The Coconino sun., 1907-11-07

GU lJ tne hume or or caffieu on Dy an 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 the consent of the Executive Committee may consider for the benefit 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 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.
 (j) Without in any particular linn 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 Bylaws 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 1t, or for any other ob- Ject in or about it's business. To mortgage 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, aud convey real and personal property, and 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 natural person | could do or exercise, and which now or hereafter may be authorized by law.
 lkI To issue share warrants with | dividend coupons attached. both run ming to bearer and transferable by de- livery for its corresponding number of shares, such share warrants with proper coupons attached to be ex- changeable on demand, deposit and | cancellation of same for said certifi- caie 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 by the corporation subject to sad warrants SO issued until said warrants shall he taken up by the corporation, and the corporation shall not pay any dividends on any shares of stock so deposited exce,,t upon delivery and cancellation of the proper share warrant coupons, and in no case shall the corporation pay di- vidends npon both said shares of stock so deposited and on the share war rants issued upon the deposit of said 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 Con- 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 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 poration or of any bonds or other se- curities of the corporation that may from time to time:be.issucd.
 Fourth: This corporation is form ed to endure for [25l twenty-five years but it's charter rights may be renewed
 before it's charter expiresl from time to time, for periods not exceeding twenty five l2s years at 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 l3 nor more than nine l9I 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 Bylaws shall provide.
 The Executive Committee shall con sist of three l3 members, and shall be