Graham guardian., 1906-10-05
First publication Sept.
ARTICLES OF INCORPORATION
Producers Milling Company

KNOW ALL MEN ny THESE PRESENTS:
That we the undersigned persons, and named
herein, have associated ourselves together for
the purpose of forming corporation, under
the laws of the territory of Arizona and have
adopted the following as our articles of Incor.
poraton, to-wit
ARTICLE J. The name of this corporation is
the Producers Milling Company and the names
of the persons forming the same. are NJ. F.
Swauger, O. r. Webster ]. D. Lee. William
Johns d. II. Weech, G, NJ. Layton and II. Il.
Norton, and the principal place of transaeting
its business is at the.town 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
aud the operation OF the same by steam. cleo,
tricty, or other motive power IN the manufact.
uFe of -four and other mill-Stuhs, 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 H. The capital stock of this cor.
poraton, shall be twenty-five thousand (S25,-
6OOOO dollars divided into TWENTY-FIVE thou
sand ,25,O00.OO shares of the par value of one
(si .OO dollar per share. That not less than
nine thousand $50 OOO0Ol dollars of the said cap
ital stock shall be paid into the corporation,
Immediately upon 1t 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 at
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 a
certified copy thereof in the Office of the auditor
of the territory Of Arizona, and it shall endure
for twenty-five l25) years thereafter.
ARTICLE V. The affairs and business of this
corporation shall be conducted and controlled
by board of directors composed of seven "a
members, ali 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
election of directors, and the transaction of all
general business for this corporation shall be
held on the first Monday In June of each and
every year and NJ. f. Swanger. o, F. Webster,
J. d. Lee, William Johns, d. II. Weech, G. ".
Layton and H. 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 VII: The highest amount of in
debtednesS or liability to which this corpora
tion shall at any time subject itself, shall not
exceed two-thirds ~ fits capital stock.
ARTICLE VII. The private property of the
stockholders shall be exempt from corporate
debts.
In witness whereof we have hereunto set our
hands on tliis the 9th day of August, A. D.,