The border vidette., 1927-04-30
ARTICLES OF INCORPORATION
OF
CITIZENS INVESTMENT COMPANY

KNOW ALL MEN BY THESE PRE-
sENTS, That we, the undersigned.
having associated ourselves together
for the purpose OF forming . corpora
tion under and by vlrtne 0f the laws
OF Arizona. hereby adept the following
Articles OF Interpretations:
ARTICLE I. The name of thaa6orpor.
alton shall be: CITIZENS INVEST.
MENT COMPANY. and its principal
place of business shall be Nogaies. Ari.
8ona, but other offices may be estab-
lished and maint aimed within or outside
OF Arizona at such places rs the Board
meetings Of stock holders and directors
may be held.
ARTICLE u. Tho general nature OF
the business proposed to be transacted
shall be as follows: To purchase, own,
hold, sell, improve, lease and otherwise
deal in real and personal property OF
every kind and character; 10 buy, erect.
manage, operate, care for and main.
tain, extend and alter or otherwise &C.
Quire 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. ranching 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 sud operate cat.
tie and livestock farms. ranches and
ranges of every kind either within or
without the State of Arizona; to do q
general real estate, insurance and
brokerage business and to act as agent,
broker and xttorney.in 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, bny,
sell and deliver bills OF exchange, pro-
miss0ry notes, bonds, indentures, cou.
and securities; to give eecurity 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 aud In particular relating to
lands, buildings, business concerns.
farming. ranchlng and undertakings;
to enter into any arrangements with
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
obtain, to carry out, exercise and com-
ply with any such srrau gements, rights,
privileges and concessions; and this
corporation may purchase and sell It's
own stock. and may borrow and loan
money. execute notes and bonds, oper-
ate hotels, inns, restaurants, eating
houses; lease, sell, mortgage, incum-
ber ana hypothecate any or all OF its
property, real and personal, and to
perform al other deeds, acts and things
incident or convenient to its general
business. II Is the intention that each
OF tho 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 Certifi.
cate OF Incorporation. but that the OBJ.
jects, purposes aud 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-
tion 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 Ill.,. The authorized capital
stock OF the corporation shall be Five
Hundred Thousand Dollars 1880. .OO0.-
O0), divided into Five Thousand f5OO0).
shares Of tho par value OF One Hun
dred Dollars t8l00 00) each, which shall
be paid for at such times and in such
manner a. the Board OF Directors may
designate. All or any portion OF the
capital stock may be Issued In payment
fo1i Fea..0r personal property. s;fvices,
or any other right or thing Of value
for the. uses and purposes OF the cor.
poration. and when so issued shall be.
come and be full-psid, 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
acq quired In exchange for capital stock.
No shares OF capital stock shall be is.
sued until fully paid for and thereafter
shall be non. .xssessable.
ARTICLE ". The commencement of
the corporation shall be the day these
articles are fled in accordance with
law. and tho termination thereof shall
be twenty five years thereafter, with
privilege OF renewal as provided by
statue.
ARTICLE Y The affairs OF the cor.
porstion 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-
slgnated by the stock holders and shall
be elected from among the stockholders
81 shof, n ~, aotiuo IN ho hol6 m