The border vidette., 1916-08-26

services rendered by the transfer of any purposes of the corporation. in exchange shares of stock shali be issued and such stock non -assessabIe. The judgment of the directors as to the vaiue of any pE"psTty right OF thing ,1, the shares of capital stock when enteFed s .p on absence of actual fraud, be conclusive.
 ARTICLE III
 The purpose for which this corporation formed and the general nature of the business P5"Ri to.Pit seq to DC ''A7''e' 'S It, Is as ioi'0"S sme.ters of every kind aai to erect, maintain. operate, and own etamp mills and reduction purpose of sineIting and treating ores of all t & ana & o nts se se buv nd mortgage real estate and null property; to hold and deal in mines. metals. mineral and placer claims, mining and water lo"ations and build, erect. maintain and kerp in repair water dams across streams so as to back water and to bn'ld. erect and maintain, lease and sell, the water p Inds and other places for the stor- poses of mining, asricnlture or other purposes; to buy, bond, sell, build operate and conduct portation of goods, merchandise, timber. lum- Der. ore. mining machinery and other mate M E.,bt @ and nower Dinnts for he Burmese of fnro nishIng and leasing electric and water power for all purposes; tO acquire lease and operate mining and treating ore and reduoin ore, and operating mach nery, transporting lumber; i; with the business of the company; to and manage and flour mills: to buy and sell timber lumber and merchandise and to carry on and do a general mercantile business; to buy own sell and deal in stock of other cor porations; to borrow money md execute notes other evidences of indebtedness and secure of the company and upon all contract rights of the company and to the same extent and the coz os;i Id do, ',- ~ nynha nr nfb bar TTEOd d 9eai Ii in re, estate and aI kg2s of nersonai property, mlnes, mining claims, oil lands mIn- eral lands, oil, gas, asphal um' petroleum, work mine explore operate and aeveiap the same; to do a general real estate manu factur- control letters patent ani inventions and shares of capital stock of other corporations; gages and deeds If trust to secure the same mortgage notes, shares of capital stock and other securities and publications, and any and awneEs tibeereof inciud;ne the right to vote upon any share of stock held by It to the same do; and in general to do all things necessary to the, proper conduct of the business of this the State of Arizona or elsewhere; also to lease of own aRd fe b or of an 96 % lease or own and to operate telephone and telegraph ineS' ARTICLE W
 The time of the commence rent of this cor po.aten shall be the d date of the Hing of fla office of the Arizona CorporatIon Com mission, of ruz oonnty and the termination thereof shall be twenty-five (25N years thereafter, with the right of renewal and perpetual succession provided by law.
 ARTICLE
 The business affairs of th1s corporation shall ing of five more members, each of whom shall be a stockh older, and whenever director the same time cease to be q director; They at air annual meeting, which shall be held at the office ot the company in Nogales. year and shall hold their office until their sue cessors are elected and qualified. The first on the last Monday of July, 1917. and until that time, and until their successors are elected and qualih fled, the lncorporat0rs, whose names hereby subscribed, shall constitute the Board of Directors of this corporation.
 ARTICLE VI
 The officers of this corporation shall be President. first and second Vice-Presidents, urer, and such other officers and agents as 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 the first annual meeting of the etock- a0d a9aed @ EdwaTd c. ecer sRaI be Pre sident, Charles B. McCart, Vlce-Presldent and Manager, and Luther w. Adamson, Secretary
 ARTICLE VII
 The Board of Directors shall have power to prepare and adopt by avs for the government of the corporation. and may amend the same at By,laws or any amendments thereto shall re- main in force until revoked by the stockhOld- at any regular meeting, or at a 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 liab- ility, either 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 hands and seals this 9th day of July, A. D.. 19l6- .
 CHAS. B. MCCART,
 LUTHER w. ADAMSON