The Coconino sun., 1927-11-11
ARTICLE V.
Pursuit and Object.

Pursuit and Object.
The pursuit and business agreed
upon and the object of this corpora
ton, in general terms, shall be to car
ry on and engage in aerial naviga-
ton and commerce and to manufac-
ture, buy, sell, lease and otherwise to
acquire and dispose of, and to deal in,
products, facilities, material, equip
ment, accessories and supplies used or
useful in connection with the naviga-
ton of the air, and to engage in such
other business or activities as IN the
opinion of the Board of Directors
may further any of the foregoing pur-
suits or may be carried on convenient
ly in connection Herewith or may be
calculated directly or Indirectly to en-
nance the value of, or render more
profitable, any of the company's ac-
Invites, properties or rights.
This corporation shall have the
power
(a) To acquire, establish, maintain,
operate and dispose of air transport
service and air lines and systems for
the interstate and interstate transpor-
tation of passengers, mail, express
and freight, and for each and every
object and purpose for which aircraft
and air service may be available or
useful.
OBJ To manage, buy, sell, lease and
otherwise acquire and dispose of, and
to maintain and operate every kind
and form of land and water convey
ances deemed necessary or useful to
aid or supplement air transportation,
(c) To contract with persons, firms,
co-partnerships, associations, corpor-
ations, and with public and govern
mental authorities within the United
States and elsewhere, for the trans
portation of passengers, mail, express,
freight, and for every object and pur-
pose for which aircraft may be avail
able and useful.
Id To buy, sell, lease, construct
and otherwise to acquire and dispose
of, and to maintain and operate, air
ports, landing fields, telegraph, tele-
phone, radio and other stations, lines
and services for the transmission OF
messages and information, buildings,
facilities, machinery, schools, depots,
offices, warehouses, dwellings, stores,
hotels and places of recreation, re-
freshment and amusement, ard by
lease, contract or otherwise to permit
the use thereof to others;
(e) To purchase, sell, mortgage,
hypothecate, pledge, lease or other
wise acquire, cucumber, dispose pf and
deal in, on its own behalf and as an
agent or broker for others, all kinds
and character of property, real, per-
sonal or mixed, and while the owner
thereof, to exercise all the rights,
powers and privileges Of ownership,
including in the case of stocks and
shares, the right to vote thereon.
(fl To act as agent or factor for the
manufacturers or distributors OF, and
to manufacture, construct, repair, al
ter. trade in, buy, sell, lease, export
and import and deal in and with, any
and all machinery, tools, equipment,
implements, apparatus, appliances,
facilities, supplies, used or useful IN
connection with carrying on any OF
the company's business or activities.
(g) To borrow and lend money,
with or without security and to en-
dorse, or otherwise guarantee, the
obligations of others.
(h) To apply for, buy, lease, license,
sell or otherwise acquire, or dispose
of, franchises, patents, rights, IL
C
marks, trade-names and pending ap-
plications therefor, relating to or USE
full in connection with the purpose OF
this corporation.
ID To generate, purchase or other
wise acquire, to transmit, and IN any
manner to use, sell and otherwise dis
pose of electrical energy.
Cd To purchase, construct, or other
wise acquire and to operate, manage,
sell and dispose of impounding dams
and reservoirs for the conservation
and storage of water, and diversion
works, canals, bitches, pipe lines,
fumes and systems for the distrlbu-
ton thereof.
(k) To establish agencies, offices,
branches and exchanges, and to buy,
sell, or otherwise deal in, articles and
products manufactured by itself or
other persons or corporations, IN the
State of Utah and in other states or
territories of the United States and
in foreign. countries, as the Board OF
Directors may from time to time de-
termine.
"a To issue notes, bonds, deben-
lures and other obligations, negoti-
able or otherwise, from time to time,
and to secure the same by mortgage,
pledge, deed of trust or otherwise, on
all or any part of the property, rights
or assets of the corporation.
(m) To subscribe for, purchase, or
otherwise acquire, and hold, with the
same right of ownership as may be
permitted to natural persons, the
shares, stock, bonds, assets and obliga-
tions of any other corporation, and to
purchase, sell, own, pledge or other
wise acquire and dispose of, shares of
its own capital stock, acquired from
stockholders, or otherwise, provided,
however, that purchases of its capital
stock shall be made only out of the
surplus or undivided profits of the
corporation.
The foregoing clause shall be con-
strued both as objects and powers, but
no recital, expression or declaration
of specific or special powers or pur-
poses herein enumerated shall be