be forever exempt from its
corporate debts.
In witness whereof, we have hereunto set
our hands and seals this 23d day of May, A. D.
1903. FRANK f. LOOMS tSeal1
HARRY w. LOOMS, fSeaIi
VIM. ELY BRAMHALL. tSeuIl
State of Minnesota, GO
County of Ramsey. %
Before me, H. F. Chaplin, notary public for
the state OF Minnesota, residing in the county
OF Ramsey thereof personally appeared Frank
E. L0omis, Harry W. Loomis and VIM. Ely
Br0mhall, known to me to be the persons whose
names are subscribed to the foregoing instru-
ment and acknowledged to me that they and
each OF them executed the same for the pur-
pose and consideration therein expressed.
Given under my hand and seal of Office this
23d day OF May, A. d. 1868
[Seal H. T. CHAPLIN,
Notary Public, Ramsey County Minnesota
MY commission expires on the Sd day of Oc-
tober, 1909
Filed and recorded in conformity with law.