The Coolidge examiner., 1930-12-19

CENTER
KNOW ALL MEN BY THESE
PRESENT:
That, we, The undersigned, have
this day associated ourselves to-
gether for the purpose of forming a
corporation under the Laws of the
State of Arizona, and for that pur-
pose to adopted, certify and ac-
knowledge the following Articles
Of Incorporation:
ARTICLE |
That the name of this corporation
shall be COOLIDGE BARGAIN
CENTER: the names of the cor
porators, their residence and post
office addresses are as follows:
Herman Lewkowitz, Phoenix,
Arizona; B. L. Tate, Phoenix, Ari-
zona.
The principal place of business
and office of this Company shall
be PHOENIX, ARIZONA, but the
Board of Directors may establish
other offices in the State of Ari-
zona, and elsewhere as they may
deem in their discretion to be ap-
propriate or necessary.
ARTICLE II
The purpose for which it is form
ed are for the carrying on of a
merchandising business principally,
to buy. sell. deal in, trade for, and
in any and every way to deal in
merchandise of any and every class
and nature, to establisher astore
or stores. and display, store, buy.
sell and dispose of merchandise
therein, to obtain by purchase or
any other lawful manner, property
of any and every kind, to purchase,
own or lease and dispose of Real
Esta e, Mines, Live Stock, and any
and every kind of property,
whether Real, Personal or Mixed,
the same as any natural person
might or could do, to deal in the
shares of this or any o her corpora
ton, and to hypothecate, bonds,
lease, mortgage, sell or dispose of
the whole OF any part tereof, in the
same manner as well as of any
property of which it shall be at
any time seized and possessed.
ARTICLE III
THE AMOUNT OF THE CAPI-
tai STOCK of this corporation
shall be Twenty-Five Thousand
(S25.000.00) Dollars, TO be divided
into twenty-five hundred (2500)
shares of the par value of Ten
$4,000 Dollars each, and said
capital stock shall be fully paid up,
at the date of issuance, in money,
property, services, labor or any
other valuable right or thing, in the
discretion of the Board of Directors
and the judgement of said Board
as to the value thereof shall be con-
elusive on this corporation and its
stockholders. Said capital stock is
hereby made and shall forever re-
main non-assessable. Said stock
shall be disposed of in the discre-
ton of the Board of Directors, as
said Board may deem proper and
its discretion shall be final and
binding.
ARTICLE "
The life of this corporation shall
commence on the day when a GER
tificate Of its incorporation is is
sued by the Arizona Corporation
Commission, and shall terminate
twenty-five years thereafter.
ARTICLE V
The affairs of this corporation
shall be conducted by a Board of
Directors of not less than three
nor more than five members and
such other officers and agents as
they may appoint or elected and all
Directors shall be stockholders.
The Board of Directors shall be
elected annually by the stockhold-
ers from among their number at
the annual meeting of the stock
holders to be held on the third
Tuesday of February each year,
and shall hold office until their
successors are elected and quail
fled The Board of Directors shall
have the power to fill any vacan-
cies occurring in the offices or in
the Board from any cause for the
unexpired time.
ARTICLE VI
The highest amount of indebt-
ness, direct or contingent, to which
this corporation shall ever be SUBJ
jected shall be two-thirds of the
total par value of the capital stock.
ARTICLE VII