The Coconino sun., 1922-12-29
ADVERTISEMENT


 Council of the Knights of Columbus in good standing and located at the Town of Flagstaff, Coconino County, | Arizona, and any of the capital stock of this corporation passing by any means into the ownership of others ] than members in good standing of any ! Council of the Knights of Columbus in good standing and located at the Town of Flagstaff, Coconino County, i Arizona, or to such Council of the Knights of Columbus, shall become immediately subject to purchase by this corporation at it's par value, and no person other than a member of the Roman Catholic Church and no cor l poration, association or organization other than a Council of the Knights of Columbus ;a good standing and located at the Town of Flagstaff, Coconino County, Arizona, shall be al- lowed to vote any of said stock.
 ARTICLE V. { The general nature of the business proposed to be transacted and car ried on by this corporation is as fol- lows:
 To purchase, lease, option, locate, acquire, possess, exchange, sell or otherwise dispose of, pledge, mortgage hypothecate and deal in lands, city lots, farm lands, ranch lands and real and personal property of every kind and character, and to build on and im- prove the same;
 To own and hold as security, or otherwise, shares of it's own capital | cfnnir a,,I hot nF n4Lr,- to cancel and to reissue shares of its own capital stock;
 To issue bonds, notes, debentures and other evidences of indebtedness and to secure the payment of the same by mortgage, deed of trust or otherwise;
 To own, hold, buy and sell, hypo- thecate and mortgage bonds, notes and debentures of persons and other corporations; and, in general, To do and perform such business not inconsistent with law in any part of the world as the board of directors may deem to be to the advantage of the corporation.
 ARTICLE VT.
 The time of the commencement of this corporation shall be the date of the filing of these articles of incor- poration in the office of the Corpora tiOn Commission of Arizona and the recordation of a certified copy thereof in the offices of the County Recorder of CoconinO County, Arizona, and it shall terminate twenty-five (25) years thereafter unless it be renewed in the manner provided by law.
 ARTICLE VII.
 The affairs of this corporation shall be conducted by board of seven CD directors, who shall be stockholders of this corporation. Said directors shall be elected at the annual meetings of the stockholders and shall serve for one CD year and until their successors are elected and qualified. The an- nual meetings of the stockholders of the corporation shall be held at such place and hour as may be prescribed by the bylaws of the corporation on the third Monday in December of each year. Special meetings of the stock holders may be held at such time and place and in such manner as may be prescribed by the bylaws of the cor poration. Until the first annual meet ing and until their successors are elected and qualified the following named persons shall constitute the board of directors:
 Joseph H. Frohmiller, G. ". Jakle, Francis Chisholm, David Babbitt, Eu- gene Phelan, P. J. Moran and Henry L. Alters.
 Said board of directors shall meet as soon as convenient after incorpora- tion and shall fill any vacancies in the board of directors, and thereafter if at any time vacancy in said board shall occur the same shall be filled by the remaining members of the board in office. The person elected to fill the vacancy shall serve during the un- expired term of his predecessor and until his successor is elected and quail flied. The officers of this corpora tion shall be a president, vice-presi- dent, secretary and treasurer, who shall be elected by the board of di- rectors at their first meeting, and thereafter immediately after each an nual meeting of the stockholders, and shall hold office for one CD year and until their successors are elected and qualified. In the event of a vacancy in any office the board of directors shall fill the same. Additional of fees may be created by the stock holders and when so created shall be filled and vacancies therein supplied by the board of directors. The officers elected at the first meeting of the board of directors shall serve until the first annual meeting of the stock holders and until their successors are elected and qualified.
 ARTICLE VIII.
 Bylaws for this corporation shall be adopted by the board of directors at their first meeting and thereafter may not be amended or revised ex- cept by majority vote of the stock holders.
 ARTICLE TX.
 The highest amount of indebtedness or liability, direct or contingent, to which this corporation may at any time subject itself is Thirty-three Thousand Three Hundred Thirty-three Dollars (S33, 3,333.00).
 IN WITNESS WHEPF0E VITA baya