The Coconino sun., 1915-04-23

ARTICLE III
 The principal place of business of this corporation shall be at its office in the town of Flagstaff, County of Coconino, State of Ari- zona. Branch offices may he estab. lished 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:
 I. The purchasing, leasing and otherwise by any and all lawful means acquiring sheep, cattle, horses, mules and other live stock, the running and maintenance there- of, and the sale, or other disposi- ton of the same, together with the increase, wool, pelts, hides and other products and bv-products thereof.
 2. The sale for others, upon commission, of all kinds of live stock, and the products and by- products thereof.
 3. 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 other kinds of real property, water, water rights, and personal proper ty of every sort and description that in the judgement 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 its property to such ex- tent and at such times as its stock holders may see fit.
 6. To do all and everything necessary for the accomplishment of any of the purposes or the further ance of any of the powers herein before 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 incorporation by the Arizona Corporation Commission and shall terminate twenty-five years there- after.
 ARTICLE VI
 The amount of capital stock of this corporation shall be Three Hundred Thousand (S3oo, 900. % ) dollars, divided into shares of the par value of one hundred (SIoo. oo) 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 deliv- cry.
 The Board ot Directors may authorize and cause stock to be issued in exchange for real or per- sonal property and the judgement of the Board of Directors as to the full value of such property shall, in the absence of fraud, be con. elusive.
 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 T tuesday in the month o January of each year beginning with the year 1916.
 ARTICLE VIII
 The private property of the stockholders shall be forever ex- empt from corporate debts of any kind whatever.
 ARTICLE TX
 The officers of this corporation shall be President and General Manager, Vice President and Sec. retary and Treasurer, the same persons may be chosen to fill any two offices.
 ARTICLE X
 The following named persons have been selected and shall con- stitute the Board of Directors un- til the first annual election, to.wit:
 Colin Campbell, T. E. Pollock and John Zalaha.
 The officers of said corporation who have been selected and shall serve until their successors have been elected and duly qualified are as follows:
 Colin Campbell, President and General Manager.
 T. E. Pollock, Vice-President.