Graham guardian., 1905-05-05
ARTICLES OF INCORPORATION
Of
0lney Hardware Company.
KNow ~ MEN RY rHEsE pREsENrs.

KNOW ALL MEN BY THESE PRESENTS;
That we. whose names are hereunto aihNedi
do hereby associate ourselves together for the
purpose of forming corporation under the
laws Of the Territory of Arizona, and 20 thRt
end make the following statemeat
The names Of the IncOrp0rators are: Geo. A.
Olney Nellie Olney, z. @ Prina, n I. Patterson
residents Of Stafford, Graham County, Arizona
Territory. and Chas, +, solomon, Of solomon
vile, Graham County, Arizona territory,
The name of the corporation shah he "olney
Hardware Company
The principal place Of business OF the corp0r-
alton, Is to be transacted at Stafford, Graham
county, Arizona, but other places may be
established by the board of directors At other
places within the Territory Of Arizona, or in
any other state or territory OF the United states
or the Republic OF Mexico.
The purpose for which this corporation Is
created, Is to carry on a general mercantile
business, TO buy and sell all kinds Of farming
implements and machinery 10 buy and sell
wagons huggies and all kinds Of vehicles 70
buy aud sell real estate and all kinds OF per-
sonal property 10 own real estate and TO sell
and mortgage the same aud 10 do any and all
things that are lawful la business
The authorized amount Of capital stock OF this
corporation shall be ceyenty'fiye Thousand
j,OoV) Dollars, divided into seven Thousand
Five Hundred l75O0) shares at the par value Of
Ten Dollars per share
AT such time as the Board Of Directors may.
by resolution, direct said capital stock shah be
paid into this corporation. either in cash or by
sale Of and transfer Of real estate or personal
property for the uses and purposes OF said cor.
poration in pay ment for which said shares Of
capital stock may be issued aud the capital stotk
SO issued shall thereupon and thereby become
fully paid up and worcestershire and in the
absence Of sctual fraud the Judgment Of the
directors as to the actual value OF the property
purchased shall be conclusive.
The time Of the commencement Of this cor
poration shall be the date OF hling the Arhcles
in the Office OF the Auditor Of the Territory Of
Arizona and the termination shall be Twenty
five years thereafter
The affairs OF this corporation shall be con-
Quoted by board Of ave directors The board
Of directors shall conduct the affairs Ia accord
Ance with the provision OF the bylaws, and the
following named shall constitute the board Of
directors until the first Monday in March, 1905
unless by reason 0fresignation. death or other
wise, then the remainipk members Of the board
OF directors shall ill the vacancy. Geo, A,
Olney, Nellie Olney. T. G. Prina r T. Patter.
son and Chas. + solomon; thereafter she board
of directors shall be elected irom among the
stock. holders on the first Monday OF March
of each and every year. at general megting OF
the stockholders OF this corporation.
The board Of directors herein named immedi-
ntoly aiter the adoption OF these Articles shall
meet and elect from among their numbers the
following officers, president a vice presi
dent a secretary aud treasurer and general
manager, who shall thereafter be elected by the
boards OF directors that may be chosen BY the
stock holders at their annual meetings
The highest amount oi indebtedness OF iabili-
ty. direct OF contingent to which this corpora
lion Is at any tune subject shall be thi=ty five
thousand is35090l dollars which does not eN-
coed tw0-thirds Of the amount OF the capital
stock
me private property OF the stock holders OF
this corporation shall be exempt rom the cor
porate debts Of any and all kinds whatever