The Winslow mail., 1924-11-28

That we, the undersigned, hereby mu-
tualIy agree to unite and associate
ourselves as a corporation under the
| laws of the state of Arizona, and for
such purposes we hereby make, exc
cute and adopt the following articles
of incorporation:
ARTICLE I.
The name of this corporation shall
be, and is, OLDS BROTHERS LUM-
| Der COMPANY.
ARTICLE II.
The period of existence and dura-
ton of the life of this corporation
shall be twenty-five (25) years begin
ming on the date of the recording OF
certified copy of these articles of
incorporation with the county record
er of Navajo County, State of Arizona
ARTICLE III
The principal office and place of
business of this corporation shall be
at Winslow, in Navajo county, State
of Arizona, and it may establish Of
fees or branches at such other places
as may, from time to time, be desig-
mated by the Board of Directors.
ARTICLE ".
The general nature of the business
proposed to be transacted by this cor
poration is in and by it's corporate
name to take, receive, hold, and con-
vey, and dispose of any property, both
real and personal, which may be
granted, transferred or conveyed to
it with it's consent, to make contracts,
to purchase, lease, and otherwise &C
Quire, barter, sell or otherwise dis
pose of, pledge, mortgage, hypothe-
cate, and deal in lumber, coal, paint,
shingles, lath, lead, oil, roofing, fin
ishing materials, hardware, real es-
tate, and all things usually kept on
sale in lumber-yards and hardware
stores; to buy, sell, own, mortgage,
lease, and hold real estate of all kinds
to do a general manufacturing and
mercantile business in things pertain
ing to construction of buildings, to do
general contracting and contract work
in the erection of any and all kinds
of buildings; to conduct and operate
lumber-yards and hardware stores; tc
issue bonds, notes and other evidences
of Indebtedness, and to secure pay
ment of the same by mortgage, deed
of trust, or otherwise; to act as agent
trustee, broker, and to borrow and
loan money, and to do and perform
all acts and things, and transact such
business, not inconsistent with law
as may be connected with the pur.
poses and objects of this corporation
ARTICLE V.
The authorized amount of capita
stock of this corporation shall be
Twenty-Five Thousand and no 10(
($25 100000 Dollars, divided into two
hundred and fifty (250) shares of the
par value of One Hundred and no 10(
($1O00O) Dollars each that SAID
shares of capital stock may be pai(
in cash, real or personal property, OF
any other valuable right or thing
that when any shares of capital stock
, are exchanged for anything but casf
the transaction must be approved by
: the board of directors, and the prop
erty received for said shares of CAPT
tai stock must be of such value thai
said shares of capital stock are SOLD
at not less than par value.
! ARTICLE VI.
! The management and control of the
, business and property of this corpor
: alton shall be vested in Board o
= Directors consisting of not less thar
three nor more than seven members
: who shall be elected from the stock
:, holders of record at the annual stock
holders meeting held the first Monda.
, in January each year, which shall
g hold office until their successors ar
g elected and qualified; and vacanc.
: that may occur in the Board of Direc
; tors shall be filled by the remaining
members of said board from the stock
holders of record and said Board o
= Directors shall have power, to enac
by law, and make and and all rule
o necessary for the conduct and manage
f ment of the affairs of the corporation
not inconsistent with these Article
? of Incorporation or the laws of thu
State of Arizona.
ARTICLE VII.
= The names and residence of the per
= sons who have been selected as OF
= ficers and Board of Directors to man
age the business and affairs of tn
e corporation until the first annua
e stockholders meeting, are as follows
0 w. A. Olds, president, Winslow