The border vidette., 1912-02-17

other corporations, and the bonds debcntnres, bills. promissnry notes. Inor.gagra ana pledges or or hf 9F any other partnership To locate, buy hold. own. Iessr. possess, ope- rate. or sell, hypothecate otherwise dis of oil wrlls. oil lands, mineral lanns ani pros poets of gold, silver and other precious metals. copper. lead and all other kinds of mineral lands and properties, petroleum, mineral gas rdcE and "phe m fpa t'n9 D. stances and the P oduct- If aiI such sub power; to build cons ruct, Ow |. hold operate wise dispose Of telephones anh telephone limos and sl stems and telegraph lines End systems, and all parts applisnces ami in -trum"nts used To borrow money, ant to issne it's notes, to secure the same and genera ly 70 c" and per sary or exncdient to carry ont tho purposes of this corIaratlOn-
 The amount of capital stock of this corpora- tion shall be Two Million fE2 600 oo0l Dollars. divided into Two Hnn fred Thou usand (20O,O00) Shares of the par value 9t Ten .$I0J Dollars each. Su scriptions to he apital stock may stocks. securities Ot her property to the corp rectors shall determine; Rn1 in the a,'sence of actual fTaud many snch tra sactio the action shares of the capital stock when i.sued. shall be fIily paid and non-as sessabI- The capital affirmative vote of Il msjoriiy of the stock hut in of the increase of th.. pitAi stock each ecribiDg for such number "f the increased shares @ as he may he entit!en t" tr proportion tp such increase.
 VI.
 The highest amount of in 'ebte'lness lia biity. either direct contingent, to whic1 this corporatIon is at any tim. -Tbj ct itself, capital stock. and the tocs iio ders of this poration and their private property shall be forever exempt from the payment of its cor porate debts. The business affairs Of this corporation shall be conducted by Board of Directors consist
  snll be eiiglbl as director unless he is such year shall be elected by tine stockholiesr at their regular annnal meeting which shall be Arizona, the first Tue day after the first sha ho %f their oye 3h nt aa tnf elected elt1 and p qualified. Any yg anGy in the maining members of the Board by appoint nent % from among the stockholcers, and ma tmte 2 quorum for the trans action of business. The first Board of D,rectorE shall be J. ". Ke sey. and W. D. Murray. ard they shall hold the n she eP elected and qualified
 ithfn fifteen days rfser tho election of any Board of D rectors. thy shall meet ct any of officers of this corporation who shall be a President. Vice Presidemr, Secretary and Trea- Board of Directors Iusy from time to time eRe corpo atan The he Pre9ent s Sseresary and Treasurer shall be members of the Board of O1FecIOfS. any OtilrGS may pc nSRl Dy t..e same person- All officers shall hold their office during tine life of the Board of Directors by whom they elected anI until h cir cessors are elected and qualified m ess sooner removed in the mapneE provided by law
 These Articles of Incorporation nnays be alt cred or amended at any IeguIar meeting of stock holders or at any tpecIal meeting c flied for thst purpose by the affirmative vote of a majority of the stock, aud the Board of Dr. rcctors three stocthnlders may call a meeting of the stockho'ders for this or any other purpose not inconsistent with law. but notice of such proposed arnendment shall be given to each Rtockholder either personally or by letter deposited in the postotfice directed to the stockholder t his last known place of residence at least twenty days prior to the meeting at winch such amendment IS to be voted upon.
 unto set hands and seals this fifth day of Januaty, A, D., 1912.
 J. W. BIBLE,
 r. l. LOWE.
 w. F. CHENOWETH,
 II. w. KELSEY.