Arizona republican., 1910-05-31
ARTICLES OF INCORPORATION.

| Under and by virtue of the provi- sions of Title XIII, Chapter of the Revised Statutes of the Territory of Arizona, and the laws amendatory thereto. we, the undersigned, together with such other persons as may here- after join with us, do hereby adopt the following:
 ARTICLES OF INCORPORATION Article I. Name The name of this corporation shall be the Farmers Supply Co, Coop erative)."
 Article II.
 Principal Place of Business.
 The principal place of business of this corporation shall be at Des Moines. Iowa. and it's principal place of busi ness within the Territory of Arizona shall be at Phoenix, Arizona, hut oth- CT places of business may be estab- lished by the Board of Directors.
 Article III
 Commencement of Business.
 This corporation shall commence business as soon as it's articles are filed in the office of the Auditor of the Ter ritory of Arizona and It's corporate ex- istence shall terminate twenty five (25) years thereafter.
 Article ".
 Powers and purposes.
 This corporation shall have power to manufacture, buy, sell Cat wholesale or retaiD, trade or deal in merchan- disc of every kind and nature, building materials. live stock, produce. fuel, and every other article of use or sale; to acquire. hold, lease and dispose of property. both real and personal; to own and operate factories and stores; to acquire, own. hold and dispose of the capital stock of other corporations: to make contracts and leases, execute mortgages and bonds, and to engage in any line of business or do any act or thing which may be hereafter decided upon by its Board of Directors; and this corporation shall be entitled to all the rights and powers which now are or may be hereafter bestowed upon corporations by law.
 Article V.
 Capital Stock.
 Section 1. The authorized capital stock of this corporation shall be Five Million Dollars (s5.OOO,OOO), divided into shares of the par value of One Hundred Dollars (s1OO) each.
 Sec. 2. One Million Dollars (S1,O0O,- 000) of stock shall be common and Four Million Dollars (s4.O00.O00) shall be preferred
 Sec. 3. Six per cent (6qo) cumulative dividends shall be paid annually on preferred stock out of the surplus or profits of the corporation before any dividends shall be declared upon the common stock
 Preferred stock shall be non-voting and may be retired by the Board of Directors after one year by giving 90 days notice and by paying par value plus accrued dividends.
 Sec. 4. Common stock shall not be sold or disposed of until the stockhold- CT desiring to sell shall have first of fered the same to the remaining hold CTS of common stock, as shown by the books of the corporation. And for 30 days said stockholders shall have an option to buy said stock in proportion to the amount already held by them. Sec. 5. Stock shall be issued and paid for as decided upon by the Board of Directors. and it may be paid for in money, labor, property or any other thing of value, and the entire amount of the authorized capital stock need not be issued at the commencement of business.
 Sec. 6. Stock shall be transferable on the books of the corporation as pro- vided by the Board Of Directors.
 Article VI.
 Management. Section l. The affairs Of this cor poration shall be managed by a Board of Directors composed of not less than three nor more than eleven persons, the exact number to be fixed in the By Laws. Sec. 2. The Board of Directors shall be elected annually at the regular an nual stockholders meeting, and shall hold office for one year and until their successors are elected and qualify. Un- il the first election the following shall | compose the Board of Directors: E. l.. | lanes, Geo. l.. Dobson, Ben J. Ness. | :. S. Northrop. Chairman. Daniel | O'Donald, c. B. Cassill and H. c. | Armstrong.
 Article VII.
 Officers
 The Board of Directors shall elect