Bisbee daily review., 1903-01-30
ARTICLES OF INCoRPoRAI ION

OF THE BRAUN sE FkrGUsON CO.
 KNOW ALI. MEN BY. THESE PRES ENTS:-ThAr We the undersigned, John e. Braun, of Los Angeles, Cal, and Neil E.. Ferglsson. ot BIsDee, Ariz., have as sociate1 ourselves together tor the pur- pose of forming a private corporation for protit under the laws of the terri IoFy or Arizona, and to .-.at end we 70 hereby adopt sign and acknowIedge these articles of incorporation as toi- lows tO-pft:
 Article l-The names of the incorpora- tors are Joha Q. Braun and Nelt l. FeEgSspn-
 Article IT. The name of t.ds corpora- tion shall sse the Braun and Ferguson Company.
 ArtIc4s III The principal place of transacting the business or IAiS corpora tion shall De at BiSbee in Cochise coun- ty, Arizona. but its business may be earned oa i1 any portion Of the United States and In the Republic of Mexico, and U may have such branch othces as rs board Of directors may from time to time designate. and meetings of its board Of directors may be held at any
 Article M The general nature of the business proposed Lo be transacted by this eoTporatIoa Is a general mercantile business.
 corporation srla-l be Five Hundred Thou sand Dollars (S5UO, 0OoJ divided into Five One Hgnared Dollars (s10O) eacn; and said stock shall be further divided into TWO classes. 10 W1L- preIeTEHu anu CliL- moz; there shall be two thousand shares of preferred and three thousand shares of common; said preferred and common stock when issued shall have like young power, that is to say that each snare of common stock shall have equal voting power with each share of preferred; the preferred stock sfla-- be entitled to re- ceiYe a cumulative dividend or per cent Der annum on the par value thereof, payable serni-annually. before the com mon stock shall participate in the pronts
 Wagnr3 NNar 70 stock shall have received per cent in dividends. I- there shall be any pronts remaining they may be divided pro rata among the common stock the pfeLerrec st any time outstanding may be pur- chased ana retired by the corporation upon suca terms as may be agreed upon by the owners thereof and a majority 1 of the shares of the common stock.
 Article VI. The highest amount of indebted ness and liability, direct or con- tingent to which this corporation IS at anT time to be subject shall at no time exceed the sum of Two Hundred and 1 tIIty Thousand Dollars CsSo,OooJ.
 Article VII. All of the powers and ! priviliges granted and conferred by Chapter z Title All, Revised Statutes of Arizona. for 19Ol, are hereby claimed and accepted for this corporation. o, 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-fiye C5l years from the time when these articles of incorporation are hled for record in the office of the recorder of Cochise county, Arizona territory.
 article x. The affairs of this corpora tion shall be managed by board or directors consisting of five persons. and the names of those who shall act as such for the first year and until theif successors are elected and accepted are John O. Braun. Neil F. Ferguson, J. O. BigeloW N C. Campbell and F D. IanterTnan: and there shall be such otn- CT officers ana agents with such duties and powers as may be provided in the from time to time determine; by laws sha.l be adopted by the board of direc- Iors subject. however, to amendment and repeal by a majority vote of the stockholders; at all meetings of the stockholders each snare O. issued stock shall be entitled to vote, and written proxies may be given which shall en- owners of snares the same as though they were personally present.
 Article XII The stock of this corpora ton both preferred and common may, Tn the discretion of the board of directors, he issued as full paid and non-assessabie in payment for services and property, and the determination of the board or directors on the question of value or such services of property shall be final
 IN WITNESS WHEREOF We have hereunto set our hands and seals this a0th day of December. 1902.
 JOHN e. BRAUN, (Seal)
 NEIL F. FERGUSON, (Seal) State of California,
 County of Los Angeles, ss)
 Before me c. G. Johnson, notary pup