The border vidette., 1907-03-16

cross arms for supporting telephone and electric wires; to own and operate saw mills. and to carry on a general lumber business: to own, hold, pur- chase, lease and otherwise acquire, sell, lease, mortgage and otherwise dispose of, real, personal and all other kinds of property in Arizona or elsewhere: to buy, sell, exchange and deal in stocks and bonds of other corporations: and to make contracts of every character. anywhere to the same effect as natur- al person might so do.
 Article ". That the amount of the capital stock of said corporation is S40, GOO and the number of shares into which it is divided is 10000 of the par value of S1.00 per share.
 | Article V. At such times as the board of directors may by resolution direct, the capital stock shall be paid into the corporation, either in cash or by the sale and transfer to it of pro perty of any kind, or for services rem dered it; and shares of such capital stock may then be issued, and they and likewise all other stock of the corpor- ation, shall be forever fully paid up and -aSSeSSable. n the absence Of | actual fraud the judgment of the board of directors as to the value of property purchased by or services rendered to l said corporation for shares of stock therein shall be forever conclusive. | Shares of the capital stock may be I at any sum less than par which said | board in its discretion may direct; and | when so sold and issued, if issued as fully paid, said stock shall forever be deemed fully paid and the holder or holders thereof shall never be or be- come liable to said corporation, or to creditors thereof, or to any other per | son or persons whatsoever for the amount of the difference between the price pad for said shares and the par | value thereof.
 | Article VT. The existence of this cor poration shall be deemed to commence at the date on which the duly certified copy of these articles shall be filed with l the Territorial Auditor of Arizona, and the termination thereof shall be twen- | ty-five years from said date, unless re- newed or extended pursuant to the | laws of Arizona.
 | Article VII. The affairs Of this cor | poration shall be cond ducted by board of five directors, three of whom shall constitute quorum and whose acts present. The following shall constitute | said board of directors until their suc- cessors shall be duly elected. Names. Whose residence IS at. D. M. Crist, Venice, California. J. l.. Frazier, ,, ;, J. l.. Wheat, ,, :,
 R. A. Dallugge, ,, ;,
 J. $. King, ,, ;, All subsequent directors shall be elected from among the stock holders. and the vote of any stockholder may be cast in person or by written proxy, which written proxy, when once OK ecuted. shall continue in force until revoked in writing and such revocation filed with the secretary of the com pany.
 Article VIII. The corporation shall not create an indebtedness against it. self in an amount exceeding $25, GOO.
 Article TX. The stockholders of this corporation and their private property shall be forever exempt from all cor porate bebts and liabilities Of this cor poration of whatsoever character. Article X. The directors may prov idle such officers and employees they deem necessary and compensate them in money or stock of this corporation, or otherwise.
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this 5th day of March, 1907. -
 D. M. Crist, -
 J. L..-Mheat,
 J. l.. Frazier,
 R. A. Dallugge,