The Coconino sun., 1921-09-30
ARTICLES OF INCORPORATION
 of THE MONTEZUMA LODGE

OI
 THE MONTEZUMA LODGE
 KNOW ALL MEN BY THESE PRESENTS: That we, the undersign- ed persons, for the purpose of form ing a corporation under the laws of the State of Arizona, do hereby adopt the following Articles of Incorpora- tion, to-wit:
 ARTICLE I.
 The names, residences and post office addresses of the incorporators are:
 Name Address.
 Charles R. Edwards, Flagstaff, Ariz. Robert l.. Webb, Phoenix, Ariz. Carl A. Davis. Phoenix. Ariz.
 ARTICLE II.
 The name of this corporation shall be THE MONTEZUMA LODGE, and its principal place of business shall be at Flagstaff, Coconino County, Ari- zona, and the corporation shall have the right to establish such branch of fees or places of business, either with in or without the State of Arizona, as the Board of Directors of said corpor- ation may, from time to time, desig- nate and provide.
 ARTICLE III.
 The general nature of the business which this corporation shall have au- thority to transact is as follows: To create, buy, lease, or acquire other wise, and to own, use, operate and manage, for the pleasure and benefit of the stockholders of this corpora tion and others, recreation or pleas ure resort, or lodge near Mormon Lake, in Coconino County, Arizona; it shall have the right to build, own and operate houses, boats, wharves and other structures; to acquire, buy, own, use, mortgage, sell, assign, transfer, and otherwise receive, hold and dispose of real estate and personal property; to purchase, own, sell or otherwise deal in notes, stocks, bonds and other se- curities or leases in action; to borrow or loan money and to issue or receive notes, bonds and other evidences of indebtedness, and to secure the same by mortgage, pledges, deeds of trust or otherwise; to buy, sell and ex- change horses, cattle, sheep and other livestock, merchandise, farm products and timber; to issue, hold, own, pur- chase, sell or trade, or otherwise take or dispose of its own capital stock; to make and execute contracts, deeds, mortgages, leases and any and all in struments in writing necessary and proper to transact said business; and in general said corporation may do such acts and things and transact such business consistent with the fore going purposes and powers as is not in violation of law, as fully and to the same extent as an individual may or can.
 ARTICLE ".
 The amount of the capital stock of this corporation shall be Fifty Thous- and (S50,000) Dollars, divided into five hundred (500) shares of the par value of One Hundred (S100) Dollars each, and the same when issued shall be fully paid and non-assessable. The Board of Directors of said corporation may authorize and direct the issuance and sale of the capital stock, either for cash, or by the transfer to this corporation of real estate or personal property, contracts or any other valu- able right or thing, and the judgment of the Board of Directors as to the value thereof shall be conclusive, in the absence of fraud.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of the filing of these Articles of Incor- poration with the corporation com mission of the State of Arizona, and the termination thereof shall be Twenty-Five years thereafter, with the privilege of renewal as provided by
 ARTICLE VI.
 The management and control of the affairs of this corporation shall be vested in Board of Directors, who shall be elected from the stockholders of record at the regular meeting of such stockholders, which annual meet ing shall be held on the First Monday in May of each year at Eight o'clock in the evening, and said Board of Di- rectors shall hold office for one year, or until their successors are elected and qualified. Any vacancy which may occur in said Board of Directors shall be filled by the election of a successor from among the stockhold- CTS of record by the remaining mem- bers of the Board of Directors. Said Board of Directors shall have the power to establish bylaws for this corporation, and to make all rules and regulations necessary and proper for the conduct and management of the business of this corporation. Three Directors shall constitute a quorum to do business, and a majority vote of the members present shall determine any matter before the Board of Di- rectors. Until the election of a Board of Directors by the stockholders of said corporation the above named in- corporators shall have and exercise all the mowers of the Board of Direct