The Coconino sun., 1923-11-02

| associations OF COrpOTdLlOIlS, VI Will
any government on governmental sub
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) To 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 to
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-
ing 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
try 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 ard all such letters
/ patent, licenses, concessions, and
grants aforesaid, and generally to
deal in such products and articles
aforesaid or any thereof.
Q) To borrow money for its cor
i porate purposes; to make and issue its
bonds, debentures, promissory notes,
and other obligations, or either or any
thereof, as evidence Of its indebted
ness so created; to issue shares of it's
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 of its board cf directors may be
expedieut and for the best interests
of this corporation and its stockhold-
ers; and 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, promissoiy 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.
| (m( To have and maintain, other
than and in addition to its aforesaid
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 ".
(a) The total authorized capital
stock of this corporation shall be Six
hundred thousand (600,000) dollars,
| divided into six thousand (6,000)
shares of the par value of One hundred
| (10O) dollars each, all common stock;
provided, that the amount of said cap
ital stock may be increased or decreas-
ed and may be issued in such amounts
as shall be determined by the board of
/ directors of this corporation, in ac-
cordance with and as permitted by the
laws of the State OF Arizona.
ARTICLE v.
(a) The shares of capital stock of
i this corporation may be issued Tor
cash or services or property, at sucfl
time or times as its board of direc-
tors may by resolution direct, upon
| such conditions and terms as may be
determined ~ its board of directors,
with full power and discretion vested
in its sboard of directors to fix the
value of the property or services in
| exchange for which said shares of
stock may be issued, and in the alb
sence of actual fraud any such valua-
tions 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 directors may
from time to time by resolution de-
/ tefmine.
(b) 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 Of these articles Of incor-
poration in the office of the Corpora
! ton Commission of the State Of Ari-
zona, and the recoldation of a certi-
| fled copy thereof in the offices of the
respective county recorders of the
following counties in the State Of
| Arizona: Coconino and Yavapai, and
it shall terminate twenty-five years
! thereafter, unless it be renewed IN the
manner provided BY law.
ARTICLE VII.
(a) The affairs of this corporation
| shall be conducted, governed and con-
tfolled 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 (15th)
day of February in each year at 1915
/ o'clock in the forenoon, and ali di-
rectors shall serve until their success
sors respectively are elected and
qualified
(c) Until the first annual meet