The daily morning oasis., 1920-08-12

(g) 10 h0ld, pufcndSe,' Duy anu
otherwise acquire, and to sell, ex-
change, mortgage, pledge and other
wise deal in the bonds, notes,
mortgages, debentures, shares CT
capital stock, and other securities and
obligations of any private corpora
ton, and also receive, collect and
otherwise dispose of interest, divi-
dends or income from any of the Sc
curities held, owned or acquired by
the corporation, and to exercise IN
respect of ;, bonds, notes, mort
cages, debentures, shares of capital
stock and other securities and obliga-
tions, Ill the rights, powers and pri-
vileges of individual owners thereof,
including the rigrt to vote upon any
shares Of stock held by it to the same
extent that a natural person might
or coulJ do.
CHI To sell or issue all or any
part of it's capital stock, or any bonds,
debentures or other evidences of in
debtedress authorized by its board of
directors, in payment for the good
erty, zeal estate or leases thereon, of
any person, firm, association or CORP
Grafton. and the Judgment of its
board of directors as to the value Of
such good will, rights, business,
properly, real estate or leases there
on, shall be conclusive in the absence
of FRAUD.
O TO remunerate any person,
person, or corporation for services
rendered. in placing or assisting to
place any of the shares Of the COM
pany'5 capital stock, or any de-
benturp, bond or other security of
the formation or promotion of the
the company, or for services in or
about the formation or promotion of
the company, or the conduct of its
business, all upon such terms as the
board of directors may approve.
Cd TO make any and all contracts,
acquire any and all species of prop
erty, and to possess the same powers
in such respects as private III
dividua)s now enjoy and in general
to do all things necessary or con-
verient to the proper conduct of the
business of the corporation in the
State Of Arizona and elsewhere, not
| inconsistent with the laws of the
United States and of the State OF
Arizona.
ARTICLE V.
The authorized amount of the cap
ittal stock of this corporation shall
be One Hundred Thousand ($100,
0O0.00( Dollars, divided into one
thousand 10000 shares of the pa
value of One Hundred ($100.00)
Dollars each. Upon subscription
therefor said capital stock shall b.
paid into the corporation in such man
1er and upon such terms as the
board Gf directors may fix in cash
ervice3, of by the sale, transfer and
assignment to the corporation Of
properly, property rights or inter
SITS therein, real or personal, for the
Uses and purposes of the corporation
md in payment for which, shares o.
he capital stock of the corporation.
nay be issued, and such stock Sc
ssued shall thereupon and thereby
,ecome and be fully paid up and non
assess .hle, and in the absence of &C
ual fraud in the transaction. the
Judgment of the board Of directors a.
20 the value of the services rendered
r property purchased shall be con
| ,lusive
ARTICLE VI.
The time of the commencement
his corporation shall be the date o
he filing of it's Articles with thu
Iorpora ton Commission of the Stat
f Arizona and the recording of same
the office of the County Record
r of Santa Cruz County, Arizona
md the termination thereof shall b
wenty- five years thereafter, wit
he right in the corporation to rene
is charter for an additional period o
Wentv five years as now provide
~ law.
ARTICLE VII.
The management and conduct c
f ne bu;iness, property and affairs O
he corporation shall be vested /
I nd conducted by a Board of Direo
{ ors ~ not less han three (3) no
more tran fifteen (15) persons, VIII
hail be stockholders Of this corr
ration, and all directors, except i
ase Of vacancies, shall be elected 6
he annual meeting of stakeholder
kept the first board. Until tn
irst aGnual meeting and until the
ucceescrs are elected and qualifie
ne following named persons sha
onstitute the first board of dlre'
; | tors:
& T. ]. Wylie,
: J. E. Anchondo,
: w. f. Harms,
{ A. Laroz and
, w. H. Florentine.
I Said board of directors shall me
= IS soon as convenient after incorl
:. Grafton, and shall fill any vacanci
:, in the board of directors. The Boal
Z f Directors shall have the right ar
c power to increasN the number
g directors UP to fifteen Q5) at al
: 'ime, and to appoint OF elect SUI
additional directors to serve until t
: next annual stockholders meeting.
G The officers of the corporate
II shall onsist of President, a Vic
20 | Droc;don+ Cooroto,v ond Trao c,1rt