The Coconino sun., 1927-01-14
of this class by the laws of the State
Of Delaware.

OF TINS class by the laws OF the State
of Delaware.
ARTICLE ".
| The total authorized capital stock
of this corporation is Five Hundred
Thousand Dollars ($5O0,000.00), di-
vided into five thousand $4,000
shares of the par value of One Humid
red Dollars ($100.00( each.
The amount of capital stock with
which it will commence business is
One Thousand Dollars ($1,000.00) be-
ing ten (10) shares of the par value
of One Hundred Dollars ($100.00)
each.
ARTICLE v.
The name and place of residence of
each Of the original subscribers TO
the capital stock and the number of
shares subscribed for by each are as
follows:
S. L. Mackey, Wilmington, Della
ware, 4.
L. G. Christy, Wilmington, Della
ware, 3.
H. Kennedy, Wilmington, Della
ware, 3.
ARTICLE vi.
This corporation is to have perpet-
ual existence.
ARTICLE VII.
The private property of the stock
holders shall not be subject to the
payment of corporate debts to any
extent whatever.
ARTICLE VIII.
In furtherance, and not in limita-
ton of the powers conferred by the
laws of the State Of Delaware, the
Board of Directors is expressly auth
orized:
If the Bylaws so provide, or by
resolution passed by a majority OF the
whole Board, to designate two or
more of their number to constitute
an executive committee, which COM
mittee shall for the time being, as
provided in said resolution or in the
Bylaws Of this corporation, have and
exercise any or all of the powers of
the Board of Directors in the man
agement of the business and affairs
of this corporation, and have power
to authorize the seal of this corpor-
alton to be affixed to all papers which
may require it.
If the Bylaws so provide, the
stockholders and Board of Directors
shall have power to hold their meet
ings, to have an office or offices and
to keep the books of this corporation,
outside of the State of Delaware, at
such places as may from time TO
time be designated by them
This corporation may in its By
Laws confer powers upon the Board
of Directors additional to the fore
going or those expressly conferred
upon them by law.
The objects specified herein shall,
except where otherwise expressed, be
in no way limited nor restricted by
reference to or inference from the
terms of any other clause or para
graph of this certificate of incorpora-
tion. The objects, purposes and pow
ers specified in each Of the clauses or
paragraphs in this certificate Of in
corporation shall be regarded as in
dependent objects, purposes and pow
ers. The foregoing shall be construed
both as objects and powers and enum-
Grafton thereof shall not be held to
limit or restrict in any manner the
general powers conferred on this cor
poration by the laws of the State of
Delaware
This corporation reserves the right
to amend, alter, or repeal any pro-
vision contained in this certificate of
incorporation in the manner now or
hereafter prescribed by law, and all
rights conferred on officers, Board
of Directors and stockholders herein
are granted subject to this reserva-
ton.
WE, THE UNDERSIGNED, being
all of the original subscribers to the
capital stock, for the purpose Of for
ming corporation, in pursuance Of
an Act of the Legislature of the State
of Delaware, entitled GAN ACT PRO
VIDING A GENERAL CORPORA
TION LAW" (approved March 10,
1899 and the acts amendatory there
of and supplemental thereto, do make
and file this certificate of incorpora-
tion hereby declaring and certifying
that the facts herein stated are true
and do respectively agree to take the
number. of shares of stock hereinbe-
fore set forth, waving all require
ments of the statutes Of the State Of
Delaware relating to notice of as
sessments on the stock hereby SUD-
seribed, and accordingly hereunto
have set our respective hands and
seals this 22nd day Of November, A.
d. 1926.
S. L. MACKEY, (SEAL)
v CxrT1NT