Arizona state miner., 1923-09-08
ARTICLES OF INCORPOR-
ALTON.

purpose do adopt, certify and acknow
ledge the following ARTICLES OF IN.
CORPORATION:
ARTICLE l.
The name Of this corporation shall be
LIPOW BROTHERS FRUIT COM
PANY; the names of the corporate
their residences and post office addresses
are as follows:
NATHAN LIPOW, Phoenix, Arizona.
HARRY ZEITLIN, Phoenix, Arizona.
ARTICLE II.
The general nature of the business
In which this cor poration shall engage
is as follows, to-wit:
To carry son the business of buying
and selling fruit and other products,
purchasing, owning, leasing, acquiring,
cultivating, importing and developing
farms and farm lands, fruit orchards
and fruit lands, and all rights, inter
ests and easements thereon; buying,
selling, importing. exporting, cultiYat-
ing, growing and producing oranges,
lemons, dates, figs, grapefruit, berries,
citrus fruits, tropical fruits and pro-
ducts. foods and food products, vege-
tables and farm products, and kindred
products of every nature and descrip
ton; acquiring, holding managing and
operating irrigation bitches, canals,
reservoirs, dams, fumes, aqueducts
pipes. water and water rights and all
machinery and other property neces-
sary for the purpose of watering and
irrigation; owning, acquiring, conduct
ing, leasing or purchasing ice plants,
electrical machinery, canning factories,
OF fo L,,iL]
lngs, machinery, equipments, necessary
to carry on these objects; to make,
perform and carry out contracts Of any
kind. and for any lawful purpose Incl.
dental to its operation In BUSINESS; to
issue, protect, secure, redeem and pay
bonds, securities and other evidences
of Indebtedness of this corporation.
when deemed necessary. appropriate
or eXpedient by the directors or
stockholders of this corporation
To purchase, sell, exchange, lease, ac-
Qulre and manage offices, lands and ap-
purtenances thereon for the purposes
incidental to It's operation and business
IN general to carry on any other lawful
business in connection with the forego-
ing which may be necessary or Incl
dental thereto, or calculated directly or
Indirectly to enhance the value of the
cOmpany's properties, right or stock,
and to do any and all things which
natural person might or could lawfully
do in a general fruit and produce bust
ness.
ARTICLE Ill
The amount of the capital stock of
this corporation shall be Ten Thousand
dollars ($l0, 000 0O, to be divided into
One Hundred (100) shares of the par
value of One Hundred Dollars ($100.0O)
each, and said capital stock shall be
fully paid up at the date Of ISSUANCE, in
money, property, services, labor or any
other valuable right or thing, in the
discretion of the Board of Directors;
and the judgment of said Board as to
the value thereof shall be conclusive on
this corporation and its stockholders. |
Said capital stock is hereby made, and |
shall forever remain. -assessable |
Said stock shall be disposed of in the |
discretion of the Board of Directors, as
said Board may deem proper, and it's
discretion shall be final and binding.
ARTICLE ".
The life of this corporation shall COM
mence on the day when a certificate of |
its incorporation is issued by the Ari
zona Corporation Commission and shall |
terminate ten Q0) years thereafter
ARTICLE v.
The affairs of this corporation shall |
be conducted by Board of Directors
ofsnOt less than three nor more than |
five members, and such other officers
and agents as they may appoint or
elect, and all Directors shall be stock
holders; the following named persons
shall constitute the Directors and off, |
GERS of this corporation antil their sue
cessors shall have been elected and
qualified, to-wit:
NATHAN LIPOW. President, Treas
urer and Director.
HARRY ZEITLIN, Vice President
and Director
LOUIS LIPOW, Secretary and Dir
ecter.
Hereafter the Board of directors shall
be elected annually by the stockholders
from among their number at the an
nual meeting of the stockholders. to be
held on the second Tuesday of Sep
tember, of each year, and shall hold of
flee until their successors are cleo
ted and qualified The board of direc-
tors shall have the power to fill any va
cancies occurring in the officers or in
the board for any cause for the uneX-
pired time.
ARTICLE vi
The highest amount of Indebtedness,
direct or contingent. to which this cor
poratiOn shall ever be subjected, shall
be two thirds of the total par value of
the capital stock,
ARTICLE VII
The private property of the stock
holders of the corporation shall be for