The border vidette., 1924-12-20

ARTICLE III
The general nature Of the business
proposed to be transacted is to make
contracts, to purchase, lease, option,
locate, or Otherwise acquire, OVID, ex-
change, sell, or other Gise dispose Of,
pledge. mortgage, hypothecate and
deal III mines, mining claims, mineral
lands. coal lcnda, oil lands, timber
lands, real ana per, onal estate, water.
water rights, and to work. explore,
operate and develop the same and to
extract any and all minerals, oil and
gas Iherefrom and deal in the products
and by-products therefrom.
To purchase, lease, or otherwise &C
qulre, erect, own, operate or sell smelt-
ing and ore reduction works oil ref
neries, saw mills and power plants; to
build operate and own, sell or other
wise dispose Of railroads, tr8mways,
turnpikes and cana's; to do a general
real estate, manufacturing and mer-
camille business; to own, handle and
control letters patent and inventions;
to acq uire, own and hold or otherwise
deal with any stock, bonds. debentures
shares, script or securities OF any do
mestic, foreign or alien corporation or
OF any government. state or authority,
municipal, local or otherwise; together
with the right to own, acquire and buy
back Its own stock, bonds or other
obligations: to issue bonds, notes. de-
bentures and other evidences of In
debtedness, and to secure the payment
OF the same by mortgage, deed OF trust
or otherwise; to act as agent, trustee,
broker or in other fiduclary capacity;
to borrow and loan money; and in car.
rying on i's business. or for the pur-
pose of attaining or furthering any OF
it's objects, to do any and all other acts
and things, and to exercise any and all
other powers which natural person
could do and exercise, and which now
or hereafter may be authorized by law.
ARTICLE Nv
The amount of the capital stock of
this corporation shall be Two Million
| (S2. 100000 00) Dollars, divided into two
million (2,00O.OOO) shares of the par
value OF One (Sl.OO) Dollar each.
The capital stock shall be common
stock, and the terms upon which the
same is created are that it shall be is.
sued to the full par value thereof, and
said stock shall be issued as fully paid
and nom -assessable, and the capital
stock OF this corporation, after its full
par value has been paid, shall not be
subject to assessment to pay the debts
of the corporation. Said capital stock
may be payable in cash, or by the sale
and transfer to it of real or personal
property, contracts, services, or any
other valuable right, or thing for the
use and purposes of said corporation,
or for satisfying Indebtedness, and in
the absence of actual fraud in the trans.
action, the jud gment of the directors as
to the value thereof shall be conclusive.
ARTICLE V
| The time of the commencement of
this corporation shall be at the date of
the fling of these Articles of Incorpora-
tiOn in the Office of the Arizona Cor
pOratiOn Commission at Phoenix, Ari-
ZOna, and said corporation shall endure
for twenty-five years thereafter, unless
sooner terminated.
ARTICLE VI
The affairs of this corporation shall
be conducted by Board of Directors
consisting of not less than three nor
more than eleven members, and such
officers as the Board of Directors may
elect or appoint The following named
persons shall constitute the Board of
Directors until their successors are
elected and qualified, to-wit: Frank
M. Lynch, Leslie G. Hardy and Charles
l.. Hardy.
Thereafter the Board of Directors
shall be elected from among the stock
| a Nf hn
stock kholders to be held at such time as
may be provided by the Bylaws to be
hereafter adopted.
ARTICLE VI
The Board of Directors shall have
power to adopt and amend bylaws for
the government of the corporation. and
to fill vacancies occurring on the Board
! of Directors for any cause.
ARTICLE VII
Until changed by the bylaws, the
officers of the corporation shall be a
President. Vice-President, Secre-
tary and Treasurer. Until their sue
cessors are elected and qualified, the
following shall be the officers of the
| corporation: Frank Nj. Lynch, Presi-
dent and Treasurer; Charles L. Hardy,
Vice President and Leslie G. Hardy,
| Secretary.
ARTICLE VIII
The highest amount Of Indebtedness
or liability, direct or contingent. to
which this corporation shall be subject
at any one time shall in no case exceed
two-thirds of its capital stock.
ARTICLE TX
The private property of the stock,
holders of this corporation shall be
forever exempt from all it's corporate
debts of all kinds whatsoever.
ARTICLE x
Leslie G Hardy. who has been re-
sident of the City of Nogales. County
OF Santa Cruz. State of Arizona, for
more than three years last past. is here
by appointed agent of the corporation
unOn whom all notices and nrOcessas