The border vidette., 1927-02-12
ARTICLES OF INCORPORATION
OF
CITIZENS INVESTMENT COMPANY.

sENTs, That we, tie undersigned,
having associated ourselves together
for the purpose of forming corpora
tion under aud by virtue uf the laws
of Arizona, hereby adopt the following
Articles of Incorporation:
ARTICLE I. The name OF the corpOr-
alton shall be: CITIZENS INVEST.
MENT COMPANY. and its principal
place of business shall be NogaIes. Ari
zona, but other offices may be estab-
lished and maini aimed within or outside
OF Arizona at snch places as the Board
CT Directors may designate. where
meetings of stock holders and directors
may be held.
ARTICLE i. The general nature OF
the buslneHs propOeed to be transacted
shall be rs follows: TO purchase, own,
hold, sell, improve, lease and otherwise
deal in real and personal property of
every kind and character; to bny, erect,
manage, operate, care for and main
tain, extend and alter or otherwise &C.
q uire buildings Of all descriptions and
the appurtenances thereof; to own, con.
troll, use, appropriate and otherwise
acquire, 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 and all char.
acter OF farming, ranchtng or mercAn-
tile enterprises; to carry on the busi-
ness of growing. producing. feeding
fattening and generally dealing In cat
tie and other livestock of every descrip-
tion; TO own, control aud 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 aud to act as agent,
broker and attOrneyin 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.
psns 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;
any authorities municipal, local or
otherwise that may seem conducive to
the Company's objectives 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
ply with any such arrangements, rights,
privileges and concessions; and this
corporation may purchase and sell its
own stock. and may borrow and loan
money, execute notes and bonds, Oper.
ate hotels, inns, restaurants, eating
houses; lease, sell, mortgage, incum-
ber and hypothecste 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
OF 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 Certif-
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
stock of the corporation shall be Five
Hundred Thousand Dollars $500, ,O00.-
OO), divided into Five Thousand t50O0j.
shares of the par value of One Hun
dred Dollars (SlOO OO) each, which shall
be paid for at such times and in such
manner as 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 OF the COR
pOTdtIOu, duu Wucu 81 lSSuCu SuhII Uo~
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 non .assessable.
ARTICLE ". The commencement of
the corporation shall be the day these
articles are filed in accordance with
law. and the Termination thereof shall
be twenty-five years thereafter, with
privilege of renewal as provided by
stature.
ARTICLE Y The affairs of the corr
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 to be held on
the third Tuesday in January of each
year. Until the first annual meeting
of stock holders and until their success