Douglas daily dispatch., 1926-09-04
F. J. K. MCBRIDE,
Secretary.
ARTICLES OF INCORPORATION
CENTRAL PHARMACY
BISBEE, ARIZONA

Be 1T known, that we, the underSign-
ed Russell Meadows and Maud p. Ham
mill, residents and citizens of the City
of Douglas, County of Cochise and
State of Arizona, and E. D. Maher,
resident of Warren, said county and
state, do hereby associate ourselves to-
the laws of the State of Arizona and
adopt the following articles of incor-
poration:
Article 1.-The name of the Corpora
ton is central PHARMACY" and
it's principal place of transacting busi-
ness is in Bisbee, Arizona offices may
be established business transacted and
meetings of stockholders and directors
held in such places within or outside of
Arizona as the bylaws of the company
shall provide.
Article II-The general nature of tho
business to be transacted is to buy,
sell, manufacture and deal in drugs,
chemicals, druggists sundries, medi-
cines compounds, and merchandise of
all kinds; to buy, lease, erect and ac-
quire, hold, own and manage real es-
tate and buildings; to make contracts;
to own, cancel and reissue shares of
it's own capital stock and to own and
to vote shares of other corporations;
to issue bonds, notes and other evil
dences of Indebtedness and to secure
the payment of the same by mortgage,
deed of trust, or otherwise; to act as
agent, trustee or broker, and to bor-
row and loan money; and in general
to do and perform such acts and things
and transact such business in connec-
tion with the foregoing objects, not in
consistent with law in any part of the
world as the board of directors may
deem to the advantage of the corpora
tion.
Article III-The amount of author
ized Capital Stock or the Corporation
is Fifty Thousand Dollars ($50,000), di-
vided into five hundred (5OO) shares
of the par value of One Hundred Dol
lars ($100) each, which shall be paid
in, at such time as the Board of Direc-
tors may designate, in cash, real es-
tate or personal property, services,
lease, option to purchase, 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 therefor, shall thereupon and
thereby become and be fully-paid the
same as though paid for in cash at par,
and shall be non -assessab1e forever,
and the judgment of the Directors as
to the value of any property, right or
thing acquired in exchange for Capital
Stock shall be conclusive.
Article IV.-The time of the COM
mencement of the corporation shall be
the day these Articles are filed in ac-
cordance with law, and termination
thereof shall be twenty five years
thereafter, with privilege 0 frenewal
and right of perpetual succession as
now provided by law.
Article V.-The affairs of this cor
poration shall be conducted by Board
of not less than two nor more than
five Directors, by whom a President
and Vice-President shall be elected and
a Secretary and Treasurer appointed
The Directors shall be elected by the
Stockholders on the second Monday in
August of each year. TJrtil their sue
cessors are elected and qualified, the
following named persons shall be the
Directors and Officers:
DIRECTORS
Russell Meadows, Maud p Hammill,
E. D. Maher.
OFFICERS
Russell Meadows, president and
treasurer; E. D. Maher president;
Maud p. Hammill, secretary.
Article VI. = The Directors shall
adopt Bylaws for the government of
the corporation and may amend the
same. They shall have power to fill
vacancies in the Board from any cause.
Article VII-The highest amount of
Indebtedness or liability to which the
corporation is at any time to subject
itself is not to exceed an amount equal
to two thirds of the Capital Stock is
sued and paid in
Article VIII.-The private property
of the stockholders Of the corporation
shall be forever exempt from corporate
debts of any kind whatsoever.
Article IX.-The corporation hereby
appoints authorizes and empowers
Al r1a.- MI