The Coconino sun., 1923-10-05


business as such agent, factor or bro
ker, and to receive compensation
therefor.
(f) 70 buy, own, hold, sell, lease
as lessor or lessee, construct, main
tain and operate reservoirs, canals
bitches, dams, fumes, tunnels, aque-
ducts, conduits, pipes and outlets, nat
ural or otherwise, for collecting, stor-
ing, developing, supplying, and dis
charging water for or in connection
with or pertaining to irrigation, agri-
cultural and live stock purposes, OF
any thereof, together with all lands,
buildings and other improvements in
or upon which to erect, install, place
use or operate any and all machin-
cry, equipment and appliances in any
way necessary or advantageeas
thereto.
(g) 70 acquire the business, good
will, rights and property, and to un-
dertake the whole or any part of the
business and assets and liabilities, of
any and all other persons, firms, as
sociations or corporations, and to pay
for the same in cash, stock or bonds
of this corporation, or otherwise, as
may be determined by the board of
directors of this corporation.
(h) To aid by way Of surety Or
guarantor any and all other persons.
firms, associations and corporations
of whom or of which any shares,
stocks, debentures, bonds. notes, mort
cages, securities, or other obligations
or evidences of indebtedness, of any
and every kind or description, may be
owned or held by this corporation,
whenever, in the judgment Of the
board of directors of this corporation,
expedient and necessary for the pro-
lection and conservation of the inter
ests of this corporation and its stock
holders so to do.
III To conduct and carry on the
business Of purchasing, manufactur-
ing, producing, selling and generally
dealing in goods, wares, merchandise,
and materials, whether crude or man
ufactured, of any and every kind or
description, which may be necessary
or Incidental to or the subject of a
general mercantile and general man
ufacturing business.
(j1 To carry on any lawful opera
tion or operations, enterprise or en-
terprises, either within or without the
State OF Arizona, and to enter into
make, perform and carry out con-
tracts of any and every kind for any
lawful purpose, without other than le-
gal restriction or limit as to amount
with any and all other persons, firms
associations or corporations, or with
any government or governmental sub
division or body polite, whether for
eign or domestic, and whether now on
hereafter organized, and generally te
deal in any and all property, real
personal, afid mixed, Of any and ev-
cry kind or description, wneresoeve1
situate.
(k) To apply for, obtain and ac.
quire by purchase or otherwise, either
by the payment of money or by the
exchange of shares of stock or Sc
curities or evidences of indebtedness
of this corporation therefor, and Il
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.
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 and all products and article:
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 fol
the use of any and all such letters
patent, licenses, concessions, anC
grants aforesaid, and generally tc
deal in such products and article:
aforesaid or any thereof.
() To borrow money for its cor
porate purposes; to make and issue its
bonds, debentures, promissefy notes
and other obligations, or either or any
thereof, as evidence of its indebted
ness so created; to issue shares of its
capital stock in payment for property
real, personal or mixed, purchased OF
acquired by it, or for any other law.
full object or purpose in and about its
business; to negotiate it's contracts
for the sale by it of its bonds or de
bentures, and any other lawful con
tracts, for such consideration to this
corporation and upon such Lawful
| terms and conditions as in the judg
ment of its board of directors may b.
expedient and for the best interests
of this corporation and its stockhold
ers; and to mortgage, pledge, or hy
pothecate all or any part of its prop
erty, real, personal and mixed, where
soever situate, to secure its bonds, de
bentures, promissory notes, contracts
and other obligations, or either or an.
thereof, by it made, issued or incur
red, whether as principal or as sucl
surety or guarantor aforesaid.
| lm) To have and maintain, other
than and in addition to its aforesai.
principal office, one or more office
for the transaction of its business
whereat meetings of its board of di
/ rectors may be held, either within O
at any place or places without th'
State of Arizona.
ARTICLE w.
(a) The total authorized capita
stock of this corporation shall b
Three hundred thousand 100000
dollars. divided into three thoasan
! f3, ,000) shares OF the par value Q
! One hundred (100l dollars each, al
common stock; provided, that TIL
amount of said capital stock may b