The Coconino sun., 1923-11-16
Page Seven

holders so to do.
G) To conduct and carry on the
business Of purchasing, manufactur-
ing, producing, selling and generally
dealing in goods, wares, merchandise,
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 a
general mercantile and general man
ufacturing business.
(J) To carry on any lawful opera
tion or operations, enterprise or en-
terprises, elmer within or without the
State Of Arizona, and to enter into
make, perform and carry out con-
tracts of any and every kind for any
lawful purpose, without other than le-
gal restriction or limit as to amount
with any and all other persons, firms,
associations or corporations, or with
any government or governmental sub
division or body polite, whether for
eign or domestic, and whether now OF
hereafter organized, and generally to
deal in any and all property, real.
personal, and mixed, Of any and ev-
cry kind or description, wheresoever
situate.
(k) To apply for, obtain and ac-
quire by purchase or otherwise, either
by the payment Of money or by the
exchange of shares of stock or Sc
cuflties or evidences of indebtedness
of this corporation therefor, and to
own, hold, control, sell, assign. rrans-
fer, or otherwise dispose of letters
patent Of the United States of Amer
lca, and Of any other country or coun-
tries, licenses, concessions and grants,
for or in respect of inventions relat-
ing to any and all products and art
icles which may be the subject of let
tefs-patent, or to manufacturing de-
vices, appliances, tools and machinery
for the manufacture and production
Of any and all products and articles
Of special or general use in anv indus
try or industries, or for general use
and consumption, and to sell, lease
on otherwise dispose of or deal with
state, county, city and town rights for
the use of any and all such letters
patent, licenses, concessions, and
grants aforesaid, and generally to
deal IN such products and articles
aforesaid or any thereof.
: Cd To borrow money for its cor
porate purposes; to make and issue its
bonds, debentures, pronissory notes.
and other obligations, or either or any
thereof. as evidence Of It's indebted
ness so created; to issue shares of its
capital stock in payment for property,
real, personal or mixed, purchased or
acquired by it, or for any other law
ful object or purpose in and about its
business; to negotiate its contracts
for the sale by it Of it's bonds or de-
bentures, and any other lawful con
tracts, for such consideration to this
and upon such lawful
terms and conditions as in the iude-
ment of its board Of directors may be
and for the best interests
OF this corporation and its stockhold-
efs; aAd to mortgage, pledge, or hy-
pothecate all or any part of its prop
erty, real, personal and mixed, where
soever situate, to secure its bonds, de-
bentures, promissory notes, contracts,
and other obligations, or either or any
thereof, by it made, issued or incur
red, whether as principal or as such
surety or guarantor aforesaid.
(n) To have and maintain, other
than and in addition to it's aforesaid
principal office, one or more offices
for the transaction of its business,
meetings of its board of di-
rectors may be held, either within or
at any place or places without the
State of Arizona.
ARTICLE w.
(a) The total authorized capital
stock of this corporation shall be One
hundred fifty thousand (150,000) dol
ars, divided into one thousand
i've hundred (1,500) shares of
he par value of One hundred
,100) dollars each, all common
took; provided, that the amount
# said capital stock may be Increased
II decreased and may be issued in
uch amounts as shall be determined
" the board of directors of this cor
in accordance with and as
permitted by the laws of the State
i Arizona.
ARTICLE v.
(a) The shares of capital stock of
his corporation may be issued for
ash or services or property, at such
inle4 or times as its board of direc-
ors may by resolution direct, upon
uch conditions and terms as may be
by its board of directors,
With full power and discretion vested
n its board of directors to fix the
-alue of the property or services IL
Exchange for which said shares Of
took may be issued, and in the alb
ence of actual fraud any such valua-
ions so fixed shall be conclusive. The
'oard of directors of this corporation
nay sell said shares of stock or any
hereof for cash at such price or
,rices as said board of directors may
rom time to time by resolution de-
ermine.
(b) All shares Of stock of this
shall be issued fully paid
nd worcestershire, and the certificate
r certificates evidencing the same
hall so recite.
ARTICLE VI.
The time of the commencement of
his corporation shall be the date of
he filing of these articles of incor-
,oration in the office of the Corpora
ion Commission of the State of Ari-
ona, and the recordation of a certi-
led copy thereof in the offices of the
espective county recorders of the
GLOWING counties in the State of
.rizona: Coconino, Yavapai and Mari
Il IL 49,.