The border vidette., 1927-06-25


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-
roctors as to 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
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-
7ona CorDoratiGa Commission, and
the termination thereof shall be twen-
ty-five (25) years thereafter, with the
privilege Of renewal as provided by
law
ARTICLE VI
Tho affairs of this corporation shall
he conducted by q 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 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 havc charge of the corpo-
rate affairs until their successors are
elected or appointed and qualified
are:
7. r. 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 che time shall in no case
exceed Twenty-Six Thousand Six Hun
Ired and Sixty-Six ($26, ,666.001 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 K
Lccle c. Hardy, of Nogales, Santa
: uz County, Arizona, who has beer
~" f'de resident of the State o
Arena for at least three years, Is
.,>~ahv appointed the lawful agent Of
this corporation, for and in behalf o
this corporation to accept and &C
| knowledge service and .upcn whom
may b. served all reaessary rrnccsc
~ processes in any acton, suit OF
'"oc edings that may be brorgh
against this cornora'ion in anv of t''r
courts of the State of Arizona, ani
e~r oil pnrnnses required by law The
Board of Directors of this corporatior
w revoke this appointment of agen
at any time and sha'l ha"r rower tC
fill any vacancy in such position.
ARTICLE XI
The names, residences and postof
fee address of the incorporators are
as follows:
T. F. Friday, Nogales, Arizona; T
/ d. Boyd, Jr., Nogales. Arizona, ant
Leslie G. Hardy, Nogales. Arizona.
IN WITNESS WHEREOF, we have
hereunto set our hands this 8th day
of June, 1927.
T. F. FRIDAY,
#. D. BOYD, JR.,
| LESLIE C. HARDY.
STATE OF ARIZONA,
| COUNTY OF SANTA CRUZ)ss.
This instrument was acknowledged
before me this Sth day of June, 1927
by T. F. Friday, T. D. Boyd. Jr., anG
Leslie G. Hardy, known to me to bt
he persons whose names are sub
ccribed thereto, and who acknowl
edge to me that they executed tht
same for the purpose and considera
ticn therein expressed.
| (Notarial SeaD w. w BARBEE,
Notary Public in and for the
County of Santa Cruz, State
of Arizona.