Bisbee daily review., 1916-07-18


 al supplies and implements. cigars, cigarettes and tobaccos. all classes of sundries, and all other sorts and kinds of goods, wares, and merchan- disc, pertaining to and commonly sold or vended in or about drug stores; to manufacture, buy. and sell candies confectionery. soda water and any and all non-alcoholic beverages and drinks that may lawfully be manufactured. bought or sold: and to do any and all classes of business in any way connected with or appertaining to the drug business; (3) to buy. sell. rert. lease, mortgage, and control real property; (4) To acquire. hold. own, pledge and sell the stocks or shares of other corporations: (5) To issue. acquire. take hold. pledge. and sell promisory notes. drafts. bills of ex- change and obligations of every sort and character. provided that no obliga- tions of any character. shall be issued by this corporation in excess of the | liability of the company as herein set | forth and as provided by law; (6) To enter into contracts of all sorts, per taining to said drug business. to lend or borrow money and take or give security for the payment thereof: CD To do any and all things which a natural person might and could do in the matter of the transacting of the business of the corporation and in the promotion and management of it's interests.
 The amount of the capital stock of | this corporation shall be Ten Thou sand (S1000000) Dollars, which shall be divided into One Hundred 10O) shares of the par value of One Hundred | (S10000) Dollars per share; which | shares shall be and must be paid up at the date of the issuing thereof. and shall be forever non assessable: but such stock may be paid for in money. services. property. rights. easements. privileges or anything of value. and the judgment of the board of directors shall be forever conclu- sive. both as to actual value of the said stock and the consideration paid therefor. in the absence of fraud or any collusive agreement. ".
 The time for the commencement of this corporation shall be when these articles of incorporation shall be filed for record in the office of the Corpora ton Commission of the State of Arizona. at Phoenix. Arizona. a certi- ] fed copy thereof recorded in the of- fee of the County Recorder of Co., chise County. Arizona. at Tombstone. Arizona, in which county the pricinal place of business of the corporation is to he. and a certificate of incorpora- ton delivered to the corporation by the Corporation Commission of the State of Arizona.
 | The corporation shall terminate | twenty-five years from the said date. ! but it may be renewed from time to time. for periods not exceeding twen- ty-five years. upon the taking of the steps prescribed by law for such re- newal or renewals.
 | "
 | The affairs of this corporation shall be conducted by a board of three directors. but the number constituting the board of directors may be in- | increased Or diminished by the vote of the stockholders at any annual meeting or at any special meeting called for that purpose.
 The first board of directors shall be elected at the first annual meeting of the stockholders of the corporation. which shall be held at the principal place of business of the corporation, at Lowell. Cochise County. Arizona. on the first Monday in August. 1916. and the members of such board of | directors shall be elected annually thereafter at such annual meeting. to be held on the first Monday in August I of each year
 The officers of the corporation shall be President. Vice-President. Secre- tary and Treasurer. and the latter two offices may be held by the same person.
 All vacancies in office may be filled by the board of directors. and those elected thereto shall hold office until the next annual meeting.
 Those who shall serve as the board of directors until the first annual meeting shall be Phil F. Tovrea. Alexander Murrv. and Ross H. Gun ningham: and the other officers to hold and serve until that time shall be Phil E. Tovrea. President; Alex ander Murry. Vice-President. and Ross H. Cunningham. Secretary and Treas urer.
 VI
 The highest amount of indebtedness of liability, direct or contingent. to which this corporation shall at any time subject itself. shall. in no case. be more than Six Thousand, Six Hun dred sixty-six and 66-100 (S6666.6S) Dollars.
 VII.
 The private property of the stock holders of this corporation is hereby expressly made and declared exempt from all liability for the corporation debts.
 IN WITNESS WHEREOF. we have hereunto set our hands this 18th day of June. A. D.. 1916
 PHIL F. TOvREA ROSS IT. CUNNINGHAM
 ALEXANDER HURRY
 State of Arizona.