The border vidette., 1916-07-22


 all it's corporate business transacted.
 ARTICLE IT
 The capital stock of this corporation shall b, Two Million 'S2 OoO.OO) OOl DO lars. divided into Two Hundred Thousand coo OOO) rhares of the par value of Ten tSiOOO Dollars per The capital stock shall be pal l into the treas"ry of the corporati"n at snch time and under snch conditions the Board of Direct ors shall determine, either Tn cash by the se4Vces resdsred oT or Bg the Sf ny other values, right or thing for the uses and shares of stock shaii be issued and snch stock when issued shall be fully paid and forever to the value of any property. right or thing acquired or services rendered in exchange for the minutes of the corporation. shall in the absence of actual fraud. he conclusive.
 ARTICLE III
 The purposa for which this corporation IS formed and the general nature of the business tO-wit:
 To buy. own. build. erect. maintain. operate. smeters of every kind and to erect, maintain. operate, and own stamp mills and reduction works of every descrip;ion wha- oever for the Rinds and descr ption @ to arqnirs hoId plat into city and town lots. sell. lease. buy and work, operate. bny. soil, lease. locate. acquire, hold and deal in mines. mrtals. mineral and water power of every kind and description, to build, erect. maintain and keep in repair water dams across streams tO back water and to build. erect and mai intain. lease and sell. age of water; sell and supply water for all pur- poses of mini ing, agricniture or other purposes; to buy, bond, sell build. operate and conduct ferries tramways and O: her means of trans- portation of goods, merchnndse. timber. Ium- rials, incident and appeI t4ining to the business of the company; to maintain operate electric light and power plants for the purpose of fur nishIng and leasing electric and water power water rights and fumes for the purpose of mining and treating ore and redu,'i ore. and timNer goods and merchandise in connectIon with the business of the company; to own and timber. lumber and merchandise and to carry 5n Sn1 a1 se nd deal n st 2 So Dorations: to borrow money and execute notes the same by bond or otherwise on the property of the eomPsny a1d upon all contract rights same manner that natural person might or could do.
 To pnrcha SC. Iease bond. locate or otherwise acquire, own exchange. sell or otherwise dis pose of pledge. mortgage, hypothecate. and property. mines, mining claims. oil lands. nm eral lands. oil. gas. asphal um, petroleum, work, mine explore, operate and faTeiap the same; to do general II, real estate manufactur- control letters patent anl inventions and to n borrow % 's money % and % execute % bonds, mort, gages and deeds of trust to the same mortgage notes, shares of capital stock and other securities and obligatioDs. and any and al rights. powers and privileges of individual owners thereof including the right to vote extent R that natural person % % might I hit or % could do; and in general to do all things necessary to corporation in the Republic of Mexico or in the State of Arizona or elsewhere; also to lease other plants for the reduction of and to lease or own and to operate telephone and
 ARTICLE W
 The time of the commencement of this cor copy of these Articles of Incorporatlon in the office of the Arizona Corporation Com missiOn, County Recorder of santa Cruz county and tho termination thereof shall be twenty-five (25l years thereafter. with the right of renewal and perpetual succession as provided by law.
 ARTICLE
 The business affairs of thls corporation shall be conducted by Board of Directors consist ing of five or more members, each of whom, snail cease to be a stockhoider. he shall aisast the same time cease to be a director: They at their regular annual meeting. which shall be held at the office ot the company in Nogales. year. and ehai1 hold their office % until their snc cessors are elected and qualified. The first an, nual meeting of the stockholders shall be held on the last Monday of July. 1917. and until that and unified, the incorporators, whose names are hereby su ubscribed. shall constitute the Board of Directors of this corporation.
 ARTICLE VI
 The officers of this corporation shall be q President first and second Vice-Presidents. urer. and such other officers and agents the Board of Directors may determine, who shall election or appointment. as may be provided by the By laws, and they shall hold their office until heir successors are chosen and qualified. Until the first annual meeting of the stock holders, and until their successors are chosen and qualified, Edward c. Becker shall be Pre- sidPnt. Charles B. McCart, Vice-President and Manager, and Luther w. Adamson, Secretary and Treasurer
 ARTICLE VII
 The Board of Directors shall have power to prepare and adopt by-;aws for the government of the corporation. and may amend the same at any regular meeting of the board; and such By laws or any amendments thereto shall re- main in force until revoked by the stockh hold- at any regular meeting, or at special meeting called for that purpose. Any vacancy in the Board of Directors may be filled by the remaining members of the board by appoint ment from among the stockholders.
 ARTICLE VIII
 The highest amount of indebtedness or Iiab- iIity, eith' direct or cont 'ngent to which this corporation is at any time to subject itself. shall not exceed the amount of one-half of the ca pital stock; and the private property of the stockholders Of this corporation shall be for ever exempt from the payment of corporate debts
 IN WITNESS WHEREOF, we have hereunto set our Ina nds and seals this 9th day of July, A. D., l916- -
 EnWARD C. BECKER,
 CHAS B. MCCART,
 LUTHER w ADAMSON