The Coconino sun., 1923-10-19

ton shall be president, vlce-presl-
dent, secretary and, treasurer, and
they shall be elected respectively by
the board of directors from among
the stockholders Immediately after
the annual meeting of the stockhold-
ers, and such officers shall hold Of
flee for one "a year or until their
successors respectively are elected
and qualified.
(b) Until the first annual meeting
of the board of directors, the directors
named herein shall elect the officers
of this corporation.
(c) The offices of secretary and
treasurer of this corporation may be
held by. one and the same person, if
so ordered by the board of directors.
ARTICLE TX.
The highest amount of indebted
ness or Liability, direct or contingent,
to which this corporation shall be sub
ject at any one time shall be Sixty
six thousand six hundred sixty-six
and 67-100 (66,666.67) dollars.
ARTICLE x.
The names, residences and post of
flee addresses of the incorporators
are:
j. P. Kerley, Tuba City, Arizona.
d. Babbitt, Flagstaff, Arizona.
r. G. Babbitt, Flagstaff, Arizona.
C. j. Babbitt, Flagstaff, Arizona.
VIM. Babbitt, Flagstaff, Arizona.
ARTICLE XI.
The private property of the stock
holders of this corporation shall be
exempt at all times and in any event
from any and all liability for its cor
porate debts of any kind whatsoever.
ARTICLE XII
The clauses hereinabOve set forth
in Article III hereof shall be construed
as statement of both objects or pur-
poses ard powers, which powers shall
be cumulative; and no recitation, ex-
preston or declaration herein of any
specified object or purpose or special
power shall be deemed to be exclu-
sive 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 other law
full powers not inconsistent Herewith
are hereby included; and this corpora
ton 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 or all of the acts and things
aforesaid, and likewise any or all such
other acts and things necessary or in
cidental thereto as such corporation
may lawfully do; and in conducting
and carrying on its business, and for
the purpose of attaining, promoting
or furthering any one or more of
its said objects or purposes, to exer-
else any or all powers aforesaid, and
any other or additional powers now
or hereafter authorized by law which
a natural person might or could law
fully exercise in the premises, either
alone Oh. in conjunction with others,
in any and all parts of the world.
IN WITNESS WHEREOF, we have
hereunto set our hands this Goth day
of August, Nineteen Hundred twenty
three (1923).
J. P. KERLEY,
D. BABBITT,
r. G. BABBITT,
C. j. BABBITT,
VIM. BABBITT.
State of Arizona,
County of Coconino, SIS.
The foregoing instrument was
acknowledge before me this 9th day
of August, 1928, by j. P. Kerley, D.
Babbitt, r. G. Babbitt. G. J. Babbitt
and VIM. Babbitt.
G. w. JAKLE,
(Seal) Notary Public.
My commission expires Mar. 27, 1927.
ARIZONA CORPORATION COM
MISSION, Incorporating Department.
Filed Sept. 10, 1923 at 1000 A. M. at
request of C. N. Miller, whose address
is Phoenix, Arizona.
F. J.. X. MCBRIDE,
Secretary.
Secretary.
By Gertrude Fogle.
Recorded at request of A. Belmont
Sept. II, A. D. 1923, at 2:45 o'clock
P. NJ, in Book 8 of interpretations,
Page It's, Records of Coconino Count
ty, Arizona.
r. H. MARINE,
County Recorder.
By Fred Metz, Deputy.