The border vidette., 1926-08-21
ARTICLES OF INCORPORATION
CITIZENS INVESTMENT COMPANY.

oEN h6b VIC, Lu0
having associated ourselves together
for the purpose OF forming corpora
tion under and by virtue of the laws
OF Arizona. hereby adopt the following
Articles. of Incorporation:
ARTICLE /. The name Of the corpor,
alton shall be: CITIZENS INVEST
MENT COMPANY. and its principal
place Of business shall be Nogales. Ari
zona. but other Offices may be estab-
liehed and intained within or outside
OF Ar.zona at such places as the Board
OF Directors may designate. where
meetings of stock holders aud directors
may be held.
ARTICLE Il. Tho general nature OF
the business proposed to be transacted
shalt be as follows: To purchase. own,
hold, sell, improve, lease and otherwise
deal in real and personal property of
every kind and character; TO buy. erect,
manage, operate, care for and main
tain, extend and alter or otherwise &C.
quire buildings of all descriptions and
| the appurtenances thereof; to own, con-
trO', use. appropriate and otherwise
acquire, water, water rights, bitches,
| fumes, ditch rights farming land and
ranches with full power to sell. lease
or otherwise dispose of the same; to
carry on and conduct any and all char.
! acter OF farming, ranching or mercan-
tile enterprises; to carry on the busi-
ness OF growing, producing. feeding,
.attening and generally dealing In cat.
| tie and other livestock of every descrip-
| tion; to own, control and operate cat
| tie and livestock farms, ranches and
| ranges of every kind either within or
| without the State of Arizona; to do
general real estate, insurance and
| brokerage business and to act as agent,
broker and attorney-in. fact for any
person or corporation; TO buy, sell,
own. vote and otherwise control shares,
| stocks and bonds of other corporations; !;
| to draw, accept, endorse. discount, buy,
sell and deliver bills of exchange, pro-
| missory notes. bonds, indentures, cou.
pons and other negotiable instruments
| and securities; to give security and
guarantees for the payment OF money
| or the performance of any obligation
or undertaking; to acquire. improve,
manage, work, develop, exercise all
rights in respect of. lease, mortgage.
sell, dispose of. turnhto account and
otherwise deal with property OF all
kinds and in particular relating to
| lands, buildings, business concerns,
farming, ran ching and undertakings;
to enter into any arrangements with
any authorities municipal, local or
otherwise that may seem conducive to
the Comp8ny's Objectives or any of
them and to obtain from any such gov
ernment or authorities any rights,
privileges and concessions which the
company may think it desirable to
obtain, to carry out, exercise and COM
ply with any such arrangements, rights,
privileges and concessions; and this
corporation may purchase and sell it's
own stock, and may borrow and loan
money, execute notes and bonds, oper-
ate hotels, inns, restaurants, eating
houses; lease, SELL mortgage, incum.
ber and hypothecate any or all of its
property, real and personal, and to
perform all other deeds, acts and things
incident or convenient to its general
business It is the intention that each
ct the objects, purposes and powers
specified in each of the paragraphs of
this second article Of this Certificate of
Incorporation shall except where other.
wise specified, be nowise limited or re.
stricted by reference to or inference
from the terms OF any other paragraph
or Of any other article in this Certifi.
cate Of Incorporation, but that the OBJ.
jects, purposes and powers specified in |
this article and in each of the articles |
or paragraphs of this Certificate shall
be regarded as Independent objects. |
purposes and powers. and the enumera-
ton of specific purposes and powers |
shall not be construed to restrict in |
any manner the general terms and |
powers Of this Corporation, nor shall |
the expression of one thing be deemed |
to exclude another, although it. be OF |
like nature,
ARTICLE III The authorized capital
Hundred Thousand Dollars $500, ,000.- |
00). divided into Five Thousand f50O0). |
shares of the par value of One Hun
dred Dollars ($l0O OO) each, which shall
be paid for at such times and in such !
manner as the Board of Directors may
designate. All or any portion of the
capital stock may be issued in payment
for real or personal property, services,
or any other right or thing of value.
for the uses and purposes Of the cor.
poration, and when so issued shall be.
come and be full-paid, the same as
tuOuSu polu WI III Cdou dU pdI duO ULO
directors shall be sole judges of the
value of any property right Or thing
acquired in exchange for capital stock.
No shares of capital stock shall be is.
sued until fully paid for and thereafter
shall be non .assesSable.
ARTICLE " The commencement of
the corporation shall be the day these
articles are filed in accordance with
law. and the termination thereof shall
be twenty five years thereafter, with
privilege of renewal as provided by
statue.
ARTICLE Y The affairs OF the cor.
porstion shall be cond ucted by Board
of Directors and such officers as the
said directors may elect or appoint.
The number OF directors shall be de-
signsted by the stock holders and shall
be elected from among the stockholders
at their annual meeting to be held on
the third Tuesday in January of each
year. Until the first annual meeting
of stock holders and until their success
sors have been elected and have quail