The Winslow mail., 1921-02-04
any place as the Board of Directors
may deem to the advantage of the cor
poration
ARTICLE III.


personal property, services, leases,
options to purchase, or any other val
liable right or thing for the uses and
purposes Of the corporation, and all
shares of capital stock when issued
In exchange therefor shall thereupon
and thereby become and be paid in
full of same, as if paid for in cash at
par, and shall be nonassessable for
ever; and the judgment of the Board
Of Directors as to the value Of any
property, right or thing acquired in
exchange for capital stock shall be
conclusive, and no capital stock shall
De sold for less than it's par value
ARTICLE ".
The commencement of the corpora
ion shall be the first day of Febru-
Try, A. D. 1921, provided certificate
II incorporation has been issued to It
IN or before said day by the Arizona
Corporation Commission, and said
corporation shall endure for the full
-erm of twenty-five years thereafter
With the privilege of perpetual sue
cession as provided by statute.
ARTICLE v.
The affairs of the corporation shall
oe conducted by Board of Directors
and such officers as the said directors
may elect or appoint: and the number
of directors, shall be not less than.
,hree9 nor more than seven, and shall
pc elected from among the stock
aolders at the annual meeting each
year, which is to be held on the third
Monday of January of each year: and
Until said third Monday in January in
l922. and until their Successors have
been elected and have qualified, the
following named persons shall be the
officers and directors, to-wit: VIM. H.
Dagg, President, E. Harbin, Secretary
& Treasurer, Burl Vincent and w. j.
Crozier.
ARTICLE VII.
The directors shall have the power
to adopt, amend, and rescind bylaws;
% fill vacancies occurring on the
Board of Directors for any cause; and
UGH other powers and duties as may be
granted to them by these articles of
Incorporation or by statute.
ARTICLE VII.
The highest amount of indebtedness
Or liability to which this corporation
at any one time subject itself is $685.
10000, which is not more than two
birds of the amount of the capital
stock.
ARTICLE VIII.
The private property of the stock
holders Of the corporation shall be
and is forever exempt from it's in
debtedness and obligations; this cor
poration does hereby appoint e. Har-
bin of Winslow, Navajo County, Ari-
IONA, who has been bona fide resi-
lent of Arizona for more than three
years, it's lawful agent in and for the
State of Arizona, for and in behalf of
the company, to accept and acknow
ledge service of, and upon whom may
be served all necessary process or
processes in any action, suit or pro-
ceeding, that may be had or brought
against this company, in any of the
Courts Of the said State of Arizona;
such services or process or notice or
acceptance thereof by said agent en-
1orsed thereon to have the same force
and affect as If served on the presi-
lent and secretary of said company.
IN WITNESS WHEREOF, we have
hereunto affixed our signatures and
seals this LIST day of December, A. D.
1920.
WIN. H. DAGG,
e. HARDIN.
BURL VINCENT,
w. J. CROZIER.
State of Arizona; County of Navajo, SIS
Before me, Geo. H. Keyes, Jr., a No
tary Public, in and for the State and
County aforesaid, on this day person
ally appeared VIM. H. Dagg, E. Har-
bin, Burl Vincent and w. j. Crozier,
known to me to be the persons whose
names are subscribed to the foregoing
instrument and acknowledged to me
that they executed the same for the
uses and purposes therein expressed.
Given under my hand and seal of
office this 1st day of December, A. D.
1920.
GEO. H. KEYES, JR.,