The Coconino sun., 1915-04-09

under the laws of the State Of Arl- zona, and for the furtherance of such purpose we hereby adopt the following Articles of Incorporation.
 Article l
 The name of this corporation shall be Sanford Live Stock Com pany.
 ARTICLE II
 The names, residences and post office addresses of the incorporators are as follows: T. E. Pollock, Flag staff, Coconino County, State of Arizona. A. Sanford, Flagstaff, , Coconino County, State of Arizona. John Zalaha, Flagstaff, Coconino County, State of Arizona.
 Article III
 The principle place of business of this corporation shall be at its office in the Town of Flagstaff, County of Coconino, State of Arizona. Branch offices may be established by the Board of Directors at any other place in the State of Arizona. Article w
 The purpose of this corporation and the principal nature of the business proposed to be transacted is:
 1. The purchasing, leasing and otherwise by any and all lawful means acquiring sheep, cattle, hor- ses. mules and other live stock, the running and maintenance thereof. and the sale or other disposition of the same. together with the in- crease, wool, pelts, hides and other products and by-products thereof. 2. The sale for others, upon commission. of all kinds of live stock, and the products and by-pro- ducts thereof.
 8. The leasing to others of all kinds of live stock.
 4. The purchasing, leasing and acquiring by any and all lawful means ranges. ranches and all kinds of real property. water, water rights, and personal property of every sort and description that in the judgement of its Board of Di- rectors may be desirable for the carrying on and maintenance of its general business
 5. To mortgage or pledge any or all of its property to such extent and at such times as its stockholders may see fit.
 6. To do all and everything ne- cessary for the accomplishment of any of the purposes or the further ance of any of the powers hereinbe- fore set forth either as principal or agent.
 Article V
 The time of commencement of this corporation shall be the date of the issuance to it of a certificate of incorporation by the Arizona Cor poration Commission and shall ter minate twenty-five years thereafter.
 Article VI
 The amount of capital stock of this corporation shall be three hun dred thousand (s3O0, ,000. 00) dollars, divided into shares of the par value of one hundred ($100.00) dollars each. Such stock shall be issued under the direction of the Board of Directors and shall be fully paid up at the time of delivery.
 The Board of Directors may auth ize and cause stock to be issued in exchange for real or personal pro. perty and the judgement of the Board of Directors as to the full value of such property shall. in the absence of fraud. be conclusive.
 Article VII
 The prudential and business affairs of the corporation shall be conducted by Board of Directors consisting of three persons who shall be elected at a meeting of the stockholders held on the first Tues day 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 corporate debts of any kind whatever.
 Article VIX
 The officers of this corporation shall be President, Vice President and General Manager and Secretary and Treasurer, the same person may be chosen to fill any two offices. Article X
 The following named persons have been selected and shall consti- tute the Board of Directors until the first annual election, to-wit:
 T. E. Pollock, A. Sanford and