The Coconino sun., 1927-04-15

any business may be transacted and
meetings of the directors and or
members held
ARTICLE FOUR.
The term for which this corporation
shall exist is twenty-five years from
the date Of filing these Articles in the
| office of the Arizona Corporation
newal as provided by law.
ARTICLE FIVE
That the number of directors of
this corporation shall be not less than
five and not more than nine, as shall
be provided in the Bylaws. The
term of office of directors shall be one
| year from and after their election and
until their successors are elected and
have qualified.
The officers Of the corporation
| shall consist of President, first,
second and third President, and
a Secretary and Treasurer, and the
two last named officers may be filled
! by the same person, who need not be
member of the corporation.
/ The regular annual meeting of the
/ association shall be held at the prin-
cipal office of the corporation on the
second Tuesday in July Of each year,
for the election Of directors and trans
action of regular business. The Off
GERS Of the corporation shall be elect
ed by the directors.
Until their successors are elected
and have qualified the following shall
serve as the officers and directors Of
the corporation:
A. A. Johns, President and Director.
G.. E. Burton, First Vice President
and Director.
E. H. Duffield, Second Vice-Presi-
dent and Director.
Aubrey Gist, Third Vice President
and Director
H. B. Embach, Secretary and Treas
urer.
John Hennessy, Director.
Lou Charlebois, Director.
D. w. Campbell, Director.
Colin Campbell, Director.
E. A. Sawyer. Director.
ARTICLE SIX.
This corporation is organized with
out capital stock.
The voting power of members, to
whom membership certificates have
been issued in accordance with the By
Laws and these Articles, shall be
equal, and each member in good
standing shall be entitled to one
vote.
The property rights and interests of
all the members hereof shall be pro-
portionate to the gross amount paid
into the said Association by the mem
bers for all purposes to the time Of
adjustment and determination of the
property rights and interests of a
member or members.
The association shall have power to
admit new members to the association,
who shall be entitled to vote and to
share in the property Of the associa-
ton with the old members in accord
ance with the rule of proportion as
established in this Article. In case of
the withdrawal or expulsion Of a
member the board of directors shall
have power to appraise the property
interest of the member in the associa-
ton, which appraisement shall be
conclusive, and the amount of which
shall be paid to the member in money
within one year after such expulsion
or withdrawal.
Authority is conferred upon the
, board of directors to establish reserve
. funds, investment funds and or any
other fund consistent with the pur-
poses of this association.
ARTICLE SEVEN
This association shall not issue
capital stock, but shall issue member
ship certificates to each member.
The board Of directors shall have
power, either by resolution or by By
Laws, to establish what each member
shall pay as an entrance fee and as
yearly fees, which may be proportion
ate to the animals owned by the mem
Der, the products produced by him, or
otherwise.
The business of the association shall
not be carried on for profit to itself
nor for it's members as such, but for
its members in their capacity as pro-
ducers.
The membership certificates of
members shall not be assignable, ex-
cept by resolution of the board of di.
rectors made in particular case, and
then only when the assignee is a wool
or mohair producer; nor shall pur-
chaser at execution sale or one sue
ceeding by operation of law to GER
{ tificate of membership be admitted as
member except in the manner as
i hereinabove provided.
i A corporation engaged in the activ-
ity Of wool and mohair production
may become a member of this asso-
citation and be represented by any Of
its designated officers.
ARTICLE EIGHT.
The private property Of the menu
bers shall not be liable for the cor
porate debts of the association.
ARTICLE NINE.
The board of directors shall have
power to adopt Bylaws, not in con-
flict with these articles nor with the
i provisions of the COOPERATIVE
MARKETING ACT, of Arizona.
IN WITNESS WHEREOF, the in
corporators have hereunto set their
names and respective addresses this
21st day of November, 1924.
A. A. JOHNS, Prescott, Arizona.
CHAS. E. BURTON, Ash Fork, Ari-
zona.
i E. II. DUFFIELD, Cooley, Arizona.
( AUBREY GIST, Skull Valley, Ari-
Zona.
H. B. EMBACH, Flagstaff, Arizona.
/ JOHN HENNESSY, Flagstaff, Ari-