Mohave County miner., 1911-07-22
Articles of Incorporation Commercial Club.

K NOW ALL MEN BY THESE IN present that we, the undersign- ed, V. Ligon and Curtis Llgon, both of Mohave County, Arizona, desiring to form a corporation under Chapter VIII of Title l3 of the Revised Statutes of Arizona, entitled Religious, Social and Benevolent Associations" do here by associate ourselves together as a body polite and corporate, and do hereby adopt, execute and acknow- ledge the following Articles for social purposes, to wit:
 ARTICLE 1.
 The name of this corporation shall be the COMMERCIAL CLUB and its principal office and place of business and site of this association and cor poration shall be in the town of King man. County of MOhave, Territory of Arizona.
 ARTICLE IL
 The general nature of the objects and purposes for which this associa- tion and corporation is formed is as follows:
 Social intercourse and interchange of views on social and business ques- tions; advance thought and acquire social and business information, the development of society and encourage ment of literary pursuits; establish library, reading rooms, assembly halls and club rooms for the convenience of members; encourage and promote any and all kinds of athletic contests; to buy and sell any materials necessary for such a club and the equipment of the same.
 To acquire by lease or purchase, real property and buildings for such purposes; to acquire by lease, purchase or otherwise from other corporations or persons such property, both real and personal, as may be deemed neces- sary and proper for the furtherance of the objects for which this corpora ton is formed, and for the use, com fort and convenience of the members of the corporation; to borrow money for the furtherance of said objects, and secure the same by note and mortgage; and to do any and all things that may be necessary, incidental and proper in carrying out the objects and purposes for which this corporation is formed, not inconsistent with the laws of the United States and the Territory of Arizona.
 ARTICLE III.
 The capital stock of thls corpora tion shall be the sum of Five Thou sand Dollars, divided into Five Hun dred shares of the par value of Ten Dollars per share, and which said stock when issued shall be forever fully paid and non assessable. Said stock may be issued at such times or times and in such amounts and upon such terms as the Board of Directors may determine, and the same may be exchanged from real or personal prop | erty or for benefits accruing to or for services rendered to the corporation, and in the absence of actual fraud the judgment of the Board of Directors as to the value of the property acquIr- ed, benefits accruing or servlces rem dered, shall be final.
 ARTICLE ". The time of the commencement Of this corporation shall be the day a 1 certified copy of these Articles of Incorporation are filed in the cffice of the Auditor of the Territory of Ari- zona, and the termination thereof twenty-five years thereafter, with privilege of renewal as provided by law.
 | ARTICLE V. The management and control of the business and affairs of this corpora tion shall be vested in a Board of not | less than two nor more than five Directors, who shall be elected at the annual meeting of the stockholders | and shall hold office for one year, or until their successors are elected and qualified. The annual meeting of the stockhold1rs shall be held on the third Wednesday in June of each year. Until the first annual meeting of the stockholders the following named per sons shall constitute the Board of | Directors, towit: V. Ligon, Curtis Ligon.
 The officers of the corporation shall be a President, Vice President, Secre- | tary and Treasurer, and last two nam- ed offices may be held by the same person. The officers shall be elected | by the Directors from among their own number at the first meeting Of the Board of D rectors following the an- nual meeting of the stockholders, and which meeting shall be held as soon as practicable after the adjournment of said annual meeting of the stockhold- CTS.
 Until their successors are elected and qualified the following named persons shall constitute the officers of the corporation, to-wit: l PreSldent............... .........N. LlGON. Secretary and Treasurer.................
 CURTIS LIGON. ARTICLE VI. | The Board of Directors shall have the power and authority to adopt such