The Coconino sun., 1927-03-25


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 corporations on the
second Tuesday in July of each year,
for the election of directors and trans
action of regular business. The Off
cers of the corporation shall bda elect
ed by the directors.
Until their successors are elected
and have qualified the following shall
serve IS the officers and directors OF
the corporation:
A. A. Johns, President and Director.
G. E. Burton, First Yice-President
and Director.
E. H. Duffield, Second vice-Presi-
dent and Director.
Aubrey Gist, Third Vice-P 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 irl 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
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. Iniease of
the withdrawal or expulsion of a
member the board of directors shall
have power to appTalse the property
interest of the member IN the associa-
tion, 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. N
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 faember
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 Aa
The business of the association shall
not be carried on for profit to itself
nor for Its members as such, but for
its members in their capacity as pro-
ducers.
The membership certificates of
members shall not be assignable; e1-
cept by resolution of the board Of di
rectors made in particular case, and
then only when the assignee is q wool
or Ynohair producer; nor shall "a plir-
chaser at execution sale or ONE sue
ceeding by operation of law to GER
tificate of membership be admitted as
a member except IN the manner as
hereinabove provided.
A corporation engaged in the activ-
ity Of wool and mohair production
may become member of this assoc
citation and be represented by any of
its designated officers
ARTICLE EIGHT,
The private property OF the mem
oers shall not be liable for the cor
,orate debts Of the association.
ARTICLE NINE. sIt
The board of directors shall have
power tcs adopt BYLAWS, notsin con-
flict with these articles nor with the
provisions OF the COOPERATIVE
MARKETING ACT. Of Arixdalas
in WITNESS WHEREOF, the in
corporators have fereunto set atheir
names and respective addresses this
21st davsof November, 1924.
"A. Al. T0HNS,s Prescott, Arizona.
GEfAS.ETa. BURT DIN, !, Ash Fork, Ari
b. H. pIiTFFIElD, Cooley, Arizona.
AUBREY GIsksssT 8 kull Valley, Ari-
HB ENBA CIR Flagstaff, Anizona.
JOHN aE N " EESy, Flagstaff, Ari-
IONS.
COLIN G. AAdPBELL, Flagstaff. Ari-
Lou CHARLEBoIs, Ash Fork,
Arizona
SAW I Err, Winslow, Arizona.
State of Arizona,
County of Yayapai-ss.
The foregoing instrument was ac-
knowledged beforelm this 21st day
of November, 1924, BY a.. A. Johns,
one of the signers thereof and one of
the heincorporators therein.
(Notariai SeaI) T. j. BYRNE,
Notary Public.
Ny commission expires Feb. 2T, 1928.
ARIZONA CORPORATION
COMMISSION
Incorporating Department
Filed Feb. 18, 1925 at 4:00a RI M. at
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