The Coconino sun., 1922-11-17

ana mlnlng DuSlneSS 01 any and eV- cry kind, either within or without the State of Arizona, and in any part of the world.
 To purchase, buy, sell, own, hold, maintain, work, develop, convey, mortgage, lease, let, hire or otherwise acquire, and to dispose of or deal in timber lands or real estate without limit as to amount or value, within or without the State of Arizona, and n any part of the world, and any in terest or right or rights therein. 1 To acquire the good will, rights and property of all kinds, and to take ov- CT the whole or any part of the asets and liabilities of any person, firm, as sociation or corporation, and to pay for the same in cash, stock of this corporation, bonds or otherwise.
 To apply for, obtain, register, pur- chase, lease or otherwise acquire, and to hold, own, use, operate, introduce and sell, assign or otherwise dispose of any and all copyrights, trade marks, and all inventions, improve ments and processes used in connec- | tion with or secured under letters patent of the United States or else where or otherwise, and to use, exer- else, develop, grant licenses in re- spect of or otherwise turn to account any such copyrights, trade marks, patents, concessions, processes and the like, or any such property, right or information so acquired; and with a view to working and developing the same to carry on any business wheth- CT manufacturing, merchandising, mining or otherwise.
 To make and enter into contracts of every sort and kind with any in- dividual, firm, association, corpora tion, private, public or municipal body polite and with the Government Of the United States or any State, Ter ritory, Colony or District thereof, or any foreign country.
 To draw, make, accept and endorse, execute and issue promissory notes, bills of exchange, warrants, bonds, de- bentures or other negotiable or trans ferrable instruments, and to secure such bonds, debentures or negotiable instruments by deeds or deeds of trust, or mortgage or mortgages of or upon the whole or any part of the property of the company, or upon l he franchises of the company or oth- erwise, and to sell the same for the purposes of obtaining money with which to enlarge or carry on the busi- ness of the company, or any part of it, and for the purchase of real estate or personal property, or the payment of any debt or obligation, or for any lawful purpose.
 Subject to the provisions of law, to purchase, hold and reissue the shares of its capital stock.
 To hold, purchase or otherwise ac- quire, to sell, assign, transfer, mort gage, pledge or otherwise dispose of shares of the capital stock, bonds or other evidences of indebtedness ere ated by any public or private cOrpor- ation, and to give any guaranty or security for the payment of dividends or interest thereon or otherwise in relation thereto, and while the holder of such stock to exercise all the rights and privileges of ownership, including the right to vote thereon to the same extent as natural persons might or could do.
 To do any or all things therein set forth to the same extent as natural persons might or could do, in any part of the world, as principals, agents, contractors, trustees or other wise, and in general to engage in any and all lawful business, whatever necessary or convenient in connection with the business of said corporation.
 ARTICLE III.
 The amount of the capital stock of this corporation shall be One Hun dred Thousand ($100,000.00) Dol lars, divided into One Thousand G. OOO) shares of the par value of One Hundred ($1OOOO) Dollars each, which, when issued, shall be fully paid and non-assessable. Said capital stock shall be issued upon such terms and conditions and at such times as the Board of Directors may deter mine or prescribe, and the same may be issued in exchange for property, contracts, services or other benefits of any kind or character accruing to the corporation, and in the absence of fraud the judgment of the Board of Directors as to the valuation thereof shall be conclusive.
 ARTICLE ".
 The time of the commencement of this corporation shall be the date of the issuance to it of a certificate of incorporation by the Arizona Corpora tion Commission, and said corporation, unless renewed, shall terminate twen- ty-five years thereafter, but the same may be renewed from time to time, as now provided by law, so as to make the same perpetual.
 ARTICLE V.
 The affairs of this corporation shall be conducted by a Board of three di- rectors, who shall be elected from among the stockholders annually, at the annual meeting thereof. The an nual meeting of stockholders of this corporation shall be held at the prin- cipal office of the corporation at Flagstaff, Coconino County, Arizona on Ike second Monday in February of each year. Said Directors, when so elected, shall hold office until their successors are elected and qualified and any vacancy in the Board shall be filled by election by the remaining l n, have of tba poord frop, op1npU