The Winslow mail., 1920-09-24

ance with the laws established gov
erning the same,
To buy. SELL own, hold, hypothe-
| cate. pledge and in any and every
way deal in the stocks, bonds, deben-
lures or other evidences of indebted
ness of all public or private corpora
tions.
To acquire, buy, lease, erect, con-
| struct and maintain all necessary
buildings and structures of every
| kind deemed by said corporation
necessary for the conduct of it's bust
ness.
To do any and all kinds of business
| which private persons might or could
| do. To do and carry on. each, every
and all the foregoing objects of the
said corporation at any place in the
United States Of America. and to do
any and all of the purposes herein
above set forth.
ARTICLE THREE: That the
amount of capital stock of said cor
poration shall be Thirty Thousand
and no-1O0 ($3O,O0O.0O) Dollars.
ARTICLE FOUR: The time of
commencement of this corporation
shall be the date upon which certi-
fed copy of these articles of incor-
poration from the Arizona Corpora
ton Commission shall be recorded
with the recorder Of Navajo County,
Arizona, and the termination thereof
shall be twenty-five years thereafter
with privilege of renewal, as pro-
yided by law.
ARTICLE FIVE: That the man
agement and control of the business,
property and affairs of this corpora
lion shall be vested in Board of Di-
rectors consisting of not less than 8,
nor more than members who shall
be elected from the stockholders of
record at the regular annual meet
ing Of stockholders. which meeting
shall be held on the first Tuesday of
January in each year after the year
1920 expires and said directors shall
lOld office for one year or until their
successors are elected and qualified.
Any vacancy which may occur in said
Board of Directors. whether caused by
death, resignation or otherwise,
shall be filled by election by the re-
naming members of said Board from
among the stockholders of record |
Said Board of Directors shall have
power to establish bylaws and make |
any and all rules and regulations /
necessary for the conduct and man
agement of the affairs of the corpor-
alton, not inconsistent with the law
or these articles of Incorporation.
UNTIL the first annual meeting of |
the stockholders the following named |
persons shall be the officers and con-
stitute the Board of Directors of this
corporation:
Henry Huning, President,
J. G. Paulsell. Vice President,
G. H. Jordan, Secretary & Treasurer
ARTICLE SIX: The highest |
amount Of Indebtedness or liability |
direct or contingent to which this cor
poration may at any time subject it.
self is in the sum of Twenty Thou
sand and no-1O0 ($20,O0O.O0) Dollars.
ARTICLE SEVEN The private
property of the incorporators and |
stockholders of this corporation shall |
be and is hereby made forever exempt |
from any and all liability for the cor
porate debts and liabilities of the cor
poratior.
ARTICLE EIGHT: These articles |
of Incorporation may be amended by
majority vote of the outstanding
stock of the corporation at any special |
meeting thereof, called for that pur.
pose
ARTICLE NINE: This corporation
does hereby appoint Clarence Fl. Je~-
dan of Holbrook, Navajo County.
Arizona, who has been a bona fide
resident of Arizona for more than
three years, it's lawful agent in and
for the State of Arizona for and in
behalf of said company, to accept and
acknowledge service of. and upon
whom may be served all necessary
process or processes in any action.