The border vidette., 1919-05-17

ing boring and sinking wells and shafts to produce, convey and transport oil, petroleum and gas; to carry on the business of storing and prospecting for, mining. producing, refining, manufac- tnrIng storing. piping, transporting, buying and selling petroleum and other oil prNcucts and by prod ucts thereof; to buy. sell, furnish and supply the same; to operate, build, construct, pump. operate and maintain oil and gas wellsS t build, cnnsirnct. purchase, maintain and operate warehouses, pumping plants. pipe lines and refineries, fac tories and mills, work houses, laborat- Ories and dwelling houses Tor work men and others; to manufacture. buy. sell and generally deal in all Of the ap- pliances and conveniences necessary to the business of mining, prod ucing. re- fiuing. manufactu ring. storing. piping, \ transporting. buying and selling petro- leum and other oil products and by prod nets thereof; to enter into and carry out contracts of every kind per- taining to it's business; to acquire, use. sell and rant licenses under patented rights; and to purchase or otherwise acquire, hold. sell. assign and transfer shares of capital stock and bonds or other evid fences of indebtedness of cor ,soratio IS and to exercise all the priv ileges of ownership including voting upon the stock so held And in general to do and perform such acts and things and transact such business necessary to further the obi scts for which this cor poration is organized.
 ARTICLE 4.
 The authorized amount of capital stock of thIs corporation shall be Five Hund red Thousand DolIa rs (S5OO. 900 O0) divided into Five Hundred Thousand (5O0 0Oo) shares of the par value of One Dollar (Sl 00l each. The amount of said capital stock shall be paid into the <Nff hi. ion, ..f keay- cash or by the sale and transfer to it Of real or personal property. contracts, services or any other valuable things for the use and purposes of the corpor- ation. in pay rhent for which shares of the capital stock Of the corporation may be issued and the capital stock SO issued shall thereupon and thereby be- come and be fully paid up and non assesslbie, and in the absence of actual fraud in the transaction the judgment of the Beard of Directors as to the value Of property, contracts or services SO purch ased or rendered shall be con- clIIsive
 ARTICLE g.
 The time of the commencement of this corporation shall be at the date of :he issuance to it by the Arizona Cor poration Commission of certificate of incorporation and the corporation shall endure for period of twenty five (25) years thereafter. with the privilege of renewal, as provided by law.
 ARTICLE 6.
 The affairs Of this corporation shall ne conducted by q Board of Directors to consist of not less than three nor m ore than nine directors, who shall be elected by the stock holders on the first Monday of June of each year at two o'clock D. m. (2:00 p m.) and until such directors are chosen or elected the fol- lowing corporators shah constitute the Tl ot-1 fNfn <Nfc
 J. M. Paredes, whose reside ence and post office address is Nogsles. Arizona.
 Wirt G. Bowman whose residence and post office address is NoRales, Arizona.
 Arthur Gouzalez. whose residence and rOst office address is New York, NeW
 I. F. Polin, whose residence and post office address is Nogales. A rizona. Arturo OubiiIas Jr., whose resid ence and post office address is Nogales, Ari- Zona.
 Cipriano Alvarez, whose residence and post office address is Nogales, Arizona.
 The Board of Directors shall choose from their number President, one or. more Vice Presidents. Secretary Treas urer and General Manager. ARTICLE z.
 The Boatd of Directors shall have power to adopt aud amend by laws for the government of the corporation and to fill vacancies occurring in the Board of Directors from any cause. ARTICLE s. The highest amount of indebted ness. direct or contingent to which this cor poration shall be subject at any time shall be Three Hundred and Twenty Five Thousand Dollars (S325, 900. 00) ARTICLE c.
 Private property of the stockholders of this corporation shall be exempt from all corporate debts of any kind whatsoever.
 In Witness Whereof. we have here unto set our hands this 6tb day of May, A. D., 1919.
 J. M. PAREDES WIRT G BOWMAN ARTHUR GONZALEZ J. P. POLlN