Holbrook argus., 1903-05-02
CERTIFICATE OF AMEND
 MENT TO THE ARTICLES OF lNCORPORA-
 TION OF THE ARIZONA COOPERATIVE MERCANTILE INSTITUTION.

This is to certify, That the stockholders of the Arizona Cooperative Mercantile lnsti | tuition by ajority vote of said stUckhold- l CTS. at legally called special meeting of said stockholders and called for the purpose of amending the articles of incorporation of said company, held in the town of Holbrools. Navajo county Arizona territory, on the Ith day of April 1903. voted to aud ordered that the articles of incornQratl lon oi said company as filed in the office or the Secretary oi the Territory of Arizona on the 21th day of Octo- Der 1888 be amended as follows, to wit;
 That article 2ud of the said articles of in- corporation he amended by striking out all of said paragraph entirely and inserting in lieu of same the iollowing so that said para praph as amended and changed will read as follows, fD-M.t:
 2nd The said corporation proposes to con duet the bushes, of wholesale and retail dealers in merchandse, goods and wares of all kinds and dcScrintons; dealing in. hold ing and owning real estate, manufacturing and milling plants and machinery ot all kinds and dealing in. owning an holding the products of manufactures and mills ot all kinds. sheep. cattle horses and any an all kinds of live stock; also acting as commis- sion merchants. agents and brokers for in- diyiduals, firms and other corporations: borrowing and loaning money, giving and receiving notes and mortgages and in gener- al to do all things necessary for the propcr conduct of the business of this corporation in the Territory of Arizona, not inconsistent with the laws of tn" United States and the Territory of Arizona.
 That article 3rd of said articles of incor- poration be amended by striking out all of said paragraph and inserting in lieu thereof the following SO that the said article as amended shall read as follows to-wit:
 Srd. The capital stock of this corporation shall be One Hundred Thousand (sl0O,0OW Dollars, divided into One Hundred Thousand UOOOOO) shares. of the par value of One (SD Dollar per share, all of which shall be fully paid and non, assessa6le when issued - poration be amended by striking out all of said article and inserting, in lieu therof the following, so that the said article as amend ed shall read as follows. to-wt;
 lth. The affairs of this corporation shall be conducted by board of directors con- slstiug of Nine l9l stockholders of the corpor- aton, who shall be elected at d stockholders meeting to be held at o'clock D. m. on the fourth Tuesday in January. 1904, and annu ally thereafter on the same day and hour.
 The said board of directors shall elect from it's own members a president a vice -presi dent a secretary and treasurer, and which said board of directors and the officers so elected shall hold their offices for the term of one year or until their successors are elected and qualified.
 The board of directors shall appoint a sup erintendent, and such other officers and em ployees as may he necessary for the proper conduct of the business, and such appointees shall not be required to be stockholders of the corporation.
 prescribing the duties of the officers of the corporation, and make and adopt rules and regulations for the government and man agement of the corporation not inconsistent with the constitution and laws of the United States and the laws of the Territory of Ariz. ona and these articles of incorporation.
 The following stockholders shall consti- tute the officers and directors of the corpor- ation until the regular election to be held in January 1904, namely:
 Jesse N. smith, president. J. W. Freeman, vice-president, J. R. Huet. secretary and treasurer, J. H. Frisby J. A. Freeman, Jos. W. Smith, N. Miller, J. T. Lesueur and Jos B. Patterson.
 That article 9th of said articles of incor- poration be amended by striking out all of said article and inserting in lieu thereof, the following, so that said paragraph or article as amended add changed will read as follows. to-wit
 6th The highest amount of indebtedness or liability. direct or contingent which this corporation shall at any time subject itself shall be Sixty-Five Thousand fS65 000) Dollars
 In Witness Whereof we, the president and secretary respectively of said corporation have hereunto set our hands and seals and have hereunto affixed the seal of the said cor poratiOn this l7th day of April, A. D. 1903 [Seal President.
 JOHN R. HULET, [Seall
 Secretary.
 TERRITORY TdIIsIS % OF NaI. AaIR.IiznoNA,{ in ss.
 Before me, A. F. McAllister, a Notary Pub ! lie in and for the County ofNavajo territory aforesaid. on this day personally appeared Jesse N. Smith and J. R. Hulet known to me to be the dersons whose names are subscrib- ed to the foregoing instrument, as president and secretary, respectively, of the corDOra-