The Coconino sun., 1925-09-11

transfer and exchange real estate of
every kind and of any interest therein,
and to trade in real property improve
ed and unimproved in the State OF
Arizona and elsewhere.
Co To buy, build, construct and I'M
prove such buildings, factories, ma
chinery and equipment as shall be
necessary to carry on the business OF
this corporation.
(d) To buy, build, maintain, lease
and operate, run and conduct, automo-s
biies, motor trucks, motor cars, wag-
ons, buggies, carriages, and ali other
classes of vehicles or means of con-
veyance as may be necessarygfo the
proper and efficient handling Of its
products.
(e) To buy, sell, guarantee, or in
vest in. or loan money upon mortgages.
and all manner of obligations and Sc
curities and personal property of any
and all kinds and real estate and all
manner Of right and interest therein.
(f) To borrow and lend money,
either with or without security, and to,
make and issue pron1issory notes, bills
Of exchange, bonds, debentureS. and
obligations and evidences of indebted
ness Of ali kinds, whether secured by
mortgage, pledge, deed of trust, on
otherwise, and to secure the same by
mortgage, pledge, deed of trust or
otherwise.
(g) To purchase, subscribe for, or
otherwise acquire, and to hold, sell,
assign, transfer, mortgage, pledge OF
otherwise dispose OF shares of the
capital stock and bonds, debentures,
and other evidences Of Indebtedness
created by any other corporation, co
partnership. or association, domestic
or foreign, and, while the holder there
of, to exercise all. the rights and privi-
leges Of ownership, including the right
to vote thereon.
(h) To buy, SELL or otherwise ac4'
quire, hold, own, use, manage, irlr
prove, maintain, develop, rent, mort
gage or otherwise. encun1ber,, and to.
transfer and exchange all kinds OF
personal property which may be
necessary or convenient to, or auxil-
iary to the purpose and objects of this
corporation.
G) To acquire the good will, busi-
ness, property and assets, and to as
sumo or undertake the whole or any
part of the liabilities of any person,
firm, association, partnership or COR
poiation, and to pay for the same IN
cash, stock, bonds, debentures, or
other securities of the corporation. or
otherwise, as the directors may deter
mine, and to hold, or in any manner
operate, conduct or dispose of the
/ whole or any part of such businesses,
/ property and assets SO acquired.
| Cd To apply for, acquire, buy, sell,
assign, lease, pledge, mortgage or
! otherwise dispose of letters patent of
1 the United States or of any foreign
country, and to apply for, acquire,
hold, sell, assign, lease, mortgage or
otherwise dispose of patent rights,
I licenses, privileges, inventions, copy
! rights, trade marks, trade names and
pending applications therefor, relating
TO or useful in. connection with any
business of the corporation, and any
/ formula and process IN connection
| Herewith.
(k) To make and enter into con-
tracts of every sort and kind with any
/ individual finn, corporation or asso-
citation, private, public or municipal,
body polite and with the government
of the United States, or any state,
territory or colony thereof.
The foregoing clauses shall be con-
strued both as objects and powers,
and no recitation, expression or dec
laration OF specific or special powers
or purposes herein enumerated shall
be deemed to be exclusive; but it is
hereby expressly declared that all
4 other lawful powers not inconsistent
l Herewith are. hereby included and the
business and purposes of this corpora
ton shall be from time to time to do
any one or more or all of the acts and
things herein set forth and all such
other acts, things or business OF busi-
nesses in any manner connected there
with, or necessary, incidental, convea-
lent or auxiliary thereto, or calculated
directly or indirectly to promote the
interest of said corporation or en-,
hance the value or render profitable
any Of the property or any of the
rights of this corporation, and as such
corporation may lawfully do.
w
The capital stock of the corporation
shall; be One Million Dollars (S1,0O0,-
100000, divided into ten thousant
100000 shares of4Fhe par value O
Fifty Dollars ($50a0) each, which
shall be known as common stock; a1lc
five thousand (5060) shares of tl1t
par value of One Hundred Dollars
($10O.00) each, which shall be known
as preferred stock. Such stock shall
be paid for at such times and in sucf
manner as the Board of Directors may
designate.
The holders Of the preferred stool
shall be entitled to receive from th'
surplus or net profits of the corpora
tion yearly dividends at the rate 9
seven -ner cent lTgal per annunl. pay