The border vidette., 1928-06-30


their shares and the accrued dividends
charged before any amount shall be
paid to the holders of the common
stock. The holders of the preferred
stock shall have no voting powers
whatsoever, nor shall they be entitled
to notice OF any m Getting OF the stock
holders OF the company. Said PREFER.
ed stock shall be subj ,ct to redemption
at One Hundred Four and no-l00
($l04.00) Dollars per share and accum.
ulated dividends thereon, at any time
after one year from the issue thereof,
at such time or in such manner as the
Board OF Directors shall determine.
ARTICLE v
The time of the commencement OF
this corporation shall be the day Of
the filing OF its articles Of incorpora-
ton with the Corporation COMMISSION
OF the State of Arizona. and the re-
cOrding of the same in the Office of the
County Recorder of Santa Cruz county.
Arizona, and the termination thereof
shall be twenty five (25) years there
after, with the privilege OF renewal as
provided by law.
ARTICLE vi
The affairs of this corporation shall
be conducted by board of not less
three nor more than seven directors,
who shall be stockholders of the cor.
poratiOn. Said directors shall be elect
ed at 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 prescribed by
the by laws OF the corporation 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 vacancy in
the board OF directors shall occur, said
vacancy may be filed by the remain.
ing members Of the board in office.
The p+ rson so elected to fill a vacancy
shall serve during the unexpired term
of his predecessor, and until his sue.
cessor is elected and qualified.
ARTICLE VII
The officers of this corporation shall
be a president, vice president, secre.
tary and treasurer, and such other Off
GERS as the board of directors may de-
termine from TIME to time. who shall
be elected by the board of directors
Immediately after each annual meeting
OF the stockholders, and shall hold
office for one year. and until their suo-
cessors are elected and qualified. The
offices OF secretary and treasurer may
be held by the same person. In the
| event OF vacancy in any Office the
board of directors may fill the same,
and the person 30 elected shall serve
during the unex xpired term of bis pre-.
decessor, and until his successor is
elected and qualified. The first officers
of the corporation who shall serve un
| til the first annual meeting of the
stockholders of the corporation, shall
be elected by the first board of direct.
ors as soon as convenient after organl,
zation.
| ARTICLE VIII
The board of directors OF this corpor
alton shall haye power to make, amend
revise and repeal the bylaws of the
company.
| ARTICLE TX
The highest amount of indebtedness,
or LIABILITY, direct. or contingent, to
which this corporation is at any time
|
sand Three Hundred Thirty aid no 1O(
1888, $3.50. .00) Dollars.
ARTICLE X
The private property of the stock
holders OF this corporation shall for.
ever be exempt from any liability fol
the debts Of this corporation.
ARTICLE XI
Charles L. Hardy, of Nogsles, Ari-
zona, who has been bona fde resident
of the State of Arizona for at least
three years, is hereby appointed the
lawful agent OF this corporation, fol
and on behalf of this corporation TO &C
cept and acknowledg ge service and upon
whom may be served all necessary pro
cess or processes in any action, suit OF
proceeding that may be brough,
against this corporation in any of the
courts of the State of Arizona. and fol
all purposes required by law. The
hoard of directors of this corporation
may revoke this appointment of agent
at any time and shall have power tC
fill any vacancy OF such position.
ARTICLE XII
| The names, residences and post Office
add resses of the lncorporators are as
follows: Adolfo L Dominguez, Rudolf(
Arvizu and AlOnzo e. Aviles, all ol
| Nogales, Arizona. ~
IN WITNESS WHEREOF we have
hereunto set our hands and seals thi.
29th day of May, A. d. 1927.
A. L DOMINGUEZ (Seal
r. A. ARVIZU (Seal
- ALONZO E. AVTLES (Seal