The Coconino sun., 1927-06-03

! the Secretary and the Treasurer may
be elected from the Board of Directors
or not, as the Board may determine.
4 Five Directors shall constitute
! quorum of the Board of Directors for
/ the transaction of business, and shall,
when properly assembled, be auth
orized and empowered to use and ex-
ercise all the corporate powers OF
I this corporation.
I There shall be a general meeting
Of the stockholders Of this corporation
held on the third Monday in the month
/ of November of each year hereafter,
at such hour, and at such place in
the City of Salt Lake, in the County
of Salt Lake, and State of Utah, as
the Board Of Directors may in the
Bylaws to be adopted by them fix
and determine, at which general meet
ing the Board of Directors for the
ensuing year shall be elected, by ball
/ lot and such other business may be
transacted as may properly come be-
fore the said meeting. Immediately
after the election of the Board of
Directors, the Secretary of the meet
4 ing shall notify the Directors elected
of their election. and within thirty
| (3O) days thereafter, they shall meet
and organize as Board and shall
elect the officers of the corporation
hereinbefore provided for.
The Board of Directors elected at
such general annual meeting, and all
other officers above named, shall hold
office for the term of one (l) year
and until, their successors are elected
and qualified, unless removed as here
matter provided.
The Board Of Directors shall have
rover to manage and control the
| business and affairs of the corpora
| tion, to make, execute and issue bonds,
and to secure the same by mortgage,
! lien or pledge on the corporations
property acquired, or to be acquired;
to incur all Indebtedness and make
| all contracts necessary and proper to
carry into effect the object and pur-
poses of the corporation, and to adopt
and change such Bylaws, not in
consistent with the laws of the State
of Utah, as they may deem proper
| for the management of the affairs
of the corporation, and generally to
exercise all powers conferred upon
| Boards of Directors of corporations
by the laws Of the State of Utah.
Either of the officers or directors
of this corporation may be removed
at a stockholders meeting, duly called
and held to consider the question OF
such removal when the holders of a
majority of the capital stock OF the
corporation, either in person or by
proxy vote for such removal; and
either or any of said officers or di-
rectors may resign by filing writ
| ten resignation with the Secretary
of the Corporation ten (10) days be-
| fore the same is to take effect, but
the Board may accept such reslgna-
ton on shorter notice. Vacancies IN
| the Board of Directors, caused by re-
moval by a vote of the stockholders
may be filled by the vote of a major
| ity of the stock represented at the
meeting when the removal is made;
all other vacancies, whether caused
| by resignation, removal, death or dis
ability Of directors or officers, may
be filled by the Board of Directors.
The following named persons shall
be officers of this corporation to
serve until the first general election
| for Directors, and until their success
sors are elected ard qualified:
William A. Clark, President and
| Director.
R. C. Kerens, First Vice-President
and Director.
| ]. Ross Clark, Second Vice-Presi-
dent and Director.
T. E. Gibbon, Third Vice-President
and Director.
t. f. Miller, Secretary and Direc-
tor.
| F. K. Rule, Treasurer.
| w. S. Mccormick, Director.
George B. Leighton, Director.
| Thomas Kearns, Director.
| E. W., Clark, Director.
reed Smoot, Director.
Chas. w. Clark, Director.
| Perry S. Heath, Director.
ARTICLE XI
| The individual on private property
| of the stockholders of this corporation
| shall not be liable for any of the
debts, liabilities or obligations of this
corporation.
IN WITNESS WHEREOF, we
have hereunto subscribed our names
| this 18th day of March, A. p. 1901.
WILLIAM A. CLARK
r. G.. KERENS
J. ROSS CLARK
w. S. MCCORMICK
DAVID KEITH
THOMAS KEARNS