The Coconino sun., 1907-10-24

individual or by another corporation, either as trustee or as agent for or up on any other terms or conditions which the Board of Directors with tho consent of the Exec,r i've Committed may consider for the benefit of the Corporation, and to ike over and carry on such business cquired either by acquiring the shars s 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 She benefit of the corpora tion.
 lj) Without in any particular lin ting any of the objects and powers oi the Corporation, il is hereby expressly declared and provided that the corDor- ation shall have power and the Board of Directofs 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 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- ject in or about it's business. To mortgage or pledge any stocks, bonds, ol 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 furthering any of it's ob- jects: to do any and all other acts and things, and to exercise any and all other powers which Il natural person could do or exercise, and which now or hereafter may be authorized by law.
 lkl To issue share warrants with dividend coupons attached, both run ming to bearer and transferable by de- i;,..,,,, f,N,, i, Q osnon dinu numhar of shares, such share warrants with proper coupons attached to be ex- changeable on demand, deposit and cancellation of same for said certifi- 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 iu fact. but said shares of stock shall be held by the corporation subject to sad warrants SO ssued uxtil 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 50. deposited and on the share war rants issned upon the deposit of said shares as above provided.
 I'll 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 stock so purchased may be deposited treasury stock for the purpose of pro- ducing working capital for the corpor- ation or to remunerate any person, firm or corporation for services rem dered in selling, pledging or guaran- teelng the disposal of any of the shares of the capital stock of the cor poration or of any bonds or other SC. curities Of the corporation that may from time to time be issued,
 Fourth: This corparation is form ed to endure for l25l twenty-five years but it's charter rights may be renewed
 before it's charter cxpiresl from time to time, for periods not exceeding twenty five l2S years at a time, per petually
 Fifth: The affairs of this corpora tion shall be 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 [3l nor more than nine
 9l as may from time to time be pro- vided in the By-Laws. They shall be elected on the first Tuesday of Janu- ary of each year as the By-I.aws shall provide.
 The Executive Committee shall con sist of three I3l members, and shall be