The Coconino sun., 1924-08-22

denees of indebtedness of any corpora
ton or to issue in exchange it's own
stock, shares, bonds, debentures, script
or other evidences of indebtedness in
payment therefor and while the owner
thereof to exercise all other rights
of ownership including the right to
vote upon such stock or shares; to
purchase, receive, hold and own mort
ages, debentures, shares and other
securities or obligations of any pub
lic, private, municipal corporation or
bonds or other securities or obliga-
tions Of the United States or any
State, district, territory, colony or de-
pendency of the United States or any
foreign country, state or colony, to
collect, receive, disperse and dispose
of all interest dividends, accumula-
tions, earnings and the. income from
upon or on account of any bonds, de-
bentures, stocks, shares, securities
contracts, evidences of indebtedness.
obligations or any property held or
owned by the corporation; to do any
and all lawful acts intending to in
crease or enhance the value of the
property of the company; to issue
stock, shares, bonds, debentures, GER
tificates, scrip, or other corporate OBJ
legations and to secure the payment
thereof by mortage, pledge or deed Of
trust of or upon the whole or any
portion of the corporate property or
funds; to sell, pledge or otherwise dis
pose of bonds, debentures or other
corporate obligations for proper and
lawful purposes when the Board of
Directors shall deem necessary, adj
visable or expedient; and to receive,
transmit, pay out and disburse funds
in the course of it's business; and to
the extent authorized by law to lease
purchase or otherwise acquire, hold,
use, sell, trade and deal in and with;
assign, pledge, mortage, transfer, con-
vey real and personal property of any
and every kind and nature and to
carry on a general brokerage business
and in general to do all things neces-
sary to the proper conduct of it's busi-
ness and engage in any and all kinds
of business that a natural person
might sor could engage in, in the state
of California or elsewhere not incon-
sistent with the laws of the United
States or of the State of California.
2. To borrow and lend money and
negotiate loans, discount, buy, sell and
deliver promissory notes, bonds, de-
bentures, coupons and other negotiable
instruments and securities; to form
promote subsidize, assist companies,
syndicates and partnerships of all
kinds; to give any guarantee for the
payment of money or for the perfor-
nance of any obligation or undertak-
ing; to receive and hold money or its
equivalent pending investments in real
estate or securities or for or on
account of its principal; to
acquire, improve, manage, work, dew
elop, exercise all rights in respect of
lease, mortgage, sell, dispose of, turn
to account and otherwise deal with
property of all kinds and particularly
relating to lands, buildings, conces-
sions, patents, business concerns and
undertakings.
To enter into any arrangements with
authorities, municipal, local or other
wise that may seem conducive to the
company's objects or any of them and
obtain from such government or auth
ority any right, privilege, or conces-
sion which the company may think it
desirable to obtain, and to carry out,
exercise and comply with any such
arrangements, rights, privileges and
concessions. Generally to carry on
and undertake any business, undertak-
ing, transaction or operation COM
monty carried on or undertaken by
promoters, financiers, concessionaEies,
contractors for public and other
works, merchants and any other busi-