The Coconino sun., 1923-09-28

this corporation shall be the Town of
Flagstaff, in the County of C'oeonino,
State of Arizona.
ARTICLE III.
The general nature of the business
and objects or purposes proposed to
be transacted and carried on by this
corporation is as follows:
(a) To buy, own, hold, sell, bar
ter, exchange, mortgage, pledge, hy-
pothecate, breed, raise, fatten, market
and otherwise dispose of and deal in
horses, mules, cattle, sheep, hogs and
other live stock, and generally to
conduct and carry on a ranch and live
stock business, either within or with
out the State of Arizona.
(b) To buy, own, hold, sell, barter,
exchange, lease as lessor or lessee,
mortgage, improve, cultivate, operate,
subdivide, and otherwise dispose of
and deal in lands and property either
within or without the State of Ari-
coma, and any and all interests there
in, wheresoever situate, together with
any and all improvements, tools, inn.
plements, equipment, supplies, and
any and all other personal property
of any and every description, IN any
way necessary or advantageous to the
Improvement, operation and main
tenance of any property owned, held
or controlled by this corporation.
T (c) To lend money to any and all.
other persons, firms, ASSOCIATIONS or
corporations, whether foreign or do
mestic, upon the security Of mortgage
or mortgages on horses, mules, cattle,
sheep, hogs and other live stock, or
lands or other property of any and
every description, either within or.
without the State of Arizona, or
without, such security, upon such
terms and conditions as may be de-
terrnined by the board Of directors of
this corporation.
cd To buy, own, held control,
sell, negotiate, pledge, hypothecate,
barter, exchange, and otherwise dis
pose of and generally deal in shares,
stocks, debentures, bonds, scrip, prom
issory notes, mortgages, securities.
and other evidences of indebtedness,
made, issued or created by any and
all other persons, firms, associations,
or corporations, or by any govern
ment or governmental subdivision OF
body. polite, whether foreign or do
mestic; and whether now or hereafter
organized; and while the holder there
of 81 exercise any and all rights and
privileges of ownership, including the
right to vote thereon, to Che Same ex-
tent as a natural person might or
could do.
(e) To conduct and carry on a
general agency and brokerage busi-
ness, and to act as agent; factor or
broker, either within or without the
State Of Arizona for and on behalf of
any and all other persons, firms, as
sociations or corporations, or any
government or governmental subdiv-
Ision or body polite, whether foreign
or domestic, and whether now or
hereafter organized, in or about the
negotiation, creation, purchase or sale
Of any such securities and property
aforesaid, to-wiit, horses, mules, cat
tie, sheep, hogs and other live stock,
or Of lands, goods, wares, n1efchan-
disc, and materials, whether crude or
manufactured, of any and every kind
or description, wheresoevel situate,
and in or about the transaction and
carrying on of any and all kinds of
business as such agent, factor or bro
ker, and to receive compensation
therefor.
(f) To buy. own, hold, sell, lease
as lessor or lessee, construct, main
tain and operate reservoirs, canals,
bitches, dams, fumes, tunnels, aque-
ducts, conduits, pipes and outlets, nat
ural or otherwise, for collecting, stor
ing, deveIoping, supplying, and dis
charging water for or in connection
with or pertaining TO irrigation, agri-
cultural and live stock purposes, or
any thereof, together with all lands,
buildings and other Improvements IN
or. upon which to erect, install, place
use or operate any and all machine
cry, equipment and appliances IN any
way necessary or adv antageous
thereto.
lg) To acquire the business, good
will, rights and property, and to un-
dertake the whole or any part of the
business and assets and liabilities, of
any and all other persons, firms, as
sociations or corporations, end to pay
4OI Liz Sc14i1C III C<<S1t, StOSh. VI OOltAo
of this corporation, or otherwise, as
may be determined by the board Of
directors of this corporation.
lll) To aid by way of surety or
guararitor any and all other persons,
firms, associations and corporations
of. whom or of which any shares;
stocks, debentures, bonds, mites, mort
cages, securities, or other obligations
or evidences Of indebtedness, Of any
and every kind or description, may be
owned or held by this corporation,
whenever, in the Judgment of the
board Of directors of this corporation,
expedient and necessary for the pro-
lection and conservation of the inter
ests of this corporation and its stock
holders so to do.
ID To conduct and carry on the
business of purchasingy fnanufactur-
ing, producing, selling and generally
dealing in goods, wares, me rcl1andise,
and materials, whether crude or man
ufactured, Of any and every kind or
description, which may be necessary
or incidental to or the subject of
general mercantile and general man
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