The Coconino sun., 1926-05-28

ses and privileges, inventions, i'm
provements and processes, copy
rights, trademarks and trade names
relating to or useful in connection
with any business Of this corporation
le) To subcribe or cause to be sub
.scribed for, and to purchase anC
otherwise acquire, own, hold, sell, as
ign, transfer, exchange, distribute
md otherwise dispose of, the whole OF
any part of the shares of the capital
took, bonds, coupons, mortgages
deeds of trust, debentures, securities
obligations, evidences of Indebtedness
notes.. good will, rights, assets and
property of any and every kind, OF
any part thereof, of any other corpor-
alton or corporations, association OF
associations, together with shares,
rights, units or interests in or in
respect of, any trust estate, now or
hereafter existing, and whether crea-
ed under the laws of Arizona or of
any other State, and to operate,
manage and control such properties,
or any of them, either in the name of
such other corporation or corpora
ton, 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 descrip-
ton, including the right to vote
thereon, with power to designate
some person or persons for that pur-
pose from time to time, and to the
same extent as natural persons might
or could do.
(f) Subject only to the limitation
hereinafter expressed, to mortgage,
pledge, hypothecate or otherwise en-
cumber any and all property of the
corporation whether real or personal,
and wheresoever the same may be
situated.
(g) To guarantee the payment of
dividends or interest and of the para
mount or principal on any shares of
stock, debentures, bonds, promissory
notes, or other securities issued by
his corporation, or by any other per-
son, firm or corporation, or on any
contract or obligation of any corpor-
lion, firm or individual whatever
which may be proper or necessary
for the business of the corporation.
(h) To lend and advance money
or give credit to persons, firms or
corporations and on such, terms as
may seem expedient, and in particu-
lar to customers and others having
dealings with the company, and tc
give guarantee or become surety for
any such persons, firms or corpora
tons.
(i) To issue bonds, deDentures or
obligations of this corporation from
time to time for any Of the objects
Or purpo oAes of the corporation, and
subject to the limitations hereinafter
expressed, to secure the same by
mortgage, pledge, deed of trust, or
otherwise.
I'D To transact the business afore-
said, or any branch of such business.
and to promote or conduct any of the
objects or purposes aforesaid, and to
exercise all of the powers hereinbe-
fore set forth or any of them, both
without as we'll as within the State
of Arizona and in any part of the
world, and to have one or more off
ces outside of said State
(k) In addition to the business, OBJ
jects and purposes hereinbefore set
forth, to do anything necessary, suit
able, useful, expedient or convenient
for the carrying on of any of said
businesses, or for the accomplishment
of any object or purpose, or the ex-
ercise Of any power hereinbefore set
forth, or which at any time shall ap-
pear to be beneficial to the corpora
ton in connection Herewith; and to
do any and all of the things above
set forth, either alone or jointly with
others, and either as principal for its
own account or as the agent of others
and to the same extent and as fully
as natural person might or could do
in the State of Arizona, or elsewhere.
The purposes and objects expressed
in the several clauses hereinbefore
set forth shall be construed both as
purposes and objects and also as
powers, and the statements contained
in each clause shall be in no wise linn
tied or restricted by reference to or
inference from the terms of any 9TH
er clause.
ARTICLE III.
The amount of the total authorized
capital stock of the corporation is
twenty-six hundred (2600) shares of
common capital stock without nomi-
nal or par value, and Two hundred
Sixty Thousand Dollars, ($26O,0OO,-
O0), divided into seven percent (7"o1
preferred shares of the par value of
One Hundred Dollars, ($10O.00),
each.
Said stock may be issued when, and
from time to time as the board OF
directors shall determine, and may be
issued, sold or otherwise disposed OF
upon such terms and conditions and
for such consideration or considera-
tions as the board of directors shall
by resolution from time to time pro-
vide.
The holders of the preferred stock
shall be entitled to receive when and
as declared out of the surplus or net
profits of the corporation, dividends
at the rate of seven per centum per
annum and no more, from the re-
spective dates when it shall be issued,
payable annually or oftener, at such
times as may be fixed by the Board
of Directors. The dividends on the
preferred stock shall be cumulative
and shall be payable before any div
. A. oo~oa~@14x~ e%nnLr shall hO