The Coconino sun., 1922-07-14
ADVERTISEMENT

such corporation or association, it would be entitled as an individual, and generally to acquire, hold, enjoy and deal in shares of the capital stock or bonds, notes or other securities or obligations, secured or unsecured, and however evidenced, of any person, as- sociation or corporation as fully to all intents and purposes as an indiv- idual might do. To acquire by pur- chase, exchange or otherwise, real and personal property of any and all kinds; to sell, mortgage, pledge, hy- pothecate and otherwise dispose of and deal in such real and personal property as fully to all intents and purposes as an individual might do. To incur obligations Tn effectuarion of the business proposed to be trans acted by said corporation, and to ex- ecute, issue, deliver and deal in evil dences of its indebtedness of every kind, and to secure the same when ever it may determine by mortgage, pledge, hypothecation or other dispo- sition of its property, real or per and other security. To do all and everything necessary, suitable or proper for the accomplishment of the foregoing purposes, or anything which the Board of Directors of the corpor- ation may, from time to time, deem to be expedient for the protection or benefit of the corporation, either in the State of Arizona or in any other state or territory of the United States.
 ARTICLE V.
 The authorized amount of the cap- ital stock of this corporation shall be One Hundred Thousand Dollars, (S100, ,000.00), divided into one thous- and shares (1,000) of the par value of One hundred Dollars ($100.00) each. Such capital stock may be issued at such times as the Board of Directors may by resolution direct, either for real or personal property sold, con- veyed or transferred to this corpor- ation, and the capital stock so issued shall thereupon become and be fully paid up and non-assessable, and in the absence of actual fraud in the transaction the judgment of the Dr. rectors as to the value of the prop erty purchased shall be conclusive.
 ARTICLE VI.
 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 Corpor- ation Commission of Arizona, and the termination thereof shall be twenty five (25) years thereafter with the privilege of renewal as provided by law.
 ARTICLE VII.
 The affairs of this corporation shall be conducted by Board of Di- rectors composed of three stockhold- CTS who shall be elected annually on the first Monday in January of each year, at ten o'clock A. M., of said day. Until such first annual election in January, 1923, the following named stockholders shall serve as directors of this corporation for the present year and until the election and quail ification of their successors, to-wit:
 T. E. Pollock, R. R. Pollock and w. H. Katus.
 The names of the officers who shall have charge of the corporate affairs until their successors are elected and qualified are: T. D. Pollock, Presi- dent; R. R. Pollock, Vice-President, and w. H. Katus, Secretary and Treasurer.
 Two or more offices may be held by the same person.
 ARTICLE VIII.
 The Board of Directors shall have power to adopt and amend bylaws for the government of the corpora tion, to create and fill such other off, fices as they may deem desirable and fix the powers and duties thereof, and to appoint an executive commit tee and vest said committee with such