The border vidette., 1925-11-14

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
itRl 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, partnership or assOcia-
ton. or by any nation, state. county or
municipality or by any public Board
or Cumm' ssion, 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 samo ex
tent as natural person night or could
carry out contracts of every sort and
s, Indicate, corporation, pubic. private
or municipal, or any body polite or
with the government OF the United
States or any state, territory or for
eign government or any political sub
division thereof; to purchase, hold or
re issue and sell the shares OF its own
capital stock; to issue bonds, stock, or
other obligations in pay ment 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 1t. and to have and ex-
ercise any and all other powers which
natural person could have and exer.
else, and which may now or hereafter
be authorized by law. either as or by
and through principals, agents. attOr.
neys. contractors. factors, trustees,
guarantOrR, lessons, lessess. or other
wise. either 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
t$lO0 600 OOI, divided into one thous.
and shares of the par value of One
Hundred Dollars each. which shall be
paid in, at such times as 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 capital 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 be worcestershire for
ever, and the judgment OF the direc-
tors as to the value OF any property,
right or thing acquired In exchange
for capital stock shall be conclusive.
ARTICLE w
The commencement of the corpora
tion shall be the date of the issuance to
it of q certificate OF Incorporation by
the Arizona Corporation Commission,
and 1t shall endure for the full term OF
twenty-five years thereafter, with the
privilege OF perpetual succession as
provided by statute.
ARTICLE "
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 c.. Hill.
president. Maebelle 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 au 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 1866, 800 O0).
ARIlCLE 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 fide resident Of 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
MAEREILE HESS