The Coconino sun., 1923-09-21

4 dSG 1Eu
o'clock in the afternoon, and all di-
rectors shall serve until their success
sors respectively are elected and
qualified.
Tel 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
II David es '' Babbitt, r, G. Rabbit, C. J.
Babbitt. H. G. Babbitt and VIM. Bah
bitt.
fd) The board of directors of this
corporation shall have power to fill
any vacancy or vacancies occurring in
the board, and also to fill any va
ca1lcv or vacancies occurring among
the officers of the corporation.
(e1 Said board Of directors shall
have full power to establish and adopt
by-laws for the government of this
cofporati0n. and to alter and amend
the same. and to make all rules and
regulations expeHient for the manage
T1ent of the affairs OF this corpora
tion.
(f) Any person who shall cease
to be stockhoider shall thereupon
cease to be q director Of this corpora
ton.
ARTICLE VIII.
(a) The officers of this corpora
tion shall be president, vice-presi-
dent, secretary and treasurer, and
they shall be elected respectively by
the board of directors from among
the stockholders Immediately after
the annual meeting of the stockhold-
,ers. and such officers shall hold office
for one I'D year or until their success
sors respectively are elected and
qualified.
ibl Until the first annual meeting
of the board of directors, the directors
named herein shah 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, j
sS ordered tiV the board Of directors.
ARTICLE TX
The highest amount of Indebtedness
or liability, direct or continent, to
which this corporation shall be subject
at any one time shall be Two hundred
thirty-three thousand, three hundred
thirty-three and 34-100 (233, ,3SS. .84)
dollars.
ARTICLE X.
The names, residences and post Of
flee addresses of the incorporators
are:
David Babbitt, Flagstaff, Arizona.
r. G. Babbitt, Flagstaff, Arizona.
c. j. Babbitt, Flagstaff, Arizona.
II. G. Babbitt, Flagstaff, Arizona.
VIM. Babbitt, 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
porate debts of any kind whatsoever
ARTICLE XII. Y
The clauses hereinabove set forth
in Article III hereof shall be CON
strued as a statement of both OBJ
jects or purposes and powers, which
powers shall be cumulative; and NJ
recitation, expression or declaration
herein of any specified object or pur
pose or special power shall be deemed
to be exclusive of any one or more o.
the others, or of any other power
which may be lawfully exercised
and it is hereby expressly declared
that all other lawful powers not in
consistent Herewith are hereby in
ciuded; and this corporation shall
have power to carry into effect an.
one or more or all of the objects o.
purposes, hereinabove set forth, an,
to that end to do any one or more O.
all of the acts and things aforesaid
and likewise any or al such other act
and things necessary or incidenta
thereto as such corporation may law
fully do; and in conducting and carry
ing on its business, and for the pur
pose of attaining, promoting or fur
thefing any one or more of its saii
objects or purposes, to exercise an,
or all powers aforesaid, and any othe
or additional powers now or hereafte
authorized By law which a natura
person might or could lawfully exer
else in the premises, either alone
in conjunction with others, in any an
all parts of the world.
IN WITNESS WHEREOF, we hav
hereunto set our hands this Goth da
of August, Nineteen Hundred twenty
three 1929. .s.
DAVID BABBITT,
Re RARRTTT