The Coconino sun. (Flagstaff, Ariz.) 1898-1978, 1913-09-12


capital stock of this corporation
h al be One Hundred Fifty
Thousand Dollars, (Sl50. 000.0 0). d.
vided into shares of the par value
of One Dollar, ($1.00), each. Such
stock shall be issued under the
direction of the Board of Direc-
tors and shall be fully paid at the
time of delivery. The Board of
Directors may direct. authorize
and cause the stock Of this corpora
tion to he issued in exchange for
real OF personal property, services,
or any valuable right or thing for
the uses and purposes of this cor
poration, and in the absence of
actual fraud in the transaction the
judgment of the Board of Direc.
tors as to the full value of such
property, service, right or thing
shall be exclusive.
vi.
The time of commencement of
this corporation shall be the date
of the filing of these Articles of
Incorporation in the Office of the
Corporation Commission of the
State of Arizona, and certified
copy thereof recorded in the office
of the county recorder of Coconino
county. Arizona, and a certificate
of incorporation delivered to said
company by said Corporation Com
mission. and the termination there
Of sh al be twenty-five years
thereafter, with the privilege of
renewal as provided by law.
VII.
The business affairs of this cor
poration shall be conducted by a
Board of Directors. consisting of
three persons, who shall be stock
holders in this corporation, and
who shall be elected at a meeting
of the stock holders held on the
first Tuesday in the month of JAN
uary of each year. beginning with
the year 1914.
J VIII.
The officers of this corporation
shall be a president, general
manager, a secretary and treasurer.
| The same person may be chosen to
| fill two or more of said offices.
TX.
The following named persons
have been selected and shall con-
stitute the Board of Directors until
the first annual election: D. H.
Jones, John Marshall and W. W.
| Durham.
The officers of said corporation
who have been selected and shall
serve until their successors are
duly elected, are as follows: Presi-
! dent and General Manager. Geo.
E. Triggs; Secretary, W. W. Dur
nam; Treasurer, John Marshall,
XI.
The Board of Directors shall
have the power to fill vacancies in
its membership and in the Offices
of the corporation. The Board of
Directors may adopt a common
seal and shall adopt bylaws and
may amend or repeal the same,
and shall have the power and au-
tbority to transact any business.
within the power of the corpora
ton, and to delegate such power
; and authority as it may deem ex-
pedient to any officer or agent of
the corporation, ievoking the same
at will.
XII.
The highest amodnt of indebted
ness or liability, direct or con-
tingent, to which this corporation
shall be subject at any one time
shall be Ninety-Nine Thousand
Dollars. 1899, 100000.
Kill.
The private property of the
stock holders and officers of this
! corporation shall be exempt from
all corporate debts of any kind or
nature whatsoever.
In Witness Whereof, We have
hereunto set cur hands this 18th
day of August, A. D.. 1913.
W. w. Durham,
Geo. E. Triggs,
D. H. Jones,
John Marshall.
State of Arizona, 60
County of Coconino,
Before me, w. F. Griffin. a no.
tary public, in and for the County
of Coconino, State of Arizona, on
this day personally appeared John
Marshall, D. H. Jones, W. w. Dur
ham and Geo. f Tliggs, all of