The Coconino sun., 1923-09-14

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associations or corporations, or with
any government or governmental sub
division or body polite, whether for
eign or domestic, ano whether now or
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-
uuire bv purchase or otherwise, either
by the payment of money or by the
exchange of shares of stock or Sc
curities or evidences of indebtedness
of this corporation therefor, and to
own, hold, control, sell, assign, trans
fer, or otherwise dispose of letters
patent of the United States of Amer
lea, 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
ters- 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 any indus
try or industries, or for general use
and consumption, and to sell, lease
or otherwise dispose of or deal with
state, county, city ard 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.
ID To borrow money for its cor
porate puposes; to make and issue its
bonds, debentures, promissory notes,
and other obligations, or either or any
thereof, as evidence Of its 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 its bonds or de-
bentures, and any other lawful con-
tracts, for such consideration to this
corporation and upon such lawful
terms and conditions as in the judg-
nlent Of its board Of directors may be
expedient and for the best interests
of this corporation ard 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, 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.
(n1) To have and maintain, other
than and in addition to its aforesaid
principal office, one or more offices
for the transaction of its business,
whereat meetings of its board of di-
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
Three hundred thousand l300,000) dol
lars, divided into three thousand
(3.OCOy shares of the par value OF
One hundred (100) dollars each, al
stock; previded, that the
amount Of said capital stock may be
increased or decreased, and may be IS
sued in such amounts as shall be de-
termined by the board of directors Of
this corporation, in accordance with
and as permitted by the laws of the
State OF Arizona.
ARTICLE v.
Cal The shares of capital stock of
this corporation may be issued for
cash or services or property, at such
time or times as it's board of direc-
tors may by resolution direct, upon
such conditions and terms as may be
determined 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 abb
sence of actual fraud any such valua
tions so fixed shall be conclusive. The
board Of directors of this corporation
may sell said shares of stock or any
thereof for cash alt sach price or
prices as said board Of directors may
from time to time by resolution de-
termine.
(b) All shares of stock Of this
corporation shall be issued fully paid
and -assessable, and the certificate
or certificates eyidencing the same
shall SO recite.
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 Corpora
ton Commission ef the State of Ari-
zona, and the recprdation sof certi-
fled copy thereof in the offices of the
RESPECTIVE county recorders of the
following counties in the State Of
Arizona: Coconino, Navajo, .Yavapai
and Maricopa, and it shall terminate
twenty-five years thereafter, unless it
be renewed in the manner provided by
law.
ARTICLE VII.
(a) The affairs of this corporation
shall be conducted, governed and con-
trolled by a board Of three (3) direc-
tors. which number of directors may
be either increased or reduced by res
olution Of the board of directors,
(bl Said board of directors shall
he elected at the annual meeting Of
stockholders of this corporation which
shall be held ON the fifteenth (15th)
dav Of February In each year at 100
o'clock in the afternoon, and all d.,
rectors shall serve until their success
sors respectively are elected ana