Bisbee daily review., 1906-06-24

Notary Public. ARTICLES OF INCORPORATION
 --Of the
 NAoulN FURNITURE & MERcAN-
 TILE co.
 Know All Men by These Presents, That We, M. l.. Naquin and F. A. Sut- ter, citizens of the United States. do hereby voluntarily associate ourselves together for the purpose of forming a corporation under the laws of the Territory of Arizona, and We hereby certify, acknowledge and adopt the following articles of incorporation:
 Article I. The name of this cor poration shall be and is "NAQUIN FURNITURE & MERCANTILE CO"
 Article II. The principal place of business of this corporation shall be in the City of Bisbee, Cochise County, Territory of Arizona, and this corpor- ation may have and establish such other branch offices at such other places as the Board of Directors 0. said corporation may from time to time select.
 Article III. The general nature of the business and enterprise proposed to be transacted and carried on by this corporation shall be and is as lUIONS:
 To engage in and carry on gen eral furniture and merchandise busi- ness, with full power to buy and sell both at wholesale and retail furniture, stoves, hardware and merchandise of
 
 on a general warehouse and storage business: to acquire, own, sell and deal ir personal property of every nature and descriptions; to acquire by purchase or otherwise and to locate, own, lease, sell and dispose of lands and real estate of every nature and description; to sell the stock of this corporation and to purchase, own, ac- quire and deal in the same and in the stock of other corporations in every manner, and to sell. and ex- change the stock of this corporation for personal and real property and for different classes of business and the good will thereof: to sell, transfer, mortgage, pledge and otherwise con vey and dispose of any and all of the lands and otber property rights and privileges herein mentioned, both real and personal, and generally Ju s-, all business, acts and things incident to the things aforesaid and not contrary to the laws of the Territory of Ari- zopa.
 Article fV. The amount of the cap ital stock of this corporation shall be Fifteen Thousand s15, ,00O.00) Dollars, q f-+~ nrA Shares of the par value of One Hun dred (s100.00) Dollars each; tine time when and the condition upon which said capital stock shall be issued and paid for shall be as fixed by the Board of Directors, said capital stock to be issued only as fully paid and unRssessable. In the discretion of the Board of Directors. and in the ab- sence of actual fraud, said capital stock may be issued as fully paid in exchange for property, both real and personal. and for different classes and kinds of business and the good will thereof, conveyed or transferred to this corporation.
 Article V. The existence of this corporation shall LeSln fm.nediately after the recording of these articles of incorporation in the office of the County Recorder of said Cochise County, Arizona, and the filing of a certified copy thereof in the office of the Territorial Auditor of said Terri tcry, and shall continue for the period of twenty-five (25) years thereafter. Article VI. The affairs of this cor poration shall be conducted by a Board of Directors consisting of not less than three persons. who shall be share, holders of the stock of this corpora ton. ! 4ne first Directors of this corpora tion shall be NJ. L. Naquin, F. A. Sut- ter and F. W. Shelley, who shall hold office until the election and qualifica- tion of their successors at the firsL annual meeting of the stockholders. which annual meeting shall be held | each year on the First Tuesday in April at Two (2) o'clock P. M. at the office of said company in the said City of Bisbee.
 The Board of Directors shall have power to fill any vacancy in their number at any time
 The officers of this corporation shall be President, Vice-President, Secre- tary and Treasurer, and such other minor officers as the Board of Direc- tors may from time to time deem 1t expedient to have.
 More than one of said above men toned offices may be held by one and the same person.
 Article VII. The President, Vice President, Secretary and Treasurer, for the first term and until their sue cessors are elected and qualified, shall De elected by the aboye-named Board 1 of Directors from their numDsr at their first meeting after the legal or ganizatIon of thIs corporation, and thereafter such officers shall be elect ed annually by the Board of Directors from their own number at their first meeting following the annual election of such Board.
 Article VIII. The highest amount of indebtedness or liability to which this corporation is at any time to be sub ject, shall not exceed Ten Thousand |