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Collection: Original Records > Articles of Incorporation

Gray FW Company (AI-G150) (1932) (13 pages)

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$5000.00 Thousand Dollars divided into Fifty shares of the par vahue of One Hundred ($100.00) Dollars p r share. vil. The incorporators subscribe for stock in this corporation in the following amounts , to-wit: F. WW. Gray 46 shares R. T. Adams 1 share G. D. Adams 1 share Re G Abbey 1 share AH. Cook 1 share Total stock subscribed 50 shares Vil. The officers of this corporation shall be: (1) a board of five Directors; (2) a President; (3) a Vice President; (4) a Secretary; (5) a Treasurer. A Director must hold at least one share of stock to qualify him as such. The Presildent and Vice President must be directors. The Other officer8 may or may not be stockholders or directors. Any person properly qualified may hold one or mere offices. The term of office of the directors and other officers shall be one year and until their successors are elected and have qualified. The Directors end other officers shall be elected by ballot at the annual meeting of the stockholders hereinafter provided for. Any director or other officer may be removed in the manner provided by the Statutes of the Stateof Utah or by a vote of directors constituting e majority of the Board and owning and holding in their ovmm right not less than a mgjority of the outstanding capital stock of the copporation. Any director or other officer mayresign by filing his written resignation with the President or Secretary of the corporation. Vacancies caused by removal, resirnation or otherwise shall be filled for the balance of the term by a majority vote of the Board of Directors. ‘The names of the Directors and other officers to serva until the first general election which will be held in, the month of January 1926, as hereinafter provided, are: F. W. Gray, R. T. Adams G. D. Adams, R. G. Abbey and Ae H. Cook, Directors; F. W. Gray, President and Treasurer; R. T. Adams, Vice President and G. D. Adems Secretary. Vill. The annual meeting of stockholders for the election of directors and other officers md for the transaction of such business as shall re-