The border vidette., 1925-01-24

milling, converting, preparing for
market, and otherwise prod ucing and
| dealing in gold, silver, copper, lead.
/ zinc. brass, iron. steel, and all kinds OF
ore. metals, and minerals, oils, gas and
coal, and the products and by. products
thereof; the corporation shall have
power to purchase, lease, or otherwise
acquire, own, exchange, mortgage,
hypothecate, sell, lease and otherwise
dispose O; and deal in mines and min
eral lands of all kinds. oil. coal and
tim Der lands, real and personal prop
erty. water and water rights, and to
work. explore, operate and develop the
same; to purchase or otherwise acquire,
or ert. own. operate, and dispose OF
smelling and other ore reduction works,
oil reineries. saw mills, and power
plants; 10 acquire own and hold ranch
| and agricultural lands. and all other
| kinds of real estate, and any estate
therein, and to sell. mortgage, lease,
! or otherwise dispose OF the same; to
purchase and owl shares of its own
capital stock, and that of other COR
| porations, and to vote any shares OF
stock owned and held by it in other
corporations, the same as natural
person might or could do; and in gen.
eral to do and perform any and ill Of
such acts and things and to transact
such business in connection with the
foregoing objects, not inconsistent with
law, in the State of Arizona. and any
other state or territory OF the United
States OF America, and in any state of
the Republic of Mexico and elsewhere,
as tie Board of Directors OF said COR
poration may deem to be to the adj
vantage OF the corporation.
ARTICLE III. The capital stock Of
of the corporation shall be One Million
Dollars. divided into One Million shares
Of the par value of One ($l.00) Dollar
each, which shall be paid in at such
times as the Board of Directors may
designate, In cash. real or personal
property, services, leases. option to
purchase, or any other valuable right
or thing, for the use and purposes Of
| the corporation. and all shares Of cap
ital 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 non -assessa BILE forever, and the
judgment OF the directors as to the
value OF any property, right or thing
acquired in exchange for capital stock
shall be conclusive.
ARTICLE Nv. The commencement
of the corporation shall be the date of
the issuance to 1t OF certificate of in
corporation by the Arizona Corporation
Commission. and it shall endure for the
full term OF Twenty five years there
after, with privilege OF perpetual suc-
cessation as provided by statute.
ARTICLE v The affairs OF the COR
poration shall be conducted by Board
Of Directors and such officers as the
said directors may elect or appoint.
The number of directors shall be de-
signated by the bylaws and shall be
elected from among the stockholders
at their annual meeting to be held on
the 9th day of January 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: Nate Mo.
Cutch8n, Floyd T.. Thompson. j. E.
McCutchan and o. A. Flanagan.
ARTICLE vi. The directors shall
haveipower toJadopt, amend and recind
by laws. To fill vacancies occurring Ia
| the board from any cause, and to ap.
point from their own number an ex-
ecutive committee, as mansging di-
rector. or both. with all the powers
granted the directors by these articles.
ARTICLE VII. The highest am
sount of indebtedness or liability to
which the corporation may at any one
time subject itself is Five Hundred
Thousand Dollars.
ARTICLE TX. This corporation does
hereby appoint Malcolm C. Little of
Nogales. Arizona who has been bona
! 6de resident of the State of Arizona
| for at least three years, it's lawful agent
In and for the State OF Arizona, for and
in behalf OF said company, to accept
and acknowledge OF, and upon whom
may be served. all necessary process or
processes In any action, suit or pro-
ceeding that may be had or brought
against the said company in any of the
courts of said State OF Arizona, such
service Of process or notice, or the &C.
ceptance thereof by said agent endors-
ed thereon. to have the same force and
effect as II served upon the president
and secretary OF said company
| IN WITNESS WHEREOF, we here
to affix our signatures and seals this
29th day OF November, A. D.. 1924.
NATE MCCUTCHAN
j. E. MCCUTCHAN
| TC