The border vidette., 1925-10-10


chase, underwrite, guarantee, contract
for, or be interested in and to sell, as
sign. pledge, hypothecate or otherwise
dispose OF or deal in the shares of cap
ita1 stock, bonds, or other evidence of
debt or contracts or interests issued,
created or authorized by any other
cOrpO catiOn or by any person, firm,
syndicate, cO.partnership or associa-
tion, or by any nation, state. county or
municipality or by any public Board
or Commission, and while the holder
OF any such shares OF stock or other in.
terest. to exercise all the rights and
privileges OF ownership. including the
right to vote thereon to the same ex-
tent as q natural person m ;ght or could
do; to make, enter into, perform and
carry out contracts OF evesy sort and
kind with any person, tirm. association,
syndicate, corporation, pubic. private
or municipal, or any body polite or
with the government OF the United
States or any state, territory or for
elgn government or any political sub
division thereof; to purchase, hold or
REISSUE and sell the shares of its own
capital stock; to issue bonds, stock, or
other obligations in payne for prop
erty purchased or acquired by it to or
for any other object in and about it's
business; to mortgage or pledge any
stock, bonds or other obligations. or
any property which may be acquired
by it to secure any bonds or other
obligations or contracts by it so issued.
made or incurred; and to do any and
all lawful acts or things designed to
protect, preserve. promote, develop,
improve or enhance the value Of any
property right or things owned, held
| or acquired by it, and to have and ex-
ercise any and all other powers which
a natural person could hare and exer.
else, and which may now or hereafter
be authorized by law. either rs or by
and through principals, agents, attor-
neys, contractors, factors, trustees,
gnarantors, lessons, lessess, or other
wise. e ther alone or in conjunction
with Others and in any part Of the
world.
ARTICLE III
The capital stock of the corporation
shall be One Hundred Thousand Dollars
| ($1O0 600 COZ, divided into one thous.
and shares of the par value OF One
| Hundred Dollars each. which shall be
! paid in, at such times 8s the Board of
Directors may designate. in cash. real
or personal property, services, leases,
| options to purchase, or any other
valuable right or thing. for the uses
and purposes Of the corporation. and
all shares Of apital stock, when issued
in exchange therefor, shall thereupon
and thereby become and be full paid,
the same as though paid for in cash at
par, and shall he worcestershire for
ever, and the Judgment OF the direc-
tors as to the valne OF any property,
| right or thing acquired In exchange
for capital stock shalt be conclusive.
ARTICLE w
The commencement of the corpora
tion shall be the date of the issuance to
it Of certificate OF Incorporation by
the Arizona Corporation Commission,
and it shall endure for the full term OF
twenty-five years thereafter, with the
| privilege OF perpetual succession as
provided by statute.
ARTICLE v
The affairs of the corporation shall
be conducted by board OF directors
and such officers as the said directors
| may elect or appoint. The number of
directors shall be designated by the
| bylaws and shall be elected from
among the stock holders at their annual
| meeting to be held on the first Satur.
day of September of each year. Until
the first annual meeting of the stock
holders and until their successors have
been elected and have qualified. the
following named persons shall be the
| officers and directors: Ben G.. Hill.
president. Msebelle Hess. secretary and
| treasurer.
ARTICLE VI
The directors shall have power to
adopt, amend and rescind bylaws, to
| fill vacancies occurring in the board
from any cause, and to appoint from
their own number an executive COM
mittee and vest said committee with
all the powers granted the directors
by these articles.
ARTICLE VII
The highest amount of indebtedness
or liability to which the corporation
may at any one time subject itself Is
Sixty Six Thousand Six Hundred Dol.
lars (S66.6O0 O0).
ARTICLE VIII
The private property of the stock.
holders of The corporation shall be
forever exempt from it's debts or abll-
cations.
ARTICLE TX
Ben c Hill of Tucson, Arizona, who
has been bona fde resident ot the
State OF Arizona for at least three
years last past is hereby appointed the
Statutory agent OF this corporation,
upon whom all notices and processes,
including the service of summons may
be served, and when so served shall be
deemed, taken and held TO, be lawful
service upon this corporation; Provid.
ed, However. that the Board of Direc.
tors may revoke this appointment OF
agent at any time. and shall have the
power to fill any vacancy created by
such resignation or by the death or
resignation OF said agent.
BEN c. HILL
AEBELLE HESS