The border vidette., 1927-09-03
ARTICLE VII

The affairs of this corporation shall
be conducted by a board OF not less
than three nor more than five direct
Ors. who shall be stockholders OF the
corporation. Said directors shall be
elected Rt the annual meeting of the
stock holders, and shall serve one year,
and until their successors are elected
and qualified. The annual meeting Of
this corporation shall be held at such
place, time and hour as may be pre-
ecribed by, the bylaws of the corpora
tion. The first board of>directors shall
be elected by the incorpOratOrs, who
shall serve until their successors are
elected and qualified. II at any time q
vacancy in the board Of directors shall
occur. said vacancy may be filed by the
remaining members of the board in
Office. The person SO elected to fill q
vacancy shall serve during the unex-
pired term OF his pred decessof. Ind until
his successor is elected and qualified.
ARTICLE VIII
The officers of this corporation shall
be president. vice-president, secretary
and treasurer, and such other officers
as the board of directors may deter
mine from time to time, who shall be
elected by the board of directors i'm
medistely after each annual meeting Of
the stockholders. and shall hold Office
for one year, and until their successors
are elected and qualified. The offices
Of secretary and treasurer may be held
by the same person. In the event OF a
vacancy in any Office the board of di-
rectors may fill the same, and the per-.
son 80 elected shall serve during the
unexpired term of his predecessor, and
until his successor is elected and quail.
flied. The first officers of the corpora
tiOn, who shall serve until the 6rst an.
nual meeting of the stockholders of the
corporation, and until their successors
are elected and qualified, shall be elect
ed by the first board of directors as
soon as convenient after organization.
ARTICLE TX
The by laws Of this corporation shall
be apopted and may be amended or re.
vised by the board of directors until
and unless otherwise provided by re-
solution OF the stock holders.
ARTICLE x
The highest amount of indebtedness,
or liability. direct or contingent, to
which this corporation is at any time to
subject itself is Sixteen Thousand Six
Hundred and Sixty-Slx (Sl6. 666 00)
Dollars.
ARTICLE XI
The private property of the stock
holders OF this corporation shall for.
ever be exempt from any liability for
the debts of this corporation.
ARTICLE XII
Leslie Q. Hardy. OF Nogales. Arizona,
who has been bona 6de resident of
the State of Arizona for at least three
years, is hereby appointed the lawful
agent OF this corporation. for and IN
behalf OF this corporation to accept and
acknowledge service and upon whom
may be served all necessary process nr
processes in any action. suit or pro.
ceedings that may be brought against
this corporation in any OF the courts OF
the State of Arizona. and for all pur
poses required by law The Board OF
Directo OF this corporation may re-
woke this appointment OF agent at any
time and shall have power to fill any
vacapcv In such position.
IN WITNESS WHEREOF said par.
ties have hereunto set their hands and
seals this 3rd day of August, 1927.
LESLIE c. HARDY
CHARLES l.. HARDY (SeaD
FRED. ITULE