Arizona state miner., 1924-05-24

poratiOn:
ARTICLE
The name of the corporation is:
NELSON & PAAR, PAPER DEAL
ERS. INCORPORATED, and it's prin-
clpal place of transacting business in
Arizona is Phoenix. Offices may be es-
tablished, business transacted and meet
ings of stockholders and directors held
at such places within or outside of Ari-
zona as the Bylaws of the corporation
shall provide.
ARTICLE II
The general nature of the business
proposed to be transacted, promoted or
carried on, is:
(a) To export, import, manufacture,
sell. Yend, buy, purchase, patent, Sc
cure. procure options for, and deal in
any other manner in paper. paper pro-
ducts, or paper of any kind, character
or composition, In any shape. form.
make or brand, and paper or paper
composition for every conceivable use
and purpose, or in any quantity. quail
lty, shape. size or form, or of any COM
position, wheresoever produce or man.
ufactured;
TO- To manufacture, purchase or
otherwise acquire. to hold. own, mort
gage, pledge, sell, assign and transfer.
or Otherwise dispose of, to invest, trade,
deal in and deal with goods, wares and
merchandise, and real and personal
property of every class and description.
to purchase or otherwise acquire lands,
buildings, tenements or facto' les, in
Arizona, or elsewhere;
(c) To acquire, by purchase or 9TH
erwise, the good will. rights and prop
erty, and the whole or any part of the
assets and liabilities of any person.
firm, association or corporation, and to
paw for the same in cash, stocks or
bonds of this corporation, or other
wise;
Id To borrow or otherwise secure
money, to create indebtedness in con-
Dection with the foregoing matters; to
issue promissory notes. bonds, deben-
lures, and every other known or con-
ceivable evidence of Indebtedness, and
to secure the payment thereof by the
execution, acknowledgment, and deliv-
cry of mortgages, pledges, or deeds of
trust, or other security, upon any or all
of the property of this corporation, or
in any other manner that may be ad-
visable and legal;
(e) To enter into, make, perform
and carry out contracts of every kind
for any lawful purpose, with any per-
son, firm, association or corporation;
(f) To have one or more officers to
csrry on all or any part of its business
Or operations in any of the states. dis
tricts, territories and colonies of the
United States. or in any and all foreign
countries, subject to the laws OF such
states, districts. territories and colonies,
and countries; TO purchase or otherwise
acquire, to hold, own, mortgage. sell,
convey, or otherwise dispose of real
and personal property of every class.
sort and description, in any of the said
states, districts, territories and colon
les of the United States, and in any
and all of said foreign countries. SUBJ
ject to the laws of such states, districts,
territories and colonies, and such for
eign countries;
(g) In general. to carry on any other
business in connection with the fOregO-
ing, whether manufacturing or other
wise, and to have and to exercise all
the powers conferred by the laws of
Arizona upon corporations formed un-
der and by the provisions of said laws;
(h) To own. handle and control let
ters patent and inventions; to issue,
own, cancel and REISSUE shares of its
own capital stock, and to own and vote
shares of other corporations; to act as
agent, trustee or broker, and to hor-
row and loan money.
ARTICLE III.
l. The total authorized capital stock
of this corporation is one hundred thou
sand dollars ($l00, ,O0000). divided into
five hundred (500l shares of preferred
stock of the par value of one hundred
dollars ($1O0.00) each. and FIVE thou
sand 6, 000) shares of common stock
of the par value of ten dollars ($10.OO)
each, each of which, both preferred
and common, shall be paid in at such
time as the board of directors may des-
ignate, in cash, real or personal prop
erty. services, leases, options to pur-
chase, or any other valuable 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 be-
come and be full-paid the same as
though paid for in cash at par, and
shall be non-assessable forever, and the
Judgment of the directors as to the
value of any property right or thing
shall be conclusive;
2 The holders of preferred stock
shall be entitled to cumulative dividends
thereon at the rate of eight per cent
(8%) per annum, payable out of any
and all surplus or net profits of the
corporation on such date as may be
fixed by the board of directors. In the
event of the dissolution or liQuidatio