The Coconino sun., 1915-12-10

NOSOihiiO Souuey, AIiIOH1, Joiih Adl- aha, Flagstaff, Coconino county, Ari- zona.
 ARTICLE III
 The principal place of business of this corporation shall be at it's 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, horses, mules, and other live stock, 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 live stock, and the products and by-products thereof. 8. The leasing to others of all kinds of live stock.
 4. The purchasing, leasing and ac- quiring 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 judgment of its Board of Directors may be desirable for the carrying on and maintenance of its general business.
 5. To mortgage or pledge any or all of it's property to such extent and at such times as its 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 V 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 thirty thousand dollars, ($30, 100000 divided into shares of the par value of one hundred ($10O.0O.) 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 author ize and cause stock to be issued in ex- change for real or personal property and the judgment 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 two or more persons, who shall be elected at a meeting of the stockhold- CTS held on the first Tuesday in the month of January of each year, be- ginning with the year 1916. ARTICLE VIII
 The private property of the stock holders shall be forever exempt from corporate debts of any kind what ever.
 ARTICLE TX
 The officers of the corporation shall be a president 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 constitute the Board of Directors until the first an- nual election, to-wit:
 Robt. c. Wente and John Zalaha.
 The officers of said corporation who have been selected and shall serve un- til their successors have been elected and duly qualified are as follows:
 Robt. c. Wente, President. l John Zalaha, Secretary and Treas urer.
 The Board of Directors shall have the power to fill vacancies in its mem- bership and in the offices of the corpo- ration.
 The Board of Directors may adopt