The Winslow mail., 1924-11-07

| business of this corporation shall be
at Winslow, in Navajo county, State
Of Arizona, and it may establish Of
| fees or branches at such other places
as may, from time to time, be desig-
mated by the Board of Directors.
ARTICLE ".
| The general nature of the business
proposed to be transacted by this cor
poration is in and by its corporate
name to take, receive, hold, and con-
vey, and dispose of any property, both
real and personal, which may be
granted, transferred or conveyed to
| it with it's consent, to make contracts,
| to purchase, lease, and otherwise &C
quire, barter, sell or otherwise dis
pose of, pledge, mortgage, hypothe-
cate, and deal in lumber coal, paint,
shingles, lath, lead. oil, roofing, fin
ishing materials, hardware, real es-
tate, and all things usually kept on
sale in lumber-yards and hardware
stores; to buy, sell, own, mortgage,
lease, and hold real estate of all kinds,
to do a general manufacturing and
mercantile business in things pertain
ing to construction Of buildings, to do
general contracting and contract work
in the erection of any and all kinds
of buildings; to conduct and operate
lumber-yards and hardware stores; to
issue bonds, notes and other evidences
of indebtedness, and to secure pay
ment Of the same by mortgage, deed
of trust, or otherwise; to act as agent,
trustee, broker, and to borrow and
loan money, and to do and perform
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business, not inconsistent with law,
as may be connected with the pur-
poses and objects of this corporation.
ARTICLE V.
The authorized amount of capital
stock of this corporation shall be
twenty-five Thousand and no 100
($25, 000.0O) Dollars, divided into two
hundred and fifty (250) shares of the
par value of One Hundred and no 100
($100.00) Dollars each; that said
shares of capital stock may be paid
in cash, real or personal property, or
any other valuable right or thing;
that when any shares of capital stock
are exchanged for anything but cash
the transaction must be approved by
the board of directors, and the prop
erty received for said shares of capt.
tai stock must be Of such value that
said shares of capital stock are sold
at not less than par value.
ARTICLE VI.
The management and control of the
business and property Of this corpor-
alton shall be vested in Board of
Directors consisting of not less than
three nor more than seven members,
who shall be elected from the stock
holders of record at the annual stock
holders meeting held the first Monday
in January each year, which shall
hold office until their successors are
elected and qualified; and vacancy
that may occur in the Board of Direc-
tors shall be filled by the remaining
members of said board from the stock
holders of record and said Board of
Directors shall have power, to enact
by law, and make and and all rules
necessary for the conduct and manage
ment of the affairs of the corporation
not inconsistent with these Articles
Of Incorporation or the laws of the
State of Arizona.
ARTICLE VII
The names and residence of the per-
sons who have been selected as Of
ficers and Board of Directors to man
age the business and affairs of the
corporation until the first annual
stockholders meeting, are as follows:
w. A. Odds, president, Winslow,
Arizona; J. F. Odds, secretary and
treasurer, Winslow, Arizona; c. T.
Lindblom, vice-president, Winslow,
Arizona.
ARTICLE VIII.
The highest amount of Indebtedness
to which the corporation may subject
itself shall not exceed an amount
actually issued and paid in, or Six
teen Thousand Six Hundred Sixty-Six
and no 100 ($16,666.00) Dollars.
ARTICLE TX.
The private property of the stock
holders of this corporation shall not
be subject to the payment of the cor
porate debts in any amount or to any
extent whatever; except as otherwise
provided by law.
ARTICLE X.
The directors shall have the power
to adopt, amend and rescind bylaws,
to fill vacancies occurring in the
Board of Directors for any cause, and
to appoint from their own number an
executive committee with all the pow
ers granted to the directors by these
articles.
ARTICLE XII
The name and place of residence
of the Statutory Agent of this cor
poration shall be w. A. Olds, Wins
low, Arizona, who has been bona
fide resident of said state for more
than three years, and who for and in
behalf of said corporation shall ac-
cept and acknowledge service and
upon whom may be served all neces-
sary processes in any action, suit or
proceeding that may be had or brought
against the corporation in any of the
courts of the State of Arizona. such
service or process or notice of the &C
ceptance thereof by said agent endors-
ed thereon to have the same effect
and force as if served upon the Presi
\ O. 49, o \ ton