The border vidette., 1912-02-10

To construct, own, maintain and operate nd fo genernte eiectrctS obtain rhts of way. erect poles. Stiing wires and furnish ror;ltions for light,ng power purposes or for other legitimate purpose: to build, const' uct, systems and telegraph lines and systems. and all parts. appliances and instruments used in connection herewith; to engage in the cattle husiness and to buy. own: contract for. feed, sell or ct therwlse dispose or ana handle. cattle, horses and sheep or other animals or thelr pr ducts: .os b ,nds. mortgages and other evidences of debt to secure the same and geneI ally to do and perform all matter and things which are law ful and necessary or expedient to carry out the purposes of this corporation.
 The amount of the c"pital stock of this cor DO ation shall be one hundred thousand dollars (S1O0.OOJ) divided into one hundred thousand Subscriptions to the ,pital stock may be paid securities or other property to t'e corporation or by services rendered or to be rendered. or in such other manner as the Board of Directors shall determine; and in the absence of actual fraud in any such transaction. the action Of the of tbe Capital stock When issued shail be fully paid and non-assessable. The capital stock ative vo.. of majority of the stock. but in case of the increase of the capital stock each Scribing for such number of the increased shares number of shares held by him prior to such increase.
 The highest amount of indebtedness or liab- ility. either dir ct or contingent. tn which this eorporati9n is at any time t. hp ''eet itse Saai stock. and the private property Of the stock exempt from the payment of corporate debts and liabilities.
 VII
 Tine business affairs Of this corporation shall be conducted by a Board of Directors consisting stockho' der of the corporaton and no person shall be eligible as director unless he is such year shall be elected by the stockholders at their regular annual meeting which shall be Ari ona on the second Tuesday Of January ff each year, and they shall hold their office until their successors elected and qualified The incorporatorS whose names are hereto sub Directors and they shall continue to const tute the Board of Directors until the first annual unless sooner removed by death. resignation or otherwise Any vacancy in the Board of D1- rectorS shall be filled by the remaining mem barS of the Board by appointment from among the stockholders and a majority of the direct SactiOn of business.
 Within fifteen days after the election Of any
 Board of Directors. they shall meet at any of the offices of the company and elect the officers of Presid-nt. Secretary and Treasurer and such other officers or agents as the Board Of Direct may from time to time consider necessary ! l., transact the business of the corporation be members of the Board of Directors. and any two offices may be filled by the same person. life of the Board of Directors by wh they are elected and until their successors are eIe-ted and qualified unless sooner removed in the manner provided by law.
 TX.
 These Articles of Incorpora ion may be amended regular meeting Of the stock holders special meeting called for that purpose by the affirmative vote of a ma jority of the stock, and the Boa d of Directors or any three stockholders may call Il meeting ot the StockholdS for this any other purpose not inconsistent with law. but notice of such proposed amendment shall be given. to each Stockholder either personally or by letter de- posted in the postOffice directed to the stock holder his last known place of residence at least twenty days prior to the meeting at which such amendment is to be voted upOn IN WITNESS WHEREOF. we have here unto set our hands and seals this seventeenth day of January. A D. 19l2.
 PAUL s. SPR ECHER. (Seal) E. F. THOMAS. (>eaD MANUEL A MORENO. (Seal,