The Winslow mail., 1922-01-13

~ tHe OldLe OI Arizona, TO sell, dis
pose of, or cucumber all, or any
part of the property of the company,
subject to the limitations hereinaft-
er prescribed; to make contracts. to
purchase, lease, locate, or other
wise acquire, own, exchange, sell
pledge. mortgage, hypothecate, and
deal in any and all kinds of real
estate and personal property; to
own, buy, sell and handle shares of
its own capital stock and that of
other corporations: to make all con-
tracts and agreements necessary or
proper in the premises; to act as
holding company for stocks or
bonds or other evidences of indebt-
edness of other companies: and, in
general, to do and perform such
acts and things and transact such
business in connection with the
foregoing objects, not inconsistent
with law, in any part of the world,
as the Board of Directors may deem
to the advantage of the corporation.
ARTICLE III
The Capital stock of the corpora
ton shall be One Hundred Thous-
and and no-100 ($1OO,OO0OO) Dol
lars, divided into One Thousand
Q,0OO) shares of the par value of
One Hundred and no-100 ($1OO0O)
Dollars, EACH which shall be paid
In, at such time as the Board of
Directors may designate, in cash,
real or personal property, services,
lease, option to purchase, or any
other valuable right or thing, for
the uses and purposes of the cor
poration, and all shares of capital
stock when issued in exchange
therefor, shall thereupon and there
by become and be fully paid the
same as if paid for in cash at par,
aid shall be non -assessable forever,
and the judgment of the Board Of
Directors as to the value of any
exchange for capital stock shall be
conclusive.
ARTICLE w
The commencement of the corpor-
alton shall be the date of the issu-
ance to it of certificate of incor-
poration by the Arizona Corporation
Commission, and it shall endure for
the full term of twenty-five years
thereafter, with privilege of perpet-
ual succession as provided by stat
ute.
ARTICLE V
The affairs of the corporation
shall be conducted by a Board of
Directors and such officers as the
said directors may elect or appoint; !;
and the number of directors shall
be not less than two or more than
three, and shall be elected from
among the stockholders at the an
nual meeting to be held on the sec
ond Monday in January of each
year. and until the first annual
meeting of the stockholders, and un-
til their successors have been elect
cd and have qualified, the following
named persons shall be the direct
ors, tO-wit:
w. c. QUEBEDEAUX,
T. M. QUEBEDEAUX,
KENNETH FL. MYERS.
ARTICLE VI
The directors shall have the pow
er to adopt, amend, and rescind by
laws, to fill vacancies occurring in
the Board for any cause, and to ap-
point from their own number an ex-
ecutive committee and vest COM
mittee with all powers granted to
the directors by these articles.
ARTICLE VII
The highest amount of indebted
ness or liability to which the cor
poration may at any one time sub
ject itself is Sixty-six Thousand,
Six Hundred Sixty-six and no-100
($66, ,666O0) Dollars, which is not
more than two thirds of the amount
of the capital stock.
s ARTICLE VIII
The private property of the stock
holders CT the corporation shall be
forever exempt from its debts and
obligations.
ARTICLE TX
This corporation does hereby ap-
point w. c. Quebedeaux, of Wins
low Navajo County, Arizona, who
has been bona fide resident of Ari-
zona for more than three years, it's
lawful agent in and for said State
Of Arizona, and in behalf of said
Company, to accept and acknowl
edge service of, and upon whom
may be served, all necessary pro-
cess or processes in any action.
suit, or proceeding that may be had
or brought against the company in
any of the courts of the said State
Of Arizona, such service of process
or notice, or the acceptance thereof
by said agent endorsed thereon, to
have the same force and effect as if
served upon the President and Sec
retary of said Company.
In Witness Whereof, we have