The Coconino sun., 1923-09-28

Will c1ity Iitu e1l4 OtllSE pGNSOuSt A41i1a1
associations or corporations, or will
any government or governmental sub
division or body polite, whether for
eign or domestic, and whether now o.
hereafter organized, and generally tt
deal in any and all property, real
personal, and mixed, of any and ev-
cry kind or description, wheresoevel
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 II
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 articles
of special or general use in any indus
try or industries, or for general use
ard 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, and
grants aforesaid, and generally to
deal in such products and articles
aforesaid or any thereof.
ID 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 its 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
full 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.
lm) To have and maintain, other
than and in addition to its aforesaid,
office, one or more offices
for the transaction of its business,
meetings of its board Of d.
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
Three hundred thousand (300, ,0OO) dol
lars, divided into three thousand
$4,000 shares of the par value of
Ore hundred (100) dollars each, all
common stock; provided, that the
amount of said capital stock may be
or decreased, and may be is
sued in such amounts as shall be de-
telmined by the board Of directors of
this corpola alton, In accordance with
and as permitted by the laws of the
State OF Arizona.
ARTICLE Y.
fa) 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 fuH 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 alb
sence of actual fraud any such valua-
tie,ns 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 OF
prices as said board Of directors may
from time to time by resolution de-
terrnine.
OBJ All shares of stock Of this
shall be issued fully paid
and worcestershire, and the certificate
or certificates evidencing the same
shall SO recite.
ARTICLE 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 Ari-
zona, and the recordation of certi-
fled copy thereof in the offices of the
respective county recorders of the
counties in the State OF
Arizona: Coconino, Navajo, Yavapai
and Maricopa, and it shall terminate
twenty-five years thereafter, unless it
be renewed in the manner provided by
asr.
ARTICLE VII.
(a) The affairs of this corporation
shall be conducted, governed and con-
trr,lled by board of three 81 direc-
tors, which number Of directors may
be either increased or reduced by res
ollltion Of the board of directors.
(b) Said board of directors shall
Be elected at the annual meeting Of
of this corporation which
shall be held on the fifteenth (15thl
Law of February in each year at 100
o'clock In the afternoon, and all d.
re:tors shall serve until their success
sors respectively are elected anoI
qualified.
slc) Until the first annual meet
u -.