The Coconino sun., 1907-11-21

lHulNluldi or Dy dHOlleF tofpOfHtlpl, either as trustee or as agent for or up. on any other terms or conditions which the Board of Directors with the consent of the Executive Committee may consider for the henelil of the Corporation, and to take over and carry on such business acquired either by acquiring the shares of stock or \ other securities thereof or otherwise. and receive and distribute as profits the dividends and interest on stocks J and bond and other securities owned or held by it, and to pledge hypothe- cate, sell. negotiate, OF dispose of the same for the benefit of the corpora lion,
 lj) Without in any particular lim- ting any of the objects and powers of the Corporation, it is hereby expressly declared and provided that the corpor- ation shall have power and the Board of Directors or Executive Committee as may be provided in the By-Laws or otherwise, are hereby expressly au- thorized, without further consent of the stockholders. as expressly requir- ed by law. to transact and carry ont any and all things herein provided for and to issue stocks, bonds. and other obligations in payment for stocks, bonds, services, property purchased or acquired by it, or for any other ob- ject in or about its business. To mortgage or pledge any stocks. bonds, or other obligations or any property that may be acquired by 1t to secure any bonds or other obligations by it issued or incurred. To guarantee the payment of any dividends or interests or bonds or contracts, or other obli- gaiions of this or any other corpora tion. To purchase, sell, mortgage, pledge, hypothecate, and convey real and personal property, md to make, enter into, perform and guarantee contracts, leases. debentures of every kind and description in carrying on it's business, or for the purposes of at taining or furthering any of its ob- jects: to do any and all other acts and things, and to exercise any and all other powers which natural person could do or exercise, and which now or hereafter may be authorized by law.
 K To issue share warrants with dividend coupons attached, both run ming 10 bearer and transferable by de- livery for it's corresponding number of shares, such share warrants with proper coupons attached 10 be ex- changeable on demand, deposit and cancellation of same for said ceriiti- cate of shares so deposited. While such share warrants are outstanding the corporation may treat the holder of record of the stock against which share warrants were issued as the holders in fact. but said shares of stock shall be held Dy ihe corporation subject to saId warrants so issued until said warrants shall be taken up by the corporation, and the corporation shall not pay any dividends on any shares of stock so deposited except upon delivery and cancellation of the proper share warrant coupons, and in iio NhNf NhAil iiit Noi pul ul- vidends upon both said shares of stock so deposited and on the share war rants issned upon tlie deposit of said shares as above provided
 IT To purchase or acquire it's own capital stock from time 10 time as it's Board of Directors or Executive Com mittee shall determine and such capital stock so purchased may be deposited in the treasury of the corporation as treasury stock for the purpose of pro- ducing working capital for the corpor- ation or to remunerate any person, firm OF corporation for services ren- dered in selling, pledging or guaran- ,eeing the disposal of any of the shares of the capital stock of the cor poration or of any bonds or other se- eurities of the corporation that may from time to time be issued
 Fourth: This corparation is form ed io endure for [25l twenty-five years imt its charter rights may be renewed before it's charter expires from time to Lime. for periods not exceeding twenty five [2s years at time, per petnalIy
 Fifth: The affairs of this corpora tion shall he conducted by Board Of Directors and an Executive Commit tee as the Bylaws shall provide Said Board of Directors shall not be less than three [3 nor more than nine I9l as may from time to time he pro vided in the Bylaws. They shall be elected on the first Tuesday of Janu- ary of each year as the By-Laws shall provide.
 The Executive Committee shall con sist of three B members, and shall be