The Coconino sun., 1914-07-17

timber and all fuel and material necessary and
 appropriate to be used in connection with, and in carrying the business of this corporation.
 Also to take, hold. and sell otherwise dispose of. all lands and property which 1t may
 acquire by gift, grant subsidy other |, wise from any
 1 Also, to lawfully acquire by purchase other | wise, and hold and own, the capital stock or ' securities, any part of the capital stock or , securities of this or any other railroad eorpor-
 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 be estimated two thousand one hundred ] and twenty-one miles t2l2l, and the estimated
 cost of constructing and equlpping the same is ! One Hundred and Six Million Five Hundred Thou.
 sand Dollars (sl06, ,500, 900. 00). | ARTICLE VIL-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 i have offices elsewhere. at which meetings of the
 board of directors may be held and such of its i business may be carried shall be deter
 mined by its board of directors. l ARTICLE yIII-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 name, and to pay for ! the same in cash or in property, or in cash
 and property, to be acquired by the corporation | as follows:
 DAVID C. COLLIER, shares. amount $500. ! cash $500.
 HERBERT. A. PARKYN, 2l,ooO shares amount s2loo. 900. cash si.sso,ooo property s21o.ooo. , HERBERT A. PARKYN, s7O shares. amount 1 1000, property s97.000.
 SAMUEL S. SHERMAN, shares, amount $500. cash $500
 CHARLES c. CARNAHAN. shares. amount l $500, cash $500.
 , AUGUST H. BUNGE, 5 shares amount $500, cash s5O0.
 ED FLETCHER, shares, amount $500. cash | $500.
 JOHN E. cARNAHAN. shares, amount $500.
 HENRY B. RETTIE. 1 share. amount ,lOO. | cash sl00.
 THOMAS MARLoNEAUX 1 share. amount sloo, cash sl00.
 , and the property so to be acquired by this cor { poration in consideration of and by virtue of the : above and foregoing subscription of Herbert A. | Parkyn for nine hundred and seventy ls7o) shares of said capital stock, fully paid, and in . further payment Of two hundred and ten thou sand dollars G2lo,ooo) on account of the sub scription of Herbert A. Parkyn for twenty y-one thousand HOOD 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 corpor- ation. The said property to be acquired by , this corporation, and hereinbefore described is ! Of the fair cash value of Three Hundred Seven Thousand Dollars Cs307, 0OO). the same be signed, transferred and conveyed to this corpor- ation. in consideration Of the issuance and de- livery by it of the nine hundred and seventy ! ts7O) shares of the fully paid capital stock above subscribed for by the sad Herbert A. Parkyn. to be paid by property, and credit of two hundred and ten thousand dollars s2lOOoO) by this corporation on the above subscription of the said Herbert A. Parkyn for twenty thousand l.o00) shares Of the capital stock of this poratioD
 The amount of the capital stock of this cor poration shall be two million two hundred thou sand dollars @, 200, 000) which shall be divided into and represented by g, 900 shares of the par value of One Hundred Dollars oO) each ARTICLE lX.-The officers of this corporation shall consist of board of nine directors, a President. a First vice-President, a Second Vice. President. General Counsel, a Secretary and a 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, as the Board may determine, and the offices of Secretary and Treasurer may be held by one and the same person Five Directors shall constitute a 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 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 such place fin 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 as a board and shall elect the officers of the corpor- ation hereinbefore 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 successors are 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 corporation'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 objee:s and purpose of the corporation, and to adopt and change such bylaws not inconsisten, | with the laws of the State of Utah, as they may | deem proper for the management of the affairs or 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 if not provided, then as | Is provided by the Statutes of the 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 on 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- cessors are elected and qualified:
 DAVID c. COLLIER, President and Director
 HERBERT A. PARKYN, First Vice President and Director
 AUGUST H. BUNGE Second Vice President and Director.
 CHARLES C. CARNAHAN, General counse, and Director.
 SAMUEL, g SHERMAN Secretary ana Trao