Arizona republican., 1905-11-11
ARTICLES OF INCORPORATION Of the Donofrio CrystaliZed Cactus Can-
 dy Company.

Of the DOnOfriO CryStaliZed Cactus Can
 dy Company.
 KNOW ALL MEN BY THESE PRES ENTS: That we, whose names are here together for the purpose of forming corporation under the laws of the terri tory of Arizona and adopt the following as articles of incorporation of such cor
 ARTICLE 1.
 The names of the incorporators are D. A. Donofrio and H. l.. Burrier, and the name of the corporation shall be 'Dono- frio Crystalized Cactus Canoy Compa- n.y. The principal place for the trans action of business shall be Phoenix, Maricopa county, Arizona, but the cor poration may have such branch offices, either within or outside of Arizona, as the business of the company may de- mand and as may be established 0y the board of directors.
 ARTICLE II.
 The objects and purposes for which the said corporation is formed are for the manufacture and sale of Donofrios Crys- talized Cactus Candy, the construction and all the machinery and appliances incidental and appurtenant thereto, but the said corporation shall have the right to enter into, make and carry out con- tracts of every description; to purchase or otherwise acquire and to own hold, sell or otherwise dispose of any and all kinds of real and personal property; to manufacture and sell any and all kinds of candies and cCnfectioneries; to borrow money ana tAtCult IOLeSs DOuuS, IlOIl- gages or deeds of trust to secure the same; to own shares of the capital stock of other corporations and while the hold CT thereof to exercise all the privileges in respect thereto as private individuals may enjoy, including the right to vote the said stock; and in furtherance and not in limitation of any of the above enumerated powers, the said corporation shall have the right to do any and all things necessary, Incidental. appurtenant or advantageous to the manufacture and sale of any and all classes of candy and confectOneries.
 ARTICLE III.
 The authorized amount of capital stock shall be fifty thousand dollars (S50,030C0), divided into five thousand (5,0O0) shares of the par value of ten dollars G10.0U each. The said capital stock shall be paid in as soon as may be after the in- corporation of this company in cash, ser vices real or personal property. patent rights. secret formulas or otherwise, as may be deemed most advantageous by the board Of directors, and any stock issued by direction of the board of direc- tors In exchange for cash, services, prop erty or otherwise shall be and become full-paid and nOn-asseSsable, and the judgment of the directors in all such cases shall be final and conclusive; pro- vided, however, that the capital stock of this corporation shall not be increased vote of at least four-fifths of the cap ital stock of the company at that time issued and outstanding.
 ARTICLE ".
 The time of the commencement of this corporation shall be the 5th day of Oc- tober, A. D. 1905, and the termination thereof shall be the 4th day of October,
 ARTICLE Y.
 The affairs of this corporation shall be conducted by a board Of directors con- sisting of at least three stockholders but not more than seven. the number to be specified by the bylaws of the compa- ny. The following named persons shall serve as the board of directors until the frst annual meeting of the stockholders which shall be held on the first Tuesday after the first Monday in March, com mencing with the year 1906: provided, however, that the said board may in crease their number to not exceeding five at any time prior to the time of the said annual stockholders meeting by the se- lection Of two other stockholders, viz: D. A. Donofrio (president and treasurer), W. H. Teasley (vice-presidenO, and H. l.. Burrier (secretaryl.
 And the board of directors shall have the right to adopt bylaws for the gov ernment of the company, its officers, di- rectors and affairs; to fill vacancies oc- curing in the board by death, resigna- ton or otherwise, and to appoint an eX- ecutive committee with such powers as they may confer
 ARTICLE VI. The highest amount of indebtedness or | liability to which this corporation may at any time subject itself shall not exceed ten thousand dollars (s1OOO0O)), except by the affirmative vote in regular or spe- cial meeting of at least two-thirds of the outstanding capital stock of the compa- ny, and in no event shall the indebt- edness exceed thirty thousand (s3O, ,OOOO O0) dollars
 ARTICLE VII. The private property of the stockhold- CTS of this corporation shall be and here | by is made forever exempt from corpor- ate debts of any kind whatsoever. IN WITNESS WHEREOF, We have | hereunto affixed our signatures and seals, this 9th day of October A. D. 1905 D. A. DONOFRIO. (SeaD H. L. BURNER. (SeaD | Territory of Arizona,
 1 County of Maricopa,-ss.
 Before me. William H. Teasley, a not ary public in and for the territory and county af4resaidi on this day personally 1 appeared D. A. Donofrio and 1T. L. Bur | rier, personally known to me to be the 1 same persons whose names are sub- | scribed to the foregoing instrument, and they acknowledged to me that they exe- | cUted the same for the purpose and con- | Sideration therein expressed.
 Given under my hand and seal of office, | this 5th day of October, A. D. 1905. 1 WILLIAM H. TEASLEY, ] (SeaD Notary Public. My commission expires December 16 | 1907.
 Filed according to law, Oct 5 19O5