The Coconino sun., 1915-03-19
PAGE THREE

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 stockhold- CTS may see fit.
 6. To do all and everything necessary for the accomplishment of any of the purposes of the fur therance of any of the powers here inbefore set forth either as prin- cipal 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 Corporation Commission and shall terminate twenty-five years there after.
 Article VI
 The amount of capital stock of this corporation shall be Seventy Five Thousand 5000 00) dollars, divided into shares of the par value of One Hundred ($l0000) dollars each. Such stock shall be issued under the direction of the Board of Directors and shall be fully paid fer at the time of delivery.
 The Board of 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 conclusive.
 Article VII
 The prudential and business affairs of this corporation shall be conducted by a Board of Directors consisting of three persons who shall be elected at 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 stockholders shall be forever exempt from corporate debts of any kind whatsoever. Article TX
 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 constitute the Board of Directors until the first annual election, to-wit:
 T. E. Pollock, A. H. Miller 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:
 T. E. Pollock, President.
 A. H. Miller, Vice-Pres. and Gen. Mgr.
 John Zalaha, Secretary and Treas urer.
 The Board of Directors shall have the power to fill vacancies in its membership and in the offices of the corporation.
 The Board of Directors may adopt common seal and may adopt bylaws and may amend or repeal the same and shall have the power and authority to transact any busi- ness within the power of the corpo- ration and to delegate such power and authority as it may deem ex-. pedient to any officer of the corpo- ration.
 Article Xl
 The highest amount of indebted ness or liability direct or conting- ent, to which the corporation is at any time to subject itself is the sum of Fifty Thousand 1850, ,OUO. OO) dollars.
 In Witness Whereof we have hereunto set our hands this 9th day of March A. D. 1915.
 T. E. Pollock, A. H. Miller,
 John Zalaha. State of Arizona. m County of Coconino '''
 This instrument was acknowl- edged before me his Sth day of March A. D. 1915, by T. E. Pollock, A. H. Miller and John Zalaha, whose names are affixed to same. (Notarial Seal)
 Robert J. Kidd,
 Notary Public. My commission expires March 19, 1916.
 Filed in the office of the Arizona Corporation Commission this 10th | day of March A. ID. 1915 at lO.OO