Arizona republican., 1914-08-22

to transact it's business in such other | place or places in said Territory I as the Board of Directors may here i after from time to time designate.
 ARTICLE IT.
 The general nature of the business 1 proposed to be transacted by this | corporation and in which it is to en- gage is that of doing a general hard ware and implement business, buying and selling all kinds of merchandise and real and personal property of every kind and character and descrip- tion; borrowing money and contract ing to pay the same at such time or times and at such rate of interest as it's Board of Directors may deem ad- visable. and to secure the payment of the same by mortgage, pledge, or otherwise, on any or all of the prop. erty of the corporation; and to trans act any and all kinds of business that may be transacted by a natural person
 ARTICLE III.
 The amount of the capital stock authorized by this corporation is llN 1uOuSdIu DOlluiS N3JU,UUUJ. IL shall be divided into five hundred (5OO) shares and the par value of each share shall be One Hundred Dollars ($100). The times when and ! the conditions upon which it shall | be paid are as follows: The whole l thereof within thirty (30) days. after the same has been subscribed for. provided that the Board of Directors of said Company may accept mer chantable hardware at such prices as they may deem proper in part or full payment for any subscription to the stock of this corporation.
 1 ARTICLE ".
 1 The time of the commencement of this corporation shall be the 18th day of March, 1907, and it shall endure for a period of twenty-five (25) years thereafter. And said corporation shall commence the transaction of the business for which it is incorporat ted as soon as ten per cent of the capital stock has been subscribed for. ARTICLE V.
 The affairs of this corporation shall be conducted by a Board of Directors consisting of three stockholders who shall be elected annually by the stock holders from among their number at lthe annual election thereof to be held in the office of the Company at Phoenix, Arizona, on the first Tues day in November in each year here after at the hour of j0 o'clock A. M. :; and until the first annual meeting of said stockholders, the following nam- ed persons who are subs ribers to the capital stock of this rporation shall constitute the Board of Direc- } tors, namely: J. B. Long, J. w. Long and M. West.
 . ARTICLE VT. The officers of this Corporation shalLrbe a President, Secretary and Treasurer, and such other officers as may be provided for by the by-laws The President shall be elected by the Board of Directors from among theil number annually immediately after the annual meeting of the stockhold- lers. The other officers shall be elect ed by the Board at such time ane place as they shall designate, but such other officers need not be mem
 bers of the Board of Directors.
 The Directors and officers of thi: corporation shall hold their respective offices for one year from the date o their election and until their success ors are elected and qualified unles: such director or officer shall cease tt
 be stockhOlder in the corpora tion and in any such case such director ol
 officer shall cease to be director
 or officer in the corporation iron [ the date he ceased to be a stockholdel
 therein; provided, that all officers
 who are appointed by the Board ma!
 be removed by them at their pleasure
 All vacancies in the Board of Direc | tors or officers of this corporation
 shall be filled for the remainer of thu term by the. remaining members O { the Board of Directors.
 ARTICLE VII.
 The Board of Directors of this cor ! poration shall have the power to es . tablish bylaws and make all rule . and regulations deemed advisable fo : the management of the affairs of thi . corporation and it's officers not in . consistent with law. The majority . such Directors shall constitute I quorum.
 = ARTICLE VIII.- - F. O The highest amount of indebtedness f or liability, direct or contingent. t : which this corporati ton is at any tim to be subject or subject itself i Thirty-two Thousand Dollars (S32, 2 000).
 |. ARTICLE TX. ! The stockholders of this corporation and their private property shall b | exempt from the corporate debts 0 l this corporation
 ]. IN WITNESS WHEREOF, we hay hereunto set our hands and seals thi
 18th day of March, 1907.
 J. B. LONG.
 J. w. LONG. Territory of Arizona, County 0 Maricopa, ss.
 Before me, W. J. Kingsbury, a No tary Public in and for the Count. ] of Maricopa, Territory of Arizona. O.