The border vidette., 1912-09-28
OFFICERS:

 togeiher with the accrued dividend, not cumulative. before any amount shall be pald to the holders of the common stock. The preferred may be convert ed into common stock at par for par and shall be subject to redeem ption at , par at any time on thirty days previous notice to the holder of record thereof The preferred stock shall be entitled to the same voting power as the common stock. All or any portion of the stock may be issued in payment 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 compensation. aud when SD issued shall be full paid and pon- assessable In the absence of actual fraud. the judgm of the directorr as to the value Of any property. right or thing, acquired in exchange for capital sGock. shall he conclusive
 ARTICLE W. The time of the com mencement of this corporation shall be the date upon which the ArIzcna Cor poration Com mission shall issue to it d 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 and control of board of 1 directors consisting of not less than (3)
 
 | of whom shall be a stockholder of this corporation Said directors shall be elected annually at the regular meeting i of the stock r. olders of this corporation , which shall be held on the second | Tuesday of February in each year here after, and they shall hold their office until their successors are elected and ! qualified. Any vacancy in the board of directors may be filled by the remain i ing mem bers of the board. by appoint | l.. l. l. z1c xl such appoin tment shall be for the un- i 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 1 necessary and proper for the manage mept of the affairs and of the business of this corporation. The following shall constitute the board of directors Of this corporation until their success sors are elected: Edward Warner, T. Emory Hoy and Frank W. Carter. The officers of this corporation shall be President. Vice. President, Secretary and Treasurer, aud such other officers as the board of directors may by re- solution direct The office of Secretary and Treasurer may be heln by the same person. A majority of the directors shall constitute quorum for the tran , SaCblOQ or D'SlnoSS dG any or Ga0lF meet ings, and said directors may hold their , first meeting at any time after the com mencement of this corporation.
 ARTICLEW The highest amount oi indebted ness or liability to which this corporation may at any time subject itself Is not more than Six hundred and fifty thousand dollars (S650. 900 ARTICLE VII. The private property of the stock holders Of this corporation , shall be forever free and exemp pt from its corporate debts of every kind what ; soeyer.
 ARTICLE VIII These Articles of In corporation may be changed or amend ed at any regular meeting of the stock holders or any special meeting thereo called for that purpose. by a ma ority vote Of the stock thon issued.
 IN WITNESS WHEREOF. we have i hereunto set our hands and seals this sixth day of June, A. D 1912
 EDWARD B. WARNER, (SeaD , J EMORY Hoy. (SeaD FRANK w. CARTER, (Seap