The Coconino sun., 1916-09-15

established by the Board of Directors at 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:
 1. To carry on and conduct gen. 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.
 i 8. To borrow and loan money nec- 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 oth- erwise
 ARTICLE V The time of commencement of this corporation shall be the date of the issuance to it of certificate of in- corporation by the Arizona Corpora tion Commission and shall terminate twenty-five years thereafter.
 ARTICLE VI
 The amount of capital stock of this corporation shall be twelve thousand dollars ($12,000.00), divided into shares of the par value of one hun dred dollars (S1O00O) each. Such stock shall be issued under the direc- tion 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 i by Board of Directors, consisting of three persons, who shall be elected at meeting of the stockholders helt on the first Tuesday in the month oi January of each year, beginning witf the year 1916, providing that in case such meeting of the stockholders isnot held, the persons then constituting tho Board of Directors, shall continue tc so act until such time as a meeting of the stockholders is duly and regu larly called and held.
 \ ARTICLE VIII 5, 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 a 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 tho Board of Directors until the first an nual election, to-wit: F. D. Krenz R. R. Krenz, J. G. Daum.
 The officers of said corporation, who have been selected and shall serve un. 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; J. G. Datum, Secretary and Treasurer.
 The Board of Directors shall have the power to fill any vacancies in it's membership and in the offices of the corporation.
 The Board of Directors may adop! 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 it may deem expedient to any officer of the corporation.
 ARTICLE XI
 The highest amount of indebtedness or liability, direct or contingent, to which the corporation is at any time to subject itself is the sum of eight 1 thousand dollars ($8,00000). In witness whereof, we have here