The Coconino sun., 1923-09-14


ker, and to receive compensation
therefor.
(f) To buy, own, hold, sell, lease
as lessor or lessee, construct, main
tain and operate reservoirs, canals,
bitches, dams, fumes, tunnels, aque-
ducts, conduits, pipes and outlets, nat
ural or otherwise, for collecting, stor-
ing, developing, supplying, and dis
charging water for or in connection
with or pertaining to irrigation, agri-
cultural and live stock purposes, or
any thereof, together with all lands,
buildings and other improvements in
or upon which to erect, install, place
use or operate any and all machin-
ery,. equipment and appliances in any
way necessary or advantageous
thereto.
(g) To acquire the business, good
will, rights and property, and to un-
dertake the whole or any part of the
business and assets and liabilities, Of
any and all other persons, firms, as
sociations or corporations, and to pay
for the same in cash, stock or bonds
of this corporation, or otherwise, as
may be determined by the board Of
directors of this corporation.
(hl To aid by way Of surety Oh
guarantor any and all other persons,
firms, associations and corporations
Of whom or Of which any shares,
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.
III 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.
Cd TO carry on any lawful opera
tion or operations, enterprise or en-
ferprises, either within OF without the
State of Arizona, and to enter into
| make, perform and carry out con
tracts Of any and every kind for any
lawful parpose; without other than le-
gal restriction or limit as to amount.
with any and all other persons, firms,
associations on corporations, or with
any government or governmental sub
division or body polite, whether for
eign or domestic, and whether now OF
hereafter organized, and generally &c
deal in any and all property, real,
| personal, and mixed, of any and ev-
cry kind or description, wneresocver
situate.
(l) 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 tc
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 I'll 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 fol
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.
% To borrow money for its cor
porate puposes; to make and issue It's
bonds, debentures, pron1issory 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
ful 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 stoekhold-
ers; and to mortgage, pledge, or hy-
pothecate al or any part of its prop
e1ty, 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 iii 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 o.
at any place or places without the
State of Arizona.
ARTICLE ".
| (a) The total authorized capita
stock Of this corporation shall be
| Three hundred thousand (300,0001
dollars, divided into three Thousand
| $4,000 shares Of the par value d
One hundred (10O) dollars each, al
common stock; provided, that the
amount of said capital stock may bt
Il