The daily morning oasis., 1920-09-02
Articles of Incorporation
Phillips-Reid Drug Company

Phillips-Reid Drug Company
Incorporated.
KNOW ALL MEN BY THESI
PRESENTS: That we, the under
signed, do hereby associate ourseI
YES togethe. for the purposes O
forming a corporation unde, the law
of the State of Arizona, anu do here
by adopt the following Articles o.
Incorpc1 alton.
ARTICLE I.
The names, residences, and pos
office addresses of the incorporation
are as follows: w. ]. Phillips, No
gales, Arizona, and R. V. Reid, No
gales, Arizona.
ARTICLE II.
The name of this corporation is
REID DRUG COM.
PANY, INCORPORATED.'
ARTICLE III.
Its principal place OF business shall
be Nogales, Santa Cruz County, Ari-
IONA, but branch offices may be
maintained at any place OF places
which may suit the require ments of
TINS cor pOrat1On.
ARTICLE Nv.
The general nature of the bust
ness>pr0posed to be transacted by the
corpora. ion is a follows, tc-wit:
To purchase and operate retail and
wholesale drug stores; to buy and
sell, import, export, and oeal in at
wholesale and retail all Dirt gs, med
icines, paints, chemicals, oils, dye
stuffs, glassware, toilet and fancy ar
ticles, brushes and br1stle goods fan
cy gooCs, druggists sundries soaps,
perfumes, liquors, surgical instrum-
ent, rubber goods, appliances and ap-
paratus physicians and hospital sup
plies, pharmaceutical AMI general
merchandise, and all other goods and
other articles pertaining to the drug
business. to engage in business as
stationers and to buy and sell, i'm
port, export, and otherwise deal in
books, pens, pencils, inks, writing
papers, and all other gooGs and ar
ticles pertaining to the stationery
business; to operate soda water
fountains and sell therefrorm soda
water, ices. ice cream and all other
article, and food stuffs generally
dealt in and sold in the soda water
fountain business; to purchase, manu-
facture. buy, sell, import, export and
deal in candy, confectionery, sugar,
glucose, ices, ice cream, chocolate,
and chewing gun; to buy, sell, i'm
port, export, and deal IN cigars,
cigarettes, tobacco, smokers supplies,
candies, toilet articles, liquors, and IL
guilds and all other articles incident
al to. the drug business; to employ
registe, ed Pharmacists ami clerks for
the purpose of carrying on the said
business; to buy, sell and deal IN
patent or otherwise, to
fill prescriptions; to lease stores and
warehct SEES; to buy, sell, exchange,
mortgage, hire. let, lease or other
wise acquire and dispose Of property,
real. pei sonal or mixed, fer the pur-
pose Of operating drug stores; to
make any and all contracts, to pur--
,hase, case, or otherwise acquire and
own, aay and all species OF property,
10 exchange, sell, or otherwise dis
pose Of. pledge, mortgage, hypo-
.hecate and deal in real estate and
NV and all kinds of personal prop
,rty, and to posses the same powers
n sue" respects os private individuals
low ENJOY, and in general to do all
Kings necessary or convenient to the
proper conduct of the business OF the
in the State of Arizona, |
md elsewhere, not inconsi 'tent with
lie laws of the United States and OF
he State of Arizona.
ARTICLE V.
The amount of the capital stock
this corporation is Fifty Thousand
Dollars ,OOO.OO), divided into
i've Thousand Shares 10000, OF
&c par value of Ten Dollars ($1OOO)
ach. Stock may be issued upon
UGH terms and conditions as shall
e prescribed by the board of direc-
ors, and may be issued in exchange
or services or property. The 1udg-
,ent of the board of directors as to
Ike value of property {, services
taken in exchange for stock shall be
oncluslve in tie absence OF fraud:
he stock of this corporation shall
c nom assessable-
ARTICLE vi. II
The time of the commencement OF
,is corporation shall be the date of
e filing of its Articles with the
Commission of the State
E Arizona and the recording OF
ame in the office of the County
ecordcr of Santa Cruz County, Ar.
ma. ard the termination thereof
,all be twenty-five years thereafter,
Mess renewed in the manner provld-
| by law.
ARTICLE VII.
The affairs Of this CORPORATION shall
, conducted by Board Of Directors
not less than three (3l nor more
an se> en- (7) persons, who shall De
ockholders of this corporation. The .
rst board of directors shall be
ected by the incorporates and shall
rive until the first annual meeting
this corporation and until their
lccessors are eleSted anti quahfleo
irectols shall be elected at the an,
,al meeting Of the stockht lders and
Ill eaxx,o for one wear and until