The border vidette., 1928-02-04

3 SANTA CRUZ COUNTY ABST
e f. A. FRENCH, Manae
EooMMMMMMMMM&MMaSSSssSxSSssssSsssssssSsSsssSsSa: ssssssSsSsssSs
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,
i'm provement4 or enhancement OF the
value of any such stock, bonds or
other obligations. or to do any acts Of
things esigned 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 she 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 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 hts, in the State of Arizona,
and in the various other states, terri
tories, colonies, and dependencies of
| the United States, In the District Of
| Columbia, 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 corr
poration.
ARTICLE III
The capital stock Of the corporation
shall be One Hundred Thousand Dol
lars (sloo 600 oo) 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 as the Board
of Directors may designate. in cash.
| real or personal property, services,
valuable right or thing, for the uses
all shares of capital stock, when issued
and thereby become and be full-paid
the same as though paid for in cash at
par, and shall be n-assessab BILE for
ever, and the judgment of the directors
as to the value of any property, right
or thing acquired 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
OF q 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 as pro-,
vided by statute. 81
ARTICLE v
The affairs of the corporation shall
be conducted by q Board OF Directors
and such officers as the said directors
| may elect or appoint. The number of
| directors shall be designated by the
by-laws 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. I'm
| 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 8. Caward, Ross
81. Quinby. Stewart L. Crebs.
Officers: President, Harry 8. Ca
ward; Vice President Ross H. Qnin-
| by; Secretarys& Treasurer. Stewart l.
Crebs.
ARTICLE vi
The directors shall have power to
adopt, amend and rescind bylaws, 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.
ARTICLE VII
Tho highest amount of indebted ness
or liability to which the corporation
may at any one time suk jact itself, is
Sixty-six Thousand Six Humid red and
Sixty six Dollars 1866, ,666 e0);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
nOlQorS OF tnlS corporation, ana approx
ed by the corporation comm ssion of
the State of Arizona, shall not be sub
ject to the limitations herein prescrib-
ed and shall not be considered part
of the Indebtedness 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 Phoenix, Ari-
uona WIN has haan hnna IA ra-idanf