The border vidette., 1928-01-21

or IN Wnlcn the company Is In any way
interested; and to do sny other acts or
things for the preservation. protection,
Improvement or enhancemen of the
value OF any suoh stock, bonds or
other obligations, or to do any acts Of
.hings designed for apy such purpose;
Ind n nile 8 -acr Ct aIy 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.
nn.ee the pay m,.It of dividends upon
any stock, or the principal or interest
or both Of any bonds or other obliga-
tons, and the performance of any con.
tracts -.s
The business or purpose Of the COM
pany is from time to time to do any
one or more Of the acts and things
hereinsbove set forth, ard it shall have
power to cond uct and carry on it's 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 rig b. "a, in the State Of Arizona,
and in the various other states, terri
tories. colonies, and depend encies of
the United States, in the District OF
Columb bia, 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 not be held to limit or restrict
in any manner the powers Of this cor
pora!ion.
ARTICLE III
The capital stock OF the corporation
shall be One Hundred Thousand Dol
lars ($l00 600 COZ divided into One Hun.
dred Thousand shares OF the par value
of One Dollar Isl .00) each, which shall
be paid in, at such time IS 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 -assessable for
ever, and the Judgment of the directors
"a to the value of any property, right
or thing AGO uired in exchange for capi-
tai stock shall be conclusive.
ARTICLE w
The commencement OF the corpora
tion shall be the date OF issuance to it
of certificate OF incorporation by the
Arizona Corporation Commission, and
it shall endure for the full term OF
twenty five years thereafter, with pri
vtlege of perpetual succeaslon as pro-
yided 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 stockholders 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 suecessors
have been elected and have qualified,
the following named persons shall be
the officers and directors: 49,
Directors: Harry s. Caward, Ross
II. 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 to
adopt, amend and rescind by-laws, to
fill 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. @
a ARTICLE VII -
Tho highest amount of indebted ness
or liability to which the corporation
may at any one time subject itself, is
Sixty-six Thousand Six Hundred and
Sixty-six Dollars 1866, ,666. 00kprovi1ed,
however. that indebted ness 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.
"a and shall not be considered part
Of the heindebtedness so limited.
ARTICLE VIII
The private property of the stock
holders of the corporation shall be for.
ever exempt from it's debts or obliga.
tions.
ARTICLE TX
This corporation does hereby ap-
point Ned Creighton, of Phoe Xix, Ari-
zona. who has been bona fide resident
of Arizona for at least three years, its
lawful agent in and for the state Of
Arizona for and in behalf of said COM
pany. to accept and acknowledge ser.
vice Of, and upon whom may be served
all necessary process or processes in
any action, suit or proceeding that may
be had or brought against the said
company in any of the courts of said
state of Arizona, such service of pro-
cess or notice. or the acceptance there
OF by said agent endorsed thereon, to
have the same force and effect as If
served upon the president and secretary
of said company.