The Coconino sun., 1923-10-05


directors Of this corporation.
(h) To aid by way Of surety
guarantor any and all other persons
firms, associations and corporation
of whom or Of which any shares
stocks, debentures, bonds, notes, mort
cages, securities, or other obligation
or evidences of indebtedness, Of an,
and every kind or description, may b
owned or held by this corporation
whenever, in the judgment Of tn
board of directors of this corporation
expedient and necessary for the pro
lection and conservation Of the inter
ests of this corporation and it's stock
holders so to do.
ID To conduct and carry on th
business of purchasing, manufactur
ing, producing, selling and generall
dealing in goods, wares, merchandise
and materials, whether crude or man
ufactured, of any and every kind 0
description, which may be necessar
or incidental to or the subject Of
general mercantile and general man
ufacturing business.
ID To carry on any lawful opera
ton or operations, enterprise or en-
terprises, either within or without tn
State of Arizona, and to enter into
make, perform and carry out con
tracts of any and every kind for an
lawful purpose, without other than le
gal restriction or limit as to amount
with any and all other persons, firms
associations or corporations, or wit
any government or governmental sub
division or body polite, whether for
eign or domestic, and whether now
hereafter organized, and generally
deal in any and all property, rea.
personal, and mixed, of any and ev
cry kind or description, wheresoeve
situate.
(k) To apply for, obtain and &C
qllire by purchase or otherwise, eithe
iby the payment of money or by th
| exchange of shares Of stock or sc
curities or evidences Of indebtedness
of this corporation therefor, and t
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
\ A4lA w oil anu eAl1 PIQQukSS anu dIl
icles which may be the subject Of lei
ters-patent, or to manufacturing de
vices, appliances, tools and maehiner
for the manufacture and productic
of any and all products and article
Of special or general use in any indus
try or industries, or for general us
and consumption, and to sell, lease
or otherwise dispose Of or deal wit
state, county, city and town rights fo
the use Of any and all such letters
! patent, licenses, concessions, an
grants aforesaid, and generally t
deal IN such products and article
aforesaid or any thereof.
| (D To borrow money for its cor
porate purposes; to make and issue il
bonds, debentures, promissory note.
and other obligations, or either or an
| thereof, as evidence of its indebted
ness SO created; to issue shares of it
capital stock in payment for property
real, personal or mixed, purchased 0
acquired by it, or for any other law
| ful object or purpose in and about it
| business; to negotiate its contract
for the sale by it of its bonds or dc
| bentures, and any other lawful cor
| tracts, for such consideration to thi
corporation and upon such lawfI
terms and conditions as in the jude
nlent of its board of directors may b
expedient and for the best interest
| of this corporation and it's stockholc
ers; and to mortgage, pledge, or hy
pothecate all or any part of its proI
erty, real, personal and mixed, where
soever situate, to secure its bonds, dc
bentures, promissory notes, contracts
and other obligations, or either or an
thereof, by it made, issued or incur
red, whether as principal or as sue
surety or guarantor aforesaid.
| (m) To have and maintain, othe
than and in addition to its aforesai
| principal office, one or more office
| for the transaction of its busines'
| whereat meetings of its board of d
rectors may be held, either within
at any place or places without th
State Of Arizona.
ARTICLE ".
| (a) The total authorized capita
stock of this corporation shall b
Three hundred fifty thousand $3.50,
0O0) dollars, divided into three thou
sand five hundred (3,500) shares o
/ the par value of One hundred (100
| dollars each, all common stock, Pre-
| vided, that the amount Of said capits
stock may be increased or decrease
and may be issued in such amounts a
shall be determined by the board 0
| directors of this corporation, in &C
cordance with and as permitted by tn
| laws of the State of Arizona.
ARTICLE ".
(a) The shares of capital stock
this corporation may be issued fo
cash or services or property, at sue
| time or times as its board of direC
tors may by resolution direct, upo
such conditions and terms as may b
determined by its board of director
with full power and discretion veste
in its board of directors to fix tn
value of the property or services j
exchange for which said shares c
stock may be issued, and in the al
sence of actual fraud any such valus
tions SO fixed shall be conclusive. Tn
board of directors of this corporatio
may sell said shares of stock or an
thereof for cash at such price 0
prices as said board of directors mia
from time to time by resolution dc
tel1nine.
(b) All shares Of stock Of thi
| >o,.,,,wa +io, cho1l ha Scc11ad fully mi