The border vidette., 1923-09-29


gales, County of Santa Cruz, State OF
Arizona, but principal and branch Of
fees may be maintained, and meetings
of directors and stock holders may be
held, and business transacted, at any
States, or foreign countries, as the
Board of Directors may determine.
ARTICLE w
The general nature of the business
proposed to be transacted is as follows:
l. To carry on business as factors,
brokers, agents, commission merchants
or merchants; to buy. sell, job, mani
pulate, export, import and deal IN, at
: wholesale or retail, merchandise, goods,
wares, food products and commodities
of every sort. kind or description, and
to carry on any other business, whether
manufacturing or otherwise, convenient
with any OF the corporation objects;
to open stOres, Offices or agencies
throughout the United States, or for
eiRn countries.
2. To purchase, receive, hold and
own bonds, mortgages, debentures,
notes, shares of capital stock of other
corporations, as we'll as shares of its
own capital stock. including the right
to vote thereon; to issue bonds and
other obligations, and to secure the
same by pledging or mortgaglng the
whole or any part of the property own
ed by the corporation, and to sell or
pledge such bonds in conducting the
corporate business.
ARTICLE v
The amount of the capital stock of
the corporation is Twenty Five Thous.
and 1925 5.OO0O O0) Dollars, divided into
Two Hundred Fifty (250) shares of the
par value of One Hundred (SlO0. .0O)
Dollars each. The capital stock shall
be issued at such times as the Board of
Directors may decide upon. Said cap.
ital stock shall be paid into the treas.
ury of the corporation, either in cash.
or by the sale and transfer to it of real
or personal property, contracts, SER
vices, or any other valuable right or
thing for the use and purposes of said
corporation, in payment for which
shares of the capital stock of the COR
pOration may be issued, and the capital
stock SO issued shall thereupon and
thereby become and be fully paid and
non -assessable forever, and, in the ab
sence of actual fraud in the transac.
tion, the judgment of the Board of
Directors as to the value of the proper.
ty purchased shall be conclusive.
ARTICLE VI
The time of the commencement of
this corporation shall be at the date Of
the filing of certified copy of these
Articles of Incorporation in the Office
Of the Corporation Commission of Ari-
zona, and the termination thereof shall
be twenty-five (25) years thereafter.
with the privilege of renewal aa pro.
vided by law.
ARTICLE VII
The affairs of this corporation shall
be conducted by Board OF Directors
composed OF not less than three, nor
more than seven stockholders. Said
directors shall be elected at the annual
meetings OF the stockholders and shall
serve for one year and until their sue
cessors are elected and qualified. The
annual meeting OF the stockholders
shall be held at such place and hour as
may be prescribed by the bylaws of
the corporation on the first Monday in
April of each year. Special meetings
may be held in such manner as may be
prescribed by the by laws of the cor
poration. Until the first annual meet
ing, and until their successors are elect
ed and qualified, the following named
persons shall constitute the Board of
Directors:
GUILLERMO MASCARENAS,
MARIANA PALAZUELOS,
L. B. FLEISCHER.
II at any time a vacancy In the Board
OF Directors shall occur, such vacancy
may be filled by the remaining mem
bers OF the Board of Directors IN Office,
and the person so elected to fill the
vacancy shall serve during the unex.
pired term of his predecessor, and until
his successor is elected and qualified
The powers and duties of the Board of
Directors shall be as provided in the
by laws Of the corporation. The Board
of Directors shall have power to adopt
and amend the by laws of the corpora
tiOn.
ARTICLE VIII
The officers of this corporation shall
be President. Secretary and Treas
urer, and a Manager. The Office of
| Secretary and Treasurer may be filled
| and held by the same person. The Of
fcers shall be elected by the Board of
nual meeting of the stock holders of the
corporation, and shall hold Office for
one year, and until their successors are
elected and qualified. Additional Of
fees may be created by the stockhold-
ers, and filed by election or appoint
ment, as the bylaws may provide.
Until the first annual meeting of the
stockholders, and until their successors
are elected and qualified, Guillermo
! Mascarenas shall be President and Ma
riano Palazuelos shall be Secretary and
Treasurer and l.. B. Ffeischer shall be
| Manager.
ARTICLE TX
The highest amount OF Indebtedness
or liability. direct or contingent, to
which the corporation shall at any time
subject itself shall be Sixteen Thousand
Six Hundred Sixty. Six and Two Thirds
(S16. 666 81 Dollars.
ARTICLE x
The private property of the stock
holders OF the corporation shall be
| forever exemnt for corDOrato debts