The Coconino sun., 1924-01-11

80
associations or corporations, or with
any government or governmental sub
division or body polite, whether Tor
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.
fk) 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.
ID 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
eebtedness 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-
tion to this corporation and upon such
lawful terms and conditions as in the
Judgment of its 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 it's
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,
whereat meetings of its board of di-
rectors may be held, either within or
at any place or places without the
State of Arizona.
ARTICLE ".
(a) The total authorized 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 Arizena.
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-
tennined 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
exchange for which said shares OF
stock may be issued, and in the alb
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 prices as said
| board of directors may K.On1 time to
time by resolution determine.
(b) All shares of stick of this cor
poration shall be issued fully paid and
-assessable, and the certificate OF
certificates evielencing the same shall
SO recite.
All R11OLE 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
! ton Commission Of the State of Ari-
zona, and the recordation of a certi-
fled copy thereof in the offices OF
the respective county recorders of the
following counties in the State of Ari-
zona; Coconino, Mollave and Pima
and it shall terminate twenty ty-five
years thereafter unless it be renewed
in the manner provided by law.
ARTICLE VII.
(a) The affairs of this corporation
shall be conducted, governed and con-
trolled by board Of three 90 direc-
tors, which number Of directors may
be either increased or reduced by res
olution of the board of directors.
(b) Said board Of directors shall be
elected at the annual meeting OF
stockholders of this corporation which
shall be held on the fifteenth (15th)
day of February in each year at $3.50
o'clock in the forenoon, and all di-
rectors shall serve until their success
ors respectively are elected and quail
flied.