The border vidette., 1912-09-14
OFFICERS:

1n fuIl the par value Of theIr shares, together with he accrued dividend, not cum muiatIve. before any amount shall be paid to the holders of the cOmmCn stock. The preferred may be convert ed into common stock at par for par and shall be subject to redemption at par at any time on thirty days previous notice to the holder of record thereof The preferred stock shall he entitled to the same voting power AS the common stock. All or any portion Of the stock may be issued in pay ment for real or personal property, services or any other right or thing of value, necessary for or incidental to the advancement Of the purposes of this corporation. and when so issued shall be full paid and non- asse' sable. In the absence of actual fraud, the jud ment of the directors as to the value of any property. right or thing, acquired in exchange for capital s6ock shal be coucIusive.
 ARTICLE ". The time of the com mencement of this corporation shall be ihe date upon which the Ar,zcna Cor pOration Commission shall issue to it Certificate of Incorporation. and it shall endure for the full term of twenty five years thereafter with the privilege of perpetual succession as provided by statute
 ARTiCLEV. The business affairs of this corporation shall be under the management ard control of board of directors consisting of not less than (3) nor more than nine (9) members, each of whom shall be a stockholder of this corporation Said directors shall be elected annually at the regular meeting of the stock olders of this corporation which shall be beld on the second Tuesday of February in each ear here- after. and they shall hold their offices until their successors are elected and qualified. Any vacancy in the board of directors may be filled by the remain ing mem bers of the board. by appoint ment from among the stock holders and such appointment shall be for the un- expired term for which the appoint ment is made. The board of directors shall have the power to adopt by laws and to amend and repeal the same. to define the duties of the officers. agents and clerks of this corporation and to make all rules and regulations deemed necessary and proper for the manage ment of the affairs and Of the business shall constitute the board of directors Of this corporation until their success sOrs are elected: Edward Warner, J. Emory Hoy and Frank W. Carter. The officers of this corporation shall be a President, Vice. President. Secretary and Treasurer, and such other officers as the board of directors may by re- solution direct The office of Secretary and Treasurer may be hel0 by the same person mi jrrity of the directors SlHtI COL- d quoFuiu TOT GHS GTdu- saction of b"siness at any of their meet ings. and said directors may hold their first meeting at any time after the com mencement of this corporation.
 ARTICLE VI The highest amount of indebtedness or liability to which this corporation may at any time subject itself is not more than Six hundred and fifty thousand dollars (S650, OO0)
 ARTICLE VII. The private property of the stock holders Of this corporation shall be forever free and exempt from it's corporate debts of every kind what SOeyer.
 ARTICLE VIII These Articles of h. corporation may be changed or amend ed at any regular meeting of the stock holders or any special meeting thereof called for that purpose. by q ma jority vote of the stock thon issued.
 IN WITNESS WHEREOF. we have hereunto set our hands and seals this sixth day of June, A. D 1912
 EDWARD B. WARNER, (SeaD
 EMORY Hoy. (SeaD
 FRANK w. CARTER. (Seal)