The Holbrook news., 1919-08-22
ARTICLES OF INCoRPoRA.
 TON

KNOW ALL MEN BY THESE PRESENTS: That we,- George w. Hennessey, a resident of Hol- brook, County of Navajo. State of Arizona, and Lloyd c. Hen hing, a resident of Holbrook, County of Navajo. State of Ari- zona, and Alphonse Blum, a 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, to-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 or mixed; to borrowmoney by mortgage or oth- CT charge, to issue bonds or other evidences of indebtedness, sub 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 shares of it's own capital stock and that of other corporations; to make all contracts and agree ments necessary or proper in the premises; and. in general, to do and perform such acts and things and transact such business in connection 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 tion.
 ARTICLE III.
 The capital stock of the cor poration shall be One Hundred and Fifty Thousand and no 100 ($150, 900. .00) Dollars, divided in- to Fifteen Hundred Shares (1500l of the par value of One Hundred ($100. .00) Dollars each, which shall be paid Tn, at such time as the Board of Directors may de- signate, in cash. real, or personal property, services. lease. option to purchase, or any other valu- able right or thing, for the uses and purposes of the corporation, and all shares of capital stock when issued in exchange there for. shall thereupon and thereby become and be fully paid the same as if paid for in cash at par, and shall be non-assessable forever. and the judgment of the Board of Directors as to the value of any property, right, or thing acquired in exchange for capital Itock shall be conclusive.
 ARTICLE ".
 The commencement of the cor ooration shall be the date of the ssuance to it of a certificate of incorporation by the Arizona Cor Commission, and it shall endure for the full term of twenty-five years thereafter. with privilege of perpetual sue .ession as provided by statute.
 ARTICLE V.
 The affairs of the corporation hall be conducted by g Board of l