The Coconino sun., 1927-03-11
| and / or

FRIDAY, MARCH. II, 1927
meetings of the directors and or
/ members held
| ARTICLE FOUR.
i 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
/ Commission, with privilege of re-
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
j 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, q first,
| second and third Vice-President, and
a Secretary and Treasures, and the
! two last named officers n1av 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 prifi-
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 OIL
GERS Of the corporation shall be elect
ed by the directors.
t Until their successors ale elected
and have qualified the following shall
serve as the officers and directors of
the corporation:
Al. IA. Johns, President and Director.
/ G. gE. Burton, First Vice-President
and Director.
g. 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
i share in the property of the associa-
i tion 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 q
member the board of directors shall
have Dower to appraise the property
i interest Of the member in the associR-
/ 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 Ptr-
poses of this association
ARTICLE SEVEN
This association shall not issue
| capital stock, but shall issue member
/ shin 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 men,
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 rs such, but for
its members in their capacity as pro-
ducers
The membership certificates of
members shall not be assignable, ex-
I cent by resolution of the board OF dl-
rectors made in a particular case, and
i then only when the assignee is a wool
/ or mohair producer; nor shall a pur-
4 chaser at execution sale or one sue
4 ceeding by operation of law to a GER
4 tificate Of membership be admitted as
/ a member except in the manner as
hereinabove provided.
A corporation engaged IN the actlv-
ity of wool and moEair production
may become member spf this asso-
i citation and be represented by any OF
i its designated officers.
ARTICLE EIGHT.
s The private property of the MEM
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 sthe COOPERATIVE
/ MARKETING ACT, of Arizona.
j IN WITNESS WHEREOF, the in
j corporators have hereunto set their
names and respective ADDRESSES this
i 21st day of November, 1924.
i Al. IA. JOHNS, Prescott, Arizona:
i CHAS. e. BURTON, Ash Fork, Ari-
i zOna.
i E. III. DUFFIELD, Cooley, Arizona.
i AUBREY GIST, Skull Valley, Ari-
zona,
H. b. EMBACH, Flagstaff, Arizona.