The Coconino sun., 1923-09-14

any government or governmental sub
division or body polite, whether for
eign or domestic, and whether now or
hereafter organized, md generally to
deal in any and all property, real,
personal, and mixed, of any and ev-
cry kind on description, Wheresoever.
situate.
(kl To apply for, obtain and ac-
qllire By purchase or otherwise, either
by the payment of money or by the
exchange of shares Of stock or se-
curities or evidences of indebtedness
Of this corporation therefor, and to
own, hold, control, sell, assign, trans
fer, or otherwise dispose of letters
patent Of the United States of Amer
ica, and of any other country or coun-
tl1es, licenses, concessions and grants,
for or in respect Of inventions reIat-
ing to any and all products and art
icles which may be the subject Of let
ters-patent, or to manufacturing de-
vices, appliances, tools and machinery
for the manufacture and production
of any ard all products and articles
OF special or general use in any indus
try or industries, or for general use
and consumption, and to sell, lease
or otherwise dispose Of or deal with
state, county, city and town rights for
the use Of any and all such letters
patent, licenses, concessions, and
grants aforesaid, and generally to
deal in such products ard articles
aforesaid or any thereof.
Q) 70 Borrow money for its cor
porate puposes; to make and issue its
| bonds, debentures, promissory notes,
and other obligations, or either or any
| thereof, as evidence Of its indebted
Izass so created; to issue shares Of its
capital stock in payment for property,
real, personal or mixed, purchased or
acquired by it, or fer any other law
ful object or purpose in and about its
/ business; to negotiate its contracts
for the sale by it of its bonds or de-
.heatures, and any other lawful con-
tracts, for such consideration to this
Eeorporation and upon such lawful
terms and conditions as IN the4 iudg-
ment of its board of directors may be
expedient and for the best interests
of this corporation and its stockhold-
ers; and to mortgage, pledge. or hy-
pothecate al or any part Of it's prop
erty, real, personal and mixed, where
seeyer situate, to secure its bonds, de-
bentures, promissorY notes, contracts,
and other obligations, or either or any
/ thereof By it made, issued or incur
red, whether as principal or as such
surety or guarantor aforesaid.
(Tn) To have and maintain, other
than and IN addition to its aforesaid
| principal office, one or more offices
/ fn5a o4s 1f
whereat meetings of its hoard Of d.
rectors may be held, either within OF
at any place or places without the
State Of Arizona.
ARTICLE w.
(a) The total authorized capital
Fstoek Of this corporation shall be One
million (1,000,000) dollars divided in
to ten thousand 100000 shares Of the
par value of One hundred (100) dol
lars each, all common stock; provided,
that the amount of said capital stock
may be increased or decreased and
may be issued in such amounts as
shall be determined by the board Of
directors ef this corporation, in ac-
Ieordance with and ais permitted by the
laws OF the State of Arizona.
ARTICLE Y.
(a) The shares of capital stock OF
this corporation may be issued fol
cash or services or property, at such
| time or times as its board of direc
tors may by resolution direct, upon
such conditions and terms as may bf
determined by its board of directors
with full power and discretion vested
in its board Of directors to fix the
value Of the property or services ia
exchange. for which said shares Oh
stock may be issued, and in the alb
sence OF actual fraud any such valua.
tions SO fixed shall be conclusive. The
board Of directors Of this corporation
may sell said shares Of stock or any
thereof for CASH ali such price o.
prices as said board of directors may
from time to time 10y resolution de-
| termine
/ fb) All shares of stock Of thi;
corporation shall be ISSUED fully paie
and non-assessable, aud the certificate
or certificates evjcencing the Same
shall SO recite.
ARTICLE VI.
The time Of the commencement oi
this corporation shall be the date o1
the fling of these articles of incer-
| poration in the office of the Corpora
tion Commission Of the State of Ari
zona, and the reeordation Of a ceTti
fled copy thereof IN the Offices Of tn
| respective county recorders Of the
following counties in the State 81
Arizona: Coconirio and Navajo, and il
lshall terminate twenty-five Years
thereafter unless it be renewed in the
manner provided BY law
ARTICLE VII
/ (a} The affairs of this corporation
shall be conducted, governed and con
trolled by q board of five (5) direc-
tors, which number of directors may
/ be either increased or reduced by res
olution of the board of directors.
Obi Said board Of directors shall
I be elected at the annual meeting o.
/ stockholders of this corporation which
shall be held on the fifteenth (15th)
day of February IN each year at 12:Ot
o'clock noon, and all directors shall
serve until their successors respective
| ly are elected and qualified.
(c4 Until the first annual meet
ling oil stockholders, and until then
successors are elected and qualified
| the following named persons shal
l IL u .-.c -. 4 /,