The Coconino sun., 1924-02-01

SOCldtlOIIS OE COIpOTdClUIiS, anu W 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.
(h) To aid by way of surety or
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 it's 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 oper-
alton 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
legal 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 every
kind or description, wheresoever sit
uate.
(k) To apply for, obtain and acquire
by purchase or otherwise, either by
the payment of money or by the ex-
change of shares of stock or securi-
ties or evidences of indebtedness of
this corporation therefor, and to own,
hold, control, sell, assign, transfer, or
otherwise dispose of letters-patent of
the United States Of America, and of
any other country or countries, IL
censes, concessions and grants, for or
in respect of inventions relating to
any and all products and articles
which may be the subject of letters
patent, or to manufacturing devices,
appliances, tools, and machinery for
the manufacture and production of any
and all products and articles of spec
ial or general use in any industry 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 let
ters-patent, licenses, concessions and
grants aforesaid, and generally to deal
in such products and articles afore-
said 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 in
debtedness 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 lawful object or purpose in
and about its business; to negotiate
its contracts for the sale by it of its
bonds or debentures, and any other
lawful contracts, for such considera-
ton to this corporation and upon such
lawful terms and conditions as in the
judgment of it's board of directors
may be expedient and for the best in
terests of this corporation and its
stockholders; and to mortgage, pledge,
or hypothecate all or any part of its
property, real, personal and mixed,
wheresoever situate, to secure its
bonds, debentures, promissory notes,
contracts, and other obligations, or
either or any thereof, by it made, is
sued or incurred, whether as principal
or as such surety or guarantor afore-
said.
(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,
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..
Nd) Lie IOLdl duLnOr1Z6Q Capital
stock of this corporation shall be
One million dollars, divided into ten
thousand 100000 shares of the par
value of One hundred (100) dollars
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 accordance with
and as permitted by the laws of the
State Of Arizona.
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 directors
may by resolution direct, upon such
conditions and terms as may be de-
ternined 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
for which said shares of
stock may be issued, and in the abb
sence of actual fraud any such valua-
ton 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 nrices as said |