The Coconino sun., 1919-10-31

AtteSt:
 (Signed) A. E. STELZER,
 Secretary. ARTICLES OF INCORPORATION
 OF
 ARIZONA LAND AND LIVE STOCK
 COMPANY
 KNOW ALL MEN BY THESE PRESENTS: That we, J. B. keaster Samuel Rassi, and Fred J. Lusk, do hereby associate ourselves together for the purpose of forming a cor poration under the laws of the state of Arizona, and for this purpose here by adopt the following Articles of Incorporation.
 ARTICLE l
 The names of the incorporatorsi, and their post-office addresses are as fol- lows:
 Name Address 20. J. B. Keaster, Flagstaff, Ariz.;
 Flagstaff, Ariz. Samuel Rassi, Long Beach, Cal;
 Long Beach, Cal. Fred J. Lusk, Flagstaff, Ariz.;
 Flagstaff, Ariz. The name of-this corporation shall be and is,
 ARIZONA LAND AND LIVE STOCK
 COMPANY
 The principal office and place of transacting business of this corpora tion shall be at Flagstaff, Arizona, where meetings of stockholders and directors may be held; and it may have such other offices and places of business within or outside of the state of Arizona as the board of directors shall establish.
 ARTICLE II
 The general nature of the business in which this corporation shall engage is as follows, to-wit:
 To buy, lease or otherwise acquire, and to mortgage, sell or otherwise dispose of, real estate and water rights to any amount not limited by law.
 To engage in the cultivation, plant ing and production of fruits, grains, hay and other agricultural products, and to trade and deal in same. To breed, raise, buy, sell, export, import, trade and deal in cattle, sheep horses, poultry and other live stock of every class and description.
 ARTICLE III
 That the total amount of the capi- tai stock of this corporation shall be, and is, Fifty Thousand Dollars, and the number of shares into which the same shall be divided is One Thousand and the par value of each shall be Fifty Dollars; all of which said stock shall be issued, fully paid and non assessable.
 ARTICLE "
 That the time of the commence ment of this corporation shall be the day these articles are filed in accord. ance with the law, and the termina- ton thereof shall be twenty-five years thereafter, with privilege of renewal as provided by law.
 ARTICLE
 The affairs of this corporation shall be executed by Board of Directors, consisting of three persons, and such officers as the Board of Directors may elect and appoint, such directors and officers to be elected on the second Monday of July, 1920, and annually on the same day and month there after, or at any adjourned meeting thereof, for term of one year and until their successors are elected and qualified. Vacancies in the Board of Directors to be filled by special meet ing of the directors called for that purpose. Until the election of said directors and officers at the first meet ing of the stockholders of said corr poration, the following named per sons shall be and constitute the Board of Directors: J. B. Keaster, Samuel Rassi, and Fred J. Lusk.
 Until such Board of Directors shall have been elected, at the regular an- nual stockholders meeting of this corporation, the officers of said Board of Directors and of this corporation shall be the following named direc- tors:
 Fred J. Lusk, president.
 Samuel Rassi, vice president. J. B. Keaster, secretary and treas- urer.
 ARTICLE VI
 That the highest amount of indebt- edness or liability direct or contin- gent, to which this corporation shall at any time subject itself, or for which it may become liable, shall not exceed the sum of two-thirds of its author ized capital stock.
 ARTICLE VII
 Private property of the stockhold- CTS of this corporation shall be for ever exempt from liability for it's debts or obligations.
 IN WITNESS WHEREOF, we have hereunto affixed our hands and seals this 18th day of October. A. D. 1919.
 J. B. KEASTER. (Seal)
 SAM'L RASSI. (Seal.)
 FRED J., LUSK. (Seal.)