Holbrook argus., 1908-06-09
ARTICLES OF INCORPORATIOl OF THE NAVAJO IMPROVEMENT
 COMPANY.

That we, the undersigned, J. E- Mlller, E S. Campbell and H. l.. Chllson, resi- dents of t.e Territory of Arizona, have associated ourselves together for the purpose of forming a corporation un- der the laws of the Territory of AriZo- ma. and in accordance herewith exc cute and adopt the following as the Articles of Incorporation of said cor poration.
 Article l.
 The name of this corporation shall be "NAVAJO IMPROVEMENT COM PANY'', and its principal office and place of transactlng business shall be at the city of Holbrook, Navajo Coun- ty, Arizona, with branch offices and places of bushes elsewhere, either within or without the Territory of Ari- zona, as may be designated and estab- lished by the Board of Directors, here- matter provided for.
 Article II.
 The general nature of the business proposed to be transacted, promoted and carried on is to do any or all of the things mentioned herein as fully and to the same extent as natural per sons might do, and in any part of the world. namely:
 To undertake and carry oE any busi- ness transaction or operation common ly undertaken or carried on by con tractors, capitalists, financiers, and generally to institute, enter into, carry on, assist, promote or participate in ti- nancial, commercial, mercantile, indus trial or ot her business, works contracts, undertakings and operations; to hold in trust, make advances upon, sell or dispose of any of the undertakings or resulting investments aforesaid, and to act as agent for any of the above or like purposes. To obtain the grant of, purchase or otherwise acquire any con- cession, rights, patents, privileges ex- elusive, or otherwise, authorize under tahings or businesses, or any right, option or contract in relation thereto, and to preform and fulfill the terms and conditions thereof, and to carry the same into effect, operate thereun- der, develop and turn to account, main tain or sell, dispose of and deal with the same.
 To build, acquire, own or operate hO- tels and st ores; to manufacture, supply and deal in light, heat and power; to purchase or otherwise acquire, con- struct, equip, lease. and operate plants for the generation, distribution and sale of electricity for any and all pur- poses, and plants for the generation and distribution of electrical power.
 To acquire, hold and in any and every manner deal with mining lands and locations of every character, water rights and water appropriations and conduct all business appurtenant thereto.
 And in general to acquire, own, hold and deal in any and every kind of prop Ierty, whether real or personal, and to tengage in any and every business ideemed by the Board of Directors necessary, requisite. useful or convent ent in carrying on the general objects and purposes of the corporation.
 ! To acquire, hold and deal in the capital stock of this or any other cor poration; to borrow money, incur in- debtedness and secure the same by mortgage or otherwise, and issue such evidences thereof as to the Board of Directors may appear Iroper or advis- able, and to do any and all the things herein mentioned to the same extent as natural persons might or could do as principals, agents, contractors, trustees or otherwise, and either alone or in company with others, and to car ry on any other business not forbidden by the laws of the Territory of Arizona.
 Article ILL
 The amount of the Capital stock of this corporation shall be One Hundred Thousand Dollars [$l00,00O 00l, divided into twenny [20,O00l thousand shares of the par value of Five $5.O0] Dollars each: which when issued shall be full paid and non-asessa ble. Said capital