The border vidette., 1927-07-16

Sdlu CCTpCVdIlOu, vi IOT SdIlSlyluS III
debtedness, in payment of which,
shares of the capital stock, either pre-
| ferred or common, of said corporation
may be issued, and the capital stock
SO ssued shall tereupon and thereby
become and be fully pad up and non.
assessable forever, and, in the alb
sence of actual fraud in the transac-
ton, the judgment of the Board of Di.
rcctOrs as to the value of the property
so purchased shall be conclusive.
ARTICLE
The time of the commencement of
| this corporation shall be the date of
the filing of these Articles of Incorpo.
ration for record in the office of the
Arizona Corporation Commission and
a certified copy thereof recorded in
the office of the County Recorder of
Santa Cruz County, State of Arizona,
and a certificate of incorporation de-
livered to said company by the Ari-
iona Cnrnoratitn Commission, and
the termination thereof shall be twen-
ty-five (25) years thereafter, with the
privilege of renewal as provided by
,, law.
ARTICLE vi
The affairs of this corporation shall
be conducted by Board Of Directors
consisting of not less than three nor
more than nine members, and such
officers as the Board of Directors
may elect or appoint. The following
named persons shall constitute the
Board Of Directors until their success
Ors are elected and qualified:
T. F. Friday, T d. Boyd, Jr., and
Leslie C Hardy.
Thereafter the Board of Directors
shall be elected from among the stock.
holders at the annual stockholders
! meeting to be held on the second
Tuesday of the month of January OF
each. year. The names of the officers
who shall have charge of the corpo.
rate affairs until their successors are
elected or appointed and qualified
are:
T. F. Friday, President; T. D. Boyd
Jr.. Vice President and Treasurer
and Leslie c. Hardy Secretary.
ARTICLE VII
The Board of Directors shall have
power to adopt and amend bylaws for
/ the government of the corporation
and to fill vacancies occurring on the
Board Of Directors for any cause.
| ARTICLE VIII
Thehighest amount of Indebtedness
or liability, direct or contingent, to
| which this corporation shall be sub
ject at any cne time shall in no case
exceed Twenty-Six Thousand Six Hun
'lred and, Sixty-Six ($26, 6,6G6.00) Dol
lars.
| ARTICLE TX
! The private property of the stock
holders of this corporation shall be
exempt from all corporate debts OF
any kind whatsoever
ARTICLE x
Leslie C. Hardy, of Nogales, Santa
Luz County, Arizona, who has been
NJ f;de resident of the State OF
Arizona for at least three years, is
""eby appointed the lawful agent oi
this corporation, for and in behalf OF
this corporation to accept and ac
| knowledge service and upon whom
may be served all necessary process
or processes III any action, suit or
| ,"oceedings that may be brOnght
against this corDoration in -anv of the
| courts of the State of Arizona, and
for all pnrpnses required by law. The
Board Of Directors of this corpora tion
revoke this appointment of agent
at any time and shall have mower to
fill any vacancy in such position.
ARTICLE XI
| The names, residences and postof
| flee address of the incorporators are
/ as follows:
T. F. Friday, Nogales, Arizona; T.
d. Boyd, Jr., Nogales. Arizona, anG
| Leslie c.. Hardy, Nogales, Arizona.
IN WITNESS WHEREOF, we have
hereunto set our hands this 8th day
of June, 1927.
T. F. FRIDAY,
T. D. BOYD, JR.,
LESLIE G. HARDY.
STATE OF ARIZONA, }
| COUNTY OF SANTA CRUZ)ss.
This instrument was acknowledged
before me this 8th day of June, 1927
by T. F. Friday, T. D. Boyd, Jr., and
| Leslie G.. Hardy. known to me to be
he persons whose names are sub
scribed thereto, and who acknowl
edge to me that they executed the
same for the purpose and considera.
tion therein expressed.
| (Notarial SeaD w. w BARBEE,
Notary Public in and for the
County of Santa Cruz, State
of Arizona.
Wv commission expires February 8