The border vidette., 1928-08-04

= la Isl tI Asss HI 11IEIe.xI1 II - IL 111
at One Hundred Four and no-10C
($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 ol
the filing OF it's articles of incorpora-
tion with the Corporation Comm lsslon
of the State OF Arizona, and the re.
cording of the came in the office of the
County Recorder OF Santa Cruz county
Arizona, and the termination thereof
shall be twenty Eve (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 stock holders of the cor
poration. Said directors shall be elect.
ed at the annual meeting of the stock
until their successors are elected and
qualified. The annual meeting of this
corporation shall be held at such place,
time and hour ss 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 a vacancy in
the board of directors shall occur, said
vacancy may be filed by the remain
ing members of the board in office.
The person so elected to fill 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 suc-
cessors are elected and qualified. The
offices of secretary and treasurer may
be held by the same person. In the
event OF q vacancy in any Office the
board of directors may fill the same,
and the person so elected shall serve
during the unexpired term of his pre-
decessor. and until his successor is
elected and qualified. The rstoffcers
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 .organi
zation.
ARTICLE VIII
The board of directors of this corpor
alton shall have power to make. amend
revise and repeal the by laws of the
company.
ARTICLE TX
The highest amount of indebtedness,
or liability, direct, or contingent, to
which this corporation is at any time
to subject itself is Thirty Three Thou
sand Three Hundred Thirty aid n0-lOO
1888, $50. 00) Dollars.
ARTICLE x
The private property of the stock
holders OF this corporation shall for
ever be exempt from any liability for
the debts of this corporation.
ARTICLE XI
Charles L. Hardy, OF Nogales, Ari-
zona, who has been bona fide resident
of the State of Arizona for at least
three years, is hereby appointed the
lawful agent OF this corporation, for
and on behalf of this corporation to &C.
cept and acknowledge service and upon
whom may be served all necessary pro-
cess or processes in any action, suit or
proceeding that may be brought
against this corporation in any of the
courts of the State of Arizona, and for
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 to
fill any vacancy OF such position.
ARTICLE XII
The names, residences and post Office
addresses of the lncorporators are as
follows: Adolfo L Domtnguez, RudolfO
Arvizu and Alonzo e. Aviles, all of
Nogales, Arizona.
IN WITNESS WHEREOF We have
hereuntO set our hands and seals this
295h day of May, A. D. 1927.
A l. DONINGUEZ (Seal)
r, A. ARVIZU (Seal
ALONZO E. AVTLES (Seal)