The border vidette., 1920-03-13

10; Lo oWnt issue, reissue, hold and deal | m shares and certificates of stock of or | Tn other corporations; to issue bonds, notes and other evidences of indebted ness and to secure the payment of same | by mortgage, deed of trust or other- wise; to act Hs agent or trustee and to borrow and loan money, and in general to do and perform such acts and things, and transact such business not incnn- sistent with law in any part of the world as the Board Of Directors may deem to the advantage of the corpora ton.
 The authorized capital stock of .his organization shall be Three Hundred Thousand Dollars $500 900 OO) divided | into Three Hundred Thousand Shares (300. 000) at the par value of one dollar each The said capital stock shall be issued and shall be paid in such am- | ouDts and at such times as the Board of Directors of this corporation may, | by resolution, direct and designate, and | the same may be issued for and paid in either in real or personal property, conveyed to the said corporation, or | for services or labor rendered to or | performed for the said corporation, or | for leases. contracts, options to pur- chase. or any other valuable right or thing for the uses and purposes of the said corporation, and all shares of the capital stock when iRsued io payment | or in exchange therefor. shall there- upon and thereby become and be and shall remain fully paid up to the same | effect as though paid in cash at par, and shall be and remain forever non-assess- able, and the judgement of the direct Ors as to the value of any property, right or thing acquired by the said cor | poration or as to the value of any ser vices or labor rendered to or performed | for the said corporation in exchange for capital stock shall be conclusive. W
 The time of the commencement of | this corporation shall be the date upon which a certificate of incorporation shall be delivered to said corporation by the Corporation Commission of the State of Arizona; and the termination thereof shall be twenty five (25) years | thereafter. and the privilege of renewal as provided by law.
 The affairs of this corporation shall | be conducted by a Board of Directors | of not less than five (5) members, and l not more than niue (9) mem bers, and such officers as the Board of Directors 1 may elect or appoint. and the follow ing named shall constitute the board until their successors are elected and have qualified:
 FRANK J. DUFFY DR. WIZ CHENOWETH DR. s. c. SHOCK H. c. CARON
 A. BETTWY, SIR. A. BETTWY, JR. Thereafter the Board of Directors shall be elected from among the stock holders of the company. at the annual | meeting of the stock holders to be held on the 18th day of February of each year, or upon the following day when | this date falls upon Sunday. The names | of the officers who shall have charge of | the corporate affairs until their success sors have been elected and qualified are: | A. Bettwy, IT,, President. Dr. w. Chenoweth, Vice President | H. c. Caron, Secretary and Treasurer The directors shall have the power 1, to fill vacancy In their own numbers arising from whatsoever cause to serve | for the unexpired term and until the | successor director shall be duly elected | and qualified.
 The directors shall adopt a code of | ylaws for the government of the cor | poration. and from time to time may | alter. amend or repeal the same, or any
 provision thereof. The time of hold ing special meetings of stockholders
 within the State of Arizona shall be | fixed by the Board of Directors in re-
 solution calling the same. Special meet
 ings of stock holders shall be held at
 said principal place of transscting buei-
 Dess of the corporation in the City of | Nogales aforesaid.
 The president shall be a member of
 the Board of Directors.
 VI
 The highest amount of indebtedness or liability to which the corporation is
 any time to subject itself Is Two Hun
 dred Thousand Dollars ($2O0. .0OO.O0.)
 VII
 The private property of the stock
 holders of the corporation shall be for
 ever exempt from corporate debts of
 any kind whatsoever
 In Witness Whereof, we have here-
 unto set our hands and seals this 1et
 day of March, 1920.
 A. BETTWY, JR.
 H. O. CARON
 STATE OF ARIZONA
 | Countv of Santa Cruz ( DO