The Coconino sun., 1925-04-17

places as may be designated from
time to time by the Board of Direc-
tors.
Article Ii
The general nature of the business
proposed to be transacted is: to en-
gage In a general motor, garage and
machine shop business; to purchase
and sell, or otherwise dispose of, auto
mobiles, trucks and other vehicles and
accessories thereto; to sell, distribute
and otherwise handle and dispose of
manufactured articles and products;
and to acquire, lease, own and operate
lands and appurtenances for the pur-
poses Of it's said business. To do any
and all things, and to transact any
and every business which may be
necessary, requisite, useful or conven-
lent, incidental or auxiliary to the
business of the corporation as afore-
said
In furtherance of its general pur-
poses and powers, as above stated,
this corporation shall be empowered,
within such limitations as may be fix
ed by law, to acquire, own, sell, ham
die or dispose of shares Of stock of
this Or any other corporation; to bor-
row money and to execute and issue
the notes, bonds or other securities of
this corporation therefor, and to se-
cure the payment thereof by mort
cages or deeds of trust upon the cor
poration,s property or any part there
of; to apply for, obtain or otherwise
to acquire, hold, use, enjoy, handle,
sell or dispose of patents, inventions,
improvements and processes used in
connection with, or secured under let
tiers patent of the United States of
America, or elsewhere, and to grant
or acquire licenses, rights or privs-
leges in respect of any such patents,
inventions, improvements or processes,
and In general, to do any or all of the
things herein mentioned, as fully and
to the same extent as natural persons
might or could do, and in any part of
the world, having and exercising in
such respects, all of the powers con-
ferfed upon corporations of this class
by the laws of the State of Arizona
Article III
The authorized capital stock of the
corporation shall be Fifty Thousand
Dollars ($50,G00.00), divided into five
hundred (500) shares. of common
stock. of the par value Of One Hundred
Dollars (S100.00) each; which shares
shall be issued and paid in upon such
terms and conditions, and at such
times, as the Board of Directors shall
designate, in cash, real or personal
property, or any other valuable right
or thing for the uses and purposes of
the corporation; and all shares Of
stock, when issued in exchange there
for, shall tllereupon become and be
fully paid and -assessable forever;
and the Judgment of the Board Of Di-
rectors as to the value of any prop
erty right or thing, acquired in ex-
change for capital stock, shall be con-
elusive.
Article Nv
The time of the commencement Of
the corporation shall be the date of
the issuance to it by the Corporation
| Commission Of the State of Arizona,
of Certificate Of Incorporation; and
unless renewed, the corporation shall
terminate Z twenty-five (25) years
| thereafter, but the same may be re-
newed from time to time as provided
by law, so as to make the same per-
! petual.
Article v
The affairs of the corporation shall
be conducted by a Board of Three (3)
Directors, who shall be elected from
among the stockholders at their an
nual meeting to be held on the first
Monday Of January in each year. Un-
| til. their successors shall have been
elected and qualified, the following
! hamed persons shall constitute the
Board Of Directors: Edwin D. Babbitt,
Walter D. Bennett and Joseph R. Bab-
bitt
The officers Of the corporation shall
be such as the Board Of Directors may
elect or appoint; and until their sue
cessors shall have been elected and
qualified, the following named per-
sons shall be the officers: