The border vidette., 1926-10-02

acter OF farming, ranching or mercHn-
tile enterprises; to carry on the busi-
ness of growing. producing. feeding,
fattening 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 q
general real estate, insurance and
brokerage business and to act as agent,
broker and attOrney-in.fact for any
person or corporations; TO buy, sell,
own, vote and otherwise control shares,
stocks and bonds Of other corporationss
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. turn to account and
otherwise deal with property OF all
kinds and in particular relating to-
lands, buildings, business concerns,
farming, ranching and undertakings
to enter into any arrangements with
any authorities municipal, local or
otherwise that may seem conducive to
the Company's detectives 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,
/ ,ix,ftA 60
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 hypothecste any or all of it's
property, real and personal, and to
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 1t be OF
| like nature.
ARTICLE III The authorized capital
stock of the corporation shall be Five
Hundred Thousand Dollars (s500, ,000.-
| 00), divided into Five Thousand t500O),
shares of the par value of One Hun
| dred Dollars ($i00 00) 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-psid, the same as
though paid for in cash at par; and the
directors shall be sole judges of the
value OF any property right or thing
ACC uired 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 w. The commencement of
| the corporation shall be the day these
articles are fled in accordance with
law. and the Termination thereof shall
be twenty five years thereafter, with
privilege of renewal as provided by
statute
ARTICLE Y The affairs OF the corr
poration 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
flied, the following named persons shall
be the directors: J. G. Barnes, Ruby
G. Barnes and Harry Narcotic. M
ARTICLE VI. The directors shall have
power to adept, amend and rescind By
Laws. to fill vacancies occurring in the
board from any cause, and appoint
| from their own number an executive
committee 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 is at any time to sub
ject itself is two thirds "a of the au-
thorized capital stock OF the corpora
tion.
ARTICLE VIII. EXEMPTION: Priv
ate property OF the stock holders of this
corporation shall at all times be exempt
from ell the corporate debts OF the cor.
poration OF every kind and nature.
ARTICLE TX. Ruby G. Barnes. hav-
ing been bona fide resident OF Noga-
les. Santa Cruz county, Arizona, for
the last three years is hereby appoint
ed and made the lawful agent for and
in behalf of this corporation in and for
the State OF Arizona. to accept and ac-
knowledge service of. and upon whom
may be served. all necessary process or
| to omit