The border vidette., 1907-07-06

i mortgage or otherwise dispose of any and all of its property of every character whatsoever l (f) To subscribe for, buy, sell, or otherwise acquire or dispose of the ca pital stock or shares of the capital stock of this or any other corporation; to buy, 1 sell or otherwise acquire or dispose of the bonds and evidence of indebtedness of this or any other corporation, to i own and hold the capital stock of this or any other corporation, and to vote | or cause to be voted at stock holders meetings, all stock of any other corpo- ration held by this company. and to transact any and all other business in cidental to the purposes of any of the matters aforesaid.
 ARTICLE ". The time of commencement of this corporation shall be the date when copy of these Articles, verified by the Recorder of Santa Cruz County, Ariz- original Articles heretofore filed in the office of the said County Recorder, shall be filed for record with the Ter ritorial Auditor of the Territory of Arizona: and the time of it's termina- tion shall be Twenty-Five years (25) thereafter.
 ARTICLE V.
 The amount of the capital stock of this corporation shall be Two Million Dollars (S2, 900, 900, divided into Two Million shares (2,000,O0O) of the par value of One Dollars each, which ca pital stock shall be paid In from time to time as called for by the Board of Directors. and the Board of Directors may issue shares of stock in ex- change for services or property, and their jud cement in so doing, including the fixing of the price of such services, property, and shares Of stock, shall, in the absence of fraud, be conclusive.
 ARTICLE VI.
 (a) The affairs of this corporation shall be conducted by a Poard of Di- rectors, which Board shall consist of five mem bers, all Of whom shall be stockholders in this corporation
 (bl The irst Directors shall be John Donald, John Neely and H. w Graib, all of the City of Pittsburg, State of Pennsylvania. who shall ho'd office until the first Monday of June, 1908, and until their successors are elected and qualified; and thereafter the Di- rectOrs annually, at q stockholders meeting to be Eeld at tho office of the Company i'll the Town of Patagonia, County of Santa Cruz, Territory of Arizona, on the first Monday in June of each year at 10 o'clock, A. NJ. on said day, shall be elected and shall qualify for the term of one year, com mencing on said Monday in June in each year, and shall hold their offices
 
 qualified.
 (c) The Board of Directors may adopt By-Laws, and from timo to time amend the same, provided that at the first meeting after the adoption or amendment of such bylaws, the stock holders shall have the right to amond or repeal any provision of the By Laws made by the Board of Directors, since tho last regular meeting of said stock holders.
 |, power, at any time, to meet at any place by them designated, either in the Territory of Arizona, or elsewhere.
 e The officers of this corporation shall be that of President, Vice -presi- dent Secretary, Treasurer and General Manager, and such minor offices as the Board of Directors may, from time to time create The Board of Directors shall have power to consolidate the duties of the offices of Secretary and Treasurer, and of President or Vice president and General Manager, when ever they deen it advisable so to do, and shall have like power to separate said offices.
 The officers of this corporation from its organIZation. and until the first Monday in June of the year 1908, shall be H. w. Craib. President; John Fl. Wilson, Vice President: R. A. Me- Donald, Secretary and Treasurer; T. A. Cox. General Manager, and thereafter
 
 meeting following their own election in each year, shall elect the officers for the ensuing year. who shall serve ns such officers for the term Of one year, and until their successors shall have . been elected and qualified.
 Q The Board of Directors shall have power, at any time, to fill vacancies therein, and shall have power. at any time, to fill vacancies in the olicos of this corporation.
 ARTICLE VII.
 The hio hest amount of indebtedness or lirbility to which this corporation is at any time to subject itself. Is the sum of One MIlioa Two Hundred Thousand Dollars (Tl, 200, 0OO.)
 ARTICLE VIII. Stock holders and their private prop crty shall be exempt from tbe corporate debts, and from all liability therefor.
 IN WITNESS WHEREOF. we have hcreuntO set our hands and seala this 9th day of June I901.
 FRANK II. HEREFORD.
 EDWIN F. JONES
 Territory of Arizona : .