The Winslow mail., 1926-03-19
LEGAL ADVERTISEMENTS

building sites, and by constructing,
/ reconstructing, altering, improving,
decorating, furnishing and main
tanning offices, flats, houses, factor
| les, markets, warehouses, shops,
buildings, works and conveniences
of all kinds, and by consolidating,
or connecting, or subdividing prop
critics and by leasing and dispos-
ing of the same.
To manage lands, buildings and
other property situate as aforesaid,
whether belonging to the corpora
tion or not, and to collect rents and
income, and to supply tenants and
occupiers, and others, and all ne
cessities incident thereto:
To acquire and take over any
business or undertaking carried
on, upon, or in connection with,
land or building which the corpor-
alton may desire to acquire as
aforesaid, or become interested in,
and the whole of any of the assets
and liabilities of such business, or
undertaking, and to carry on same,
or to dispose of, remove or put an
end thereto, or otherwise deal with
the same as may seem epedient.
To establish and carry on, and
to promote the establishment and
carrying on, upon any property in
which the corporation is interest
or any business which may be con-
veniently carried on upon, or in
connection with, such property, and
the establishment of which may
seem calculated to enhance the val
ues of the corporations interest in
such property, or to facilitate the
disposal thereof.
To advance and lend money to
builders, tenants and others who
may be willing to build on or i'm
prove any land or buildings in
which the corporation is interested,
and generally to advance money to
such persons and on such terms as
may be arranged.
(b) To subscribe or cause to be
subscribed for, and to purchase,
and otherwise acquire, hold, sell,
assign, transfer, mortgage, pledge,
exchange, distribute and otherwise
dispose of, either for investment
or otherwise, the whole or any
part of the shares of the capital
stock, bonds, coupons, mortgages,
deeds Of trust, debentures, secur1-
ties, obligations, evidences of in
debtedness, notes, goodwill, rights,
assets and property of any and
every kind, or any part thereof, OF
any other corporation or corpora
tions, association or associations
! now or hereafter existing, and
whether created by the laws of the
State of Arizona, or of any other
state, territory or country, SO far
as and to the extent that the same
, may be permissible by the laws re-
, lating to business corporations, and
to operate, manage and control
such properties, or any of them
either in the name of such corpor-
: alton, or corporations, or in the
name of this corporation, and while
owners of any of said shares OF
capital stock to exercise all the
rights, powers and privileges Of
: ownership of every kind and de-
scription, including the right tC
vote thereon, with power to desig-
nate some person or persons fol
that purpose from time to time tC
the same extent as natural persons
, might or could do.
And to do any and all other acts
or things for the preservation, pro-
lection, Improvement or enhance
ment of the value Of any such
stock, bonds or other obligations
or to do any acts or things designed
for any such purpose.
(c) The corporation may use and
apply it's surplus earnings or ac-
cumulated profits to the purchase
or acquisition of property and tc
the purchase or acquisition of its
, own capital stock from time tC
!. time, and to such extent and in
such manner, and upon such terms
as it's Board of Directors shall de-
termine; and neither such property
nor the capital stock so purchased
and acquired, nor any of it's capi-
, tai stock taken in payment or sat
isfaction Of any debt due to the cor
poration shall be regarded as pro-
fits for the purpose of declaration
, or payment of dividends, unless
otherwise directed by the Board oi
Directors.
(d) To borrow and to loan money
and to secure the payments there
of by mortgage, deed Of trust, OF
otherwise, upon any of its property
whether realty or personally, with
power to invest and reinvest the
: proceeds derived from the property
and the business of the corpora
tion.
? (e) To have and to exercise all
, other powers necessary to do all
things proper and requisite in ad-
dition to those therein set forth for
the purpose of carrying into effect
the objects and purposes contem-
plated hereby, and to do any and
all things for the advantage, adj
I vancement, profit and increase OF
the emoluments of this corporation
intending hereby for this corpora
tion as broad power as can be CIV
en- it without in any manner con-
STRUNG the enumerations of the OBJ
, iects Heretofore set forth as l1ml-
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