The border vidette., 1917-05-26


 pany, to remain or to be vested or l registered in the name of. or carried on | by; any other companies formed, or to l be formed, or as agents or nominees of | this company, or upon any other terms or conditions which the Board of Di- | rectors may consid CT for the benefit of | this company; and to manage the af- | fairs, take over and carry on the busi- 1 ness of such com Dany or companies SO | formed. or to be formed, either by | acquiring the shares, stocks or other i securities thereof. or otherwise. and to l 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. 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.
 A.. To buy. own. acquire, sell, lease and deal in all kinds of real and per- Sonal property
 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.
 each and every other thing necessary, expedient incide 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 's principal office and place Of business in the State of Arizona shall be at Nogs- les, Santa Cruz County and the cor poratIon 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 directors may be held and any business Of the corporation may be transacted.
 ARTICLE w
 The amount of the ca pital stock of this corporation shall be two hupd red thousand dollars (S200 900 OOl divided into two thousand (20OO) shares of the par value of one hund red dollars (SIOO.- 0o) 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 on-assess- able-
 ARTICLE VI
 The affairs of this corporation shall be conducted by Board of Directors con sisting of not less than five nor more than seven persons, who shall be stock holders of this corporation, and who shall be elected anually at the re- gular annual meeting of the stock holders of this corporation, in accord ance with the provisions Of the Bly, laws adopted by this corporation; 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 pro oVided by the Bylaws. the follow ing shall be and constitute the Board of Directors of this corporation: L. w. Mix, Louis Hudgin, I. Surgeon, E. 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, Tn 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 ,hall be the officers of the comp pany: President t.-.... IL. w. Mix. Vice. President ......E. Titcomb. Secretary and Treasurer Louis Hud9in.
 ARTICLE VII.
 The highest amount of indebted ness pr liability, direct or con tingent, to which this corporation is at any time o subject itself. shall not exceed two- thirds of it's capital stock"