The border vidette., 1920-03-27

sell or otherwise dispose Of, pledge, mortgage, hypothecate and deal in lands, water and water rights, and other property both real and personal, aud to wcrF, 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, 1attehing 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 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 moon 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 this organization shall be Three Hundred Thousand Dollars (S3OO, 900 oO( divided into Three Hundred Thousand Shares (3Oo Oo0l 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 rende ered 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 issued in payment nr in exchange therefor. sbalr 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 porstion or as to the value of any ser vices or labor rendered to or performed for the said corporation ina nexchange for capital stock shall be conclusive.
 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 ;=andsthe terminatien thereof shall be twenty five. {25) years thereaftert and the privilege of renewal e1'@ e,3 # '.NeNs 29 ". ;iys .C U,r-l
 The affairs of this corporation shall be- conducted, by H Board of Directors of not less. than five t5) members and not more than nine (9) mem bers, and such officers as the Board of Directors may elect or appoint. and the follow ing named shall q slconstitnte5tilb rbeard until theiF sis5S1s successors are elscten and FRANK J!tDUFFY . |.E'--13 DR. W. .:CHENoWBTHz
 DR. s. c. SHOCK C.
 E '5'i .t IF. C. CARON - l-s-
 i. A. BETEWY,T SR. - sjc-1
 q, A, ,BETTWY,lJ JR. : ,.:sF .--~-y Thereafter the Board of Directors shaIl be elected from among the stock holders of the company. at the annual meeting of the stock holders to be held op 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 oh arge of the corporate a fl airs .un til their success 1 sors have been elected and qualified are: F A. Bettwy, IT,, President.
 | l;Dr. w. F. Chenoweth, Vice President HI. c. Oaron, Secretary and Treasurer The directors shall have the power l to fl vacancy in their own, um bers arising from whatsoever cause to serve for. the unexpired term and until the successor director shall be duly elected I and qualified.
 The directors shall adopt code of | bylaws for the government of She 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 1 within the State of Arizona shall be fixed by the Board of Directors i'll. re-
 solution calling the same. Special meet
 ings of stockholders shall be held at
 said principal place of transacting busi
 pess of the corporation in the. City oi Nogales aforesaid.
 r. The president shall be member ol
 the Board of Directors.
 The highest amount of indebtedn nes:
 or lia bility to which the corporation If any time to subject itself is Two Hun
 dred Thousand Dollars ($2OO, ,OOO.OO } | The private property of the stock , holders of the corporation tshaR 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. ,.4.a.f -.G gal A. BETTwY,. JR. . s~.- -: H.. o. CARON ~.......- EsrArE OF ARIZONA :! - County of Santa Cruz ss, -:aij-:;'-'