The border vidette., 1924-11-08
ARTELES or INCORPORATION
OF
ARIZONA BROKERS COMPANY, ING.

KNOW ALL MEN BY THESE PRESENTS,
That we. the undersigned, have this
day associated ourselves together Tor
the purpose OF forming n corporation
under and pursuant to the laws of the
State of Arizona. and for that purpose
have adopted ard do hereby adopt the
following Articles OF INCORPORATION.
The name Oi this corporation and by
which it shall be autho,,ztd TO transact
it's business is and shall he ARIZONA
BRolSERS COMPANY, INC
The principal place Of business OF tI!s
corporation within the State OF Ari-
IONA, shall he al Nogales. Santa Cruz
County, Arizona; aud the corporation
may have other places OF business
either within or without the State OF
Arizona and :he continental limits O.
the United States as the Board OF Di.
rectors raay determine, mt any of whicI,
places ineet!hRs OF directors may he
held and corporate business may be
transacted.
Ill
The general nature q; the business
proposed to be transacted il TO carry
OF, conduct and maintain general
custom house brokerage and forward :
ing business and agency and 10 for
ward, import and export goods and
commodities OF all kinds This cor.
poratlon shall also have the power to
acquire and undertake the good will,
property. rights and assets OF every
kind, and the liabilities Of any person,
firm. association or corporation doing
business Of like nature, either wholly
or partly. and pay for the same in
stock or bonds OF the company or
otherwise.
The authorized amount OF capital
stock OF this corporation shall be Twen.
ty-five Thousand 1880 OO) Dollars,
divided into two hundred fifty (25O)
dred ($l0O.00) Dollars each. At such
times as the Board Of Directors may
direct, said capital stock shall be paid
into this corporation, either 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 uses and purposes OF this corpora
tion, in payment for which. shares OF
the capital stock OF this corporation
may be issued, and the capital stock so
issued shall thereupon and thereby be.
come and be fully paid UP and non-as-
sessable forever, and in the absence of
actual fraud in the transaction the
jud dgnent of the Directors as to the
value OF the property purchased or SER
vices performed, shall be conclusive.
The time o: the commencement Of
this corporation shall be the date of
the fling OF Its Articles OF Ircorpora-
tion in the Office OF the Corporatiou
Commission OF Arizona, and certified
copy thereof recorded in the Office OF
the County Recorder OF Santa Cruz
county, and the termination thereof
shall be twenty-five years thereafter,
With the privilege OF renewal IS pro-
vided by law
The affairs OF this corporation shal!
be conducted by q Board of Directors,
consisting OF not. less than three and
not more than i've mem bers, each o!
whom shall be stockholder; and
whenever a director ceases to be n
stock holder he shall at the same time
cease to he director. The directors
shall be elected annually by the stock.
holders at their regular annual meet
ing which shall be held at the ofiico Of
the company in Nogales, Arizona, on
the first Monday Of October in each
year, and shall hold their office until
their SUCCESSORS are elected and quail
flied Until the first annual meeting OF
the stockholders In October, 1925, the
following named shall constitute the
Rosrd Of Directors:
l.. NJ. HUTCHINSON,
u G. BEAN.
NJ +. HUTCHINSON,
w. j. PHILLIPS.
The Board Of Directors shall have
power To adopt bylaws for the govern
ment of the corporation, to gill vacan
c.es occurring in the Board from any
cause. and TO appoint On Executive
Committee and such other committees
as they may deem advisable, and vest
said committees with such powers ss
they may determine. They shall elect
the officers Of the corporation, TO con-
sist OF q President. Vice President.
Secretary and Treasurer, and such
other officer and agents rs they shall
determine to be necessary. aud two OF
which. except tho Presidency and Vice
Presidency. may be beld by the same
person.
VIII
The highest amount OF indebtedness
or liability, either direct or contingent.
to which this corporation shall be sub
ject at any one simo shall never exceed
the amount OF two thirds Of its capital
stock.
TX
The private property OF he stock.
holders and officers of this corporation