The Coconino sun. (Flagstaff, Ariz.) 1898-1978, 1915-02-12

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wholesale and retail merchandise of
all kinds; to buy, sell, wholesale
and retail all kinds of wares, goods,
merchandise, and commodities Of
every nature and kind; to purchase.
hold, sell. improve, and lease real
estate, and to mortgage and encum-
Der the same, and to erect, build,
construct, manage, care for, and
maintain, extend and alter build
ings thereon, and to do everything
necessary to be done in the con-
Quoting. operating, and managing
a general merchandise business.
To borrow and loan money neces-
sary to carrying on said business,
and to execute and take notes for
the same. and to secure the pay
ment Of said notes by mortgage,
deed, or otherwise.
The authorized amount of the cap
ital Stock of this Corporation shall
BE- One Hundred Thousand Dollars.
($l00, 900. 00. divided into shares
of the par value of One Hundred
Dollars each, Of which capital stock
Fifty-fve Thousand Dollars ($55,
600. 00), shall be paid in before this
Corporation shall commence bust
ness. Such stock shall be issued
under the direction of the Board of
Directors, and shall be fully paid
at the time of the delivery. The
Board of Directors may direct,
authorize and cause the stock of
this Corporation to he issued in ex-
change for real and personal pro-
perty, services, or any valuable
right or thing for the uses
and purposes of this Corpora.
ton, and in the absence Of actual
fraud in the transaction the judg-
ment of the Board of Directors as
to the full value of such property,
service, right or thing shall be ex-
elusive.
The time of the commencement
OF this corporation shall be the date
of the filing of these Articles of In
corporation in the Office of the Cor.
poration Commission of the State
of Arizona, and a certified copy
thereof recorded in the office of the
County Recorder of Coconino Coun-
ty, Arizona, and a certificate of in
corporation delivered to said COM
pany by said Corporation Commits
sion, and the termination thereof
shall be twenty-five years there
after, with the privilege Of renew
al, as provided by law.
The business affairs of this Cor
poration shall be conducted by
Board of Directors, consisting of
two persons. who shall be stock
holders in this Corporation. and
who shall be elected at a meeting
of the stockholders held on the first
Tuesday in the month of January
of each year. beginning with the
year 1915.
8. :
The officers of this Corporation
shall be presi dent, general man.
ager, secretary, and a treasurer.
The same person may be chosen to
fill two or more of said Offices.
The following named persons
have been selected and shall con-
stitute the Board of Directors until
the first annual election: M. Her.
man and Joseph Blumberg.
10.
The officers of said Corporation
who have been selected and shall
serve until their successors are duly
elected, are as follows: President
and General Manager. Joseph Blum
berg; Secretary and Treasurer M.
Herman.
IL.
The Board of Directors shall have
the power to fill all vacancies in its
membership and in the offices of
the Corporation. The Board Of Di-
rectors may adopt common seal,
and shall adopt bylaws, and may
amend or repeal the same, and
shall have the power and authority
to transact any business within the
power of the Corporation, and to
delegate such power and authority