The Coconino sun. (Flagstaff, Ariz.) 1898-1978, 1915-06-18


mining, milling, smelling and refining
company in all its branches; to do a
general real estate, manufacturing
and mercantile business; to own,
handle, and control letters patent and
invention and shares of its own capital
stock; to issue bonds, notes, debent-
ures and other evidences Of indebted
ness and to secure the payment of the
same by mortgage, deed of trust or
otherwise; to act as agent, trustee,
broker, or in any other fiduciary cap
acity; to borrow and loan money; and
in general to do and perform such
acts and things and transact such
business, not inconsistent with law, in
any part of the world as the Board of
Directors may deem to the advantage
of the corporation.
ARTICLE w. The authorized cap
ital stock of this corporation shall be
One Million ($1,O00,000.00) dollars,
divided into One Million Il ,00O,0 0O)
shares of the par value of One ($1.00)
dollar each. At such times as the
Board of Directors may by resolution
direct, said capital stock shall be paid
into this corporation, either in cash
or by the sale and transfer to it of
real and personal property, contracts,
services, or any other valuable right
or thing for the use and purposes of
said corporation, in payment for
which, shares of the capital stock of
said corporation, may be issued, and
the capital stock so issued shall there
upon and thereby become and be fully
paid up and worcestershire forever,
and in the absence of actual fraud in
the transaction the judgment of the
Directors as to the value of the pro-
perty purchased shall be conclusive.
ARTICLE v. The time of the COM
mencement of this corporation shall
date from the date of the filing of the
certified copy of these Articles of In
corporation in the Office of the County
Recorder of Coconino County, State
of Arizona, and the termination there
of shall be twenty-five years there
after, with the privilege of renewal
as provided by law.
ARTICLE vi. The affairs of this
corporation shall be conducted by a
Board of Directors, and such officers
as the Directors may elect or appoint,
and the following named shall con-
stitute the Board of Directors until
their successors are elected and have
qualified: George w. Mccormick, Fred
Hensing, Jr., C. D. Dawson and Fran
els D. Cradle. Thereafter the Board
of Directors shall be elected from the
stockholders at the annual Stockhold-
ers' meeting to be held on the First
Tuesday in December of each year.
The names of the officers who shall
have charge of the corporate affairs
are: George w. Mccormick, Presi-
dent, Fred Hensing, Jr., Vice Presi-
dent, C. d. Dawson, Treasurer and
Francis d. Cradle, Secretary.
ARTICLE VII. The board of Di-
rectors shall have the power to adopt
and amend Bylaws for the govern
ment of the corporation, to fill vacan-
cies occurring in the Board from any
cause, and to appoint an Executive
Committee and vest said committee
with such powers as they may de-
termine.
ARTICLE VIII. The highest
amount of indebtedness or liability,
direct or contingent, to which this
corporation shall be subject at any
one time shall be Four Hundred
Thousand ($4OO,OOO.O0) dollars.
ARTICLE TX. The private property
of the stockholders and officers Of
this corporation shall be exempt from
all corporate debts of any kind what
soever.
ARTICLE X. The names, resi-
dences and postoffice addresses of the
corporators are:
George w. Mccormick, Flagstaff,
Arizona.
Fred Hensing, Jr., Flagstaff, Ari-
IONA.
C. D. Dawson, Flagstaff, Arizona.
Francis D. Cradle, Flagstaff, Ari-
IONA.
In Witness Whereof, We have here
unto set our hands and seals this 22nd
day Of May, A. D. 1915.
(SeaD
GEO. w. MCCORMICK,
(SeaD
FRED HENSING, Jr.
(SeaD
C. D. DAWSON,
(SeaD
FRANCIS D. CRADLE.
A