The Coconino sun. (Flagstaff, Ariz.) 1898-1978, 1914-07-31

timber and all fuel and material necessary and
Appropriate to be used in connection with, and In
carrying on the business Of this corporation.
Also to take. hold. own and sell otherwise
| dispose of, all lands and property which 1t may
| acquire by gift, or grant q subsidy or other
wise. from any source
Also, to lawfully acquire by purchase or other
wise. and hold and own. the capital stock or
securities, or any part Of the capital stock or
securities Of this. any other railroad corpor-
alton corporations.
, to be constructed. owned and operated BY this
corporation including the branches. Is A. nearly.
a. can be estimated. two thousand one hundred
, and twenty-ons miles t2lzl. and the estimated
cost OF constructing and equippng the same 10
One Hundred and Six Million Five Hundred Thou
sand Doliaa ulos. w. oVoSoJ.
ARTICLE vH.-Ths general place Of bushes
Of this corporation, and the place whore the
meetings Of the stockholders shall DO held shall
BE- At 8aN Lake Ctty In the County Of Salt Lake
In tAs State Of Utah, but the corporation may
have offices slssvhsrs At which meetings Of the
board Of dirsotors may BE- held. and such Of it,
business may b carried shall be detsr-
mined By il beard Of directors.
ARTICLE vIu.-Esch party 70 this Agreement
has subscribed for and agreed 70 Jake the amount
and number Of shares Of the capital stock Of this
corporation st against his nams. and - pay fer
the same In eaah or In properly. or In cash
and proDsrg. to b acquired By the corporation
follows:
DAVID C. COLLIER, s sharss,, amount $see,
cash $3.50.
HERBERT. A. PARKYN. slooo share. amount
s2.loo.soo. cash Slsso.o>e. prspsrty ssls.eee.
HERBERT A. PARKYN. 80 shares. Amount
SAMUEL 5. SHERMAN. s shares. amour, ,sos.
cash $500.
CHARLES c. cARNARAN. Z shares. amour,
$780, cash $500.
AUGUST H. BUNGE. shares. amount $500.
cash $500.
ED FLETCHER. s shares. amount $500. cash
$500.
JOHN e. CARNAHAN. , shares. amount $500.
HENRY B. RErrIE. share. amour, nea
THOMAS NARLoNEAUx. l share. amount ,iso.
cash 500
and the property SO to b acquired by this cor
porstion In consideration Of and By virtue Of the
above and foregoing subscription Of Herbert A.
Psrkyn fer niss hundred and seventy O7O
shares Of said capital stock, fully paid. and In
further payment of two hundred and ten thou
sand dollars (S2loooo) account Of the sub
scription of Herbert A. Parkyn for twenty -ons
thousand (2l 0o0) shares Of said capital stock. are
surveys and maps Of the lines Of said proposed
railroad. and reports and data containing de-
tailed Information concerning the territory through
which said main lines and branch lines will
run, and the resources Of said territory which
reports. data and Information are necessary to
the carrying on Of the business Of this oorpor-
alton. The said property 30 to b acquired BY
this corporation, and hereinbefore described, is
Of the fair cash value Of Three Hundred Seven
Thousand Dollars ssoI' 0oe)' the same to be as
signed. transferred and conveyed to this corpor-
alton in consideration Of the issuance and de.
livery by 1t of the nine hundred and seventy
C!Io) shares OF the fully paid capith stock above
subscribed for by the said Herbert A. Parkyn.
to be paid by property, and credit of
hundred and ten thousand dollars (s2l0. 000) by
this corporation on the above subscription of the
said Herbert A. Psrkyn for twenty -one thousand
2l.oo0 shares of the capital stock Of this
poration.
The amount Of the capital stock of this cor
porstion shall be two million two hundred thou
sand dollars 1900, 0oO) which shall be divided
into and represented by q. 200 shares Of the par
value of One Hundred Dollars (sloo. oo) each.
ARTICLE x.-Ths officers OF this corporation
shall consist Of q board OF nine directors q
President, . First Vice-President. q Second Vice
President, q General Counsel, a Secretary and a
Treasurer.
All tho directors shall be stockholders of the
corporation. and the President and Vice Presidents
shall be members of the Board OF Directors The
Secretary and Treasurer and General Counsel may
be elected from the Board Of Director or not,
a. the Board may determine. and the offices Of
Secretary and Treasurer may be held by one and
tho same person Five Directors shall constitute
4 quorum Of the Board OF Directors for the
Transaction Of business. and shall, when properly
assembled. Be authorized and empowered to use
and exercise all Of the corporate powers of this
corporation.
stockholders of this corporation held on the first
wednesday after the first Tuesday In the month
Of June in each year hereafter. at such time and
at sach place In the City Of Salt Lake. In the
County Of Salt Lake and State Of Utah. a. the
Board Of Directors may. in the bylaws to BE-
ADOPTED BY them. fix and determine, at which
general meetings the board OF directors for the
ensuing year shall b elected BY ballet, and such
ether business may bs transacted As may prop
erly come before ne said meeting. Immediately
AFTER the slectisn Of the board Of directors, the
Secretary Of the meeting shall notify the direct
ors Of their election, and Within thirty days
thereafter, they ahall meet and organize a.
beard. and shall elect the officers Of the corpor-
alton hsrsinbefore provided for.
The board Of directors elected at such annual
meeting and all other officers above named. shall
hold office for the term Of one year. and until
their succsssoS elected and qualified, unless
removed a. hereinafter provided
The board Of directors shall have power to
manage and control the busiusas and Attain Of
the corporation. to make exercise and issue
bonds and obligations for the payment Of money
and to secure the same By mortgage, lien or
pledge on all or any portion Of the corporstion's
property, acquired. or to be acquired; TO appoint
an assistant secretary and assistant treasurer;
to incur all Indebtedness and make all contracts
necessary and proper to carry into effect the
objects and purpose Of the corporation, and to
adopt and change such by-laws not inconsistsu,
with the laws Of the State Of Utah. a. they may
deem proper for the Management Of the Affairs
OF the corporation. and generally to exercise all
powers conferred upon boards Of directors Of
railroad corporations BY. the laws Of the State of
Utah.
director or other officer Of this corporation
may BE- removed from office as may BE- provided
In the bylaws. and II not so provided, then a
10 provided by the Statutes of the State Of Utah
and either or any Of said officers or director
may resign By filing . written resignation with
the secretary of the corporation five days before
the same IL to take effect. but the board may
accept such resignation shorter notice
Vacancies In the Board Of Directors, caused
by removal By . vote Of the stsckholdsrs, may
bs filled By q vote Of q majority Of the stock
represented At the meeting whom the removal IL
made; all other vacancies. whether caused By
resignation removal. death disability Of al.
rectors or officers. may be filled BY the Board
of Directers
The following named persons shall be officer,
Of this corporation. to until the first zen
eral election for directors. and until their sue
cessors are elected and qualified
DAVID G. COLLIER. President and Director
HERBERT A. PARKYN. First Vice President
and Director
AUGUST H. BUNGE. Second Vice President
and Director.
CHARLES c. cARNAHAN, General Counsel
and Director.
SAMUEL 8. SHERMAN. Secretary and Treas.