The border vidette., 1917-05-05

registered in the name of. or carried on by; any other companies formed, or to be formed, or as agents or nominees of this com pany, or upon any other terms or conditions which the Board of Di- rectors may consider for the benefit of this company; and to manage the af- fairs, take over and carry on the busi- ness Of such com Dany or companies SO formed, or to be formed, either by acq turing the shares, stocks or other securities thereof. or otherwise. and to exercise all or any of the powers of holders of shares of stock or securities thereof. and to receive and distribute the dividends and interest on such shares. stocks, or securities.
 3 To issue debentures, bonds. notes and other obligations, and to deal in the same. and to buy. sell and deal in shares of it's own capital stock.
 4. To buy. own. acquire, sell, lease and deal in all kinds of real and per- sonal property.
 5. To issue bonds to any amount authorized by law, and to secure the same by mortgage or deed of trust, and the directors and officers of the company are authorized to make and issue said bonds and said mortgages or deeds of trust
 G.. And generally, to d O and perform each and every other thing necessary, eXpedient, incid ent or convenient to the conducting of the business afore- said. as well as of all other classes and kinds of business whatsoever not in conflict with the laws Of the United States. or of the State of Arizona. and either within or without the State of Arizona, the United States of America, or any foreign country.
 ARTICLE III.
 The location of said corporation's g principal office and place of business in the State of Arizona shall be at Nopa- Snnfn nd he poratlon may have other offices, prin- cipal and branch, at such other place or places, either within or without the State of Arizona, as may be esta blish- ed by the Board of Directors. at which offices meetings of stockhold and directors may be held and any business Of the corporation may be transacted.
 ARTICLE ".
 The amount of the capital stock of this corporation shall be two hundred thousand dollars (S20O GOO O0J divided into two thousand (2000l shares of the par value of one bund red dollars (S1OO.- 00) each; said stock shall be paid in by the respective subscribers to the same, at the time of the issuing to them of certificates of stock therefor; and said shares of stock. when SO issued and paid for shall be forever non- assess able.
 ARTICLE VT
 The affairs of this corporation shall be conducted by a Board of Directors consisting of mt less than five nor more than seven persons, who shall be stock holders of this corporation, and who shall be elected annually at the re- gular annual meeting of the stock holders of this corporation, in accord ance with the provisions of the By laws adopted by this corporations; the powers of the Board of Directors and of all officers of this corporation shall be defined by the Bylaws.
 Pending the election of directors, as provided by the Bylaws. the follow ing shall be and constitute the Board of Directors of this corporations: l.. w. Mix, Louis Hudgin, I. Surgeon, E. TitcOmb, and E. A. TitcOmb
 The officers of this corporation shall be President, Vice-Presid ent, Secre- tsry and Treasurer. who shall be elect ed annually by the Board of Directors, in accordance with the provisions of the Bylaws The office of Secretary and Treasurer may be held by the same person. Until the next annual meeting of the Board of Directors. in accord ance with the Bylaws. the following shall be the officers of the company: President. ..-.-..... IL. w. Mix. Vice. Presid ent. t............E E. Titcomb. Secretary and Treasurer Louis Hudgin.
 ARTICLE VII.
 The highest amount of indebted ness or liability. dirert or con tinRent, to which this corporation is at any time to subject itself. shall not exceed tWo- thirds of it's capital stock"