The border vidette., 1923-11-24

ana real estate OF every description and
to buy, breed, sell and handle cattle
and other live stock and the products
thereof;
To loan and to borrow money, and
execute. indorse, guarantee the pay
ment of, hold. own, sell or otherwise
dispose OF bonds, notes and other evid-
ence of Indebtedness; and to do any act
or thing necessary. proper or conven-
lent. for the prosecution or carrying out
OF the purposes hereinbefore mention.
ed. for the carrying on of a general
mining. milling and (or) smelling busi-
ness, and the subdividing and selling of
lands, mill sites and townsites, and the
construction and building OF roads,
streets, alleys, and other improvements
thereon, and generally to do and per-
form ali acts and things which are
legal and proper for natural person
Or persons to do. and which may be
conducive to or expedient or necessary
in the carrying out OF the business of
this corporation: all of which business
may be carried on at such place or
places, either in the United States or
in foreign countries, as the Board OF
Directors may at any time determine to
be for the best interests OF the orpora-
ton.
v
The Capital Stock OF this corporation
shall be one million two hundred and
fifty thousand shares of the par value
Of fifty 5000 cents per share; at such
time and under such conditions as the
Board of Directors may determine,
subscriptions to the capital stock shalt
"a oil 11,< l,o
sale and transfer to the corporation of
real or personal property, or for ser.
vices rende led on behalf Of the corpor,
alton; and said stock when issued shall
be fully paid aud non assessable, and
in the absence OF actual fraud the de-
termination by the Board of Directors
as to the value OF any property pur-
chased or services rendered shall be
conclusive.
The highest amount of indebted ness
or liza bility either direct or contingent
to which this corporation is at any
time to subject itself shall not exceed
two.thlrds of the amount of it's capita!
stock; end the private property of the
stockholders OF this corporation shall
be exempt from the payment of it's
corporate debts.
VII
The business affairs of this corpora
ton shall be conducted by Board Of
Directors, consisting of not less than
three. nor more than se1 en- me N bers.
each OF whom shall be stock holder;
and whenever any director ceases to be
stock holder be shall at the same time
cease to be director. They shall be
elected annually by the stock holders,
at their regular annual meeting, which
shall be held at the Office of the cor
poration in Nogales, Arizona, on the
second Monday OF September in each
year, and shall hold their office until
their successor is elected and qualified,
unless sooner removed by death. re-
signatio1 or otherwise. Any vacancy
In the Board OF Directors may be filled
by the remaining members of the Board
of Directors by appointment from
among the stockholders, and any di-
rector so appointed shall hold office
until the next annual meeting OF the
stockholders. A majority of the Board
of Directors shall constitute quorum
for the transaction of business,
The first Board of Directors shall
consist OF Mrs. Katie Hoy, James V.
Robins. +. G. Kenney. John A. Ryan,
John Hoy. Frank J. Duffy and Dan A.
Mckenzie, who shall constitute the
Board of Directors until the regular
annual meeting of the stockholders in
September, 1924. unless sooner removed
by death, resignation or otherwise
The Board of Directors shall have power
aud authority to adopt bylaws for the
government OF the corporation.
VIII
The officers OF this corporation shall
be q president. vice president, secre-
tary and treasurer, and such other Off
GERS or agents as the Board Of Directors
may deem necessary for the purposes
chosen by the Board of Directors and
shall hold Office during the life of the
board by which they are elected. and
until their successors are elected and
qualified, unless sooner removed by re.
signation or by the vote of two-thirds
OF the Board OF Directors.
TX
James V. Robins, who has been re.
sident of the State of Arizona for three
years last past, and who is now re.
sident OF the city of Nogales, Arizona.
is hereby appointed the agent of this
corporation, upon whom all legal no.
tices and processes, including service of
summons, may be served.
x
These Articles Of Incorporation may
be altered or amended and the capital
stock may be increased or decreased at
any regular meeting of the stockhold.
ers, or at any special meeting called
for that purpose. by the affirmative
vote of majority OF the stockholders,
and
The Board Of Directors may call
meeting of the stock holders for this or
any other purpose not contrary TO law,
but notice of such proposed meeting
shall be given to each stockholder either
personally or by writing. twenty days
prior to the meeting at which the pro-
posed amendment shall be voted upon.
Tn Witness WhereOf we have here.