The border vidette., 1926-02-06

| TOR services rendered In or about the
formation or promotion of the COM
pany, or the conduct of it's business, all
upon such terms as the board of direc-
tors may approve.
(j) To make any and all contracts,
acquire and transfer any and all species
OF property, and to possess the same
powers In such respects as private in
dividuals now enjoy, and in general to
do all things necessary or convenient to
the proper conduct Of the business of
the corporation in the State of Arizona
and elsewhere, not inconsistent with
the laws of the United States and OF
the State Of Arizona.
ARTICLE v
The authorized amount OF tie capital
stock of this corporation shall be One
Million Five Hundred Thousand ISL.
500. 900. 00) Dollars, divided into one
million FIVE hundred thousand (Sl,5 o.
0O0) shares of the par value of One
Isl OO) Dollar each Upon subscription
! therefor said capital stock shall be paid
into the corporation in such manner
| and upon such terms as the board OF
directors may fix In cash, services, or
/ by the sale. transfer and assignment to
the corporation OF property. property
| rights or interests therein. real or per.
! sonal for the uses and purposes of the
| corporation, and in pay ment for which,
shares OF the capital stock Of the cor.
pOration may be issued, and such stock
so issued shall Il ereupon and thereby
become ard be fully paid up and nom
| assessable, and In the absence of actual
| fraud in the transaction, the Judgment
OF the board of directors as to the value
OF the services rendered or property
purchased shall be conclusive.
ARTICLE vi
The time OF the commencement of
this corporation shall be the date of the
filing of it's articles with the Corpora
tion Com issi0n of the State of Ari
zona and the recording of same in the
| Office OF the County Recorder of Santa
Cruz County, Arizona, and the termi-
nation thereof shall be twenty-five
years thereafter. with the right in the
corporation to renew it's charter for an
additional period Of twenty five years
as now provided by law.
ARTICLE VII
The management and conduct of the
business, property and affairs OF the
corporation shall be vested in and con-
Quoted by Board OF Directors OF not
less than three t3) nor more than seven
~ persons, and all directors, except in
case of vacancies, shall be elected at
the annual meeting of stock holders,
except the first board. which is chosen
as in these articles hereinafter set
| forth. The Board of Directors shall
have the right and power to increase
the number of directors up to seven (7)
| at any time, and to appoint or elect
such additional directors to serve until
the next annual stock holders meeting
The officers OF the company shall con-
| sist of President, Vice Presid ent,
| Secretary and Treasurer, and such other
officers as the Board of Directors shall
deem expedient, and all shall be elected
| or appointed by the Board of Direc-
| tors. Any two or more Offices, the
| duties of the incum bent of which are
not inconsistent. may be held by the
same person. Both the officers and
directors shall hold their Offices for the
period Of one year from and after cleo.
ton and qualification and until their
successors are elected aud qualified,
unless removed by the board. The di.
rectors shall have the right to ill any
vacancy occurring in the board by
| death, resignation or otherwise, in
Guiding the right to fill such places as
may be created by an increase in the
number of the board. and the person or
persons elected to fill any such vacancy
or vacancies. created through increas-
ing the number of the board, shall hold
his Office until the next regular meeting
of stock holders.
| ARTICLE VIII
The regular annual meeting of the
stock holders shall be held ut the prin-
cipal Office of the company on the sec-
Ond Monday in January of each year,
commencing with the year 1926.
ARTICLE TX
The incorporators shall name the per.
sons who shall constitute the first
Board of Directors and when so select
ed by the incOrporatOrs said members
of the board shall serve until the first
annual stock holders meeting and until
! their successors are elected and quail
flied.
ARTICLE
The Board of Directors shall have the
| power to make and alter the bylaws of
the corporations; to fix the amount to
be reserved as working capital, and to
authorize and cause to be executed
mortgages, debentures and other oblig.
ations which shall be liens upon the
| property and franchises OF the corpora.
ton, and, in general to exercise all the
| powers and authority of the company
not expressly withheld from said board
by law, or by these Articles of Incor.
poration. or by the affirmative action
, of the stock holders
ARTICLE XI
The stockholders and members of this
corporation and their private property
shall be exempt from any liza bility for
the debts OF this corporation.
ARTICLE XII
| With the consent of the holders of
two thirds 90 in amount of the capital
stock of this company, issued and out
standing whom evidenced in writing or
with the consent OF majority in am
ount OF the capital stock of the COR
po:ation, issued and outstanding. when