The Coconino sun., 1924-02-01

snail be held on the flfteenth (l5th)
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.
(c) Until the first annual meeting
of stockholders, and until their sue
cessors are elected and qualified, the
following named persons shall COM
pose the board of directors of this
corporations:
Philomena Babbitt, George G. Bab-
bitt and Herbert G. Babbitt.
(d) The board of directors of this
corporation shall have power to fill
any vacancy or vacancies occurring in
the board, and also to fill any vacancy
or vacancies occurring among the Of
ficers of the corporation.
(e) Said board of directors shall
have full power to establish and
adopt bylaws for the government of
this corporation, and to alter and
amend the same, and to make all rules
and regulations expedient for the
management of the affairs of this
corporation.
(f) Any person who shall cease to
be stockholder shall thereupon
cease to be director of this corpor-
alton.
ARTICLE VIII
(a) The officers of this corporation
shall be a president, vice-president,
secretary and treasurer, and they
shall be elected respectively by the
board of directors from among the
stockholders Immediately after the
annual meeting of the stockholders,
and such officers shall hold office
for one (1) year or until their sue
cessors respectively are elected and
qualified.
(b) Until the first annual meeting
of the board of directors, the directors
named herein shall. elect the officers
Of this corporation.
(c) The offices of secretary and
treasurer of this corporation may be
held by one and the same person, if
so ordered by the board of directors.
ARTICLE TX.
The highest amount of Indebtedness
or liability, direct or contingent, to
which this corporation shall be sub
ject at any one time shall be Six hum
dred sixty-six thousand, six hundred
sixty-six and 66-100 (666, ,666.66) dol
lars.
ARTICLE X.
The names, residences and post of
flee addresses of the incorporators
are:
Philomena Babbitt, Flagstaff, Ari-
zona,
George G. Babbitt, Flagstaff, Ari-
zona,
Herbert G. Babbitt, Flagstaff, Ari-
zona.
ARTICLE XI.
The private property of the stock
holders of this corporation shall be
exempt at all times and in any event
from any and all liability for its cor
porate debts of any kind whatsoever.
ARTICLE XII.
The clauses hereinabove set forth
in Article III hereof shall be con-
strued as a statement of both objects
or purposes and powers, which powers
shall be cumulative; and no recitation,
expression or declaration herein of any
specified object or purpose or spec
ial power shall be deemed to be ex-
elusive or any one or more of the
others, or of any other power which
may be lawfully exercised; and it is
hereby expressly declared that ali
other lawful powers not inconsistent
Herewith are hereby included; and
this corporation shall have power to
carry into effect any one or more or
all of the objects or purposes herein
above set forth, and to that end to
do any one or more or all of the acts
and things aforesaid, and likewise any
or all such other acts and things nee
essary or incidental thereto as such
corporation may lawfully do; and in
conducting and carrying on its busi-
ness, and for the purpose of attain
ing, promoting or furthering any one
or more of its said objects or pur-
poses, to exercise any or all powers
aforesaid, and any other or additional
powers now or hereafter authorized
by law which a natural person might
or could lawfully exercise in the pre-
misses, either alone or in conjunction
with others, in any and all parts of
the world.
IN WITNESS WHEREOF, we have
hereunto set our hands this 31st day
of December, Nineteen Hundred twen-
ty-three (1923).
PHILOMENA BABBITT,
GEORGE G. BABBITT,
HEDpEpT n DAPDTFTvU