The Coconino sun., 1919-12-19

products that may be manufactured from grain of all kinds, and to manu- facture and sell any and all of the products that may be manufactured from grain and other products, and any other materials necessary, useful or convenient in the carrying on of said milling and manufacturing busi- ness; to catry on a general merchan- disc business.
 3. To buy, sell, trade and deal in at wholesale and retail, groceries, provisions, food, supplies, wares, veg etables, produce, hay, straw, pota- toes, and all articles and things incl dental to general merchandise store.
 4. To buy, sell, lease, trade and deal in and otherwise handle either as principal or agent, either for cash or terms or otherwise, automobiles, trucks, automobile accessories and supplies of all kinds, farming imple- ments of every kind and description and hardware of all kinds.
 5. To do all and everything nec- essary for the accomplishment of any of the purposes or the furtherance of any of the powers hereinbefore set forth, either as principal or agent.
 ARTICLE III.
 That the total amount of the capital stock of this corporation shall be Twenty-Five Thousand Dollars, ($25,- 000.00), divided into shares of the par value of $100.00 each. Such stock shall be issued under the direction of the Board of Directors, and shall be fully paid up at the time of delivery.
 The Board of Directors may author ize and cause stock to be issued in ex- change for real or personal property and the judgment of the Board of Di- rectors as to the full value of such property shall, in the absence of fraud, be conclusive.
 ARTICLE W.
 That the time of the commence ment of this corporation shall be the date of the issuance to it of certi- ficate of incorporation by the Arizona Corporation Commission and shall terminate twenty-five (25) years thereafter.
 ARTICLE V.
 The prudential and business affairs of the corporation shall be conducted by Board of Directors, consisting of two or more persons, who shall be elected at a meeting of the stock holders, held on the first Tuesday in the month of January of each year, beginning with January, 1920.
 The officers of this corporation shall be President and Secretary, and Treasurer, and the same person may be chosen to fill any two offices.
 ARTICLE VI.
 The following named persons have been selected and shall constitute a Board of Directors until the first an- nual election, to-wit:
 J. c. HESTER and FRED J. LUSK. The officers of said corporation, who have been selected and shall serve lntil their successors have been elect and duly qualified, are as follows: J. c. Kester, President.
 Fred J. Lusk, Secretary and Treas lrer.
 The Board of Directors shall have he power to fill vacancies in its mem- ,ership and in the offices of the cor ,oration.
 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 and authority to transact any business within the power of the corporation, and to delegate such power and au- ,hority as it may deem expedient to any officer of the corporation.
 ARTICLE VII.
 The highest amount of indebted ness or liability, direct or contingent, .o which the corporation is to at any time subject itself, is the sum of Six teen Thousand Dollars ($16,0O8. .O0).
 ARTICLE VIII.
 The private property of the stock holders of this corporation shall be forever exempt from liability for it's iebts or obligations.
 IN WITNESS WHEREOF, We have lereunto affixed our hands and seal :his 29th day of November, A. D. 1919.
 J. c. HESTER. (Seal.)
 FRED I. IJISK. (Seall