The St. Johns herald., 1922-04-06

which they are then engaged to proper ly carry on the object thereof.
 (c) To engage either as principal or agent in the operation of saw-mills or grist mills and the purchase and manu- facture of logs, lumber, flour and feed, either finished or unfinished and to any thing incident to and connected with said business.
 (e) To purchase, lease or otherwise acquire any other business or businesses not herein specifically enumerated or any interest therein, as may be deemed advisable, and to pay for the same in cash or the shares, capital stock or de- bentures of this corporation in such manner and means as the Board of Dl- rectors may deem advisable.
 (f) To purchase or acquire in whole or in part range and dairy cattle, sheep, horses and swine and to run. operate and manage the same and to purchase, lease or otherwise acquire grazing and farm land for the purpose of running for and caring forth same.
 (g) To sell, lease, mortgage or oth- erwise dispose of the real and personal property belonging to this corporation upon such terms and prices as may be thought expedient, together with it's stock of merchandise and good will of business and all other property. tangi- ble and intangible.
 (h) To loan the capital of this Con- pany or any part thereof to any person. firm or corporation and to take as se- curity therefor lands and chattels of every kind and description, livestock, wool. hides, pelts, real and chattel mortgages and to act as commission man in the buying and selling of the same for profit.
 O To borrow or raise money or oth- CT thing of value by the issue of it's notes, bonds, capital stock. or other evidence of indebtedness and to secure the same as a natural person might do by the pledge, mortgage or hypOthe- cation of it's property.
 G) To issue and deliver shares of the capital stock of the Company as fully or partly paid up for cash, property real or personal or such other thing of value as the Board of Directors may determine in the conduct of it's business.
 (k) To act as the executor or admin istrator of the estates of decedents, guardian of minor or incompetent per son, receiver in bankruptcy. assignee l for benefit of creditors and trustee for any and all purposes and in particular to do any and all things necessary or that a natural person might do in act ing as executor, administrator, receiver, guardian of persons, estates and pro- perty and as trustee or assignee.
 Article V.
 The amount of the capital stock of this Corporation shall be FIFTY THOUSAND DOLLARS 1850, OOO. OO) divided into Fifty Thousand Shares of the par value of One Dollar each.
 Article VI.
 The capital stock shall be issued and sold as the Board of Directors may deem advisable and when fully paid up in the first instance shall thereafter be non- -assessable.
 Article VII.
 The time of commencement of this corporation shall be the date of the filing of certified copy of these Arti- cles of Incorporation and recordation in the office of the County Recorder of Apache County, Arizona, and the term ination thereof shall be Twenty-Five (25) years from that date.
 Article VIII.
 The highest amount of indebtedness or liability. either direct or contingent to which this corporation may at any time subject itself is the sum of THIR- TY THOUSAND DOLLARS (3O, OOO).
 Article TX.
 The private property of the stock holders shall at all times be exempt from corporate debts and liabilities.
 Article X.
 These articles may be amended at any time by majority vote of the then outstanding stockholders of record. Article XI.
 That A. E. Thurber who resides in the town of St. Johns, and who L<s been bona-fide resident of the State of Arizona for more than three years last past. is hereby appointed and des- ignated as the Statutory agent for the purpose of receiving service of any