Arizona republican., 1910-05-28
ARTICLES OF INCORPORATION.

Ah UT bioNs
 Under and by virtue of the provi- sions of Title XII, 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 l.
 Name.
 The name of this corporation shall be the Farmers Supply Co, Coop crative)."
 Article IT,
 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 sha4f be at Phoenix, Arizona, hut oth- CT places of business may be estab- lished by the Board of Directors. F 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 rtory of Arizona and it's corporate ex- istence shall terminate twenty five (2j) years thereafter.
 Article ".
 Powers and purposes.
 This corporation shall have power to manufacture. buy, sell Cat wholesale or retaiD. trade or deal in merchant 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 pf 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 10 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 o''Nh VI tiiiS ''t l'pi htA'ii pt iN' Million Dollars Cs5.0OO.OOo). divided into shares of the par value of One Hundred Dollars ts100) each.
 Sec. ?. one Million Dollars 41.00O.- 00W of stock shall be common and Four Million Dollars s4.000,0 shall be preferred.
 Sec. 2. Six per cent (6co) 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 go days notice and by paying par value plus accrued dividends.
 Sec. 1. Common stock shall not he 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 90 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 he 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. G Stock shall be transferable on the books of the corporation as pro- vdcd by the Board of Directors.
 Article VI
 Management.
 Section l. The affairs Of this cor poration shall be managed by 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- npal stockholders meeting. and shall hold office for one year and until their successors are elected and qualify. Un- til the first election the following shall compose the Board of Directors: l.. l.. James, Geo. l.. Dobson, Ben J. Ness, C. s. Northrop. Chairman, Daniel -QDonald, C. B. Cassill and H. C. Armstrong.
 Article VII.
 officers
 The Board of Directors shall elect a president, vice-president. secretary. treasurer and general manager. one person may hold one or more office. Until the first election the following shall serve as officers: President, F.. L. James: Vice President. Dan. O'Don- aid; Secretary, C. B. Cassill: Treas urer. Geo4,.L. Dobson; General Man ager, C. S.rNorthrop.
 Article VIII.
 Meetings.
 Section l. The regular annual meet ing of the stockholders of the corpora ton shall be held on the secoad We'd nesdsy of January in each year at Des Moines. Iowa, for the purpose of elect ing a Board of Directors for the en- suing year. and for the transaction of such other business as may regularly come before such meeting. The first annual meeting shall be held in Des Moines. Iowa, in January, 1911.
 Sec. 2. Special meetings of stock holders shall be called by the secretary at the request of a majority of the Board of Directors, or upon the writ ten petition of holders of majority of the common stock outstanding. but at least ten days notice in writing of such meeting shall be given by the