The Coconino sun., 1922-02-24
ADVERTISEMENT

rectors may from time to time desig- nate and determine, and an office may also be maintained in the City of Salt Lake, State of Utah, or at such other place or places, outside of the State of Nevada and in the States of Utah, Idaho and Wyoming, as may be designated in the Bylaws or as the Board of Directors may from time to time determine.
 Article III.
 The object, business and pursuit of said corporation is, and shall continue to be, to encourage and foster the livestock and agricultural products, industries and to endeavor to assist such industries in the present finan- cial emergency and for these purposes to loan moneys and extend credit to stockgrowers and those engaged in agricultural pursuits in the States of Utah, Idaho, Nevada and Wyoming, or elsewhere, upon such security or se- curities, including chattel mortgages and livestock, and upon warehouse re- ceipts or otherwise as the Board of Directors may determine, and to sell and dispose of such loans and the securities given to secure the same to the United States War Finance Cor poration, or such other persons, firms or corporations as may be deemed proper and at the time of any such sale or disposition of such loans and securities to guarantee to the purch- aser thereof the payment, by the per son to whom such loans shall have been made thereof at maturity. And for the purpose of carrying out the objects for which this corporation is formed and organized it shall have the authority to borrow money and to is- sue its obligations therefor and to secure the same by mortgage, pledge or other wise, of any property, real or personal, which it may own, hold or possess.
 It is understood and agreed by and between the incorporators hereof, that this corporation is formed and created, and shall carry on business herein provided for, for the purpose of meet ing present financial emergency in the livestock and agricultural products, industries and that when, in the judgment of the Board of Directors of this Corporation, such emergency shall have passed and there shall be no further, occasion to aid the live stock and agricultural products indus tries, as provided for herein, this cor poration so formed and organized, shall cease to do business and shall surrender it's charter, after the pay ment of all its just debts, liabilities and obligations.
 Article ".
 The amount of the total authorized capital stock of the corporation shall be $1 ,000, 100000 and the number of shares into which it shall be divided shall be 10000 shares of the par value of $100.00 each. All of said shares of stock shall be of one class. The amount of the subscribed capital stock with which said corporation shall com mence business is the sum of S1, ,400.- %, and the amount actually subscribed and the amount actually paid in, is the sum of S1 1,400.00.
 Article V.
 The names of each of the original subscribers to the capital stock and the amount subscribed for by each are as follows, to-wit: "A W. W. Armstrong .......... Two Shares A. P. Bigelow .............. Two Shares E. A. Culbertson ........... Two Shares Warren l.. Wattis - Two Shares F. J. Stevens .--.........-..... Two Shares Edgar s. Hills ............... Two Shares G. G. Wright .............. Two Shares
 Article VI.
 The period of existence of said cor poration shall be five years from and after the date of it's incorporation.
 Article VII. The affairs and business of said shall be managed and