The Coconino sun., 1914-07-03

timber and all fuel and material necessary and appropriate to be used in conncc,ion with. and iI carrying the business Of this corporation.
 Also to take, hold, own and sell otherwise dispose of, all lands and property which it may acquire by gift, or grant as a subsidy or other w,se, from any 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 or this, or any other railroad corpor- ation corporations
 ARTICLE vI-The length of the railroad proposed to be constructed. owned and operated by this corporation. including the branches, Is nearly. as can be estimatea two thousand one hundred and twenty-one miles (2l2D and the estimated cost of constructing and equipping the same is One Hundred and Six Million Five Hundred Thou. sand Dollars (SlO6, 800 UO0. 00J.
 ARTICLE vIi.-The general place of business Of this corporation, and the place where the meetings of the stockholders shall be held, shall be at Salt Lake City in the County of Salt Lake. in the State Of Utah, but the corporation may have offices elsewhere. at which meetings of the board of directors may be held. and such of its business may be carried shall be deter mined by It's board of directors
 ARTICLE V!IL-Each party to this agreement has subscribed for and agreed to take the amount and number of shares Of the capital stock of this corporation set against his namc and to pay for the same In cash or in property, or in cash and property, to be acquired by tho corporation as follows:
 DAVID c. COLLIER. shares, amount $500, cash $500.
 HERBERT. A. PARKYN, 2l 900 shares. amount ,2, ,l0o. 900. cash sl. sS0. .OOO property s2lOOO0.
 HERBERT A. PARKYN, s7O shares. amount $9l 900, property s97. 900.
 SAMUEL s. SHERMAN. , shares, amount $500. cash $500.
 CHARLES c. CARNAHAN, { shares, amount S500, cash $500
 AUGUST II. BUNGE. 5 shares. amount $500. cash $500.
 ED FLETCHER, shares. amount $500, cash $500.
 JOHN E. cARNAHAN. shares. amount $500. cash s300.
 HENRY B. RErTIE. share. amount slOO cash Sl00.
 2. THOMAS MARLoNEAUX. share amount ,lOo cash Si0o
 and the property to be acquired by this poration in consideration of, and by virtue of the above and foregoing subscription Of Herbert A. Parkyn for nine hundred and seventy tgI0J shares of said capital stock. fully paid and in further payment Of two hundred and thou sand dollars (S2i0 0O0) account of the sub thousand t2l 000) shares Of said capital stock. surveys and maps of inc lines Of said proposed railroad, and reports and data containing de- tailed information concerning the territory through which said main lines and branch lines will run. and the resources of said territory which reports data and information necessary 10 the carrying on of the business of this corpor alton. The said property so to be acquired by this corporation and hereinbefore described. Is oi the illr cash value of Three Hundred Seven Thousand Dollars tS307 Oo1l, the be gued transfeTred and conveyed to this cvrpoF- alton in consideration of the issuance and de- livery by it of the nine hundred and seventy iS7oJ shares of the fully paid capital stock above subscribed for by the sad Herbert h. Parkyn 10 be paid by property, and credit oi two hundred and ten thousand dollars (S2l0OO0D By this corporation the above subscription Of the said HcrberI A !arkyu for twenty cone thousand l2loOOl shares Of the capital stock of this cor poratiOn
 The amount Of the cap,taI stock of this cor poration shall be two mi. ion two hundred thou sand dollars e 200, OOg) which shall be divided into and represented by 22,090 shares of the par value Of One Hundred Dollars t$l00ool each.
 ARTICLE iN.-The officers Of this corporation shall consist of board Of nine directors President. First Vice President a Second Vice President, a General Counsel, Secretary and Treasurer
 All the directors shall be stockholders of the corporation and the President and Vice Pres dents shall be members of the Board of Directors. The Secretary and Treasurer and General Counsel may be elected from the Board of Directors, not. tho Board may determine, and the offices of Secretary and Treasurer may be held by one and the same person Five Directors shall constitute 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.
 There shall be a general meeting of the stockholders or this corporation held the first Wednesday after tho first Tuesday in the month of June fin each year hereafter at such time and at such place in the City of Salt Lake, in the County of Salt Lake and State Of Utah, as 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 be elected by ballot, and such other business may be transacted as may prop erly come before the said meeting Immediately after the election of the board of directors the Secretary of the meeting shall notify the direct ors of their election, and within thirty days thereafter they shall meet and organize board. and shall elect the officers Of the corpor- ation herenbefore provided for.
 The board of directors elected at such annual meeting and all other officers above named, shall hold office for the term of year, and until their successors elected and qualified, unless removed as hereinafter provided.
 The board of directors shall have power to manage and control the business and affairs 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 corporaton's 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 bylaws not inconsistent with the laws of the State of Utah. they may deem proper for the management of the affairs of the corporation, and generally to exercise all
 
 railroad corporations by the laws of the State of Utah.
 director or other officer of this corporation may be removed from office may be provided in the bylaws, and if not rrovided, then as Is provided by the Statutes of inr State of Utah; and either or any of said officers or directors may resign by filing a written resignation with the secretary of the corporation, five days before the same is 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 stockholders, may be filled by vote of majority of the stock represented at the meeting when the removal is made; all other vacancies whether caused by resignation. removal, death or disability of di- rectors or officers. may be filled by the Board of Directors.
 The following named persons shall be officers of this corporation. to serve until the first gen. eral election for directors, and until their suc- elected and qualified:
 DAVID c. COLLIER President and Director.
 HERBERT A. PARKYN. First Vice President aud Director. AUGUST IT BUNGE. Second Vice President and Director.
 CHARLES c. cARNAHAN General Counsel and Director