The daily morning oasis. [volume] (Nogales, Ariz.) 1917-1920, 1920-08-14
PAGE THREE
W. E. Harms,
A. Larioz. and
w. H. Florentine.

Said board OF directors snail meet
as soon as convenient after incorp-
oratioo. and shall fill any vacancies
in the hoard of directors The Board
of Directors shall have the right and
mower to increas, the number of
directors up to fifteen (15) at anv
time md to anpoint or elect such
additional directors to serve until the
next annual stockholders meeting.
The officers of the corporation
shall Gnsist of President. Vice-
Presid mt Secretary and Treasurer.
and sl,"h other officers as the Board
IF Directors shall deem expedient.
anG all shall be elected or appointed
by the Board of Directors. With TIE
exception of the first officers. who
shall h,a selected at the first meeting
IF the BOARD of Directors to serve nm
ri +Ie first annual Meeting of the
stockholders and until their successors
owe elected and qualified, the officers
of the corporation shall be elected by
TIE Board of Directors. from their
own body, or from the stockholders
IF the cornoration. at the first reg
ular meeting of the directors sue
ceedino each annual election Of \di-
rectors by the stockholders.
Any two or more offices, the
duties Of the incumbent of which are
not inconsistent. may be held by the
same person. Both the officers and
directors shall hold their offices for
the pc: iod of one year from and aft
er Their election and qualification and
until their successors are elected and
qualified. unless removed by the
board. The directors shall have the
right 10 fill any vacancy occurring IN
the Board b. death, resignation or
otherwise, fra ding the right to fill
such places as may be created by an
increase in the number of the board,
and the person or persons elected to
fill anv such vacancy or vacancies,
created through increasing the num-
Der of the Board, shall hold his of
flee until the next regular meeting
of stockholders.
ARTICLE VIII.
The regular annual meeting of the
stockht lders shall be held at the
principal office of the company on
the second Monday in August of each
year, commencing with the year 1920.
ARTICLE TX.
The Board of Directors shall have
the power to make and alter the by
laws of the corporation; to fix the
amcun; to be reserved as working
capital, and to authorize and cause to
be exe,uted mortgages, debentules
and other obligations which shall be
liens uron the property and franchises
of the corporation, and, in general
to exc, rise all the powers and au-
thorlty of the company not express
ly withheld from said Board by law,
or by hese articles of incorporation,
or by the affirmative action of the
stockholders.
ARTICLE X.
The STOCKHOLDERS ard members OF
this corporation and their private
property shall be exempt from aoy
liability for the debts of this corp
orator.
ARTICLE XI.
With the consent of the holders OF
two-thirds (2-3) in amount of the
capital stock of this company, issued
and outstanding when evidenced in
WRITING or with the consent Of
maioritys in amount of the capital
stock Of the corporation, issued and
outstar ling, when expressed by a
resolution adopted at meeting OF
the sto -kholders of the company duly
called and held pursuant to the by
laws, the directors shall have au-
thority to sell or otherwise dispose
of in "uch manner as may be au-
thorized, the entire property and fs-
sets of the corporation.
ARTICLE XII.
The indebtedness of this company
shall ut no time exceed the sum OF
Sixty-five Thousand ($65,OO0.0O)
Dollars.
ARTICLE XIII.
Duane Bird, of Nogales, Santa
Cruz County, Arizona, who has been
bona fide resident of the State of
Arizona for at least three (3) years,
is hereby appointed the lawful agent
of this corporation for and in behalf
of it, to accept and acknowledge
service and upon whom may be
served all necessary process in any
action, suit or proceeding that may
be held or brought against this corp
grafton in any of the Courts of the
State of Arizona, and for all purposes
required by law.
IN WITNESS WHEREOF we have
iereunto set our hands this 29th dav
of July. A. D. 1920.
W. H. FLORENTINE
J. A. HARRISON.
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