The Coconino sun., 1923-10-26
PAGE Seven

stocks, debentures, bonds, notes, mort
cages, securities, or other obligations
or evidences of indebtedness, of any
and every kind or description, may be
owned or held by this corporation,
whenever, in the judgment of the
board of directors of this corporation,
expedient and necessary for the pro-
lection and conservation Of the inter-
ests of this corporation and its stock
holders so to do.
(D To conduct and carry on the
business of purchasing, manufactur-
ing, producing, selling and generally
dealing in goods, wares, merchandise,
and materials, whether crude or man
| ufactured, of any and every kind or
description, which may be necessary
| or incidental to or the subject of a
general mercantile and general man.
ufacturing business.
| ID To carry on any lawful opera.
! tion or operations, enterprise or en-
terprises, either within or without the
State of Arizona, and to enter into,
make, perform and carry out con-
tracts of any and every kind for any
lawful purpose, without other than le-
gal restriction or limit as to amount,
with any and all other persons, firms,
associations or corporations, or with
any government or 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 ..-1er-
ica, and Of any other country or eoun-
tries, licenses, concessions ai.a gI..nos,
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 and all such letters
patent, licenses, concessions, and
grants aforesaid, and generally 70
deal in such products and articles
aforesaid or any thereof.
O To borrow money for its cor
porate purposes; to make and issue It's
bonds, debentures, 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 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 rs in the judg-
! lnent Of its board Of directors may be
expedient and for the best interests
z 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, whe7e-
soever situate, to secure its bond de-
bentures, promissory notes. contract
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 ~.
(a) The total authorized capital
stock of this corporation shall be
; Three hundred fifty thousand $780,
000) dollars, divided into three thou
sand five hundred (3,500) shares Of
the par value of One hundred (l0e)
dollars each, all common stock; pro-
; vided, 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
laws of the State of Arizona.
ARTICLE v.
II (a) The shares of capital stock Of
! this corporation may be issued for
cash or services or property, az 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 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-
! 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 directors may
: from time to time by resolution de-
termine.
Il (b) All shares of stock Of this
corporation shall be issued fully paid
! and non-assessable, and the certificate
or certificates evidencing the same
shall SO recite.
ARTICLE vi.
The time of the commencement of