The Coconino sun., 1923-09-14
Page Fourteen

board of directors of this corporation,
expedient and necessary for the pro-
lection and conservation of the inter
ests of this corporation and its stock
holders so to do.
ID To conduct and carry on the
business, of purchasing, manufactur-
ing, producing, selling and generally
dealing IN goods, wares, merchandise
and materials, whether crude or man
ufactured, Of any and every kind OF
description, which may be necessary
or incidental TO or the subject of q
general mercantile and general man
ufacturing business.
Cid To carry on anv 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 out con-
tracts Of any and every kind for any
lawful purpose, without other than le-
gal restriction CT 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.
(z) To apply for, obtain and ac-
auire by purchase or otherwise, either
BY tie payment of money or by the
exchange of shares of stock or Sc
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-
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 ana articles
aforesaid or any thereof
Cd To borrow money for its cor
oorate 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 ats
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 ny
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 .sucn
surety or guarantor aforesaid.
(rnl To have and maintain, other
than and in addition to its aforesaid
principal office, one or more offlces
for the transaction of its business.
whereat meetings Of its board of dl-
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
hundred thousand (100,000@ dollars,
divided into one thousand (1,000)
shares of the par value of One nun
dred (100) dollars 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
hoard of directors of this corporation,
IN accordance with and as permitted
hv the laws of the State OF Arizona.
ARTICLE ".
fa1 The shares of capital stock OF
+bis corporation may be issued fol
cash or services or property, at such
tiroe or times as its board Of dIrec'
TORS may by resolution direct, upor
such conditions and terms as may DC
determined BY its board of directors
with full power and discretion vestee
in its board of directors to fix the
value Of the property or services II
exchange for which said shares OF
stock may be issued, and in the ab'
sence of actual fraud any such valqa-
tions so fixed shall be conclusive. The
board of directors Of this corporation
NAV 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.
(b) All shares of stock Of this
corporation shall be issued fully paie
and worcestershire, and the certificate
or certificates evidencing the same
shall so recite.
ARTICLE VI.
The time of the commencement o1
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 Asri.
zona, and the recordation of certl-
fled copy thereof in the offices Of ths
,.oSnecfive county recorders of thk