The Coconino sun., 1923-07-27

AaJ Inc OIllcGFS Ul II9S 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
the stockholders Immediately after
the annual meeting of the stockhold-
ers, and such officers shall hold office
for one (1) year or until their sue
cessors 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 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
which this corporation shall be subject
at any one time shall be Three mil
lion three hundred thirty-three thou
sand, three hundred thirty-three and
34-10Oths 1885, ,333.34) dollars.
ARTICLE x.
The names, residences and postof-
lice duUIOSSSo u e1lC AhSOA POA .
are:
David Babbitt Flagstaff, Arizona
G. j. Babbitt ..F Flagstaff, Arizona
William Babbitt . Flagstaff, Arizona
Herbert G. Babbitt Flagstaff, Arizona
Raymond G. Babbitt ........-..........,-.
...............F Flagstaff, Arizona
ARTICLE XI.
The private property of the stock
holders of this corporation shall be ex-
empt 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 a 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 exclusive
of any one or more of the others, or
Of any other power which may be law
fully exercised; and it is hereby ex-
pressly declared that all other lawful
powers not inconsistent Herewith are
hereby included; and this corporation
shall have the power to carry into eff
feet any one or more or all Of the
objects or. purposes hereinabove set
forth, and to that 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 thereto as such corporation
may lawfully do; and in conducting
and carrying on its business, and for
the purpose of attaining, promoting
or furthering 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 by law which a
natural person might or could lawful
ly exercise in the premises, either
alone or in conjunction with others, In
any and all parts of the world.
IN WITNESS WHEREOF, we have
hereunto set our hands this 9th day
of June, Nineteen hundred twenty
three (1923.)
DAVID BABBITT,
c.. J. BABBITT,
WILLIAM BABBITT,
HERBERT G. BABBITT,
RAYMOND G. BABBITT.
State of Arizona,
County of Coconino, SIS.
The foregoing instrument was
acknowledged before me this 29th day
of June, 1928, by David Babbitt, C.
]. Babbitt, William Babbitt, Herbert
G. Babbitt and Raymond G. Babbitt.
G. w. JAKLE,
(Notarial Seal) Notary Public.
My commission expires March II, 1927
Filed in the office of the Arizona
Corporation Commission this 30th day
of June, A. D. 1923, at 1000 A. M, at
request of C. J. Babbitt whose post
office address is Flagstaff, Arizona.
ARIZONA CORPORATION
COMMISSION,
By AMOS A. BELTS, Chairman.
Recorded at request of H. B. En-
bach, July 2, A. D., 1928, at 8 o'clock
a. m. in Book 3, Articles of Incorpor-
alton, page 81, Records of Coconino
County, Arizona.
r. H. MARINE,
(Seall County Recorder.