The daily morning oasis., 1920-08-15

Il
the Republic of Mexico, and to &C
quire, own, hold, sell, lease, ex-
change, mortgage, pledge, improve
and otherwise deal in real estate and
aeroplane landing places and flying
fields, and to erect thereon and buy
lease, sell, mortgage and otherwise
acquire. dispose Of and deal in areo-
plane hangers, houses, stores, and
other buildings.
(d) To provide transportation of
persons and commodities for bust
| ness and for pleasure; to transport
and to enter into contracts for the
transportation of passengers, freight,
express, mail, and any and all kinds
of personal PROPERTY, merchandise,
goods. wares and chattels; to make
exhibi. ION aerial flights and aerial
exhibitions, and to enter into con-
tracts therefor; to teach aviation and
to establish, operate and maintain
| schools for instruction in aviation.
(e) To erect, construct, but, sell,
lease, convey, maintain, improve,
manage, operate, work, control and
superintend workshops, laboratories,
and factories for the repair, improve
ment, construction and manufactu e
of aer,planes and airships, and their
accessories to repair, build, construct
and manufacture aeroplanes and Dir
ships end their accessories; to pur-
chase, lease, sell, and otherwise ac-
quire and dispose of and deal in
agencies in the State of Arizona and
the Republic of Mexico from the
manufacturers of areoplanes and air
ships, for the sale of their products.
(f) To issue bonds, notes, de-
bentures, or other forms of corporate
! obligations, and to sell, pledge or
hypothccate the same, and to secure
the payment thereof by mortgage or
I otherwise upon all or any part of the
! properties of the corporation.
(g) To hold, purchase, buy and
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 cs7"l 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 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
dehtedness authorized by its board of
directors, in payment for the good
will, rights, business, personal prop
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,
property, real estate or leases there
on. shall be conclusive in the absence
| of fraud.
G) To remunerate any person,
person, or corporation for services
rendered, in placing or assisting to
place any of the shares of the COM
pany's capital stock, or any de-
benture, 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 it's
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 IN
dividua)s now enjoy, and in general
to do all things necessary or con-
venient 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
;ttal stock of this corporation shall
,e One Hundred Thousand ($1O0,-
oOO.00l Dollars, divided into one
thousand (1000) shares of the pal
yalue Of One Hundred ($100.OO)
Dollars each. Upon subscription
,herefor said capital stock shall bt
,aid into the corporation in such man
.er and upon such terms as the
,oard Ct directors may fix in cash
ervices, of by the sale, transfer anC
assignment to the corporation o.
properly, property rights or inter
SITS therein, real or personal, for TIN
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 s.
ssued shall thereupon and thereb!
,ecome and be fully paid up and non
}ssess .hle, and in the absence of &C
ual freud in the transaction. tn
Judgment of the board of directors a