The border vidette., 1922-03-25

g, except the directors, shall be by the | Board of Directors elected or appointed at lis first or any subsequent meeting next after the election of such direct ors, and all such elected appointed officers shall hold the office 10 which appointed or elected until the first meet i ing of tine next newly elected Board of 1 Directors, and until their successors shall have boen cleo ed CT appoIn ted and he qualified. unless, as hereinafter provided. sooner removed from office
 Any officer elected or appointed by ! the Board of Directors, and any subor- i dinate officer CT employee, may be re- moved al will by an affirmative vote of m sj Jrity of the full membership of the Board of Directors. and vacancies from such cause be fled in the same manner and hy tte same authority as such removed officers shall have been elected or appointed originally. 1 Any vacancy or vacancies occurring 1 and ex;stiDg in the Board of Directors from any cause at any time shall be 1 hlIcd ny a maj 1ritv vote of the re- l 1n@!uder of the Board of Directors, and all persons elected or appointed to i'll any vacancy in office shall hold such office for the unexpired term thereof. and until bis successor shall have been duly elected or appOinte led and qualified, unless. hS herein provided, he shall sooner be removed therefrOnl ARTICLE VII
 The annual meetings of tho stocl. = hold CTS of this corporation shall be held at the office of the corporation in the city of NoG4les, Santa Crnz County. Arizona, on the first Monday in March 0f each year, beginning with the year 1923; unless such day shall fall on d legal holiday, in which event such meeting shall be or the uext secular day. At such annual meetings among other things. a Board of Directors for the next ensuing yoar shall be elected; :; provided however, fl such annual meet ing be net regularly held at the time provided, then and in such event. or in any event. special meeting. of the stock oiders may be held at other times for such q -ctioU. at which special meeting all business which night or could have been legally transacted at regular annual meeting Of stock 0lder5 may be tran usacteG at such special meet ing. and sue business SO transacted, at any such special rn neeting, shall be of and possess The same force and fleet is if duly transacted at a regular an nunl meeting Of stock h Oli CTS.
 ARTICLE VIII
 Until the first annual meeting of the stock holders. and until their successors shall have been- uly elected and quai- flied, the following named persons are constituted the Board of Directors, to- wit: V. P. Frizzell II. L. Miller and R. l. Fr;zzell; and the following named persons shall constitute the officers, to- vii: V. F. FriZzell, president; II l. Miller, vice. president, and R. L. Friz- Zeil, secretary and treasurer. I'm ediately, or aS soon thereafter as practicable. upon the fil'rg of certified copy of these Articles of Incorporation in the office 1f the County Recorder of Santa Cruz, the persons herein named and chosen as directors shal meet and organize as the Board of Directors of this corporation. aG opt bylaws, appoint it. statutory agent as equiTed by law, and do and transact such OtEer business may properly and legally come be- fore the board.
 A majority of the Board of Directors shall constitute quorum and. except as herein and in the bylaws otherwise provided, any meeting of said board at which there shal be present a quorum. shall be deemed a regular meeting and except as herein and in the by laws otherwise provided, sha'l have the same authority and powers as if a full board were pre- sent.
 The Board of Directors shall have full control of, carry on and conduct the business and affairs of this corporation, and among other powers, shall have the right and power, and hereby it is fully authorized: To borrow and loan money; to give and accept security, pied ges and mortgages: to buy, take over, vote and
 
 bonds, debantures, prOmisSOry notes. and other tuch obligations: to buy, take over, authorize and cause to be execut- ed mort ga ges.~ deeds of trust, and other securities; to sell. pledge. mortgage. or otherwise dispose of the whole or any part Of the property and assets of the corporation; and in general and, in ad- dition to the foregoing DO .7ers and au thority, have and possess all the powers and authority usually and ordinarily confined by law and usage upon Board of Directors and that not by these Articles of IncorpOra ton and it's by laws expressly withheld from it.
 ARTICLE TX
 The highest amount of indebtedness or liability. direct conting gent, to which this corporation may, at any time, subject itself, $ all not exceed One Hundred Fifty Thousand (SI50, 900. 0O) Dollars.
 ARTICLE N
 The stock h holds and members Of this corporation, and their private property, shall be exempt from any liability for or on account of the debts and Habili- ties Of this corporation.
 Tn Witness Whereof we have here unto set our hands this Fist day of March, 1922.
 V. F. FRIZZET.L