The border vidette., 1928-02-18
manner guaranteed by tho company,


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manner guaranteed by tho company,
or in which the company Ia In any way
interee ted; snd to do any other scts or
things for the preservation. protection,
Improvement or enhancement OF the
value OF any such stock. bonds or
other oblig atoms. 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 obiiga-
tions, and the performance of any con
tracts
: The business or purpose OF the COM
paRy is from time TO time to do any
one or more Of the acts and things
hereinebove> 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 oil or any OF It's corporate powers
and rights, In the State OF Arizona,
and in the various other states, terri
tories, colonies, and depend 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; snd
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
poration.
ARTICLE I'll
The capital stock of the corporation
shall be One Hundred Thousand Doll
lars ($100 600 00) divided into One Hun
dred Thousand shares OF the par value
OF One Dollar (S1 .00l each, 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 end be full-paid
the same az though paid for ia cash at
par, and shall be- -assessable for
ever. and che judgment OF the directors
ss to the value OF any property, right
or thing acquired in exchange for capi-
tai stock shall be conclusive.
s. ARTICLE Nv
The commencement OF the corpora
tion shall be the date of issuance to 1t
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 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 successors
have been elected and have qusliGed.
the following named persons shall be
the officers and directors:
Directors: Harry 8. Csward, Ross
Il. 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 bylaws, to
fill vacancies occurring ia the Board
from eny cause. and to appoint from
their own number en- executive COM
mittee and vest said committee with
ell the powers granted the directors by
these articles.
ARTICLE VII
Tho highest amount OF ind ebtedness
or liability to which the corporation
may ct any one time subject itself, is
Sixty-six Thousand Six Hundred and
Slxty-six Dollars 1886, ,666 00l;provided,
however, that indebtedness heretofore
Or hereafter authorized by not less
than three-,quarters In interest of the
stockholders at eny 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. ,
jeot to the limitations herein prescrib-
ed and shall not be considered part
Of the indebtedness 80 limited.
ARTICLE VIII
The private property Of the stock
holders OF the corporation shall be for.
ever exempt from its debts or cbliga-
tions.
ARTICLE TX
This corporation does hereby ap-
point Ned Creighton, Of Phoe nix, Ar;-
Zona. who has been bona fide resident
of Arizona for at least three years, its
lawful agent In snd fer the state Ct
for and in behalf oF sara com.
pany, TO accept and acknowledge soy
vioe OF, and upon whom may be served
al necessary process Or processes in