Bisbee daily review., 1903-02-07
ARTICLES OF INcoRI'oRA4 ION

ENTS:-That we the undersigned. John e Braun, of Los Angeles, Cal, and Neil l; Ferguson, of Bispee, AriZ., have as- sociated ourselves together for the pur-
 pose of forming a private corporation for profit under the laws Of the terri 70 hereby adopt sign and acknowledge
 these articles of incorporation as fol- lows. to-wit: | tors are John Q.SBraun and Neil E.
 Article II. The name of this corpora
 ton shall De the Braun and Ferguson
 cG@Gehy aPtieie III The principal place of transacting the business of tnis corpora ty, Arizona bu, 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 its board of directors may from time to time designate, and meetings of its board of directors may be held at any such branch office. Article ". The general nature of the
 business proposed to be transacted by this corporation is a general mercantile business. Article V. me capital stock of this corporation shall be Five Hundred Thou sand Dollars CS5Do,0oo) divided into Five Thousand shares or the par value oi One Hundred Dollars ($loo) eacn; and said stock shall be further divided into two classes, to wit: preferred and com mon: there shall be two thousand shares
  | of common; said preferred and common , stock when issued shall have like voting ! power, that is 10 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- i ceive a cumulative dividend of 5 per ! cent per annum on the par value thereof, l payable senni-annually- before the com | mon stock shall participate in the profits | of the corporation; after the preferred stock shall have received per cent in 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 a 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 | exceed the sum of Two Hundred and l lfty Thousand Dollars (s250,0o0).
 Article VII. An of the powers and l Chapter 2, Title XII, Revised Statutes | of Arizona for 1901, are hereby claimed
 and accepted for this corporation
 the members of this corporation shall be exempt from liability for the debts Of ! this corporation
 rnence and endure for the period of twen- ty-five (25) years from the time when | these articles of incorporation are filed . 1 of Cochise county, Arizona territory. article x. The affairs of this corpora { tien shall be managed by board of | directors consisting of five persons, and l the names Of those who shall act -aS ! such for the first year and until then ] successors are elected and accepted are | Bigelow N. c. Campbell and ?. D. ] Lanterman; and there shall be such oth- i CT officers ana agents with such duties and powers as may be provided in the bv laws or as the board of directors may from time to time determine; by laws shan be adopted by the board of dIfec- ] and repeal by a majority vote of the | stockholders; al all meeungs of the 1 stockholders each snare O. issued stock shall be entitled to vote. and written proxies may be given which shall en- | title the holders thereof to vote for the l owners Of snares the same as though { they were personally present.
 Article Xl. The stock of this corpora ! tion both preferred and common may, in l the discretion of the board of directors, be issued as full paid and on-assessable | in payment for services and property. ! and the determination of the board of directors on the question Of value of such services O. property shall be final i IN WITNESS WHEREOF. We have | hereunto set our hands and seals this 10th day of December, 19G.
 { NEIL E. FERGUSON, (SeaD ! State of california.
 { County Of Los Angeles, SSJ
 ] Before me c. c. Johnson, Q notary pub | lie in and for saiG county and state on ' this day personally appeared I0hn Q 1. Braun. known 10 me 10 be the person ! whose name is subscribed to the fol Sgo- 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 ! fee this 9jth day of December. A. D. 1e12. z. c. JOHNSON. Notary Public.
 My commission expires the Sth day of ] Territory of Arizona
 ! County Of Cochise. ssj
 ] Before me. Nj J. Cunningham. q notary public in and for said county and terri tory on this cay personally appeared 1 Neil F. Ferguson, known 10 me to be | the person whose name is subscribed to the foreging instrument, and acknOwi- 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 2nd day of De
 NJ J. CUNNINGHAM. Notary Public
 l. My commission expires the 4th day of January, 1904.
 Territory of Arizona, )
 County of Cochise, ss)
 ! l. 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-
 flee on the Z2nd day of December, A. D.,
 1902 al o'clock D. m, and recorded in
 book 2, Interpretations, at pages 29S to S01 inclusive. In witness whereof l have
 hereunto set my hand and official seal this 22nd day of December. 1902.
 FRANK HARE, Recorder Of Cochise | County, Arizona
 Filed and recorded at request of J. Q. ! Braun, Dec. =. 1902, at ?. m. in book l2. IneorpSrations, pages 29s to 3u in-
 elusive.