The Coconino sun., 1923-10-19

ker, and to receive compensation
therefor.
(f) To 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, or
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 advantageous
| thereto.
(g) To 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.
(h1 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
tests Of this corporation and its stock
holders so to do.
G) To conduct and carry on the
business of purchasing, manufacture
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.
ID 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 cut 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 or
hereafter organized, and generally to
deal in any and all property, real,
personal, and mixed, of any and ev-
cry kind or description, wheresoever
situate.
(k) To apply for, obtain and az
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
l8of 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-
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 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 and articles
aforesaid or any thereof.
Q) To 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
ness so created; to issue shares Of rs
capital stock in payment for property,
real, personal or mixed, purchased or
acquired by it, or for any other law
| fuI object or purpose in and about its
| business; to negotiate its 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 be
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 any
thereof, by it made, issued or incur
red, whether as principal or as such
surety or guarantor aforesaid.
(m) To have and maintain, other
than and in addition to its aforesaid
principal office, one or more offices
for the transaction of its business,
whereat meetings Of its board Of di-
rectors may be held, either within or
at any place or places without the
State of Arizona.
ARTICLE w.
(a) The total authorized capital
stock of this corporation shall be
Three hundred thousand (300,000)
| dollars, divided into three thousand
| (3,000) shares Of the par value Of
One hundred 100) dollars each, all
j common stock; provided, that the