The Coconino sun., 1912-11-01

states OF Utah, Wyoming, Idaho
and Montana, and the territories Of
Arizona and New Mexico, anc
while the owner of such stock, t
exercise all rights. powers anC
privileges of ownership, including
the right to vote thereon, and upor
a distribution of assets or division
of profits, to distribute any such
shares. bonds, securities or evil
dences of Indebtedness, or the pro-
ceeds thereof, among the stock.
holders of this company.
(9) To assign, sell, mortgage,
cucumber. pledge, transfer. or
otherwise dispose of, any right,
privilege, franchise, bonds, securi-
ties, real or personal property,
concessions, grants, profits or gen.
eral assets which it may acquire
to exchange its stock, bonds or
other property of whatsoever kind
or nature. for telephone exchanges,
telephone and telegraph equipment,
telephone and telegraph lines and
systems, in whatsoever state, ter
ritory, colony or country situated
and for rights, privileges and fran
chises to construct, equip, operate
and maintain telephone and tele-
graph lines and systems, in any
state or territory or colony of the
United States, or of any foreign
country.
(1U) To acquire by lease, pur-
chase, condemnation or otherwise,
and to own, hold, sell. mortgage or
otherwise dispose of, real and per-
sonal property as may be necessary,
convenient or proper for the sue
cessful conduct of the business for
which this company is organized.
QD To borrow money and in
cur such Indebtedness as in the
judgment of its board of directors
may be deemed necessary and
proper in the conduct of its bust
ness, and to issue its bonds, deben-
lures or other evidences of indebt-
edness therefor. and to secure the
p ~ IN n t h e f by
mortgage or deed of trust upon any
or all of the company's property,
real. personal or mixed. including
any and all rights, privileges or
franchises which it may own or ac-
quire.
az To take over. acquire, pur-
chase by deed, conveyance. assign
ment or otherwise, and in any man.
ner acquire, control. hold, own.
maintain, operate, improve or ex-
tend. the telephone lines, exchanges
and systems, franchises, rights of
way, physical properties and rights
and privileges of every kind and
character. owned or controlled by
the Rocky Mountain Bell Tele-
phone Company in the states of
Utah. Montana, Idaho, Wyoming
or elsewhere, and to use or operate
the same in connection with or in
dependently of the properties and
franchises of this company, located
elsewhere than in said states. and
to sell, mortgage. lease, or other
wise dispose of any such physical
property, franchise or rights so ac-
quired or to be acquired.
(13) To purchase, acquire and
take over as a going concern or
otherwise, and to carry on, main
tain and operate, all or any part of
the property. franchises, rights of
every kind and character or bust
ness, of any person. firm or corpo-
ration, possessed thereof, which can
be incidentally used for any of the
purposes of this company, or for
carrying on any business which
this company is authorized to carry
on. and as the consideration for
the same, to pay cash or to issue
any stock, debentures. bonds or
obligations of this company, and
in connection with any such trans
action to assume or guarantee any
liabilities relating to the business
or property, franchises, rights of
every kind or character. or bust
ness so purchased, acquired or
taken over, and likewise to issue
stock for services rendered to this
company, and stock issued in paw
ment for such property or services
shall be full paid stock, and not
liable to any further call or pay
ment thereon, and in the absence
of actual fraud in the transaction.
the judgment of the directors as to
the value of the property purchased
or services rendered shall be col
elusive.
(14) The board of directors may
10y resolution passed by majority
of the whole board. designate in
the manner provided in the by
avs. three or more of their num-
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