The border vidette., 1926-03-27

organization TO WnlCn tn6 corporation
may belong or be a member Of or in
which it may have or be interested In
a franchise, or to or from any city or
town where the corporation furnishes
exhibitions, entertainments or amuse.
ments, actors. musicians. baseball man.
ayers, coaches, players. nmpires, scor-
ers and other persons and baggage aud
equipment of all kind q aud descriptions
by means of automobiles, vehicles or
otherwise.
(g) Without in any particular limit
ing any of the objects, or purposes or
powers OF the corporation. the business
or purposes Of the company shall be
from time to- time to do any one or
more or all of the acts and things here.
in set forth, and all such other acts,
things and business or businesses in any
manner connected Herewith, or neces-
sary. incidental. CON nvenient or auxiliary
thereto, or calculated directly or in
directly to promote the interests of the
corporation or enhance the value of or
render profitable any OF its property or
rights, as such a corporation may law
fully do; and In carrying on its busi-
ness, or for the purpose Of attaining
or furthering any OF its objects, to do
any and all acts and things, and to ex-
ercise any and all other powers which
partnership or natural person
could do and exercise. and which now
or hereafter may be authorized by
law, and either as, or by and through
principals, agents, attorneys. trustees
contractors, factors, lessons, lessees. or
otherwise, either alone or in conjunc-
tion with others and in any part of the
world; and in addition to have and to
exercise all the rights, powers and
privileges now or hereafter belonging
to or conferred upon corporations or
ganized under the provisions OF the
law authorizing the formation of such
corporations.
ARTICLE v
The authorized amount OF tie capital
stock of this corporation shall be Fifty
Thousand $3.50 600 O0) Dollars, divided
into fifty thousand (5O.0O0) shares
of the par value of One ($l OO) Dollar
each Upon subscription therefor said
capital stock shall be paid into the
corporation in such msnner and upon
such terms as the board OF directors
may fix in cash, services, or by the
sale. transfer and assignment to the cor.
poration of property. property rights
or interests therein, real or personal,
for the uses and purposes OF the cor
poration, and in payment for which,
shares of the capital stock of the COR
poratiOn may be issued, and such stock
so issued shall thereupOn and thereby
become and be fully paid up and nom
assessa Bile, 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
fling of its articles with the Corpora
tion Commission 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-
ducted by Board OF Directors of seven
f7) persons, and all directors, except in
cese 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 officers OF the company
shall consist of President. Vice.Pre-
sideat, Secretary and Treasurer. and
such other officers as the Board of Dr.
rectors shall deem expedient, and all
shall be elected or appointed by the
Board of Directors. Any two or more
Offices, the duties OF the incumbent 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
election 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. and
the person or persons elected to fill any
such vacancy or vacancies 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 at the prin-
cipal Office of the company ON the third
Monday In February of each year,
commencing with the year 1927.
ARTICLE TX
The incorporators shall name the per-
sons who shall constitute the first
Board of Directors and when 80 select
ed by the incorporators said members
of the board shall serve until the first
annual stock hold ers' meeting and until
their successors are elected and quail
flied.
ARTICLE x
The Board of Directors shall have the
power to make aDd 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.
ton, and, in general to exercise all the
powers and authority of the company