The border vidette., 1908-03-28

acquire. own. exchange sell or otherwise dis: f 1 P1edss snf m Sa % anal property. mines. mining c.ai;ns, oil lands mi h. ST and- and ntar 9 "si Eass
 fna; 10 jlo neral fea1 estate, ,t;r control letters patent and inventions and shares borrow money anI execute bonds, mortgages deeds of trust to secure the ra:ne ari to notes shares of capitol stock and other secur- ities and 9bligations. and any and all r.ghts. thereof. including the right to vote uron any ha by it f9 m the son sf in general to do all things necessary to the ation in the Republic of Mexico or in tho Terri tory of Arizona or elsewhere; also to lease plants for the red .ction of and to lease own and to operate telephone and telegraph
 ARTICLE "
 Tho amount of the apitol stock of said cor poration is S5oC00 % ant the number oI shares into which it is divided IS Jouoo shares. of the par value of Sl.00 share
 ARTICLE V
 At such times tho Board of Directors by resolution direct the capitol stock shall be may be made either in cash by the ale and transfer to it of property of any kind for the shares of said capitol stock may then be issued and said shares so issued shall thereuIo on and the absence Of actual fraud, the judgment of property purchased or services rendered to the corporation for shares of stock in said corpor- ation, shall be forever conclusive and shares of stock may be issued for services rendered said corpo:ration either in it's creation or for the same footing as if it had been paid for in actual cash. The shares of the capitol stock of this corp9ration may be old hy order of the Board or Directors at any sum Jess th n par. creation may direct and when SO sold and is sued as fully paid. said stock shall be deemed shall never be or become lia ble to said corpOr ation the creditors thereof O any other of between the price paid for said shares of stock of said corpo atlon and the par value thereof. ARTICLE VI That the existence of this corporation shall be deemed to commence upon the date upon incorporation shall be flied with the Territorial Auditor of the IsLritory y of Arizona and the from said date, unless renewed extended pursuant to the laws of the Territory of Ari-
 ARTICLE VII ! The affairs of this corporation shall be con | ducted by a Board of five Directors, q majority of whom being present may proceed with a4ehoTity and their acts & shall be as bind; persons shall constitute said Board of Direct A. M. Conard, Nogales, ArIzona i C. F. kroh, Kans IS City, Kansas
 E E es Conard nanssS Rea Bluff Bluff caRfornia
 w. k, Moore, Kansas City, Missouri | All subsequent directors shall be elected ] from among the stockholders the bylaws of may % ess aRd t % y l written proxy, which written proxy when once l execuJeQ small continue Tn Force until revoked | in writing and such revokation filed with the | secretary of the cOrportion
 ARTICLE VIII ! The corporation shall create any in debtedness against itself in an amount exceed ing S:53UC0.00.
 | ARTICLE IN
 The stockholders of this corporation and their private property shall be forever exempt from all corporate debts and liabilities of this corporation of whatsoever char acter and shares | of stock in this corporation shall be forever l non -asSeSsa ble.
 ARTICLE
 The directors hereof by resolution may pro- vide such oihcers, agent, rePreseny ati yes, em- pioyees or servants $ the needs of the corpor- ation may demand and compensation in money | or stock in thIs corporation may be given them 1 in any manner they may deem best and wisest | IN WI TNESS WHEREOF, have hereunto set | our hands and seals this F; day of March, l9JS l A. M. COWARD l F. l.. REED
 l C. E. khOH
 ! w. k. MOORE