The Coconino sun., 1923-09-21

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 to
deal in such products and articles
Aforesaid or any thereof.
lD To borrow money for its cor
porate puposes; 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 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 as in the judg-
ment of its board of directors may be
expedient and for the best interests
of this corporation and its stockhold-
ers; and to mortgage, pledge, or by
| 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 stcf
surety or guarantor aforesaid.
/ (m) 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 meesings Of its board Of di
rectors may be held, either within o.
at any place or places without tht
State OF Arizona
ARTICLE ".
(a) The total authorized capita
stock of this corporation shall be Tw,
/ hundred fifty thousand (250,000) dol
lars, divided into two thousand fivl
hundred (2,5O0) shares of the pa
value of One hundred (100) dollar
each, all common stock; provided, tina
the amount of said capital stock ma.
hbe increased or decreased and may bt
issued in such amounts as shall bI
determined by the board of director
kof this corporation, in accordance will
and as permitted by the laws of tn
State of Arizona.
ARTICLE ".
(a) The shares of capital stock o
this corporation may be issued TO
cash or services or property, at sucl
j time or times as its board of diTec
i tors may by resolution direct, upol
such conditions and terms as may b
determined by its board Of directors
with full power and discretion vestei
4 in its board Of directors to fix tn
4 value of the property or services il
exchange for which said shares Q
stock may be issued, and in the ah
sence of actual fraud any such valua
tions so fixed shall be conclusive. Th
board of directors Of this ccrporatio
may sell said shares of stock or an
thereof for cash at such price c
prices as said board of directors ma
from time to time by resolution dc
termine.
(b) All shares OF stock of TIL
corporation shall be issued fully pal
and n-assessable, and the certificat
! or certificates evidencing the sam
shall so recite.
ARTICLE vi.
The time of the commencement {
this corporation shall be the date {
] the filing of these articles of incol
poration in the office of the Corpor;
> ton Commission of the State Of Ar
zona, and the recordation of a cert
fled copy thereof in the offices Of Il
respective county recorders OF II
following counties in the State |
Arizona: Coconino, Yavapai and Ma
. icopa, and it shall terminate twent.
five years thereafter, unless it be II
, newed in the manner provided by lay
ARTICLE VII.
(a) The affairs of this corporate
shall be conducted, governed and COZ
! trolled by board of five 90 dire
tors, which number Of directors ms
be either increased or reduced by re-
olution of the board of directors
(b) Said board of directors sha
be elected at the annual meeting, =
stockholders of this corporation wfle
. shall be held on the fifteenth (15tf
! day of February in each year at ] 4
: o'clock in the afternoon, and all d
( rectors shall serve until their succe
sors respectively are elected al
I qualified.
lc) Until the first annual NEE
! ing Of stockholders, and until the
successors are elected and qualifie
: the following named persons sha
! compose the board Of directors of tn
! corporation:
! L. Charlebois, D. Babbitt,, G. j. Bal
bitt, Philomena Babbitt and VIM. Bal
3 bitt. .s..
(d) The board Of directors of thi
: corporation shall have power to +
any vacancy or vacancies occurring
the board, and also to fill any Y;
cancy or vacancies occurring anon
E the officers Of the corporation.
(e) Said board Of directors sha
! have full power to establish and ado
bylaws for the government of tn
: corporation, and to alter and amer
: the same. and to make all rules az
! regulations expedient for the manag
rnert Of the affairs Of this corpor
ton.
(f) Any person who shall cea
Il a Il