The border vidette., 1927-09-03

under and by virtue OF the laws OF the
State OF Arizona.
ARTICLE w
The amount OF the capital stock of
this corporation shall be Fifty Thous-
and Dollars 1850, ,O00.00) divided into
i've hundred shares of the par value of
One Hundred Dollars ($l00.00) each.
The Board OF Directors may cause
said, capital stock, or any part thereof,
to be subscribed or paid for in cash or
upon installments, in the purchase or
exchange or transfer OF real or personal
property OF whatsoever kind or char
acter, or for services rendered, and to
issue or cause to be issued, any part or
all of the capital stock as required at
any time. or from time to time, and
when SO issued. said capital stock is to.
be considered fully paid and non assess
able. and, in the absence of actual
fraud, the judgment OF tho Board of
Directors as to the value of the proper
ty purchased, transferred or exchang-
ed. or services rendered, shall be con-
elusive.
ARTICLE v
The time of the commencement of
this corporation shall be the date of
the filing of these Articles of [ncorpor-
alton for record in the Office of the
Arizona Corporation Commission and
certified copy thereof recorded IN the
Office of the county recorder of Santa
Cruz county. State OF Arizona, and the
termination thereof shall be twenty-five
(25) years thereafter. with the privilege
of renewal as provided by law.
ARTICLE vi
The affaire of this corporation shall
be conducted by the Board OF Directors
consisting of not less than three nor
more than FIVE members and such Off
GERS as the Board of Directors may
elect or appoint. Until otherwise pro-
vided. the Board of Directors shall con-
sist of three persons. namely: W. G..
Mitchell, John f. keenan, aud Paul
Mccarthy, who shall constitute the
Board of Directors until their success
eors are elected and qualified.
Thereafter, the Board OF Directors
shall be elected from among the stock :
holders, at the annual stock holders
meetings to be held the third Mopday
of the month OF July, OF each year
hereafter. The Board of Directors
named in these articles shall elect from
their members, the officers who shall
have charge of corporate affairs until
their successors are elected and quail
flied.
ARTICLE VII
The highest amount of indebtedness
or liability. direct or contingent. to
which this corporation shall be subject
at any one time. shall not in any case
exceed Thirty Thousand Dollars $3.50.
600 COY.
ARTICLE VIII
The Board OF Directors shall have
the power to adopt and amend by-laws
for the government of the corporation
and to fill vacancies occurring on the
Board of Directors for any cause.
ARTICLE TX
The private property of stock holders
OF this corporation shall be exempt
from all corporate debts OF every kind
whatsoever.
ARTICLE x
Bonsall Noon, of Nogalee. Santa Cruz
county, Arizona, who has been bona
fide resident Of the State of Arizona
pointed the lawful agent of this COR
poration to accept and acknowledge
service and upon whom may be served
all necessary process or processes in
any action, suit, or proceedings that
may be brought against this corpora.
ti0n in any Of the courts of the State
of Arizona, and for all purposes re.
quired by law. The Board OF Direc.
tors of this corporation may revoke
this appointment of agent at any time
and shall have power to fill any vacancy
in such position.
ARTICLE XI
The names, residences and post Office
addresses of the inc0rpOrat0rs are as
follows:
w. c. Mitchell, San Diego Hotel, San
Diego, California.
San Diego, California.
. John F. keenan,, 2lO2 La Jolla ST.,
Paul Mccarthy, 2435 ''B" St, San
Diego, California.
IN WITNESS WHEREOF, we have
hereunto set our hands this 14th day
OF July. 1927.
W. c. MITCHELL
JOHN F. KEENAN,
PAUL MCCARTHY