Arizona republican., 1915-01-17

One Hundred Dollars tS100l a share
The entire stock is to be paid up
within ten years from the date of
filing hereof with the corporation
commission in property, cash or SCI
vices at their fair valuation.
ARTICLE V.
The names and places of residence
and post office addresses of the in
corporatorS are as follows.
George Ii. Proctor, Granite Springs,
Westchester, County, New York.
George II. Proctor, Jr., Granite
Springs, Westchestcr County, New
York.
ARTICLE VI
The time of the commencement Of
the corporation shall be the day theso
Articles are filed in accordance with
law. and the termination thereof
shall be twenty-five esd years there
after with privilege of renewal as
provided by statute.
ARTICLE VII.
The affairs of this corporal ion shall
be conducted by board of directors,
and the following named shall con-
stitute the board Of directors until
their successors are elected:
George Ii. Proctor. Granite Springs,
Ncstchester County. New York.
George H. Proctor, Jr., Granite
Springs, Westchestcr County. New
York
Thereafter tie board Of directors
shall be elected at the annual stock
holders meeting to be held on the
second Monday of January, of each
year. commencing with the year 1915
The number of directors to consti-
tute the board shall be fixed by tho
y-laWs.
ARTICLE VIII.
The directors have power to adopt
and amend bylaws for the govern
mcnt of the corporation, to fill vac
ancies occurring in the board from
any cause, and to appoint an EXecu-
tive Committee and vest said com
mittcc with all the powers granted
the directors by these Articles. \ di-
rector need not be a stakeholder.
ARTICLE TX
The highest amount of indebted
ness, direct or contingent, to which
tie corporation shall be subject a
any one time shall be Six Million
Dollars $4,000. 100000
ARTICLE X
The private property of The stock
Z hf,l1orc mud nffiparc nF tho
ton shall he exempt from all corpor-
ate debts OF any kind whatsoever
! ARTICLE NJ.
I In furtherance and not in limita
ton of the powers herein set forth
said corporation shall have the RICH
and power
(a) To manufacture. purchase o.
otherwise deal in, hold. own, manage
sell, pledge, transfer, or otherwise
dispose Of, goods, wares. merchandise
and property of any and every class
and description.
% To acquire the good will
rights and property of any person
! firm, association or corporation, ant
to pay for the same in cash, thu
stock Of this company, bonds o
otherwise. and to hold or in any man
ner dispose of the whole or any par
of the property so purchased.
! (c) To conduct in any lawful man
ner the whole or any part of the bu
siness so ACQUIRED, provided such bu
sness is within the authorization o
! the Business. Corporations Law, AM
! to exercise all the powers necessar.
or convenient in and about TIE con
Quoting and management of such bu
siness.
I'D To buy. sell, lease, hold o
| improve real estate, fixtures and per
sonal property SO far as the SAM
may he necessary or convenient o
advantageous in connection with tn
conducting of the general business o
! the corporation
! (e) To apply for, obtain, register
| purchase, lease or otherwise acquire
| and to hold, use, own, operate am
/ introduce. and TO SELL assign. o
otherwise dispose of any trademarks
tradenames. patents. inventions. i'm
! provements and processes based i
connection with or secured unde
letters patent of the United States
or elsewhere.
CD To use. develop. grant license
in respect of. or otherwise turn to &C
count any such trademarks, patents
processes and the like, or any sue
property or rights, provided alway
that the terms 'uSe" and operate
shall not be deemed to include an
business except such as is pcrmitte
by the Business Corporation law.
81 To purchase, acquire, hold an
dispose of the stocks, bonds, and SC
curities of any corporation, domesti
or foreign. including the stock an
bonds of this corporation and issu
in exchange therefor its stock, bond.
or other obligations, and, while own
err of any such stock, bonds or othe
securities to possess and exercise i
respect thereof, all the rights. power:
and privileges of individual owners O
holders thereof and to exercise an
and all voting power thereon.
(h) To guarantee the payment G