The Holbrook news., 1919-08-15
ARTICLES OF INCoRPoRA-
 TON

County of Navajo. State of Ari- zona, and Alphonse Blum, resi-. dent of Holbrook. County of Navajo, State of Arizona, and Clarence H. Jordan. a resident of Holbrook. County of Navajo, State of Arizona. do hereby as- sociate ourselves together, for the purpose of forming a corpor- ation under and by virtue of the laws of the State of Arizona, and we do hereby certify and declare as follows. to-wit:
 ARTICLE I.
 The names of the corporators are as follows. te-Wit: George W. Hennessey, Lloyd c. Henn- ing, Alphonse Blum and Clarence Fl. Jordan; that the name of the corporation shall be, and is, HENNESSEY CATTLE COM PANY; and that the principal place in which the business of, said corporation is to be trans acted in Arizona shall be, and is, the Town of Holbrook, County of Navajo, State of Arizona.
 ARTICLE II.
 The objects for which said cor peration is formed and organ Ized, and the general nature of the business proposed to be trans acted by this corporation. are as follows, to-wit: To own. sell, raise, trade and deal in, cattle, sheep, horses, mules. goats. hogs and all classes and kinds of live stock; to acquire by purchase or otherwise. and to own. sell, buy. convey. hold, lease, mortgage. or cucumber real estate and other property. personal OF mixed; to borrowmoney by mortgageor oth- CT charge, to issue bonds or other evidences of indebtedness, Bub- ject to action of the Corporation Commission of the State of Ari- zona, to sell. dispose of. or en- cumber all. or any part of the property of the company, sub- ject to the limitation hereinafter prescribed; to make contracts, to purchase, lease, locate. or other wise acquire, own, exchange, sell, pledge. mortgage, hypothe- cate, and deal in any and all | kinds of real and personal prop erty; to own. buy, sell and handle l shares of it's own capital stock | and that of other corporations; to make all contracts and agree ments necessary or proper in the l premises; and. in general, to do and perform such acts and things | and transact such business in with the foregoing objects, nor inconsistent with law. in any part of the world, as the Board of Directors may deem to the advantage of the corpora ton.
 ARTICLE III.
 The capital stock of the cor ooration shall be One Hundred and Fifty Thousand and no 100 ($150, 900. 00) Dollars, divided in- to Fifteen Hundred Shares (1500) | )f the par value of One Hundred ($100.00) Dollars each, which Ihall be paid Tn, at such time as he Board of Directors may de- Jignate, in cash. real, or personal services. lease. option 70 purchase, or any other valu- lble right or thing, for the uses md purposes of the corporation, md all shares of capital stock when issued in exchange there Or. shall thereupon and thereby become and be fully paid the Iame as if paid for in cash at ,ar, and shall be non-assessable 'orever. and the judgment of the Board of Directors as to the value if any property, right. or thing in exchange for capital tock shall be conclusive.
 ARTICLE ".
 The commencement of the cor 'oration shall be the date of the to it of a certificate of incorporation by the Arizona Cor ,oration Commission, and it shall ndure for the full term of years thereafter. 7ith privilege of perpetual suc- ession as provided by statute.
 ARTICLE V.
 The affairs of the corporation hall be conducted by Board of