The border vidette., 1927-05-07
ARTICLES OF INCORPORATION
OF
CITIZENS INVESTMENT COMPANY.

H.
having associated ourselves together
for the purpose Of forming a corpora
tion under and by virtue Of 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 Nogales. Ari.
1ona, but other offices may be estab-
lished and maintained within or outside
OF Arizona at such places as the Board
OF Directors may designate. where
meetings Of stock holders aud directors
may be held.
ARTICLE II 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, opera g, 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 aud 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. ranch!ng or mercAn-
tile enterprises; to carry on the bnsi-
ness OF growing, producing. feeding,
fattening and generally dealing In cat
tie and other livestock Of every descrip-
tion; to own. control and 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 and to act as agent,
broker and attorney 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.
pons 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 undertak ings;
to enter into any arrangements with
any authorities municipal local or
otherwise that may seem conducive to
the Company 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 desirable to
obtain. to carry out, exercise and COM
ply with any such arrangements, 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 and hypothecate 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 1t 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 Certifi.
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 1t be OF
like nature.
ARTICLE III The authorized capital !
stock OF the corporation shall be Five |
Hundred Thousand Dollars $500, ,OO0.- |
00), divided into Five Thousand f5000). |
shares of the par value of One Hun
dred Dollars ($l00 00) each, which shall
be paid for at such times and in such |
manner IS the Board OF Directors pas
4eo.gnate. All or any portion OF the ]
capital stock may be issued in payment
for real or personal property, services,
or any other fight or thing OF value
for the uses and purposes OF the cor /
poration. and when so issued shall be-
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
acq uired In exchange for capital stock.
No shares OF capital stock shall be is
sued until fully paid for and thereafter
shall be on-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
statute.
ARTICLE Y The affairs OF the cor.
poration shall be conducted by Board
OF Directors and such officers as the
said directors may elect or appoint.
The number OF directors shall be de-
slgnsted 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
wear Until the first annual meeting