The border vidette., 1909-10-30


 which may be necessary, oxpedient incident or Businesses e1e S for which this corporation is or ganized.
 The capital stock of this corporation shall be One One Million ti,ooo. .ooOi shares of par Value of one dollar LSi00] each, which stock shall be as s may b be @ perseribed by the Board of Directors of the corporation. and the Board of Directors said stock fully paid up and non-aesessabie, in considerat,on If the payment thereof in in property. rights or interests of any description. or services rendered or to be rendered for the corporation: and the valuation or appraisal by the Board of Directors of any D -Operty, rights dered or to be rendered to the Corporation, shall be binding and conclusive upon the stock holders of this corporation, and all others dealing with the corporation.
 ARTICLE
 The capital stock of this corporation, when issued, shall be forever non-assessIble.
 ARTICLE VI
 The highest amount of indebtedness or hab- iiity, direc: or contingent. to which this cor, porHtion is at any time to be subject, is and shall be, sum less than two-thIrds. of the
 ARTICLE VII
 The time for which this corporation shall endu' shall be twenty-five l25l years from and corporation for record in the office ot the County Recorder of Phoenix, Maricopa, Ari- zona.
 The business and affairs of this corporation shall be managed. controlled and administered by a Board ot Directors consisting of not less than three [sl stockholders. provided. however, that that the Board of Directors IS hereby granted not exceeding nine t9l at any regular meeting ." of the board so selected % by the then existing board shall hold office until the next socceedI ng annual election of Directors by the Stockhold- CTS of the corporation
 A majority of the Board of Directors shall s o year (D and until thelr successors are elected vided 0 -00
 The Be ard of Directors shall be elected an which meeting shall be held on the Is day of October
 Any vacancy occurring in the Beard of Di- remaining members of the board.
 The Board of Directors is hereby authorized and empowered to make and esta bIish Bylaws for the government of the corporation. and to alter and amend the same. and to make all are needful or necessary for their management ence and control of the officers thereof Pro vided. that such By-Laws or regulations shall tlcles of Incorporation, the laws of the Terri tory of ArIzona, or the constitution and laws
 ARTICLE TX
 The privat property % of of every stoekhodeTs in liability for the corporate debts of the corpor- ation-
 The officers of this corporation shall be a President. Vice-President, Secretary. and a Treasurer. and such other officers and agents the Board of Directors may, from time to time, provide or appoint. The President. yice-Pre sident Secretary and Treasurer shall be elected by the Board of Directors immediately after their election, from among their nnmber and all officers elected shall hold office for the term of one III year, and until their successors are elected and qualified, ex- cept as herein otherwise provided. The of fees of President and Treasurer may be united in and the same person.
 ARTICLE XI
 The Board of Directors shall have the power to sell and otherwise dispose of any property of this corporation, less than he whole there of. In the regular course of business whenever, in their judgment. it may be deemed best to do so; to cucumber, lease, and otherwise handle any of the property of the corporation; to q uire property for this corpOration; to borrow money up to the amount herein limited, and to execute corporate notes, and other evidences of indebtedness Ot this cOrpor Ition thereof. and to secure the payment of the same by mortgage, deed of trust, any manner designated by Ia w. by the Bylaws of Incorporation, to them shall seem advisable, all, or any DOT ton of the property, interests assets of