The Coconino sun., 1907-11-28

individual or by another corporation, lher as trustee or as agent for or mp on any other terms or conditions which the Board of Directors with the consent of the Executive Committee may consider for inc benefit of the Corporation, and to take oyer and carry on such business acquired either bv acquiring the shares of stock or other securities thereof or otherwise. and receive and distribute as profits the dividends and interest on stocks and bond and other securities owned or held by it, and to pledge hypothe- cate. sell, negotiate, or dispose of the same for the benefit of the corpora ton.
 ij 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- alton shall have power and the Board of Directors or Executive Committee as may be provided in the Bylaws or otherwise, are hereby expressly au- thorized, without further consent of the stockholders, as expressly requr- 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- feet in or about it's 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 fl issued or incurred To guarantee the payment of any dividends or interests or bonds or contracts, or other obll- gations of this or any other corpora ton. Tn purchase, sell, mortgage, pledge, hypothecate, and convey real and personal property, md 10 make enter into, perform and guarantee contracts. leases, debentures of every kind and description in carrying or it's business, or for the purposes of at taining or furthering any of it's ob. iects; to do any and all other acts and things, and to exercise any and all other powers which annatural person could do or exercise. and which now or, herealter' may be authorized by law
 Ikl To issue share warrants with dividend coupons attached, both run hing to bearer and transferable by de livery for its corresponding number o shares, such share warrants will proper coupons attached To be ex' changeable on demand, deposit ant cancellation of same for said certit cate Of shares so deposited. While such share warrants are outstanding the corporation may treat the holdei nf record of the stock against whicl share warrants were issued as thu holders in fact, but said shares O stock shall be held by the corporation subject to sad warrants sO issued uati said warrants shall Joe taken up b. the corporation, and the corporation shall not pay any dividends on an. shares of stock so deposited excel upon delivery and cancellation of'ih proper share warrant coupons, and il no case shall ihe corporation pay di | yidends upon both said shares of stocl so deposited and on the share war rants issued upon the deposit of sai' shares as above provided.
 III To purchase or acquire its ow capital stock from time to time as it | Board of Directors or Executive Com mit,ee shall determine and such capita stock so purchased may be deposite in the treasury of the corporation n treasury stock for the purpose of pro ducing working capital for the corpor ation or to remunerate any person firm or corporation for services ren
 dered in selling, pledging or guarar teeing the disposal of any of tn
 shares of the capital stock of the cor
 poration or of any bonds or other St curities of the corporation that ma from time to time be issued.
 Fourth: This corporation is form
 ed to endure for [25l twenty-five year
 but it's charter rights may be renewe [before it's charter expiresl from tim
 to time, for periods not exceedin
 twenty five [25 ] years at q time, peI
 petually
 Fitth: The affairs of this corpori
 ton shall be conducted by Board (
 Directors and an Executive Commi
 tee as the Bylaws shall provide
 Said Board of Directors shall not |
 less than three I3 nor more than min
 Tgl as may from time to time be pro
 vided in the Bylaws. They shall |
 elected on the first Tuesday of Jam
 ary of each year as the By-Laws sha provide.
 rrh.. Exonllli un CnuInittnn shall cnI