The border vidette., 1926-01-16

Arduu IN Tue LrdDSHcClOD, tn0 ludg gment
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 its articles with the Corpora
tion Commission OF the State OF Ari
zona aod 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 ana affairs OF the
corporation shall be vested in and con-
Quoted by Board OF Directors OF not
less than three (3) 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 ia 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 q President, Vice President.
Secretary and Treasurer. and such other
officers as the Board Of Directors shall
deem exDedient, 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 elec:.
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
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 stockholders. !.
ARTICLE VIII
The regular annual meeting of the
stockholders shall be held ut the prin-
cipal Office OF the company on the seq
nnd Monday In January of each year.
commencing with the year 1925. !.
i ARTICLE TX i.
Tho ;poorporotore oh - n =, ,..,.> A..
sons who shall constitute the first
Board OF Directors and when 90 select
ed by the incorporators said mem bers
of the board shall serve until the first
annual stock hold ers' meeting and until
their successors are elected and quail
flied. '''
Is T@& ARTICLE Il
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 obliR.
ations which shall be liens upon the
property and franchises OF the corpora.
ton, and, in general to exercise ali the
powers and authority of the company
not expressly withheld from said boar q
by law, or by these Articles of Incor.
poration. or by the affirmative action
of the stockholders.
- ARTICLE XI ~
The stockholders and members of this
corporation and their private property
shall be exempt from any liability for
the@debts Of this corporation.
= * ARTICLE XII
With the consent Of the holders of
two-thirds (s) in amount OF the capital
stock OF this company, issued and out
standing when evidenced in writing or
with the consent ofs msjority in am
cunt OF the capital, stock of the cor
poration. issued and outstanding, when
expressed by resolution adopted at d
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. 49,. -
ARTICLE XIII g..
The Indebtedness OF this company
shall at no time exceed the sum OF One
Million Isl, 0O0. 600 00) Dollars.
ARTICLE XIV
Duane Bird, of Noe ales, 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 it, 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
hei eunto set our hands this 26th day
of October. A. D. 1925.
RICHARD o. MEENTS
-.~ GRACE REED
,- ROLAND REED =:
State of California, l.,
County of Los Angeles