Arizona republican., 1911-08-16
ARTICLES OF INCORPORATION.

BE IT KNOWN. That we, the un- dersigned cOrpOratOrs, do hereby as sociate ourselves together and form corporation under Chapter II of Title XIII, Revised Statutes of Arizona, 1901, and acts amendatOry thereto, and adopt the following Articles of Incor- poration.
 Article I.-The name of the corpora ton is LOVETT DRUG CO.-the prin- cipal place of transacting business is Phoenix, Arizona. and, outside of Ari- zona, such place as the Board of Di rectOrs may designate. where meetings of Stockholders and Directors may be held.
 Article 1.-The general nature of the business proposed to be trans acted is to make contracts; to pur chase. lease. option, or otherwise ac- quire. own. exchange, sell. or otherwise dispose of. pledge, mortgage. hypOthe cate and deal in DRUGS and other property. both real and personal, and to deal in the products and by-prO- ducts thereof: to purchase. lease, or otherwise acquire, own, sell, and to do drug manufactur- ing and mercantile business; to own. handle and control letters patent and inventions; to purchase. hold cancel. and reissue shares of its own capital stock and to own shares of other cor poratiOns: to issue bonds, notes. de- bentures and other evidences of in debtedness and to secure the payment of the same by mortgage. deed of trust, or otherwise; to act as agent, trustee, broker, or in any other fi- duciary capacity. and to borrow and loan money: and in general to do and perform such acts and things and transact such business, not incon- sistant with law, in any part of the world as the board of directors may deem to the advantage of the cor pOration.
 Article III-The amount of the au- thorized Capital Stock of the Corpora ton is Fifteen Thousand (s15.000.00) Dollars. divided into One Hundred Fifty G5O) Shares of the par value of One Hundred (s100.00) Dollars each. which shall be paid in. at such time as the Board of Directors may desig- nate, in cash, real or personal prop erty, services. option to purchase, or any other valuable right or thing. for the uses and purposes of the corpora tiOn. and all shares of Capital Stock. when issued in exchange therefor. shall thereupOn and thereby become and be full-paid the same as though paid for in cash at par. and shall be non -assessable forever, and the Judg- ment of the Directors as to the value of any property right or thing ac- quired in exchange for Capital Stock shall be conclusive.
 Article IV-The time of the com mencement of the corporation shall be the day these Articles are filed in accordance with law. and the ter imitation thereof shall be Twenty five years thereafter. with privilege of re- newal and right of perpetual success sion as now provided by law. Article V-The affairs of the cor | poration shall be conducted by . | Board of Directors and officers to b. elected by the same, which said BoarC | shall consist of such number anc | persons as may be elected by anC | from among the Stockholders as pro vided by the Bylaws. Until the frs annual meeting of Stockholders anC | until their successors are elected anC | qualified, the following named per sons shall be the Directors and Of | ficers: Frank D. Lovett. G. \. Mac Bean, F. s. Westfall.
 Article VI-The Directors shal adopt Bylaws for the government of the corporation and fix the time therein for the annual meetings O stockholders They shall have powe to fill vacancies occurring in tn Board of Directors from any cause and to appoint an Executive Commit tee which, to the extent provided b, resolution or by the said Bylaws shall have and exercise the power granted the Directors by these Articles Article VII-The highest amount O indebtedness or liability to which tn corporation is at any time to subJec itself is Fifteen Thousand (s15,00O.0O Dollars.
 Article VIII-The private propert of the Stockholders of the corporation shall be forever exempt from corpo rate debts of any kind whatsoever.
 In Witness Whereof, We hereto af fix our signatures this 14th day c August, 1911.
 FRANK D. LOVETT
 G. N MACBEAN
 F. s. wESTFALL | Territory of Arizona