The Coconino sun., 1914-07-10

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 own and sell or otherwise { dispose of, all lands and property which lt may
 acquire by gift. grant ,as a subsidy or other i wise, from any
 1 Also. to lawfully acquire by purchase other 1 wise. and hold and own, the capital stock or
 securities, any part of the capital stock or
 securities of this, or any other railroad corpor- | ation corporations.
 ARTICLE vI.-The length of the railroad proposed ! 10 be constructed. owned and operated by this 1 corporation, including the branches Is as nearly,
 be estimated, two thousand one hundred : and twenty-one miles t2l2i), and the estimated 1 cost of constructing and equipping the same IS l one Hundred and Six Million Five Hundred Thou. | sand Dollars (Sl06, 500 00O 00) i 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 1 mined by it's board of directors. | ARTICLE VIII-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 in property, or in cash
 and property. to be acquired by the corporation | as follows:
 DAVID C. COLLIER. 5 shares. amount $500. | cash $500
 l HERBERT A. PARKYN. 2l.OOO shares. amount ! s2l0o.O0O. cash q. ssO, 00o property s2l0,OOo. HERBERT A PARKYN, s7O shares, amount 1 SS7.O00. property s97,000.
 SAMUEL S. SHERMAN, 5 shares. amount $500. | cash $500 ! CHARLES c. CHAIRMAN. shares. amount | S500, cash S500.
 AUGUST II BUNGE. . shares, amount $500. ' cash $500.
 i ED FLETCHER, shares, amount $500, cash ' $500.
 JOHN E. CARNAHAN. shares, amount $500. [ cash $500.
 HENRY B RErTIE. 1 share, amount sIOo, cash SOC.
 THOMAS MARLoNEAUX. 1 share, amount sloo, cash SlO1
 and the property so to be acquired by th.s cor { poration in consideration of and by virtue of the
 above and foregoing subscription of Herbert A. ! Parkyn for nine hundred and seventy (97O) shares of said capital stock fully paid, and in further payment Of two hundred and tea thou ! sand dollars ts2IO, ,000l Of the sub- seription Of Herbert A. Parkyn for twenty thousand t2l,000) shares of said capital stock are surveys and maps Of the lines Ot said proposed
 railroad, and reports and data containing de- tailed information concerning the territory through
 whjch said main lines and branch lines will run and the resources of said territory which reports. data aud information necessary to
 the carrying on of the business of th.s corpor- ation. The said property to be acquired by this corporation, and hereinbefore described is of the fair cash value of Three Hundred Seven
 
 sgned transferred and conveyed this eorpor alton in consideration Of Che issuance and de- livery by il of the nine hundred and seventy i970) shares of the fully paid capital stock above subscribed for by inc said Herbert A Parkyu 10 be paid by property. and a credit of two hundred and ten thousand dollars tS2lO,0o0J by this corporation on the above subscription Of the said Herbert A. Parkyn for twenty -one thousand t2l.WOl shares ot the capital stock Of this DO raIion.
 The amount Of the capital stock Of this cor poraiion shall be TWO million TWO hundred thou sand dollars e. .0o) which shall be divided into and represented by g. 900 shares of the par value of One Hundred Dollars tslOOooj each.
 ARTICLE N.-The offices Of this corporation shall consist of board Of nine directors a President. First Vice President. Second Vice President. General Counsel 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 or not the 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 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 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 bc 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 ert thp off snft tha ation hereinbefore psovded 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 elected and qualified unless removed as hereinafter provided
 The board of directors shall have power to manage and control the business and affairs of 1 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 corporati tions property, acquired, or to be acquired to appoint an assistant secretary and assistant treasurer: 10 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, as 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 raiiroad corporations by the laws of the State of Utah
 A 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 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 he resignation, removal, death 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 until the first gen. eral election for directors, and until their suc- cessors elected and qualified:
 DAVID C. COLLIER, President and Director
 HERBERT A. PARkYN. First Vice President and Director
 AUGUST II. BUNGE Second Vice President and Director. CHARLES C. CARNAHAN General CounseI and Director. SAMUEL SHERMAN. Secretary and Treas.