The border vidette., 1907-07-13

| (e) To sell, convey, bond, lease, mortgage or otherwise dispose of any and all of it's property of every character whatsoever
 CD 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, | sell or otherwise acquire or dispose of | the bonds and evidence of indebted ness of this or any other corporation, to 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 a copy of these Articles, verified by the Recorder of Santa Cruz County, Ariz- ona Territory, to be a copy of the 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 its termine- 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, O0O 900, divided into Two Million shares l2,OOO.OOO) of the par pital stock shall be paid m 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 judgement 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 VT.
 (a) The affairs of this corporation shall be conducted by a Board of Di- rectors, which Board shall consist of five embers, all of whom shall be stock holders in this corporation.
 (b) The first Directors shall be John H. Wilson, Julius Bieler, R. A. Me- Donald, John Nicely and H. W. Graib, all of the City of Pittsburg, State of Pennsylvania. who shall hold office until the first Monday of June, 1908, and until their successors are elected and qualified; and thereafter the Di- rectors annually, at a stockholders meeting to be Eeld at the office of the Company in the Town of Patagonia, County of Santa tb Cpz Territory of of each year at 10 o'clock, A. M. 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 until their successors are elected and qualified.
 (c) The Board of Directors may adopt Bylaws, and from time to time amend the same, provided that at the first meeting after the adoption or holders shall have the right to amond or repeal any provision of the By Laws made by the Board of Directors, since the last regular meeting of said stock holders.
 The Board of Directors shall have power, at any time, to meet at any place by them designated, either in the Territory of Arizona, or elsewhere:
 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 deeu it advisable so to do, and shall have like power to separate said offices.
 Tho officers of this corporation from its organlzation, and until the first Monday in June of the year 1908, shall be H. w. Craib. President; John H. Wilson, Vice President; R. A. Me Donald, Secretary and Treasurer; T. A. Cox, General Manager, and thereafter the Board of Directors, at their first meeting following their own election in each year, shall elect the officers for the ensuing year.. who shall serve as such officers for the term of one year, and until their successors shall have been elected and qualified.
 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 offices of this corporation.
 ARTICLE VII. The hie hest amount of indebtedness or liability to which this corporation is at any time to subject itself, is the sum of One MIlloR Two Hundred Thousand Dollars ($1, 200, 000.)
 ARTICLE VIII.
 Stock holders and their private prop 9rty shall be exempt from the corporate debts, and from all liability therefor.
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this 9th day of June, 1907.
 FRANK H. HEREFORD.
 EDWIN F. JONES.