The Winslow mail., 1920-05-28

thing. useful, necessary and conven-
lent for the uses and purposes of this
corporation; in payment for which.
shares Of stock of this corporation
may be issued and the said shares of
capital stock so issued shall there
upon and thereby become and be fully
paid up and worcestershire forever:
and in the absence of actual fraud in
the transaction the judgment of the
directors as to the value of the pro-
perty purchased shall be conclusive.
ARTICLE VI. The affairs and bust
nesses of this corporation shall be
conducted by Board of Directors of
not less than three, nor more than
seven directors. who shall hold office
until their successors are elected and
qualified; and the following named
persons shall constitute the Board of
Directors until their successors are
elected and qualify:
W. c. QUEBEDEAUX
E. A SAWYER
o. J. FAULKNER
thereafter the Board of Directors
shall be elected from among the stock.
holders at the Annual Stockholders
Meeting of the corporation, to be held
IN the second Tuesday in January of
each year,or in the manner and at the
.lme as the bylaws of the corporation
nay otherwise provide.
The stockholders shall have power
20 increase the Board of Directors to
jeven members at any time.
ARTICLE VII. The officers of this
corporation shall include a president,
vice president, secretary and
treasurer. The president and vice
president shall be elected by the
3oard of Directors from among their
number at the first meeting. either re-
5ular or special, of the Board of Di-
rectors next following the annual
Meeting of stockholders and the sec
'etary and treasurer of the corpora
ion shall be elected by the Directors
at the first meeting, either regular or
special, of the Board of Directors
next following the annual meeting of
stockholders, but the secretary and
reasurer need not be directors of the
corporation and provided that the Of
ices of secretary and treasurer may
De held by one person, at the discre-
ion of the Board of Directors.
Until the first annual meeting of the
stockholders of the corporation, orl
Until their successors shall be elected
md qualified, the following named
persons shall serve as officers of the
corporation, to-wit: w. c. Quebe-
leaux shall be president, E. A. Saw
yer shall be vice president and o. J..
Faulkner shall be secretary andI
treasurer
Until further action by the Board
Of Directors, e. A Sawyer of Win
slow. Navajo County, Arizona. who
las been bona fide resident of Ari-
iona for more than three years last
past is hereby appointed the lawful
agent in and for the State of Arizona
'or and in behalf of this corporation
o accept and acknowledge service Of
and upon whom may be served all
necessary process or processes in any
action, suit or proceeding that may
1e had or brought against this said
corporation in any of the Courts of
said State of Arizona, such service of
process or notice. or the acceptance
hereof by said agent. endorsed there
N. to have the same force and effect
IS if served upon the president and
'ecretary of this corporation.
ARTICLE VIII The Board of Di-
rectors shall have power to adopt,
amend and rescind bylaws for the
government of the corporation; it
hall have power to fill vacancies oc-
curing, in the Board of Directors
rom any cause, and to elect and ap-
point such other officers, in addition
% the regular officers of the COM
oany, as they may deem necessary,
With such powers as they may confer.
ARTICLE TX. The highest amount
)f Indebtedness or liability direct or
contingent, to which this corporation
s at any time to subject itself, shall
not exceed the sum of One Hundred
Thirty-three Thousand ($133.OO0)
Dollars
ARTICLE x. The time of the COM
mencement of this corporation shall