The Coconino sun., 1923-01-05
ADVERTISEMENT

IN good standing and located at the
Town of Flagstaff, Coconino County,
Arizona, and any of the capital stock
of this corporation passing by any
means into the ownership of others
than members in good standing of any
/ Council of the Knights of Columbus
in good standing and located at the
Town of Flagstaff, Coconino County,
Arizona, or to such Council of the
Knights of Columbus, shall become
Immediately subject to purchase by
this corporation at its par value, and
no person other than a member of the
Roman Catholic Church and no cor
poration, association or organization
other than Council of the Knights
of Columbus in good standing and
located at the Town of Flagstaff,
Coconino County, Arizona, shall be al
lowed to vote any of said stock.
ARTICLE v.
The general nature of the business
proposed to be transacted and car
ried on by this corporation is as fol-
lows:
To purchase, lease, option, locate,
acquire, possess, exchange, sell or
otherwise dispose of, pledge, mortgage
hypothecate and deal in lands, city
lots, farm lands, ranch lands and real
and personal property of every kind
and character, and to build on and i'm
prove the same;
To own and hold as security, or
otherwise, shares of its own capital
stock and that of other corporations;
to cancel and to reissue shares of its
own capital stock;
To issue bonds, notes, debentures
and other evidences of indebtedness
and to secure the payment of the
same by mortgage, deed of trust or
otherwise;
To own, hold, buy and sell, hypo-
thecate and mortgage bonds, notes
and debentures of persons and other
corporations; and, in general,
To do and perform such business
not inconsistent with law in any part
of the world as the board of directors
may deem to be to the advantage of
the corporation.
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
tion Commission of Arizona and the
recordation of a certified copy thereof
in the offices of the County Recorder
of Coconino County, Arizona, and it
shall terminate twenty-five (25) years
thereafter unless it be renewed in the
manner provided by law.
ARTICLE VII.
The affairs of this corporation shall
be conducted by board of seven IN
who shall be stockholders of
this corporation. Said directors shall
be elected at the annual meetings of
the stockholders and shall serve for
one ID year and until their successors
are elected and qualified. The an
nual meetings of the stockholders of
the corporation shall be held at such
place and hour as may be prescribed
by the bylaws of the corporation on
the third Monday in December of each
year. Special meetings of the stock
holders may be held at such time and
place and in such manner as may be
prescribed by the bylaws of the corr
poration. Until the first annual meet =
ng and until their successors are
elected and qualified the following
named persons shall constitute the
board of directors:
Joseph H. Frohmiller, G. w. Jake,
Francis Chisholm, David Babbitt, Eu-
gene Phelan, P. j. Moran and Henry
L. IAlbers.
Said board of directors shall meet
IS soon as convenient after incorpora-
ion and shall fill any vacancies in the
BOARD of directors, and thereafter if
1t any time vacancy in said board
shall occur the same shall be filled by
he remaining members of the board
n office. The person elected to fill
he vacancy shall serve during the un-
expired term of his predecessor and
lntil his successor is elected and quail
fled. The officers of this corpora
ion shall be a president, vice-presi-
lent, secretary and treasurer, who
'hall be elected by the board of di-
'ectors at their first meeting, and
hereafter Immediately after each an
lual meeting of the stockholders, and
shall hold office for one (D year and
lntil their successors are elected and
qualified. In the event of a vacancy
n any office the board of directors
hall fill the same. Additional of
ices may be created by the stock
folders and when so created shall be
illed and vacancies therein supplied
~ the board of directors. The officers
elected at the first meeting of the
BOARD of directors shall serve until
he first annual meeting of the stock
lolders and until their successors are
elected and qualified.
ARTICLE VIII.
Bylaws for this corporation shall
'e adopted by the board of directors
It their first meeting and thereafter
nay not be amended or revised ex-
ept by majority vote of the stock
Lolders.
ARTICLE TX.
The highest amount of indebtedness
r liability, direct or contingent, to
which this corporation may at any
ime subject itself is Thirty three
thousand Three Hundred Thirty-three
Dollars 1888, ,333.00).
IN WITNESS WHEREOF we have
ereunto set our hands this 21st day
f November, 1922.
P. J. MORAN,
FIJCFNE PHET AN