The border vidette., 1906-10-06

powers of this corporation, and in the
transaction of all kinds and classes of
business, and to receive and collect
compensation and commissions there
for.
Article III The amount OF the au-
thorized capital stock of this corpora
tion is Two millions five hundred thou
sand dollars (S2, 500, 900. 00) divided
into two millions five hundred Thousand
q, 500, 00O) shares of the par value OF
one dollar ($l .00) each and such stock
shall be non asSessable.
The said stock may be issued for
subscription in cash or in consideration
of any other property, real of personal,
on such terms and at such times as the
hoard of directors may prescribe. The
said company may retain any proper
ton thereof in it's treasury and may
sell or contract to sell the same by a
vote OF the majority Of tts board OF
directors, or in such manner as its by
laws may provide.
Article " The time of the common
cement of this corporation shall be
when the articles are filed for record
In the Office of the county recorder of
the County of Santa Cruz, the county
where its principal place of business is
to be; and certified copy fled in the
office of the Territorial Auditor, and
it's termination shall be twenty five
(20) years thereafter.
Article The highest amount of
Indebtedness or liability, direct or con:
tingent, to which this corporation is
at any time to be subject is the sum
of One million dollars 81, 100000, 90
Article VI The stockholders of this
corporation and their private property
shall be exempt from the corporate
debts of this CORPORATION
Article VII The affairs of this COR
poratich are to be, and they shall
be, conducted by board of directors,
consisting of four persons who shall
be elected annually by the stock
holders, at such times and in such
manner as shall be prescribed by the
bylaws of this corporation, provided
that said board of directors may elect
such officers and appoint such COM
mittee or committees from their own
number to aid in the management OF
the business and in the conduct Of the
affairs of said corporation, and they
may see fit, and vest in said officers
and said ommittees all such power as
they may deem eXpedient.
The following named persons shall
constitute the board of directors OF
this corporation until their successors,
duly qualified, shall be elected. to-wit:
J. A. Faymonville and R. G. Brady.
Vacancies on the board of directors
shall be filled by the remaining mem
bers of the board, or by vote of the
stock holders at a special meeting call
ed by the president for that purpose,
Immediately, or as soon as practlc-
able after the filing of these articles for
record in the Office of the county re-
corder of Santa Cruz County, Territory
of Arizona, and the filing of certified
copy in the Office of the Territorial
Auditor, the persons named herein to
serve until their successors, duly quail
fed, shall be elected, shall meet and
organize as board of directors, adopt
bylaws and prescribe in said bylaws
the method of calling meetings of the
board of directors and stock holders.
A majority of said directors shall be
quorum, and any meeting of said
board at which a quorum is present
shall be deemed a regular meeting and
shall have the same authority as if the
full board were present.
Article VIII The board of directors
of this corporation shall have the pow
er to establish bylaws and to change
the same. and to make all rules and !
regulations deemed expedient for tie |
management of the affairs of this cor
poration and the officers thereof, not |
Inconsistent with the constitution and |
laws of the United States and laws of |
this Territory.
In witness whereof we have here |
unto set our hands and seals this 18th |
day of August 1906.
c. RAMIREZ,
L B. FLEISCHER,
J. A. FAYMONVILLE,