The Coconino sun., 1923-11-09

associations or corporations, or wit
any government or governmental sub
division or body polite, whether for
eign or domestic, and whether now o
hereafter organized, and generally t,
deal in any and all property, real
personal, and mixed, of any and ev
cry kind or description, wberesoevel
situate.
| (k) To apply for, obtain and ac
quire by purchase or otherwise, eithel
| by the payment of money OF. by ths
exchange of shares of stock or Sc
curities or evidences of indebtedness.
of this corporation therefor, and tt
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 reAt-
ing to any and all products and art
icles which Haay 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
1 state, county, city and town rights for
/ the use of any and all such letters
| patent, licenses, concessions, and
grants aforesaid, and generally to
| aforesaid or Sny thereof.
% To borrow money for its cor
porate purposes; to make and issue its
bonds, debeItures, promissory notes,
I and other obligations, or either or any
thereof. as evidence cf 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 ofvits board of directors may be
expedient ard for the best interests
of this corporation and its stockhold-
ers; AID 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.
(ml To have and maintain, other
y, ~ ~ cd IN - s1< netafH ~
principal office, one or more offices
for the transaction of its business,
whereat meetings of its board of di-
rectors may be held, either within or
at any place or places without the
State of Arizona.
ARTICLE ".
(a1 The total authorized capital
stock of this corporation shall be One
hundred fifty thousand (150,000) dol
lars, divided into one thousand
five hundred Q,500) shares of
the par value of One hundred
(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 board of directors of this cor
poration, in accordance with and as
permitted by the laws of the State
of Arizona.
ARTICLE v.
(a) 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 full power and discretion vested
in its board of directors tc fix the
value of the property or services IL
exchange for which said shares OF
stock may be issued, and in the alb
sence of actual fraud any such valua-
tons 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 or
prices as said board of dill ectors may
from time to time by resolution de-
| ternine.
lb) All shares of stock of this
corporation 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 ef 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
Arizona: Coconino, Yavapai and Mari
copa, and it shall terminate twenty
five years thereafter, unless it be re-
newed in the manner provided by law.
ARTICLE VII.
| (a) The affairs of this corporation
shall be conducted, governed and con-
trolled by d board of three (3) 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 (15thl
4 day of February in each year at 12:45
o'clock in the afternoon, and all di-
! rectors shall serve until their success