The Coconino sun., 1923-09-28
shall SO EeeitG.
E'TIfiT - 4yT

| LlOn COMMISSION OF tEG state ct An
zona, and the recordati8n 81 q ceyt
fled copy thereof in the office of IA
respective county recorders of T.
following counties in the State
Arizona: Coconi1o and hpaehe. and
shall terminate twenaV -five YEA
i Lhe1 CATER, gnless it be renewed
the manner provided bv law.
ARTICLE VII.
TAI The aifai1s 0G tais c0fp0ratff
shall be coneucIed governed and e0i
ltf0ilea by board Al live go dire
gcrs which number oe Airectofs na
De either increased OF reduced bp sa
olution of the board of directors.
(b) Said board of directors sha
| be elected at the annual meeting
! stockholders Of this corporation whic
shall be held on the fifteenth q5th
day of February in each year at 12:1
O'Clock in the afternoon, and all d
rectors shall serve until their sucees
sors respectively are elected an
qualified.
(c) Until the first annual NEE
ing of stockholders, and until thei
successors are elected and qualifieC
the following named persons sha
compose the board of directors of thi
corporation:
D. Babbitt, C. ]. Babbitt, Wn
Babbitt, A. Boenitsch and w. A. Saun
ders.
(d) The board of directors of thi,
corporation shall have power to fiji
any vacancy or vacancies occurring il
the board, and also to fill any va
cancy or vacancies occurring amonf
the officers of the corporation.
(e) Said board of directors shal
have full power to establish and adop
bylaws for the government OF TT
corporation, and to alter and anseuf
The same, and 70 make aii f1Ias "a,
regulations e1pedient ol che manage
ment OF the affairs OF this corpora
ton.
(f) Any person who shall cease
to be stockholder shall thereupor
cease to be director of this corpora
ton.
ARTICLE VIII.
(a) The officers of this corgofs
ton shall be z president. viee 8res
dent. aecretarY and 1raasurer an,
they shall be elected resBactivelr b
the boarG IS directors ir8m aaape
the stockholders Immediately a.1e
The annual meeting O. die steakhell
ers ana sach Officers shal hold osl.ce
Tor oae ~ ye4r o. until thar saaee
soEs espectIvel are elected en
qualified
te1 Until the fin annual meeting
ol the beard of directors the diracterr
hamed herein shall siecf the effiee~-
pf tins corporation
lc} The office ii secretary spd
treasurer Of tais cofrugsttian rag ~
held By one and 5he same nor oa. r
ia ordered bg the board OF directors
ARTICLE III
Fhe hlgiiest amount 81 indebtedness
0r laolilty, e4ees or contingent, to
Hhieh THIS cQE9o atifn ahall BE su6-
lee. IT a one time l.e GNo hons
tired thoUsaAd ard po-1fG iZ3s 600 0C)
!o'lars.
ARTICLE q.
the names, residences and post oil
Lice addresses of the acol Borators
iEra:
y. B4bbitt, Flagstaff. Arizona.
e. i h@90lH, Eia0l8ff Arizona
W4u Ba8bstf EiaaUaf Szoaa
*, boelgitel. tiaestaft. Aczuua
W. A. Saundazs, ST Johns. tizoDa
ARTICLE XI.
The private property Of the stock
holders of this corpor ltion Shall be
exempt at all times and in any event
from any and all liability for its cor
norate debts of alv KIND ,ehafsoa,re7.
ARTICLE XII
The clauses hereinahope Set fortd
ln Asticie III hereof shall be eon-
strued as 5tatFnene oi both 0b-
Jsess or p1Eposes end powers which
EoWees shall ee cumulative and no
recitation, expression OF de la@on
neleln OF any specified object or pur-
pose or special power shall be deemed
to be exclusive of any one or more of
the others, or of any other power
which may be lawfully exercised;
and it is hereby expressly declared
that all othen lawful powers not in
consistent Herewith are hereby in
cluded; and this corporation shall
have power to carry into effect any
one or more or all of the objects or
purposes hereinabove set forth, and
to that end to do any one or more OF
all of the acts and things aforesaid,
and likewise any or all such other acts
and things necessary or incidental
thereto as sEch corporation may law
fully do; and in conducting and carry
ing on its business, and for the pur-
pose of attaining, promoting or fur.
theriDg any one or more of its said
objects or purposes, to exercise any
or all powers aforesaid, and any other
or additional powers now or hereafter
authorized by law which a natural
person might or could lawfully exer-
else in the premises, either alone or
in conjunction with others, in any and
all parts of the world.
IN WITNESS WHEREOF, VIE have
hereunto set cur hands thi 29sh ay
OF August, Nineteen Hundied t&e
three 1929.
ID. BABBITT,
C. J. BABBITT,
VIM. BABBITT,
A. BOENITSCH,
w. A. SAUNDERS.
State Of Arizona,