Arizona republican., 1910-05-09
AR1IcLEs oE lNcoRPoRA1loh.

Under and by virtue of the provi- sions of Title VIII. Chapter ,. of the revised Statutes of the Territory of Arizona, and the laws amendatory thereto. I. the undersigned. together with such other persons as may here after join with me. do hereby adopt the following:
 ARTICLES OF INCORPORATION.
 Aarticie l. 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 Dcs Moines, Iowa; but other places of business may be established by, the Board of Direct Ors.
 Article. Hi. ..
 Commencement of Business.
 This corporation shall commence business as soon as its articles are filed in the office of the Auditor of the Ter ritory of Arizona and its corporate ex- istence shall terminate twenty-five (25) years thereafter.
 , Article w
 Powers and purposes Q This corporation shall have power to manufacture, 1buy. 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 h,I property. beth real and personal: to own and operate factories and stores: tc 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 H5,00e,OoO). divided into shares of the par value of One Hundred Dollars (s100) each
 Sec. 2. One. Million Dollars (s1,000.- 000) of stock shall be common and I Four Million Dollars (s4.000, ,0OO) shall be preferred.
 Sec. 2. Six per cent (6P5) cumulative dividends shall be paid annually on preferred stock out of the surplus or profits of the corporation before any shall be declared upon the common stock Preferred stock shall be non- voting and may be retired by the Board of after one year by giving 30 days notice and by paying par value ! plus accrued dividends s,- Sec. 1 Common stock shall not be ! sold or disposed of until the steckhold sr desiring to sell sbsil have first of cred the same to the remaining hold [ ITS of common stock as shown by the books of the corporation. And for 30 , lays said stockholders shall have an option to buy said stock in proportion 0 the amount already held by them Sec. 5. Stock shall be issued and 'aid for as decided upon by the Board if Directors, and it may be paid for in money. labor. property or any other hing of value. and the entire amount f the authorized capital stock need l lot be issued at the commencement of business. Sec. 6. Stock shall be transferable on he books of the corporation as pro- 'ided by the Board of Directors.
 Article VI
 Management.
 Section 1. The affairs of this cor 'oration shall be managed by Board f Directors composed of not less than hree nor more than eleven persons. the xact number to be fixed in the By .aws$ ,~
 Sec. 2. The Board of Directors shall e elected annually at the regular an ual stockholders meeting, and shall s