The Winslow mail. (Winslow, Ariz.) 1893-1926, 1924-11-21


ARTICLES OF INCORPORATED
Know All Men By These Presents:
That we, the undersigned, hereby mu-
tually 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
a 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
fees Or branches at such other places
as may, from time to time, be desig-
mated by the Board of Directors.
ARTICLE w.
The general nature of the business
proposed to be transacted by this cor
poration is in and by its 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 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 to
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 capital
stock of this corporation shall be
twenty-five Thousand and no 100
($25,000.00) Dollars, divided into two
hundred and fifty (250) shares of the
par value of One Hundred and no 100
($100.00) Dollars each; that said
shares of capital stock may be paid
in cash, real or personal property, or
any other valuable right or thing;
that when any shares of capital stock
are exchanged for anything but cash
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 that
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 a Board of
Directors consisting of not less than
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 Monday
in January each year, which shall
hold office until their successors are
elected and qualified; and vacancy
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 of
Directors shall have power, to enact
by law, and make and and all rules
necessary for the conduct and manage
ment of the affairs of the corporation
not inconsistent with these Articles
of Incorporation or the laws of the
State of Arizona.
ARTICLE VII.
The names and residence of the per-
sons who have been selected as Of
fcers and Board of Directors to man
age the business and affairs of the
corporation until the first annual
stockholders meeting, are as follows:
w. A. Olds, president, Winslow,