The Coconino sun., 1924-08-15

dences of indebtedness of any corpora
tion or TO issue in exchange its own
stock, shares, bonds, debentures, script
payment therefor and while the owner
thereof to exercise al 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
lie, priVate,i municipal corporation or
bonds or other securities or obliga-
tons 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, aecumula-
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 bords, debentures or other
corporate obligations for proper and
lawful purposes when the Board OF
Directors shall deem necessary, adj
yisable 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, nortage, 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 its busi
ness and engage in aNy and all kinds
Of business that q natural person
might or coald engage in, III 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-
oentures, coupons and ether negotiable
and securities; to form
subsidize, assist companies,
syndicates and partnerships of all
kinds; to give any guarantee for the
Davnlent Of money or for the perfor-
nance Of any obligation or undertake
ing; to receive and hold money or its
equivalent pending investments in real
estate or securities or for or on
account of it's principal; to
acquire, improve, manage, work, dev-
elop, exercise all rights in respect Of
ease, mortgage, sell, dispose of, turn
10 account and otherwise deal with
property of all kinds and particularly
relating to lands, buildings, conces-
lions, patents, business concerns and
undertakings.
To enter into any arrangements with |
authorities, municipal, local or other
wise that may seem conducive to the
objects or any of them and
,btain from such government or auth |
,rity any right, privilege, or conces-
ion which the company may think it |
desirable to obtain, and to carry out, |
exercise and comply with any such
arrangements, rights, privileges and
Generally to carry on
nd undertake any business, undertake
ne, transaction or operation COM
monty carried on or undertaken by
financiers, concessionaries,
ontractors for public and other
Forks, merchants and any other busi-