The border vidette., 1927-03-19

the business proposed to be transacted
shall be as follows: To purchase. own,
hold, sell, improve, lease and otherwise
deal in real and personal property OF
every kind and character; TO buy. erect,
manage, operate, care for and main.
tain, extend and alter or otherwise &C.
quire buildings OF ell descriptions and
the Hppurtenances thereof; to own, con-
troll, use. appropriate and otherwise
acq uire, water, water rights. bitches,
fumes, ditch rights, farming land and
ranches, with full power to sell, lease
or otherwise dispose OF the same; to
carry on and conduct any aud all char.
acter OF farming, ranchtng or mercan-
tile enterprises; to carry on the busi-
ness OF growing, producing. feeding,
:attening and generally dealing In cat
tie and other livestock of every descrip-
ton; 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
general real estate, insurance and
brokerage business and to act as agent,
broker and attOrney-i in fact for any
person or corporation; TO buy, sell,
own, vote and otherwise control shares,
stocks and bonds Of other corporations;
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 Compsny'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 desireable to
obtain. to carry out, exercise aud com.
ply with any such arrangements, rights,
privileges and concessions; and this
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, incnm-
ber and hypothecate any or all of its
property, real. and personal, and to.
perform all other deeds, acts and things
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 it be OF
like nature.
ARTICLE III The authorized capital
Hundred Thousand Dollars $500, ,000.-
OO), divided into Five Thousand (50O0),
shares of the par value of One Hun
dred Dollars ($I00 00) each, which shall
be paid for at such times and in such
manner rs 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 ot the cor.
poration. and when so issued shall be.
come and be full-paid, 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
acquired In exchange for capital stock.
No shares of capital stock shall be is-
sued until fully paid for and thereafter
shall be .assessable.
ARTICLE w. The commencement of
the corporation shall be the day these
articles are filed in accordance with
law. and the termination thereof shall
be twenty. y.tive years thereafter, with
privilege of renewal as provided by
statute. tz
ARTICLE Y The affairs OF the cor.
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-
signated by the stock holders and shall
be elected from among the stockholders
at their annual meeting tn 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
fled, the following named persons shall
be the directors: J. G.. Barnes, Ruby
G. Barnes and Harry Narcotic
ARTICLE VI. The directors shall have
power to adopt, 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 Indebted ness or liability to which
the corporation is at any time to sub
ject itself is tive thirds (Sl of the au-
thorized capital stock Of the corpora.