The border vidette., 1919-08-02

other corporations, and this corpora | tion may purchase, and retire it's own stock. and may borrow and loan money l execute notes and bonds, and lease, | sell, mortgage and hvpothecate any or | all of it's property, and may do and | perform all other deeds, acts and things incident or convenient to it's general business; to engage in the said busi- ness, including all of the matters men | toned in thls article, in the state of Arizona, or in any other State or Ter ritory Of the United States and in for eign countries. i
 ARTICLE B.
 The authorized amount of the capital stock of this corporation shall be five hundred thousand ($500, 900 00) dollars, divided into five hund red thousand $500 O0O) shares of the par value of one dollar t$I co: each The amount of said capital stock shall be paid into the treasury Of this corporation at such times as the Board of Directors shall direct, either in cash or by the sale and transfer to the corporation of real or personal property. contracts, services or any ot..er valuable things for the use and benefits of the corporation, in payment for which shares of the cap ital stock so issued shall thereupon and thereby become and be fully paid and non -assessable; and in the absence of actual fraud tho judgment of the board of directors as to the value of the property. contracts or services so pur- chased, or rend cred shall be conclusive.
 ARTICLE 6.
 The time Of commencement Of this corporation shall be at the date of the issuance to 1t by the Arizona Corpora tion Commission of a certificate of in- corporation and the corporation shall endure for a period of twenty five years (25) thereafter, with the privilege of renewal, as prOvid ed-by law.
 ARTICLE
 The affairs Of this corporation shall be cond ucted by Board of Directors to consist of not less than five nor more than nlne directors, ho shall be elect ed by the stock holders on the first Monday of June of each year at two directors herein provided for, W ho shall hold their offices until their successors are elected and qualified
 F. Van Mourick. Phil Hero!d, Chas. G. Taylor, R c Howell, c. $. Dam mann, E. M. Mather, Antonio David and w. w. Barbee shall constitute the first board Of directors Of this corporation. ARTICLE 8.
 The officers of this corporation shall be President, First Vice. President, Second Vice. President. Secretary and Treasurer. who shall, except the first. Such officers may or may not be mem bers of the Board of Directors. Addi- tional offices may be created by the Board of Directors and when so created shall be filled and vacancies therein supplied by the board of directors. The following shall constitute the first officers of the corporation: E Van Mourick, President: R. c. Howell, First Vice-President; c. S. Dammann, Second Vice. President; Chas G. Taylor, Secretary; Phil Herold Treasurer.
 By laws for this corporation shall be | adopted and may be amended or revised | by the board of directors until or un- less otherwise provided by 8 resolution | of the stock holders.
 ARTICLE 10. The highest amount of indebted ness, direct or contingent, to which this cor. poration shall be subject at any time shall be three hund red and twenty five
 thousand (s325, ,OO0 OO) dollars. ARTICLE II. Leslie c. Hardy of Nogales, Santa Cruz County, Arizona, who has been 8 | bona fide reside dent of the State of Ari- zons for at least three years. is hereby | appointed the lawful agent of thIs cor pOration, for and in behalf of this cor | poration, to accept and acknowled ge | service and upon whom may be served
 all necessary process or processes in | any action, suit or proceedings that | may be brought against this corpora | ton in any of the courts of the State of Arizona, and for all purposes required | by law. The Board of Directors of this | corporation may revoke this appoint
 ment of agent at any time and shall | have power to fill any vacancy in such position. 1 ARTICLE 12
 | Private property of the stock old CTS of this corporation shall be forever
 exempt from all corporate debts of any | kind whatsoever.
 In Witness Whereof, we have here
 unto set our hands this 14th day of
 June, A. D., 1919.
 F. VANMOURICK PHIL HEROLD CHAS G TAYLOR R. c. HOWELL ANTONIO DAVID w. w. BARBEE E. M. MATTER | STATE OF ARIZONA County of Santa Cruz
 This instrument was acknowledged
 before me & Notary Public in and for | the County of Santa Cruz, State of Ari-
 zona, by F VanMourick, Phil Herold. Chas. G. Taylor, R c. Howell, c. s. | Dammann, W. w. Barbee, E. M. Mather | and Antonio David, known to me to be l the persons whose names are subscrib- | ed thereto and who acknowledged that l they executed such instrument for the purpose and consideration therein ex- | Dressed