The Coconino sun., 1923-10-12
Page Eleven
shall so recite.
ARTTCIE VT

| shall so reclte.
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
tion 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
| following counties in the State Of
Arizona: Coconino and Apache, and it
shall terminate twenty-five years
thereafter, unless it be renewed in
the manner provided by law.
ARTICLE VII.
(a) The affairs Of this corporation
! shall be conducted, governed and con
| trolled by board Of five 90 direc-
/ tors, which number of directors may
/ be either increased or reduced BY res
olution of the board of directors.
(b) Said board of directors shall
be elected at the annual meeting OF
| stockholders of this corporation which
shall be held on the fifteenth (15th)
day of February in each year at 1915
o'clock in the afternoon, and all di-
rectors shall serve until their success
sors respectively are elected and
| qualified.
(e) 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
| corporation:
d. Babbitt, C. j. Babbitt, VIM.
Babbitt, A. Boenitsch and w. A. Saun-
ders.
(d) 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
cancy or vacancies occurring among
the officers of the corporation.
| (e) Said board of directors shall
have full power to establish and adopt
| bylaws for the government of this
| corporation, and to alter and amend
! the same, and to make all rules and
regulations expedient for the manage
ment Of the affairs Of this corpora
tion.
~ ANY person who shall cease
! 10 be a stockhoder shall thereupon
t cease to be director Of this corpora
/ ton
ARTICLE VIII.
/
ton shall be a 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 "a year or until their success
sors respectively are elected anc
qualified.
(b) Until the first annual meeting
of the board of directors, the directors
named herein shall elect the officers
! of this corporation.
(c) The office of secretary and
treasurer of this corporation may be
held by one and che same person, if
so ordered by the board of directors.
ARTICLE TX.
The highest amount of Indebtedness
or liability, direct or contingent, to
which this corporation shall be sub
iect at any one time shall be Two hun
dred thousand and no-100 (200,000.00)
dollars.
ARTICLE X.
The names, residences and post Of
flee addresses Of the incorporatcrs
are:
/ D. Babbitt, Flagstaff, Arizona.
C. J. Babbitt, Flagstaff, Arizona.
VIM. Babbitt, Flagstaff, Arizona.
! A. Boenitsch, Flagstaff, Arizona.
w. A. Saunders, st. Johns, Arizona.
ARTICLE XI.
The private property of the stock
holders of this corpor ltion shall be
exempt at all times and III any event
from any and all liability for its cor
porate debts of any kind whatsoever.
! ARTICLE XII.
The clauses hereinabove set forth
in Article III hereof shall be cons
strued as a statement OF both OBJ
jects or purposes and powers, which
powers shall lie cumulative; and no
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 OF
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
cluded; and this corporation shall
have power to carry into effect any
one or more or all of the objects or
purposes herelnaDoVe set forth, ana
Il to that end to do any one or more OF
all of the acts and things aforesaid,
and likewise any or all such other acts
and things necessary or incidental
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.
thering any one or more of its said
objects or purposes, to exercise any
or all powers aforesaid, and any other
or additional powers now or hereafter
authorized by7 law which a natural
person might or could lawfully exer-
else in the premises, either alone or
in conjunction with others, in any and
q all parts Of the world.
IN WITNESS WHEREOF, we have
heTeunto set our hands this Goth day
OF August, Nineteen Hundred twenty
1 three t1923).
ID. BABBITT,
G. r. BABBIFr,
WI. BABBIFT,
A. BOENITSCH,
W. A. SAUNDERS.