The Coconino sun., 1916-08-25

THE COG
established by the Board of Directors
ut any other place in the State of
Arizona.
ARTICLE ~
The purpose of this corporation and
the principal nature of the business
proposed to be transacted is:
]. To carry on and conduct gem
eral merchandise business and trad
ing post, to handle wholesale and re-
tail merchandise of all kinds, to buy,
sell, barter and trade, wholesale and
retail, all kinds Of wares, goods, mer-
chandise and commodities of every
nature and kind. To buy, hold and
sell live stock.
2. To purchase, hold, sell, improve
and lease real estate, to mortgage and
cucumber the same, and to erect,
build, construct, manage, care for and
maintain, extend and alter buildings
thereon, and do everything necessary
to be done in the conducting and man.
aging a general merchandise business
and trading post.
8. To borrow and loan money nee
essary to carry on such business and
to execute and take notes for the
same, and to secure the payment of
said notes by mortgage, deed or 9TH
erwise.
ARTICLEV
The time Of commencement of this
corporation shall be the date of the
issuance to it of a certificate of in
corporation by the Arizona Corpora
ton Commission and shall terminate
twenty-five years thereafter.
ARTICLE vi
The amount Of capital stock of this
corporation shall be twelve thousand
dollars ($12,0O0.OO), divided into
shares of the par value of one hun
bred dollars (s100.00) each. Such
stock shall be issued under the direc-
ton of the Board of Directors and
shall be fully paid for 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 judgment 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 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, providing that in case
such meeting Of the stockholders is not
held, the persons then constituting the
Board of Directors, shall continue to
so act until such time as meeting
of the stockholders is duly and regu-
larry called and held.
ARTICLE VIII
The private property Of the stock
holders shall be forever exempt from
corporate debts of any kind whatso-
ever.
ARTICLE TX
The officers of this corporation
shall be President and General Man
ager, Vice President, 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 an
nual election, to-wit: F. D. Krenz,
r. r. Krenz, ]. G. Daum.
The officers Of said corporation, who
nave UccH ScleCLcu anu Sisli serve uii-
til their successors have been elected
and duly qualified, are as follows:
F. D. Krenz, President and General
Manager; R. R. Krenz, Vice Presi-
dent; ]. G. Daum, Secretary and
Treasurer.
The Board Of Directors shall have
the power to fill any vacancies in its
membership and in the offices Of the
corporation.
The Board Of Directors may adopt
common seal and may adopt by
laws and may amend or repeal the
same and shall have the power to
transact any business within the
power of the corporation, and to dele
gate such power and authority as il
may deem expedient to any officer Of
the corporation.
ARTICLE XII
The highest amount Of Indebtedness
or liability, direct or contingent, to