The Coconino sun., 1923-10-26
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 a certi-
fled copy thereof in the offices of the
respective county recorders of the
following counties in the State of Ari-
zona: Coconino, and it shall terminate
twenty-five years thereafter, unless it
be renewed in the manner provided by
law.
ARTICLE VII.
(a1 The affairs of this corpora
tion shall be conducted, governed and
controlled by board Of five (5) di-
fectors, which number of directors
may be either increased or reduced by
resolution 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 8:45
o'clock in the forenoon, and all di-
rectors shall serve until their success
sors respectively are elected and quail
flied.
(c) Until the first annual meeting
of stockholders, and until their sue
eessors are elected and qualified, the
following named persons shall COM
pose the board of directors of this
corporation: ]. P. O'Farrell, d. Bah
bitt, r. G.. Babbitt, C. J. Babbitt and
VIM. Babbitt.
(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 management of the affairs Of this
corporation
~ Any person who shall cease to
be stockholder shall thereupon cease
to be director of this corporation.
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 Of
flee for one "a year or until their
successors respectively are elected
and 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 offices Of secretary ano
treasurer of this corporation may be
held by one and the same person, if sc
ordered by the board of directors.
ARTICLE TX.
The highest amount of Indebtedness
or liability, direct or contingent, tc
which this corporation shall be subject
at any one time shall be Thirty-three
thousand three hundred thirty-three
and 34-100 (33,333.34) dollars.
ARTICLE X.
The names, residences and post of
flee addresses of the incorporators
are:
J. P. OiFarrell, Tuba City, Arizona
d. Babbitt, Flagstaff, Arizona.
r. G. Babbitt, Flagstaff, Arizona.
c. ]. 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.
The clauses hereinabove set forth
in Article III hereof shall be construed
as statement of both objects or pur-
poses and powers, which powers shall
be cumulative; and no recitation, ex.
preston or declaration herein of any
specified object or purpose or special
power shall be deemed to be exelus.
i've 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 law.
full powers not inconsistent Herewith
are hereby included; and this cor.
poration shall have power to carry
into effect any one or more or all o1
the objects or purposes hereinabovt
set forth, and to that end to do any
one or more or all of the acts ant
things aforesaid, and likewise any OF
all such other acts and things neces
sary or incidental thereto as such cor
poration may lawfully do; and in con
ducting and carrying on its business
and for the purpose of attaining, pro
noting or furthering any one or more
of its said objects or purposes, to ex
ercise any or all powers aforesaid
and any other or additional powers
now or hereafter authorized by Law
which natural person might or coulC
lawfully exercise in the premises
either alone or in conjunction witt
others, in any and all parts of the
world.
IN WITNESS WHEREOF we have
hereunto set our hands this goth DAY
of August, Nineteen Hundred twenty
three (1923).
]. P. O'FARRELL,
d. BABBITT,
r. G. BABBITT,
G. j. BABBITT,
VIM. BABBITT.