The border vidette., 1925-12-05

control shares, stocks and bonds or
other corporations; to purchase and
retire its own stock; to borrow and
lend money; to execute notes and
bonds; to mortgage. cucumber and
hypothecate any or all of it's property, ,
and to do and perform all other deedss
acts and things incident or convenient
to its general business.
To acquire by purchase, lease, OWN,
hold, sell. mortgage or encumber both
improved and unimproved real estate
wherever situate; to plant and improve
real estate for purposes OF sale or
otherwise; to erect houses and build
ings therson and to erect and maintain
telephone or telephone lines.
To issue. secure, or offer for sale.
bonds. stocks. commercial paper and
other obligations. s. II
To buy, sell, exchange and generally
deal in real property, improved and
| unimproved. To improve. manage,
operate, buy. sell, mortgage, lease or
otherwise dispose OF property, real or
personal and take mortgages upon the
same.
To conduct its business in all It's
branches and to have such business
Offices as may be established by the
Board OF Directors. and without re.
strictiOn to CONTRACT, sell, lease and
convey real and personal property, and
carry on It's business in any of the
states OF the United States and any
foreign country.
General to do each, all and every
lawful thing and business OF every kind
and description incident to the general
business OF the company wherever the
same may be transacted or pursued.
u. ARTICLE .s.
The amount OF the capital stock OF
this corporation is One Hundred Thous-
and Dollars (Sl0O GEO OOh divided into
One thousnnd (l00OJ shares of the par
value Of One Hundred Dollars t9l00 00)
each. Stock shall be issned when paid
for in cash, services, or property, and
shall be issued as fully paid and shall
be forever -asaessAble. The judg-
ment OF the Board OF Directors as to
the value OF the property taken In ex-
change for q stock shall be conclusive
In the absence Of fraud.
ARTICLE vi
The time of the commen cement OF
which certificate OF incorporation Is
Issued By the Corporation Commission
OF the Slate OF Arizona and IL shall
terminate twenty five years thereafter,
unless renewed in the manner provided
by law. ~ - =
' ARTICLE VII
The affairs Of this corporation shall
be conducted by bonrd Of three di-
irect0rs. who shall be stock holders of
this corporation. Said directors shall
be elected at the annual meetings Of
the stock holders ard shalf serve for one
year ,and until sheif successors are select
ed and qualified. eTheanunal meeting
Of the corporation sshall he bald ct such
place and hour as may be prescribed
by the by.laws Of the corporation on
the seeopds Wednesday ini January of
each, years beginning with the. year 1928.
The first board OF directors shall be
elected by the incorporators, and shalt
serve untn their successors are elected
and qualified lfat any time vacancy
Ia the board o., directors shall occur,
said vacancy may he filed by the re-
mainfng members of the board. ii Office.
The person so oielected 10 fill vacancy
shall segye during the unexpired term
OF his predecessor, and until his sue
cessor is elected and qualified.
srs7.na, =. ARTICLE VIII .o.
The officers Of this corpora ton shall
be a president. vice. president, secretary
and treasurer and. sich other officers
as the board may determine from tfme
to time. who shall be elected by the
board OF directors Immediately after
each annual meeting Of tie stockho
ers Of the4corporstion,f and shall hold
oftice for one year. and until their suc-
cessors ara elected and qusIified. The
offices OF secretary and treasurer may
be held by the same person. In the
event Of q vacancy in any Office. and
the board OF directors may fill the
same, and the person so elected shall
serve during the nnexpired term OF his
predecessor, and until his successor is
elected aud qualified. The first officers
of the corporation, and who shall serve,
until the first annual meeting OF the
stockholders OF the corporation, and
until their SUCCESSORS are elected and
qualified. shall be elected by the first
board OF directors as soon as convenient
alter Organization.
ARTICLE TX r
Bylaws for this corporation shall be-
adopted and may be- amended or re-
vised by the board OF directors until
| and unless otherwise provided by re-
solution OF the, stockholders. So
4... Il .~e ARTICLE X ,
The highest amount OF indebtedness
or liability. direct or contingent. to
which this corporation is At any time
to subject itself is Sixty-Sfx Thousand
Six Hundred Dollars ES66, 800 00).
~ ARTICLE XII
The private. property Of the stock
hOlders Ot this corporation ia to be
exempt from corporate debts.
ARTICLE XII ..#
Leslie C Hardy. OF Nogales, Santa
Crnz county, Arizona, who has been q
bona fide residens OF the State OF Ari-
zona for at least three years, is hereby
| appointed the lawful agent OF this
corporation, for and In behalf of this
corporation to accept and acknowledge
service and upon whom may be served
all necessary process, or processes in
| ~ A