Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1915-01-16
Arizona Republicans Editorial Page

preferred stock of the par value of
One Hundred Dollars $1,000 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 ser
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 H. Proctor Granite Springs
Westchester, County, New York.
George H. Proctor, Jr., Granite
Springs, Westminster County, New
! DIRK.
ARTICLE VI.
The time of the commencement OF
the corporation shall be the day these
Articles are filed in accordance with
law, and the termination Thereof
shall be twenty-five (25) years there
after, with privilege of renewal as
provided by statute.
ARTICLE VII.
The affairs of this corporation shall
be conducted by a board of directors
and the following named shall con
stitute the board of directors unit
their successors are elected:
George H. Proctor, Granite Springs
Westminster County, New York
George II. Proctor, Jr., Granite
Springs, Westchester County, New
York.
Thereafter the board of directors
shall be elected at the annual stock
holders meeting to be held on the
second Monday of January, of eacf
year, commencing with the year 1915
The number of directors TO consti
tute the board shall be fixed by thu
y-laws.
ARTICLE VIII.
The directors have power to adOp
and amend bylaws for the govern
ment 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
mittee with all the powers granite,
the directors by these Articles. A di
rector need not be stakeholder.
ARTICLE TX
The highest amount of indebted
ness. direct or contingent, to whicl
the corporation shall be subject a
any one time shall be Six Miliol
Dollars CSC, 100000.
ARTICLE X
! The private property of the stock
holders and officers Of the corpora
ton shall be exempt from all corpor
ate debts of any kind whatsoever.
ARTICLE XI
I In furtherance and not in limita
! ton of the powers herein set fortf
said corporation shall have the RICH
and power
! (a) To manufacture, purchase c
otherwise deal in, hold, own, manage
sell, pledge, transfer, or otherwis
| dispose of, goods, wares, merchandis
and property of any and every elias
and description.
tb) To acquire the good viii
rights and property of any person
firm, association or corporation, an
to pay for the same in cash. tn
stock of this company, bonds {
ner dispose of the whole or any pal
of the property SO purchased.
(c) To conduct in any lawful mar
ner the whole or any part of the bu
siness so acquired, provided such bl
siness is within the authorization {
the Business Corporations Law, an
to exercise all the powers necessar
or convenient in and about the cor
Quoting and management of such bt
sness.
I'D To buy, sell, lease, hold ,
improve real estate, fixtures and pei
sonal property so far as the san
may be necessary or convenient
advantageous in connection with Il
| conducting of the general business
the corporation.
(e) To apply for. obtain, registe
purchase. lease or otherwise acquir
and to hold, use, own, operate al
) introduce, and to sell. assign,
otherwise dispose of any trademark
5 tradenames. patents, inventions, in
provements and processes based
( connection with or secured und
} letters patent of the United State
or elsewhere.
0)' To use. develop. grant licens
in respect of, or otherwise turn to a
; count any such trademarks, patent
| processes and the like, or any su,
property or rights, provided alwa
} that the terms use" and "operat
2 shall not be deemed to incluCe n
: business except such as is permitt
: by the Business Corporation law.
:, g To purchase, acquire, hold Al
:. dispose of the stocks, bonds, and S
e curities of any corporation, domest
2 or foreign, including the stock al
S bonds of this corporation and iss
= in exchange therefor it's stock, bono
or other obligations, and, while owl
er of any such stock, bonds or 9th
i securities to possess and exercise
4 respect thereof, all the rights, power
= and privileges of individual owners
S holders thereof, and to exercise al
f and all voting power thereon.
2 Oh To guarantee the payment