The Coconino sun., 1914-07-24

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 take, hold own and sell or otherwise dispose of, all lands ana property which it may acquire by gift or grant as a subsidy or other wise, from any source.
 Also to lawfully acquire by purchase other wise, and hold and own, tho capital stock or securities, or any part Of the capital stock or i securities Of 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 as nearly, as can be estimated, two thousand one hundred and twenty-one miles (2l2l), and the estimated
 cost of constructing and equiDping the same is One Hundred aud Six Million Five Hundred Thou sand Dollars (Sl06. .5OO, ,O00 0OJ.
 ARTICLE vH.-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 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 cssh or in property. or in cash and property. to be acquired by the corporation follows:
 DAVID c. COLLIER, 5 shares. amount $500. | cash $500
 HERBERT. A. PARKYN. 2l.oOO shares. amount
 s2, 1oOO 900. cash .OOO property s21o.oOO
 HERBERT A. PARKYN, s7O shares amount $97 900, property $97. 600.
 SAMUEL s. SHERMAN, shares. amount $500. cash $500
 CHARLES c. cARNAHAN. shares, amount $500. cash $500.
 AUGUST H BUNGE, shares. amount $500
 cash $500
 ED FLETCHER, 5 shares. amount $500. cash $500.
 JOHN E. cARNAHAN. 3 shares, amount $500. cash $300.
 HENRY B. RETTIB. share. amount slOO , cash SIO0.
 THOMAS MARLONEAUX, l share, amount Sl00 cash Sl0O.
 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 (97O) shares of said capital stock, fully paid. and in further payment of two hundred and ten thou | sand dollars G2l0.000J account of the sub
 scription of Herbert A. Parkyn for twenty zone
 thousand t2lO)0) shares Of said capital stock. are I surveys and maps of the lines ot 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 to
 the carrying of the business of thls corpor- l 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 (S3O7 OOOj, the to be as-
 signed, transferred and conveyed to this corpor-
 atiOn in consideration of the issuance and de-
 livery by 1t Of the nine hundred and seventy t97O) shares of the fully paid capital stock above
 subscribed for by the said Herbert A. Parkyn. to be paid by property, and a credit of two
 hundred and ten thousand dollars (s2lO, ,OOO) by
 this corporation on the above subscription of the l said Herbert A. Parkyn for twenty-one thousand l l2l,O0O shares Of the capital stock of this cor pOration.
 The amount of the capital stock Of this cor poration shall be two million two hundred thou
 sand dollars (22O0, ,O00) which shall be divided { into and represented by 22,0OO shares of the par
 value Of One Hundred Dollars (Sl0O.OO) each. ] ARTICLE IX.-The officers of this corporation shall consist of board Of nine directors, a
 President, First yce-President Second Vice ! President, a General Counsel, Secretary and a
 Treasurer.
 corporation, and the President and Vice Presidents ! shall be members of the Board of Directors. The l Secretary and Treasurer and General Counsel may 1 be elected from the Board Of Directors, or 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 l and exercise all of the corporate powers of this 1 corporation.
 There shall be a general meeting of the ! stockholders of this corporation held on the first 1 Wednesday after the first Tuesday in the month i of June in each year hereafter at such time and | at such place in the City of Salt Lake, in the 1 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 may prop l 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 1 hold office for the term of year. and until | their successors are elected and qualified unless | removed as hereinafter provided. i 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 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
 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 1 powers conferred upon boards of directors of
 railroad corporations by the laws of the State of
 Utah
 director other officer of this corporation may be removed from office as may be provided l in the bylaws and If not rrovided then as ] is provided by the Statutes Of State of Utah and either or any of said officers or directors 1 may resign by filing a written resignation with
 the secretary of the corporation, five days before 1 the same is to take effect, but the board may | accept such resignation shorter notice i Vacancies in the Board of Directors, caused | by removal by a vote of the stockholders. may 1 be filled by a vote of a majority of the stock i 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 Counsel
 and Director.
 , SAMUEL s, SHERMAN, Secretary and Treas