The border vidette., 1920-03-20

or otherwise acqu uire, own, exchange, sell or otherwise dispose of, pledge, mortgage, hypothecate and deal in lands, water and water rights, and other property both real and personal, end to work, explore, operate and de velope the same, and to deal in the by products thereof; to purchase, lease or otherwise acquire, erect, own, operate and sell butcher shops, silos, brood stalls, fsttening pens, serum plants, laboratories, power plants for water light, feeding etc., corn bins, feed hoppers, general sheds and corrals, fences. reservoirs, cold storage, refrig- orators. wells. houses, barns, and all i'm plements necessary pertaining there to; to own, issue, reissue, hold and deal Tn shares and certificates of stock of or In 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 as agent or trustee and to borrow and loan money. and in general to d o and perform such acts and things, and transact such business not incon. sisteDt 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 ($30O 900 OO) divided into Three Hundred Thousand Shares (300 000l at the par Value Of one dollar each. The said capital stock shall be issued acd shall be paid in such am- ouDts and at sCch 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 ar in exchange therefor. shall there upon and thereby become and be aLd shall remain fully paid up to the same effect as though paid in cash at par, and shall be and remain forever non-asscss- able, and the jud dgement 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 Tor the said corporation in exchange for capital stock shall be conclusive.
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 The time of the commencement Of this corporation shall be the date upon which a certificate oi 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 Board of Directors of not less than five (5) members, and not more than niue (9) mem bers, and such officers as the Board of Directors may elect or appoint. and the follow ing named shalt constitute the board until their successors are elected and have qualified:
 FRANK J. DUFFY
 DR. W. Y CHENOWETH
 DR. s. c. SHOCK
 H. C. CARON
 A. BETTWY, SIR.
 A BETTWY, JR. Thereafter the bard of Directors shall be elected from among the~stock- holders of the company. at the annual meeting Qf the stock hold CTS to b3 held on the 28th 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, Jr., President. Dr. W. F Cbenoweth, Vice President H. c. Caron, Secretary and Treasurer The directors shall have the power l to fill vacancy in their own mum bers arising from whatsoever cause to serve I for the unexpired term and until the successor director shall be duly elected i and qualified.
 The directors shall adopt code of l by laws for the govern ment Of the cor poration. and from time to time may 1 alter. amend or repeal the same, or any l provision thereof The time of hold 1 ing special meetings of stockholders | within the State of Arizona shall be fixed by the Board of Directors i'll re- solution calling the same. Special meet ings of stock holders shall be held at said principal place of transacting busi ness of the corporation in the City ol | Nogales aforesaid.
 The president shall be a member ol the Board of Directors.
 VI
 The highest amount of indebtedness: or lia biIity to which the corporation II 1 any time to subject itself is Two Hun dred Thousand Dollars ($200. 100000
 The private property of the stock holders of the corporation shall be for ever exempt from corporate debts O any kind whatsoever
 In Witness Whereof, we bave' here unto set our hands and seals this Is day of March, 1920.
 A. BETTWY, JR.
 H, 0. CARON
 STATE OF ARIZONA L.
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