The border vidette., 1927-07-23

said corporation, or for satisfying in
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 nom
assessable forever, and, in the abb
sence of actual fraud in the transac-
tiOn, the Judgment of the Beard of Di.
roctors asto the value of the property
so purchased shall be conclusive.
ARTICLE v
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 certificate of Incorporation de-
livered to said company by the Ari-
yonaN Corporation 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
0rs are elected and qualified:
T. F. Friday, T d. Boyd, Jr., and
Leslie G. 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:
7. r. Friday, President; r. d. Boyd,
Jr.. Vice President and Treasurer;
and Leslie G.. 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 one time shall in no case
exceed Twenty-Six Thousand Six Hum
dred and Sixty-Six ($26, ,666.0O) 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
C;'uz County, Arizona, who has been
nna fide resident of tho State Of
arizona for at least three years, Is
oreby appointed the lawful agent of
this corporation, for and in behalf of
this corporation to accept and ac-
knowledge service and upon whom
may be served all necessary process
" processes in any action, suit or
roc edings that may be brought
against this corporation in anv of tho
courts of the State of Arizona, and
'or all purposes required by law. The
Board of Directors of this corporation
~ revoke this appointment of agent
at any time and shall have mower to
fill any vacancy in such position.
ARTICLE NJ
The names, residences and postof-
flee address OF the incorporators are
as follows:
T. F. Friday, Nogales, Arizona; T.
d. Boyd, Jr., Nogales, Arizona, and
Leslie C. Hardy, Nogales. Arizona.
IN WITNESS WHEREOF, we have
hereuntO set our hands this Sth day
of June, 1927.
T. F. FRIDAY.
T. d. BOYD, JR.,
LESLIE c. 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 C. Hardy, known to me to be
',n persons whose names are sub.
scribed thereto, and who acknowl-
edge to me that they executed the
same for the purpose and considera-
ton therein expressed.
(Notarial SeaD W., w BARBEE,
Notary Public in and for the
County of Santa Cruz, State
of Arizona.
Il