The Coconino sun., 1923-10-12

SOCldClOIlS OF COTpOTdLlOHS, ana 20 pay
for the same in cash, stock or bonds
of this corporation, or otherwise, as
may be determined by the board IF
directors of this corporation.
(h) To aid by way of surety or
guarantor any and all other persons,
firms, associations and corporations OF
whom or of which any shares, stocks,
debentures, bonds, notes, mortgages
securities, or other obligations or evil
dences of indebtedness, of any and
every kind or description, may bt
owned or held by this corporation,
whenever, in the judgment Of tha
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 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, either 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
legal restrictions or limit as to
amount, with any and all other per-
sons, firms, associations or corpora
tions, or with any government or gov
ernmental subdivision or body polite,
whether foreign or domestic, and
whether now or hereafter organized,
and generally to deal in any and all
property, real, personal, and mixed,
Of any and every kind or description,
wheresoevef 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 secur-
tiles or evidences of Indebtedness of
this corporation therefor, and to own,
hold, control, sell, assign, transfer, or
otherwise dispose of letters-patent Of
the United States Of America, and of
any other country or countries, IL
q L
in respect of inventions relating to any
and all products and articles which
may be the subject of letters4atent
or to manufacturing devices, appli-
ances, tools and machinery for the
manufacture and production of any
and all products and articles Of spec
ial or general use in any industry or
industries, or for general use and
consumption, and to sell, lease, or
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.
(D To borrow money for its cor
porate purposes; to make and issue
its bonds, debentures, promissory
notes, and other obligations, or either
or any thereof, as evidence of its in
debtedness 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 lawful object or purpose in
and about its business; to negotiate
bonds or debentures, and any other
lawful contracts, for such considera-
ton to this corporation and upon such
lawful terms and conditions as in the
Judgment of its board of directors may
be expedient and for the best interests
Of this corporation and its stockhold-
ers; and 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,
debentures, promissory notes, con-
tracts, and other obligations, or either
or any thereof, by it made, issued or
incurred, whether as principal or as
such surety or guarantor aforesaid.
(m) To have and maintain, other
than and in addition to its aforesaid
principal office, one or more offices
for the tranaction of its business,
whereat meetings of its board of d.
rectors may be held, either within or
at any place or places without the
State of Arizona.
ARTICLE ".
(a) The total authorized capital
stock of this corporation shall be Fif-
ty thousand (50,000) dollars, divided
AIiIU IlNS AuiiOiCQ kCpOJ SAidlCo VI NllC
par value Of One hundred (100) dol
lars each, all common stock; provided,
that the amount of said capital stock
may be increased or decreased and
may be issued in such amounts as
shall be determined by the board Of
directors of this corporation, in ac-
cordance with and as permitted by the
laws of the State of Arizona.
ARTICLE V.
(a) The shares of capital stock Of
this corporation may be issued for
cash or services or property, at such
time or times as its board of directors
may by resolution direct, upon such
conditions and terms as may be de-
teunined by its board of directors,
with full power and discretion vested
in its board of directors to fix the
value of the property or services in
exchange for which said shares
of stock may be issued, and in
the absence of actual fraud any
such valuation so fixed shall be
conclusive. The board of directors of
this corporation may sell said shares
of stock or any thereof for cash at
such price or prices as said board of