The Coconino sun., 1923-11-02

this corporation shall be the date of
the filing Of these articles of incor-
| poration in the office Of the Corpora
ton Commission Of the State of Ari-
zona, and the recordation of certi-
fled copy thereof in the offices of the
respective county recorders Of the
following counties in the State of
Arizona: Coconino and Yavapai, and
it shall 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 board of three (3) direc-
tors, which number Of directors may
be either increased or reduced bv res
olution of the board of directors.
(b) Said board of directors shall
be elected at the annual meeting of
| stockholders of this corporation which
shall be held on the fifteenth (15th)
day of February in each year at 200
o'clock in the afternoon, and all di-
rectors shall serve until their success
sors respectively are elected and
qualified.
(c) Until the first annual meet.
ing Of stockholders, and until their
successors are elected and qualified,
the following named persons shall
compose the board of directors of this
corporation:
Ramon Aso, Jos. R. Babbitt and C.
j. Babbitt.
(d) The board Of directors of this
corporation shall have power to fill
any u9pancyy ~. t1aoa,,as1 80, o.aa.,-.......
the board, and also to fill any va
cancy or vacancies occurring among
the of1lcers OF the corporation.
te) Said board Of directors shall
nave full power to establish and adopt
bylaws for the government of this
corporation, and to alter and amend
the same, and to make all rules and
regulations expedient for the manage
ment Of the affairs of this corpora
tion.
81 Any person who shall cease
to be stockholder shall thereuDon
cease to be director of this corpora
ton.
ARTICLE VIII.
(a) The officers of this CORPORA
ton shall be president, vice-presi-
dent, secretary and treasurer, and
they shall be elected respectively bv
the board Of directors from among
the stockholders Immediately after |
the annual meeting of the stockhold
ers and such officers shall hold office I
for one ID year or until their success
sors respectively are elected and
qualified.
(b) Until the first annual meeting I
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 Indebtedness
or liability, direct or contingent, to
which this corporation shall be sub
lect at any one time shall be One hun
dred thirty-three thousand three hum
dred thirty-three and 34-10O (133.-
333.34) dollars.
ARTICLE x.
The names, residences and post Of
flce addresses of the incorporators
are: /.
Ramon Aso, Flagstaff, Arizona.
Jos. K. Babbitt, Flag staff, Arizona.
Z. j. Rabbit, 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 (
1orate debts of any kind whatsoever.
ARTICLE XII.
The clauses hereinabove set forth
n article III hereof shall be CON
;trued as statement Of both OBJ
ects or purposes and powers, which
,owers shall be cumulative; and no I
recitation, expression or declaration /
lereln of any specified object or pur- t
rose or special power shall be deemed y
o be exclusive of any one or more Of l
ne others, or of any other power
which may be lawfully exercised; $
nd 1t is hereby expressly declared ,
hat all other lawful powers not in
onsistent Herewith are hereby in. f
luded; and this corporation shall Y
ave power to carry into effect any +
ne or more or all Of the objects or
hereinabove set forth, and
Q that end to do any one or more on So
II of the acts and things aforesaid,
iu IlheWiSe any or all such other acts
nd things necessary or incidental 4
hereto as such corporation may law r
ully 40; and In conducting end carry
lg on its business, and for the pur- T.
ose Of attaining, promoting or fur
neflng any one OF more Of its said >,
olects or purposes, to exercise any g
r all powers aforesaid, and any other
r additional powers now or hereaftei !,
uthorized by law which a natural !,
erson might or could lawfully exer- +
Sc in the premises, either alone OF u y
! conjunction with others, in any and =,
! parts of the world. II n
IN WITNESS WHEREOF, we have - -
sreunto set our hands this Goth dav =, -
August, Nineteen Hundred twenty =
lree 1929. p p
RAMON ASO, q q
JOS. r. BABBITT, ~ ~
G. j. BABBITT. ~ ~