The Winslow mail., 1920-09-10

and to lay out town sites and to dedi-
cate streets. parks. and alleys In the
same.
TO borrow and loan money in any
and every manner and to accept Sc
curity therefor the notes. obligations,
pledges or other securities of any
and every corporation, partnership.
individual or individuals and to make
issue or accept promisory notes
bill or exchange, bonds, debentures
and other securities and evidences of
Indebtedness without limit as to
time and to secure the same by mort
gage, pledge or otherwise in accord
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 busi-
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-10O ($3O,OOO.OO) Dollars.
ARTICLE FOUR: The time of
commencement of this corporation
shall be the date upon which certi-
led copy of these articles of incor-
pOration from the Arizona Corpora
zion 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-
vided by law.
ARTICLE FIVE: That the man
agement and control of the business,
property and affairs of this corpora
tion shall be vested in a Board of Di-
rectors consisting of not less than 3.
nor more than z 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
hold 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.
c. 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-10O (s20, 0,OOOOO) 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
poration.
ARTICLE EIGHT: These articles
of Incorporation may be amended by