The Coconino sun., 1923-09-21

49, SO-ttS St'ftt- ~ cSl EC1Al40AtD3 Vi WIZ
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, whefesoeyer
situate.
lk) TO apply for, obtain and ac-
guire by purchase or otherwise, either
by the payment Of money or by the
exchange OF shares Of stock or SCI.
curities or evidences OF indebtedness
Of this corporation therefor, and to
own, hold, control, sell, assign, trans
Ter, or otherwise dispose Of letters
patent of the United States of Amer
lca, and of any other country or coun-
tries, licenses, concessions and grants,
Tor 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 OF 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.
Cd To borrow money for its cor
porate purposes; to make and issue its
bonds, debentures, promissory notes,
and other obligations, or either or any
thereof, as evidence of its indebted
laess 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
ful object CIR purpose In and about it's
business; to negotiate its contracts
for the sale by it of its bonds or de-
bentureS, and any other lawful com
tracts, for such consideration to this
corporation and upon such lawful
terms and conditions as in the iudg-
ment of its board of directors may be
expeelient and for the hest interests
of this corporation and its stockhold-
ers; and to mortgage, pledge, or ihy-
potheeate all or any part Of it's 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.
I'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 w.
(a) The total authorized capital
stock of this corporation shall be One
million Il ,00O,O00) dollars, divided in
to ten thousand (10,O00) shares of the
par value of One hundred ~(100) dol
lars 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 corporation, in ac-
cordance with and as permitted by the
ldWS Vi 4IIit. tOtitC VI t1IIZUIId.
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 dfrec-
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 to fix the
value Jf the property or services in
exchange FOR which said shares Of
stock may be issued, and in the abb
.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-
termine.
(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 WI.
The time Of the commencement Of
this corporation shall be the date Of
the fling of these articles of incor-
poratiorl in the office of the Corpora
tion Commission of the State of Ari-
zona, and the recordation of certi-
fled copy thereof in the offices of the
respective county recorders Of the
following counties in the State Of
Arizona: Cloconino and Navajo, and it
shall terminate twenty-five years
unless it be renewed in the
manner provided by law.
ARTICLE VII.
(a) The affairs Of this corporation
shall be conducted, governed and con-
trolled by board Of five Isl dircc-
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 1900
o'clock noon, and all directors shall
serve until their successors respective
ly are elected and qualified.
fc) Until the first annual meet
ing of stockholders, and until their
successors are elected and qualified,
the fa1louinp named nprSonS shall