The Coconino sun., 1923-09-21

e01tYacgs Tor TIE sale lDy it Oh TT
banWa oE dekenl0Ies, ania any otae5
laWEat contracts, for sndn c0agidala-
4ioa t9 this corporation and upo1
smai4 lay1Bl terms aud eond4tions al
ln the Judgment off its BOARD of 0iroe-
Etafs aX be eN0e8ient and for Ihe
Best interests OF this corporation ane
Il igs staesatldeT; aal tp mortgage e
Rle af 9theeslte all oil any pert
Y 0f leg p1apaIEg real, personal and
4 iniNeas wlte1esae yer situale, to secure
its bonds siaoenbafes, IronaisaorY
s1atas, contracts, a3ld athef 0bliga-
tiens, ol eit9et or amy uhererecf, BIZ
jl6 made, issued Oh incurred, WIethe
ats prineipal o1 as such surety oY
I e9aTastof agogesaid
4 (nl mo haHe ard nlaintain, other
4 than and ii addition to its aforesaif
srrineipsl office, cne oil gnore office
1og tha taas saetioa Oh it's business
HMfhereat HleeUngs of it8 board of III
reet0rs a1ag be held, either within
s9r at any a&ace or places without the
STATE oil Arizona.
ARIICLE IV!
ca Tie total .atho9zed capital
stock Of this corporation shall be Fiji
4 ty Thousand (5G3009) dollars, divided
nso tive hundred 500 shares of the
nag valge o1 One handretl (lG0l dol.
iaFs eacl1s alt common stoak; provided.
thas the asapuus Of said dapital stoeR
I3aag -be increased oil decreased
and nay be issued id such amounts
8as shatl BE- determined b,f the board
of directors of this CORPORATION, in
accordance With and as Permitted b5
the laws sf sha State Of Arizona.
ARTICLE M.
(a1 The shares Of capital stock oi
69ls corporation may De Issued fof
cash 9r services OF property, ut sucs
finlc oF times Us MS board of directors
nlag bg resolution direct, upon sucl
conditions aHQ terms as iaaV ba ae
ternaea bH It's boaed Of directors
VITA 11i a0NeP and discMstion vested
iii IFS bosrd ot directors To fix thS
salHe of The property or services It'll
eNeAaagc for which said shares Of
stock may he ISSUED, aid III tle ID
senee of actual frasii any such yaiua
tiaa so fiAei shall be conclusive. The
board sc directors 1T tiia corporation
niaF 'i Aaia sfares Oh stock &C an5
6heEeaf 8of cash aa such price b
fca as aid board Of directors mas
fgSn time to time by resolution lie
tefniBc
(b) Am Shares 81 stock of thi
corporation silaii Sc issued fully PAID
anA non able, aaa the certificate
on certificates eyidencing the same
silai 80 rac4te.
ARTIcE WI
Tic time oe tie COMMENCEMENT of
this lpgatsn shall be the date Of
gre fiilHg 0f tlesa artiejls5 of incor-
naEEion Ia tAle office af the Corpora
loa Commission 81 the Slate of Afi-
zoHa3 aHd Idly Teeordaticn of a certi-
fied c4pg sllare0f "a The offices Of the
Il Desive county recorders of the
LOSING eoantles in the State of Ari-
19na: tac0ni80 and NaTajo, and II
safl terminate tweneg-five years
aEafter, Unless II be renewed in
He manner provided by lIiw.
ARTICLE VII.
la4 4a affairs oi this corporation
shall ha conducted governed and con-
lfalled Dg beard of fixis (5) direc-
tors. which nanber rs dilectors may
ba elthe increased q reduced by res
IH0A8@N O. la& Da#H1 OK G#feeEnFs.
{b) Sold haafd of directors shall
5e cleesed at the anaHal meeting Of
Qe3gEi0lde 9f tli ceepa alton WHICH
s1al I'D heid on he 3ftaenth lf6Gh)
DAG 81 February "a each year at 9:A5
0'ei a ehe forenoon, and all di
reeton shall serve untll their success
safs ne1tIVely are eleeted and
Qualiea
TEL ffntiI the first ann4al meeting
&c stockholders, and Until their sue
.ccssoss are elected and QIa lifted, the
folloV n@ named persons shall CONF
pose the board of directors Of this
corporations
Fl. Isl. Warren, David Babbltt, r. q.
Babbitt, 81 j. Bahbitt and Nm. Bah
bjtt
id3 The board ef directors of this
corporation shall have power to fiji
amy lcE "a vacancies occurring
in the board, aud also 70 fill amy VA
.eancy az vacancies occurring among
the officers of tic colpolatlon..
te) Said Board oI dirRetors shall
baVe full power 10 establish and
adopt hg-iaWs Ter the government of
this corporation, and to alter and
amend the same, and to- make all
vnfas ana regulations expeaient for
tha management of the affairs Of this
carporation
lid ANY person Who sfali cease to
.be Il stoekholaer shall thereupon cease
to be 4 director of this cooperation.
ARTICLE VIII.
(al The officers Of this corpora
ti9n shall be Il president yice-presi-
dant, secretary and tleasurer, and
they shali be elected re iectiyely By
tie b0aTd oF directors froH among the
st8elslacldefs eeliately after the
annual nleeainr of the stockholders
aud aaGh Officers shall hold office foT
one (1) 8ear or until theif successors
eaIigalg are eleeted add qualified.
lbl Until the first anrlaal meeting
of The board of direetaHa, the direc-
tors named herein snail elect the oI-
fcers Of this corporation.
lel The offices Of SECRETARY and
treasurer of this corporation may be-
held b9 owe ard tie same person, II
20 ordered Jg the board of directors.
ARTICLE IK.
The Highest amount Of indebted
aass of liability, direct or contingent,
rs which this corporation shall be sub
s4sk sssNxF ss,5ss 4s44.a afl ia 41ff