The Coconino sun., 1923-10-12

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 SUBJ
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 ac-
quire 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
lea, and of any other country or coun-
tries, licenses, concessions and grants,
! for or in respect of inventions relat-
| ng 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
.ry 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
| leal in such products and articles
aforesaid or any thereof.
Cd To borrow money for its cor
porate purposes; to make and issue its
bonds, debentures, promissory notes,
and other obligations, or either or any
thereof, as evidence of it's indebted
ness so created; to issue shares of its
capital stock in payment for property,
| real, personal or mixed, purchased or
| acquired by it, Or for 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-
centuries, 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 ais principal or as such
! surety or guarartor 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 ".
(a) The total authorized capital
stock of this corporation shall be One
million q 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 of this corporation, in ac-
cordance with and as permitted by the
laws of the State of Arizona.
ARTICLE V.
Cal The shares of capital stock of
this corporation may be issued for
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 be
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 in
exchange for which said shares of
stock may be issued, and in the abb
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 at such price or
prices as said board of directors may
from time to time by resolution de-
termine.
OBJ All shares of stock of this
corporation shall be issued fully paid
and worcestershire, and the certificate
or certificates evidencing the same
shall so recite.
/ ARIlCLE vi.
The time Of the commencement of
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 Arr
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.
(a1 The affairs of this corporation
shall be conducted, governed and con-
trolled by board Of three (3) direc-
tors, which number of directors may
| he either increased or reduced by res
| luton of the board of directors.
(b) Said board Of directors shall
| elected at the annual meeting Of
tockholders of this corporation which
hall be held on the fifteenth (15th)
day Of February in each year at 1920
o'clock in the forenoon, and all di-
rectors shall serve until their success
sors respectively are elected and
L