The border vidette., 1930-12-27

more or all Of the acts and things
herein set forth, and oil such other
acts, things and business or businesses
in any manner connected Herewith, or
necessary, incidental convenient or
auxiliary thereto or calculated directly
to promote the interests OF the corpora.
tion or enhance the value OF or render
profitable any of its property or rights,
as such q corporation may lawfully do;
and in carrying on its business, or for
the purpose of attaining or furthertng
any OF its objects. to do any and all
things and TO exercise any and all
other powers which "a co partnership
or natural person could do and exer-
/ else. and which now or hereafter may
be authorized by law, and either as, or
by and through principals, agents, at
tOrneys, trustees, contractors, factOrs.-
lessons, 1essees. or otherwise, either
alone or in conjunction with others in
! any part OF the world; and in addition
to have and to exercise all the rights,
! powers and privileges now or hereafter
J belonging to or conferred upon corpor-
ations organized under the provisions
of the law authorizing the formation Of
such corporations.
ARTICLE V
The authorized amount of the capital
stock of this corporation shall be- Ono
Hundred Thousand ($l00 600 00) Dol
lars, divided into one thousand (lO00)
shares OF the par value Of One Hundred
| (3100 .00) Dollars each. Upon sub
/ scription therefor said capital stock
| shall be paid into the corporation in
such manner aud upon such terms as
| the Board of Directors may fix in cash,
seryices, or by the sale, transfer and
! assign nment to the corporation OF prop
| erty. property rights or interests there
| in, real or personal, for the uses and
purposes of tho corporation, end in
| pay ment for which, shares of the capt.
tai stock OF the corporation may be
| issued, AID such stock so issued shall
thereupon and thereby become and be
! fully paid up and worcestershire, and
| ln the absence Of actual fraud Ia the
! transaction, the judgment of the Boa d
OF Directors as to the value of the SER
vioes rendered or property purchased
| shall be conclusive.
ARTICLE vi
The time OF the commencement OF
this corporation shall be the date OF
the issuance to it by the Arizona Cor
| pOration Commission OF certificate OF
| Incorporation. and the termination
thereof shall be twenty five years there
| alter, with the power of renewal as pro-
vided by law.
ARTICLE VII
| The management and conduct Of the
| business, property, and affairs OF the
| corporation shall be vested in and con-
Quoted by Board OF Directors OF not
less than three t3) nor more than seven
| ~ persons. and all directors. except In
case OF vacancies, shall be elected at
the annual meeting of stockholders.
as In these articles hereinafter set
forth. The officers Of the company
shall consist of president, vice presi-
dent, secretary and treasurer, and such
other officers as the Board OF Directors
shall deem expedent, and all shall be
elected or appointed by the Board Of
Directors Any two or more offices,
| the dHties of the cumbent of which
are not inconsistent, may be held by
the same person Both officers aud
directors shall hold their Offices. for the
period OF one year from and after eleo-
tion and qualification and until their
successors are elected and qualified, Nh
less removed by the Board. The Di-
rectors shall have the right to gil any
vacancy occurring in the Board by
death, resignation or otherwise, and
the person or persons elected TO fill any
| such vacancy or vacancies shall hold
his Office until the next regular meet
ing of stock holders.
ARTICLE VIII
The regular meeting Of the stock
| h~ll las IL. h. ~ ~
office OF the corporation on the third
Monday In January in each year COM
mencing with the year 1882.
ARTICLE TX s
The iucorporators shall name tho
persons who shall constitute the fret
Board Of Directors and when 80 elected
by the incorporators said members of
the Board shall serve until the first
annual stockholders' meeting and until
their successors are elected and quail
fed.
| ARTICLE X
The Board OF Directors shall have
the power to make and alter the by
laws of the corporations; to fix the
amount to be reserved as working cap
| ital, and to authorize and cause to be
executed mortgages. debentures and
other obligations which shall be liens
upon the property and franchises OF
the corporation, and, In general, to ex.
ercise all the powers and authority OF
the company not expressly withheld
from said Board by law, or by these.
Articles of Incorporation. or by the
affirm stive action OF the stock holders.
ARTICLE XI
The stook h olders and memb bers Of
this ,rporation and their private prop
erty shall be exempt from any liability
for the debts of this corporation.
! ARTICLE XII
The Indebtedness of this corporations
shall at no time exceed the sum of SixW
Six Thousand 1865 coo 00) Dollars.
ARTICLE XIII
Ebert R. Thurman of Nogales. Ari.
zona, who has been a bona fide resident
OF the State OF Arizona for at least
three years, is hereby appointed the
| Iawful aDent of this cOrDOration for