The Coconino sun., 1923-09-21
shall SO recite.
ARTICLE VI.

ARTICLE vi.
The time of the commencement
| this corporation shall be the date
the filing Of these articles Of inco
p9ration in the office Of the Corpoy
ton Commission Of the State Of Al
zona, and the recordation Of a cert
/ fled copy thereof in the offices Of Il
respective county recorders of Il
| following counties in the State
/ Arizona: Coconino and Apache, and
shall terminate twenty-five yea
thereafter, unless it be renewed
the manner provided BY law.
| ARTICLE VII.
| (a) The affairs of this corporatie
| shall be conducted, governed and cor
troiled by board Of five (5l dire,
/ tors, which number Of directors ma
| be either increased or reduced by re,
I olution Of the board of directors.
/ (b) Said board Of directors sha
! be elected at the annual meeting Z
stockholders of this corporation whic
! shall be he'd On the fifteenth (15th
day Of February in each year at 12.1
o'clock in the afternoon, and all d
rectors shall serve until their succes
sors respectively are elected an
qualified.
(c) Until the first annual NEE
ing Of stockholders, and until thei
i successors are elected and aualifiec
the following named persons sha
compose the board Of directors Of thi
corporation:
p. Rabbit, c. ]. Babbitt, Wn
Babbitt, A. Boenitsch and w. A. Saun
ders.
{dl 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.
te) Said board Of directors shal
nave full power to establish and atop
| bylaws for the government Of thi
corporation, and to alter and anent
the same, and to make all rules ans
regulations expedient for the manage
ment Of the affairs Of this corpora
tion
/ ff) Any person who shall ceas
to be a stoekholder shall thereupoi
cease to be director Of this corpora
tion.
AKIALE VIII.
(a) The officers of this CORPORA
ton shall be a president, vice-presi
dent, secretary and treasurer, anc
they shall be elected respectively b.,
the board Of directors from alnonf
the stockholders Immediately aftel
the annual meeting Of the stockhold
ers and such officers. shall hold office
tor one ID year or until their success
sors respectively are elected anc
qualified.
| tb) Until the first annual meeting
Of the board Of directors, the director
named herein shall elect the officer.
Of this corporation.
(c) The office Of secretary anc
treasurer Of this corporation may be
held by one and the same person, il
SO ordered by the board Of directors.
ARTICLE TX.
The highest amount OF Indebtedness
or liability, direct or contingent, tc
watch this corporation shall be sub.
Jeet at any one time shall be Two hun.
dred thousand and no-100 GOO,
| dollars.
ARTICLE X.
The names, residences and post of.
flee addresses of the incorporator.
are:
/ D. Babbitt, Flagstaff, Arizona.
] Y. ]. Babbitt, Flagstaff, Arizona.
! VIM. Babbitt, Flagstaff, Arizona.
"a. Boenitsch, Flagstaff, Arizona.
| w. A. Saunders, st. Johns, Arizona.
| ARTICLE XL.
Inc private property of the stock
holders of this corporation shall be
exempt at all times and in anv event
from any and all liability for its cor
pofate debts of any kind whatsoever.
ARTICLE XII.
The clauses hereinabove set forth
IN Article III hereof shall be con-
strued as a statement of both OBJ
Jects or purposes and powers, which
powers shall be cumulative; and no
recitation, expression or declaration
herein 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;
arid it is hereby expressly declared
that all other lawful powers not in
consistent herewith are hereby in
cluded; and this corporation shall
have power to carry into effect anv
one or more on 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,
land 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.
thering any one or more of its said
objects or purposes, to exercise any
| Oh 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 ana
all parts of the world.
In WITNESS WHEREOF, we have
hereunto set our hands this goth day
of August, Nineteen Hundred twenty.
three (l923).
d. BABBITT,
G. +. BABBITT,
WM. BABBTTT,