The border vidette., 1928-05-12


manner guaranteed by the company,
or in which the company is In any way
interested; and to do any other acts or
things for the preservation. protection,
Improvement or enhancement of the
value Of any such stock, bonds or
other obligations or to do any acts of
things designed for any such purpose;
and while owner OF any such stock,
bonds or other obligations to exercise
all the rights, powers and privileges of
ownership thereof, and to exercise any
and all voting powers thereon; to guar
antee the payment Of dividends upon
any stock, or the principal or interest
| or both of any bonds or other obliga-
tions, and the performance of any con
tracts
The business or purpose of the COM
pany is from time to time to do any
one or more of the acts and things
hereinabove set forth, and it shall have
power to conduct and carry on its said
business, or any part thereof, and to
have one or more Offices, and to exer-
else all or any of it's corporate powers
and rights, in the State of Arizona,
| dIlu III tu0 NdIOu5 OSu0E StdtcS, toTIt-
| tories. colonies, and dependencies of
the United States, in the. District Of
CoIumbia and in all or any foreign
| countries.
| The-foregoing clauses shall be con-
strued both as objects and powers; and
it is hereby expressly provided that the
foregoing enumeration of specific pow
ers shall rot be held to limit or restrict
| ha ~
poration.
ARTICLE III
| The capital stock of the corporation
shall be One Hundred Thousand Dol
lars ($100 600 OO) divided into One Hun
dred Thousand shares of the par value
of One Dollar ISL .00) each, W which shall
be paid in, at such time as the Board
of Directors may designate, in cash,
real or personal property, services,
lease, option to purchase, or any other
valuable right or thing, for the uses
and purposes of the corporation, and
all shares of capital stock. when issued
| in exchange therefor, shall thereupon
and thereby become and be full-paid
the same as though paid for in cash at
par, and shall be worcestershire for
ever. and the Judgment OF the directors
as to the value of any property, right
or thing AGO uired in exchange for capi-
tai stock shall be conclusive.
ARTICLE Nv
The commencement of the corpora
tion shall be the date of issuance to it
1 OF certificate OF incorporation by the
Arizona Corporation Commission. and
it shall endure for the full term OF
| twenty five years thereafter, with pri-
vilege of perpetual succession rs pro-
vided by statute.
ARTICLE v
| The affairs of the corporation shall
be conducted by Board OF Directors
and such officers as the said directors
may elect or appoint. The number OF
directors shall be designated by the
bylaws and shall be elected from
among the, stock holders at their an
nual meeting to be held on the second
Monday in January of each year. Un-
til the first annual meeting OF the
stock holders and until their successors
have been elected and have qualified.
the following named persons shall be
the officers and directors:
Directors: Harry s. Caward. Ross
81 Quinby. Stewart l.. Crebs.
Officers: President, Harry s. Ca
ward; Vice President, Ross H. Quin-
by; Secretary & Treasurer. Stewart L.
| Crebs.
ARTICLE vi
The directors shall have power tC
adopt, amend and rescind bylaws, tc
fiji vacancies occurring in the Board
from any cause. and to appoint from
their own number an executive com
mittee and vest said committee with
all the powers granted the directors by
these articles.
ARTICLE VII
Tho highest amount Of indebtedness
or liability to which the corporation
may at any one time sutj ject itself, is
Sixty-six Thousand Six Hundred and
Slxtysi Dollars 1896, ,666 O0);provided
however. that Indebtedness heretofore
or hereafter authorized by not less
than three quarters In interest Of the
stockholders at any regular or special
meeting. or liquidation OF the stock.
holders of this corporation, and APPROX
ed by the corporation commission OF
the State Of Arizona, shall not be sub
ject to the limitations herein preScrib
ed end shall not be considered q part
of the Indebtedness so limited.
ARTICLE VIII
The private property of the stock
holders of the corporation shall be for
ever exempt from its debts or obliga.
tions.
ARTICLE TX
This corporation does hereby ap.
point Ned Creighton, of Phoenix, Ari.