Graham guardian., 1906-09-07
First publication Sept. 7
ARTICLES OF incorporation
Of the
Producers Milling Company

KNOW ALL MEN ny THESE PRESENTS:
That we the undersigned persons, and named
herein, have associated ourselves together tor
| the purpose of forming corporation, under
| the laws Of the territory of Arizona, and have
adopted the following as our Articles of IncOT-
| poTation, to-wit:
ARTICLEJ. The name of this corporation is
| the Producers Milling Company and the names
Swanger, o. F. Webster, J. d. Lee. William
Johns, d. H. Weech e. NJ Layton and H. L.
Norton, and the principal place of transacting
| its business is at the.tnwn of Thatcher, Graham
county, territory of Arizona,
ARTICLE II. The general nature of the bust
ness TO be transacted by this corporation, is the
acquiring by purchase. building or otherwise
OF mills and milling property, and the lands on
which they are situated and appurtenant there
to, in the territory of Arizona, or elsewhere
and the operation of the same by steam, elec
tricity, or other motive power in the manufact
uTe of flour and other mill-stutfs. on its own
account, or for Others for hire or toll, the deal
ing in all kinds of grain, or other farm products,
and in all kinds of real estate and personal
property including merchandise Of every class
ARTICLE III. The capital stock of this cor
poration, shall be twenty-five thousand (S25
0O000) dollars, divided into twenty-five thou
sand l25,00O00) shares of the par value of one
tSl.00l dollar per share. That not less than
nine thousand (S9 O00.00l dollars OF the said cap
ital stock shall be paid into the corporation,
Immediately upon it being fully authorized to
commence business, for which certificates of
stock shall be issued, and the remainder of the
capital stock to be paid into the company Mt
such times and on such conditions as shall be
determined by the board of directors
ARTICLE ". The corporation shall com.
mence its business Immediately upon the filing
of these articles for record in the Office of the
county recorder Of said Graham county, and
certified copy thereof in the office of the auditor
of the territory Of Arizona, and 1t shall endure
for twenty-five (25) years thereafter.
ARTICLE V. The affairs and business of this
corporation shall be conducted and controlled
by a board of directors composed OF seven IA
members, all of whom shall be stockholders.
Said board Of directors shall elect one of its
members as president and one of its members
as viCe-president, and also shall elect a secre-
tary and treasurer.
ARTICLE VI. The annual meeting for the
general business for this corporation shall be
held ON the first Monday In June of each and
ryery year, and NJ. F. Swanger, o. F. Webster,
J. d. Lee, William Johns, D. II. Weech, Z. NJ.
Layton and II. L. Norton, the cOrporatOrs here
of and stockholders herein shall constitute the
first board of directors, and until their success
sOrs are elected and qualified,
ARTICLE VIZ The highest amount of in
debtednesS or liability TO which this corpora
ton shall at any time subject itself, shall not
exceed two-thirds 70 Off its capital stock,
ARTICLE VII. The private property of the
stockholders shall be exempt from corporate
debts.
In witness whereof, we have hereunto set our