The border vidette., 1924-11-29
ARTICLES or Incorporation
ARIZONA BROKERS COMPANY, INC.

KNOW ALL MEN BYTHESE PRESENTS:
That we, the undersigned, have this
day associated ourselves together for
the purpose OF forming corporation
under and pursuant to the laws of the
State of Arizona, and for that purpose
have adopted and do hereby adopt the
| following Articles Of Incorporation.
The name OF this corporation and bv
| which it shall be authorized TO transact
its business is and shall be ARIZONA
| BROKERS COMPANY, INC.
III
The principal place Of business OF this
corporation within the State of Ari-
| zona. shall be at Nogales. Santa Cruz
County, Arizona; and the corporation
may have other places of business
either within or without the State of
Arizona end :he continental limits of
the United States as the Board of Di,
rectors may determine, at any o! which
places meetings OF directors may be
held and corporate business may be
tran sacted.
The general nature nf the business
proposed to be transacted is TO carry
on, conducG and main tain q general
custom house brokerage and forward :
ing business and agency and TO for
ward, import and export goods and
commodities of all kinds This cor.
poratlon shall also have the power to
acquire aud 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 $3.50 0O) Dollars,
divided into two hundred fifty (25O)
shares of the par value of One Hun.
dred (Sl00.00) 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. con tracts, 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 thereupO1 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
Judgment of the Directors as to the
value of the property purchased or SER
vices performed, shall be conclusive.
V
The time OF the commencement of
this corporation shall be the date of
the filing of its Articles of Incorpora-
ton in the office Of the Corporation
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 as pro-
vided by law.
The affairs OF this corporation shall
be conducted by a Board of Directors,
consisting of not less than three and
not more than five mem bers, each OF
whom shall be stock holder; and
whenever director ceases to be
stock holder he shall at tho same time
cease to be a director. The directors
shall be elected annually by the stock
holders at their regular annual meet
ing which shall be held at the Office 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
Board of Directors:
L. NJ. HUTCHINSON,
II G. BEAN.
Nj. E. ESON,
W. ]. PHILLIPS.
VII
The Board of Directors shall have
power to adopt by laws for the govern
ment of the corporation, to fill vacan-
cies occurring in the Board from any
cause, and to appoint an Executive
Committee and such other committees
as they may deem advisable, and vest
said committees with such powers as
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 AS they sball
determine to be necessary, and two Of
which, except the Presidency and Vice
Presidency. may be held by the same
person.
VIII
The highest amount Of Indebtedness
or liability, other direct or contingent,
to which this corporation shall be sub
ject at any one time shall never exceed
the amount OF two-thirds Of its capital
stock.
The private property of the stock
holders and officers Of this corporation
10 4 LAkn