The copper era., 1908-07-16
ARTICLES OF INCORPORATION
OF THE
DUNCAN HARDWARE AND FURNI-
TURE COMPANY.

We. the undersigned have this day asso
ciated ourselves together for the purpose of
forming a corporation under the laws of the
Territory of Arizona TO engage in and carry on
the lawful business enterprises and pursuits
hereinafter named and we do hereby acknowl'
edge and subscribe. according to law these
Articles of Incorporation and certify and de-
clare;
l. The name of this corporation is Duncan
Hardware and Furniture Company" and its
principal place of business shall be at the
town of Duncan County of Graham, Territory
of Arizona. The corporate existence of this
corporation shall begin on the day of filing of
these Articles of Incorporation in the Office of
the County Recorder of Graham County, Ari-
IONA, and a certified copy thereof in the Office
of the Auditor of the Territory of Arizona, and
shall terminate twenty-five years thereafter.
2 The nature of the business to be trans
acted by this corporation is that of dealer in
merchandise and for this purpose it is author
lied to buy and sell hardware, furniture and
merchandise of all other kinds, to borrow aud
loan money, to buy. sell, own and lease real
estate in the Territory of Arizona and else
where and to do any and all things and trans
act any and all business appurtenant or aux
Hilary to any of the above purposes.
8. The amount of the capital stock of this
lars (sl4,OOO.OO) divided into one hundred and
forty shares of the par value of One Hundred
Dollars 100000 per share, to be sold and issued
to subscribers under direction of the Board of
Directors for such price as said Board may tx,
and when issued, shall be deemed fully paid
and non assessable.
L. The business of this corporation shall be
conducted by Board of not less than three nor
more than five Directors, who shall be stock
holders, and the following named persons shall
constitute the Board of Directors of this cor
poration until the first annual meeting of stock
holders to be held on the first Monday in Octo-
her, 1908, viz: Il. w Taylor W. j. Owen and
John R. Hampton.
Thereafter the Board of Directors shall be
elected annually by the stockholders at their
annual meeting to be held on the first Monday
in October of every year. Vacancies on the
Board of Directors shall be filled by the re
naming members who shall elect persons to
serve during the unexpired term. A majority
of the members of such Board shall cOnsti-
tu+e quorum and any regularly called meeting
at which a quorum is present shall be deemed
n legal meeting.
s. The officers of this corporation shall con
sist of President Vice President, Secretary
and Treasurer. Manager and such other officers
as the Board of Directors shall deem necessary
t. conduct the business of the corporation. All
officers shall he elected annually by the Board
of Directors and shall serve one year and until
their ,ccessors shall have been elected and
qualified. The following named persons shall
constitute the officers of this corporation until
the first annual meeting of the Directors which
shall be held on the first Monday in October,
1903. viz:
E. W. Taylor, President and Manager; L B.
Stephens, Weep President, and w. ]. Owens,
Secretary and Treasurer.
6. The highest amount of Indebtedness to
which this corporation may subject itself is
Eight Thousand Dollars (SS000.00). The stock
holders of this corporation aud their private
property shall be exempt from all liability OH
! account of the debts of this corporation.
| Z. The Board of Directors of this corporation
| shall have power to establish Bylaws and to
make all needfu rules and regulations for the
| management Of tue affairs of the corporation
aud the government of its officers not in con-
fict with the Constitution aud laws of the
| United States and the Territory of Arizona.
| In Witness Whereof, have hereuntO set
our hands and seals this LIST day of June, 1908.