The Winslow mail., 1920-06-04

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-
Derty purchased shall be conclusive.
ARTICLE VI. The affairs and bust
nesses of this corporation shall be
conducted by a 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. G. QUEBEDEAUX
E. A. SAWYER
o. J. FAULKNER
Thereafter the Board of Directors
shall be elected from among the stock
lolders at the Annual Stockholders
Meeting of the corporation, to be held
on the second Tuesday in January of
each year,or in the manner and at the
ime as the bylaws of the corporation
nay otherwise provide.
The stockholders shall have power
20 increase the Board of Directors to
even members at any time.
ARTICLE VII. The officers of this
corporation shall include president,
vice president, a 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
1t the first meeting, either regular or
lext following the annual meeting of
tockholders, but the secretary and
treasurer need not be directors of the
corporation and provided that the Of
ICES of secretary and treasurer may
]e held by one person, at the discre-
ion of the Board of Directors.
Until the first annual meeting of the
stockholders of the corporation, or
until their successors shall be elected
md qualified, the following named
persons shall serve as officers of the
corporation, towit: w. C. Quebe-
leaux shall be president, E. A. Saw
yer shall be vice president and o. j..
Faulkner shall be secretary and
treasurer.
Until further action by the Board
of Directors, E. A. Sawyer. of Win
slow. Navajo County, Arizona. who
has been a bona fide resident of Ari-
8ona for more than three years last
nast is hereby appointed the lawful
agent in and for the State of Arizona.
or and in behalf of this corporation
20 accept and acknowledge service of.
Ind upon whom may be served all
iy,
action, suit or proceeding that may
be had or brought against this said
corporation in any of the Courts of
laid 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
rs if served upon the president and
secretary of this corporation.
ARTICLE VIII. The Board of Di-
rectors shall have power to adopt,
,mend and rescind bylaws for the
government of the corporation; it
5hall 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
to the regular officers of the COM
pany, as they may deem necessary
with such powers as they may confer
ARTICLE TX. The highest amount
Of Indebtedness or liability. direct or
contingent, to which this corporation
is 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
80. a.. Z, l,.,.-A..4 e