The border vidette., 1926-01-23

lrauQ IN Ln0 LranSaCtlOn, tne 1uQgmonC
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
fling of its articles with the Corpora
tion Commission Of the State of Ari.
zona and the recording Of came in the
Office of the County Recorder 0f Santa
Cruz County, Arizona, and the termi-
nation thereof shall be twenty -tiv We
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-
ducted by Board Of Directors OF not
less than three (3) nor more than seven
~ persons, and oil 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 Stockholders meeting
The officers OF the com pany shall con.
sIst Of q President, Vice Presiden
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 mbent 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 elec.
tion and qualification and until their
successors are elected and qualified,
unless removed by the board. The d.
rectors shall have the right to fill any.
vacancy occurring in the board by
death, resignation or otherwise, in
cluding 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.
.f-,.,., ARTICLE VIII
The regular annual meeting of the
stock holders shall be held at the prin-
cipal Office Of the company on the sec-
ond Monday in January of each year,
commencing with the year 1925.
~ - ARTICLE TX
e.. The incorporators shall name the per-
sons who shall constitute the first
Board OF Directors and when so select
ed by the incorporators said membe
OF the board shall serve until the first
annual stock hold ers' meeting and until
their successors are elected and quail
fled -
s.~.n ARTICLE X
The Board of Directors shall have the
power to make and alter the bylaws of
the corporation; 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
tion, 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 stockholders.
ARTICLE XII
The stockhold ers and members of this
corporation and their private property
shall be exempt from any liability for
the debts OF this corporation.
.4,-, ARTICLE XII ,a
With the consent of the holders of
two-thirds 81 in amount of the capital
stock of this company, issued and out.
standing when evidenced in writing or
with the consent of majority in am
cunt OF the capital stock of the COR
pO:ation. issued and outstanding. when
expressed by a resolution adopted at b
meeting OF the stock holders OF the
company duly called and held pur-
suant to the bylaws, the directors
shall have authority to sell or other
wise dispose of in such manner as may
be authorized. the entire property and
assets of the corporation. ...
ARTICLE XIII
The indebtedness of this company
shall at no time exceed the sum of One
Million Isl, coo, 900 OO) Dollars.
ARTICLE XIV
Duane Bird, of Nog eles, Santa Cruz
county, Arizona, who has been bona
fide resident OF the State of Arizona for
at least three (3) years, is hereby ap-
pointed the lawful agent of this corpor-
alton for and on behalf OF 1t, to accept
and acknowledge service, and upon
whom may be served all necessary pro-
cess in any action, suit or proceeding
that may be held or brought against
this corporation in any of the Courts
Of the State Of Arizona, and for all
purposes required by law.
IN WITNESS WHEREOF, we have
hereunto set our hands this 26th day
OF October. A. D. 1925.
RICHARD o. MEENTS
GRACE REED
ROLAND REED