The Coconino sun., 1907-10-31


 | individual or by another corporation, either as trustee or as agent for or np- on any other terms or conditions l which the Board of Directors with the consent of the Execu ve Committee may consider for tho benefit of the | Corporation, and Co ike over and carry on such business cquired either bv acquiring the sharas of stock or other securities thereof or otherwise, l 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 | tion.
 l iD Without in any particular linn | iting 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 iur the Bylaws or. otherwise, are hereby expressly au- thorized, without further consent of the stockholders, as expressly requir- I'd by law, 10 transact and carry out 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 mortSage or pledge any stocks, bonds, or other obligations or any property that may be acquired by it 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- gations 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 furtheriug any Of it's ob- iects: Co do any and all other acts and things, and to exercise any and all other powers which a natural person could do or exercise, and which now or hereafter may he authorized by
 law.
 | lkl To issue share warrants with dividend coupons attached, both run ming to bearer and transferable by de-
 livery for ifs corresponding number Of shares, such share warrants with proper coupons attached to be eX- changeable on demand, deposit and cancellation of same for said certili- cate of shares so. deposited. While such share warrants are outstanding the corporation may treat the holder oT record of the stock against which share warrants were issued as the holders in fact. but said shares Of stock shall be held Dy the corporation subject 10 sad warrants SD issued uatil 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 no case shall the corporation pay di-
 yidends upon both said shares of stock
 so deposited and on the share war
 rants issued upon the deposit of said 1 shares as above provided.
 III To purchase or acquire it's own capital stock from time to time as it's Board of Directors or Executive Com
 mittee shall determine and such capital l hae e.al ho aA in the treasury of the corporation as treasury stock for the purpose of pro
 dueing working capital for the corpor-
 ation or to remunerate any person, firm or corporation for services rem
 dered in selling, pledging or guaran- teeing the disposal of any of the
 shares of the capital stock of the cor. poratioa or of any bonds or other se- curities of the corporation that may from time to time be issued.
 Fourth: This corparation is form
 ed to endure for t25i twenty-five years hut it's charter rights may be renewed before it's charter expires from time to time, for periods not exceeding
 twenty five l25 years at a time, per
 petually
 Fifth: The affairs of this corpora ton shall be conducted by a Board of 1 Directors and an Executive Commit , tee as the By-Laws shall provide. $ Said Board of Directors shall not be 2 less than three l3i nor more than nine
 l9l as may from time to time be pro. vided in the Bylaws. They shall be . elected on the first Tuesday of Jam. . ary of each year as the Bylaws shall : provide.
 | The Executive Committee shall con.
 s;Ot of ,hraa I21 nna,,hars and shall he