The Coconino sun., 1923-09-28

any vacancy or vacancies occurring IN
tho board, and also to I'LL any va
callcy or vacancies occurring among
the officers of the corporation.
LED 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
to be stockholder shall thereupon
cease to be a director Of this corpora
ton.
ARTICLE VIII.
fa) The officers of this corpora
tion shall be a president, vice-presi-
dent, secretary and treasurer, and
they shall be elected respectively by
the board of directors from among
he stockholders Immediately after
the annual meeting of the stockhold-
ars, and such officers shall hold office
Tor one IA year or until their success
sofs respectively are elected and
qualified.
lb) Until the first annual meeting
Of the board of directors, the directors
named herein shall elect the officers
Of this corporation.
fss) The offices Of secretary and
treasurer of this corporation may be
held by one and the same person, if.
so ordered by the board of directors.
ARTICLE TX.
The highest amount of Indebtedness
or liability, direct or contingent, to
whieh this corporation shall be subject
at any one time shall be. Sixty-six
tholIsand six hundred sixty-six and CT
LOG (66, ,666.67l dollars.
ARTICLE x.
The names, residences and post Of
flee addresses of the incorporators
are:
]. L. Hart, Flagstaff, Arizona.
al. Boenitsch, Flagstaff, Arizona.
c. j. Babbitt, Flagstaff, Arizona.
ARTICLE XI.
The private property of the stock.
holders Of this corporation shall be
excerpt at all times and in any event
from any and al liability for its cor-
por;lte debts Of any kind whatsoever.
ARTICLE XII.
T.le clauses hereinabove set forth
in Article III hereof shall be cen
strEed as a statement of both OBJ
icctB or purposes and powers, which
powers shall be 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 exerciscd;s
and il 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, hereinabove set forth, and
to tliat end to do any one or more or
all of the acts and things aforesaid,
and likewise any or all such other acts
and things necessary or incidental
thesS.to as such corporation may law
faa.g do; and in conducting and carry
ing en its business, and for the pur-
pose of attaining, promoting or fur
theTing any one Of more of It's said
objects or purposes, to exercise any
Oh all powers aforesaid, and any other
OF additional powers now CT hereafter
By law which 2 natural
person raight or could lawfully exer-
else in the premises, either alone or
in conjunction with others, in any and
all parts of the world.
II WITNESS WHEREOF, we have
heresnto set our hands this goth day
DC August, Nineteen Hundred twenty
three 1929.
/. L. HART,
a. B0ENITSCH,