The Coconino sun., 1915-06-25

Board of Directors at any other plac,
in the State of Arizona.
ARTICLE w
The purpose of this corporation ant
the principal nature of the bushes.
proposed to be transacted, is:
L. The purchasing, leasing ant
otherwise by any and all Lawful
means acquiring sheep, cattle, horses
mules and other livestock, the running
and maintenance thereof, and the
sale, or other disposition of the same
together with the increase, wool
pelts, hides and other products and
by-products thereof.
2. The sale for others, upon COM
mission, of all kinds of livestock, and
the products and by-products thereof
8. The leasing to others of all
kinds of livestock.
4. The purchasing, leasing and 40
quiring by any and all lawful means
ranges, ranches, and all other kinds of
real property, water, water rights, land
personal property Of every sort and
description that in the judgment of
its Board of Directors may be desir-
able for the carrying on and mainten-
ance of its general business.
5. To mortgage or pledge any of
it's property to such extent and at
such times as it's stockholders may
see fit.
6. To do all and everything neces-
sary for the accomplishment of any
of the purposes or the furtherance of
any of the powers hereinbefore set
forth either as principal or agent.
ARTICLE
The time of commencement of this
corporation shall be the date of the
issuance to it of certificate of incor-
poration by the Arizona Corporation
Commission and shall terminate
twenty-five years thereafter.
ARTICLE vi
The amount of capital stock of this
corporation shall be Fifty Thousand
$50, O0O.00) Dollars, divided into
shares of the par value of one hun
dred ($100.00) dollars each. Such
stock shall be issued under the direc-
ton of the Board of Directors and
shall be fully paid up at the time of
delivery
The Board of Directors may author
ize and cause to be issued in exchange
for real or personal property, and the
judgment of the Board of Directors
as to the value of such property shall,
in the a sence of fraud, be conclusive.
ARTICLE VII
The prudential and business affairs
of the corporation shall be conducted
by a Board of Directors consisting of
three persons who shall be elected at
a meeting of the stockholders held
on the first Tuesday in the month of |
January of each year beginning with |
the year 1916.
ARTICLE VIII
The private property of the stock
holders shall be forever exempt from |
debts of any kind what
ever.
ARTICLE TX
The officers of this corporation shall
De a President and General Manager,
and Secretary and
Treasurer, the same persons may be
chosen to fill any two offices.
ARTICLE X
The following named persons have
,een selected and shall constitute the
Board of Directors until the first an
lual election, to-wit:
Leo NJ. Hoghe, Thomas H. Wagner
md Mrs. Josephine Wagner.
The officers of said corporation who
lave been selected and shall serve
Until their successors have been cleo
ed and duly qualified are as follows:
Leo M. Hoghe, President.
Thomas H. Wagner, Vice-President
md General Manager.
Mrs. Josephine Wagner, Secretary
md Treasurer.
The Board of Directors shall have
he power to fill vacancies in it's men,
,ership and in the offices of the cor
,oration.
The Board of Directors may adopt
| common seal and may adopt by
avs and may amend or repeal same,
md shall have the power and author
ty to transact any business within
he power of the corporation and to
lelegate such power and authority as
t may deem expedient to any officer
# the corporation.
ARTICLE XII
The highest amount of indebted
less and liability direct or contingent
o which the corporation is at any
ime to subject itself is in the sum of