Arizona state miner., 1926-03-13

! ($2O,OOO OO) Dollars; divided into
one thousand shares of the par value
of Twenty ($2O OO) Dollars each, and
! shall be issued only full paid and
worcestershire. 1t may be issued for
money, property or services, at a val
uation fixed by the Board of Dir
ectors, which shall be conclusive.
Article v.
The general nature of the business
to be transacted by this corporation
J is to maintain and carry on a gell-
! eral merchandising business and
hardware and implement; to own,
hold buy, SELL lease, exchange an I
otherwise deal in property of every
kind and character necessary or DE-
sirable in connection with the busi-
ness of a general hardware and ira.
plement store and to manufacture.
buy, sell, and deal in all manner Of
hardware and implements; to buy,
| sell, mortgage, lease, exchange and
otherwise acquire, dispose of ard
deal in real estate and personal prop
erty of every nature and kind and
| to accept the same in payment OF
debts; to purchase, own, control, sell
and otherwise deal with it's own cap
ital stock and the capital stock of
| other corporations foreign or domes-
tic, and have the same rights of
| ownership therein as permitted to
natural persons; to issue bonds,
notes or other evidences Of indeht-
edness and to secure the payment of
the same by mortgage, pledge or
otherwise to act as agent; trustee,
broker, or any other fiduciary capac.
ity; to borrow and loan money; to
do and perform sucn acts and things
and transact such business not in-
consistent with the law and the oh
jects hereinbefore specified; and to
do and perform all the acts and
things and transact all the business
| hereinbefore specified in all the
States and territories of the United
| States and in any part of the World
Article vi.
The time for the commencement
of this corporation shall be the date
of the issuance to it by the Arizona
Corporation Commission of certi-
fcate of incorporation, and the ter
mination thereof shall be twenty-five
years thereafter, with the privileges
| Of renewal as provided by law.
Article VII.
The affairs of this corporation
shall be conducted by a Board Of
! Directors consisting of three mem
bers; but the number Of directors
may be increased to five or more
directors in such way or manner as
the bylaws of the corporation may
provide, and such other subordinate
officers and agents as they may ap-
point or elect and the following
named persons shall constitute the
Board Of Directors until their success
sors are elected and have qualified,
tO-wit: L. H North, A. O. North
and e. r. North Thereafter the
Board of Directors shall be elected
annually by the stockholders from
among their number at the annual
meeting of the stockholders to be
held on the first Tuesday in March,
in each year, and shall hold Office
until their successors are elected ana
have qualified. The Board of Dir
etors shall have the power to fill
any vacancy occurring in the Board
from any cause for the unexpired
term at any regular meeting.
Article VIII.
The officers of this corporation
shall be President, ce-President.
Secretary and Treasurer, who shall
be elected by the Board Of Directors
Immediately after each annual meet
ing Of the stockholders Of the cor
Doration and shall hold office for one
year and until their successors are
| elected and qualified. The offices Of
Secretary and Treasurer may be held
by the same person. In the event
Of vacancy in any Office, the Board
Of Directors may fill the same, and
the persons So selected shall serve
during the unexpired term of his
predecessor or until his successor
is elected and qualified. Until tho
first annual meeting of the stock
holders and until their successors
have been duly elected and qualified,
except in cases of vacancy created
the following named persons shall be
the officers of this corporation: L.
II. North President, A o. North,
Vice-President, and f. R. North
Secretary Treasurer, and General
Manager.