The Coconino sun., 1923-09-14

with any and all other persons, firms,
associations CIR corporations, or with
any government or governmental SUBJ
division or body polite, whether for
eign or domestic, and whether now or
hereafter organized, and generally to
deal in any and all property, real.
personal, and mixed, of any and ev-
cry kind or description, wheresoever
| situate.
(k) 70 apply for, obtain and ac-
quire by purchase or otherwise, either
by the payment of money or by the
exchange Of shares of stock or Sc
curities or evidences of indebtedness
of this corporation therefor, and 70
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 relat-
ting to any and all products and art
/ icles which may 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
/ trv or industries, or for general use
and consumption, and to sell, lease,
or otherwise dispose of or deal with
state, county, city and town rights for
/ the use of any and all such letters
| patent, licenses, concessions, and
grants aforesaid, and generally to
deal in such products and articles
aforesaid or any thereof.
ID TO borrow money for its COR
porate purposes; to make and issue its
| bonds, debentllres, promissory notes,
and other obligations, or either or any
thereof, as evidence of its indebted
ness SO created; to issue shares of its
capital stock III payment for property,
real, personal or mixed, purchased or
acquired by it, or for any other law
ful 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 of its board of directors may be
expedient and for the best interests
! of this corporation and its stocl1hold-
ers; and to mortgage, pledge, or n.y.
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 guslrantor aforesaid.
(rnl To have and maintain, other
| than and in addition to its aforesaid
principal office, one or more office.
for the transaction Of its business,
whereat meetings of its board of di-
rectors may be, held, either within or
lat any place or places without the
State of Arizona.
| ARTICLE ~.
(a) The total authorized capital
stock of this corporation shall be One
million (1,000,000) dollars, divided in
I to ten thousand 100000 shares of the
I par value OF One hundred t100( dol
lars each, all common stock; provided,
that the amount of said capital stock
Il NAV be increased or decreased and
NAV be issued in such amounts as
shall be determined by the board OF
directors of this corporation, in ac-
i cordance with and as permitted by the
1
/ ARTICLE ".
i fal The shares of capital stock Of
this corporation may be issued fol
cash or services or property, at such
time or times as its board of dlrec
tors may by resolution direct, upor
sach conditions and terms as may b.
determined by its board OF directors
! with full power and discretion vestet
! in its board of directors 20 Fix tn
{ value of the. property or services II
: exchange for which said shares o.
: stock may be issued, and in the alb
: sence of actual fraud any such valua
! / tions SO fixed shall be conclusive. Tn
r board of directors of this corporation
E NAV sell said shares of stock or an.
3 thereof for cash at such price o
! prices as said board Of directors ma,
: from time TO time by resolution de
!, terrnine.
(bl All shares of stock of thi
r corporation shall be issued fully pai
/, and worcestershire, and the certificat
! or certificates evidencing the sam
! snail so recite
f ARTICLE VI.
The time of the commencement o
! this corporation shall be the date 0
1.-THE filing of these articles of incor
! pcration in the office Of the Corpora
: ton Commission of the State of Ar
/. IONA. and the recordation of a certi
: fled copy thereof in the offices Of TIL
: respective county recorders of tn
: following counties in the State o
: Arizona: Cocorlino and YavaDal, ant
! it shall terminate twenty-five year
thereafter, unless it be renewed in tn
manner provided by law.
, ARTICLE VII
II (a) The affairs of this corporation
shall be conducted, governed and con
: trolled by board Of three (3) direc
! | TORS, which number Of directors ma.
5 be either increased or reduced by res
olution of tho board of directors.
{b) Said beard Of directors shal
be elected at the annual meeting 0.
J stockholders of this corporation which
E shall be held on the fifteenth (15th'
dav Of February in each year at 10:3t
o'clock IN the forenoon, and all di
rectors shall serve until their success
sors respectively are elected ant
qualified.
(cD Until the first annual meet
. ing Of stockholders, and until tnell
successors are elected and qualified