The border vidette., 1904-11-12

and all kinds of water craft: to own. handle,
 and control letter- patent pate4ts and inven-
 tions= purch -se otherwise acquire. hold.
 pledge, hyp"thecate. seIi otherwise dispose
 of shares of the capital stock of other corpora
 tions; to borrow money ant execute notes
 bonds. mortgages and deeds of trust to secure
 the sam: do and perform all matters and
 things necessary, expedient proper to carry
 out the purposes and business acts for
 which individuals may lawfully associate
 themselves together to perform. and 0 and
 perform every act and thing winch 4t is lawful for natural persons to do- all which busi-
 nesses occupations may D- carried on at such piace-. either in ti.e United States else
 where. $ tbe Board ,s Directors may consider for the best interests ef Inc corporation
 Y. The amount of the capital stock of this corporation sha.Ii D. One Hundred Thousand Doilsr- (Sl03.U;0-,O,l visied into One Hua- dred Thousand Sh .res lIo1 0o0l of the par value of One Dollar tSI-Oog each. aaI said shares of stock shall be fully paid ID at the time of issuing the certificates therefor. and shall be non-assessabIe- At sacil time and under such eonditiols as BSzrI os Directors may direct. saId sapital Eto-k shall be paid into the co-pO- ration, either in -si 0 i,y l safe transfer to II of real .r personal pro. erty for the and purposes Of the corporation. in payment of winch shares of the capital stock shall be sued and aid stO-lz. wben issued. shall be 1u Iy paid and nOn-ass-ssa pie The capital stock may be increased decreased by sho a1-irrna- tive vote of rnajO-ifv OI tie stock tn Issue-i- but in of the increase of the capital stock each shareholder shall hare tho privilege 4,t subscribing. for ssiclI of shares os the propo -ed increase ie maybe entitled to nc corJiug tO tIsc number of shares heII by him before the stock IF increased
 The highest amount .f indebtedness or lab ility, either direct contingent. which this corporation may ct any tiul- tubj-ct itself. shall moi exceed the sum of s5ixty-eiz Thous- and Dollars. (S65. .Ovoj. the private propor
 
 exempt from the payment of it's corporate debts
 VII The business affairs of this corporation ! ssaI be conducted bs E ,ari Of Directors 1 consisting of not less than three nor more than seven members. raril of whom shall b. d stock | holder and wheaeyer any Director cese to be | \ stoclShoIder hz shall at the tarn> to be 9s Director They shall b. elected annually [ by the stockholders it their re;;Iisr ing which snail be neid at any Of the offices of the corporation tine first Monday of January |! of each year. shall hOia their office until their succ, =sors eIerted and qualified. l Any vacancy in the Boari of Directors may be | filled by the remaining members of t.e Board 1 of Directors by appointment from among the ! stockholders and c!i appoIut5nent hall be 1 for tine unezpired term for v=iiicA the appoint men. is made The Er-t Board of Directors i shall consist of the Operators whose names are heTeuntO subscr.Ded- 4 majority of the 1 Board of Difecto-s shan constitute quorum for the transaction of D,-=iIess.
 VIII. Within days after the election of any Board of Directors they shall meet at the principal ol5ico of tis cosafany. to-Ssit. at Noaale=. ArizoDa. and elect the officers of this corporation. which ali be a Preside l. a Nice-Preside2t. a;.i Secretary and Treasurer. ! and sach other minor officers or agents the Board of Directors may GeeI1 necessary for the Le-t interests Of the corpo: istion- The Presi- dent and tine ecr~tary and the Treasurer shall f.~ r-e--. CT rie Tssr- , Ifs- ol4ce oT s-czc;a1y and t!s.5 Cs 1To.-=girer ma