The Coconino sun., 1915-07-09

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 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
3. The leasing to others of all
kinds of livestock.
4. The purchasing, leasing and &C.
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
its 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
| ($50,000.0O Dollars, divided into
shares of the par value Of one hun
bred ($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 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
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
corporate debts of any kind what,
ever.
ARTICLE TX
The officers of this corporation shall
be President and General Manager
ce-President and Secretary and
| Treasurer, the same persons 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:
Leo NJ. Hoghe, Thomas H. Wagner
and Mrs. Josephine Wagner.
The officers of said corporation who
have been selected and shall serve
until their successors have been cleo,
ted and duly qualified are as follows
Leo NJ. Hoghe, President.
Thomas H. Wagner, Vice-President
and General Manager.
Mrs. Josephine Wagner, Secretary
and Treasurer.
The Board of Directors shall have
the power to fill vacancies in its mem.
bership and in the offices of the cor.
poration.
The Board of Directors may adopt
common seal and may adopt by,
laws and may amend or repeal same
and shall have the power and author,
ity to transact any business within
the power of the corporation and to
delegate such power and authority as
it may deem expedient to any officer
of the corporation.
ARTICLE XII
The highest amount Of indebted.