The border vidette., 1930-12-20

from Lime to tifn5 40 90 any cue o1
more or all OF the acts aud things
hrrsin. net forth. at 4 a'l suca other
acts things and BUSINESS or businesses
IN any m amer e.jnDecred the cswli hs'or
nece. sary, incidental, con venieut or
auxf.ia y thereto nr calculated duEectly
To promote the Interests of the corpora
tiOn or elhRnce the vIue of or render
fproftabls any of iLs property Jr rights,
as such a corporation nay lawfully 90;
aud In carrying on its business. or Tor
tue purpose OF attaining or fur.hering
any OF its objects, to do ant and all
things AMI 6o exercise ,ely ana all
other ~ ,wyrs whicn, 4 g, p.r:nerehlp
or nttural person coud do aud eXer-
else. a1d which now Or here s:er may
ba authorized by law ana either as, or
by and through princip,!s agents, at-
ltOrueys, trustees, contractors, factors.
| lossOrs lessees. or othe, wise. either
| alone or in conjunction with onaers IN
any part Of the word; aad in addidion
TO have and to exercise all the fightss
/ powers and privileges now r,hsreafter
! belonging to orsconiersed .Appn c9rpQr-
atiOUs organized under the pruvlslous
of the law authorizing thelornationf OF
such corporations. ara
ARTICLE v
:. The authorized ampunt OF the ceptal
stock of this corporations Absl b. One
HIND red Thousand ($lo0 600 00) Dol
| lars. divided into One thousand (t000)
4 shares t1f the par valtleeT O1e HuhnSed
| (31O0. .O0( Dallars each. Upon. sob
.scription therefor sail capital stock
shall be paid into the corporation In
sitch manner and upon such terms as
the Board OF Direct5rs may dx Ia cash.
! ser sicoa, or by, the sale, transfer and
assignment tu:the corporation of prop
4 erty, property rights o: intoE aets there
In, re Al or persOn.l, for the uses end
purp ,ses of the corporation, and in
pay ment FOR which. shares OF the cspi-
ia; stock ol the corpor ition may be
issued, ard such stock 90 iksued shall
thereupon and thereby besnme and DO
fully paid up and worcestershire. and
In the absence af actual fraud In the
transaction, ths ju lgmenL OF the Boa
uf Directors as to the value Vt the SER
vices rendered or property purchased
shall be conclusive.
! ARTICLE Vt
4 The time OF the 6om mencement OF
this corporation shall be the date OF
1.-the issnance to it by the AriZona Cor
poratiOn Commission Of certificate or
Incorporation. aud thu Lsrm mnation
thereof shall be twenty FIVE years there
after, with the powet Of reaoSal as pro-
vided by law.
! ARTICLE VII
The management and conduc. OF the
business aproperty, and affairs of the
corporation shall be vested in and con-
| Quoted by a Board OF. Directors OF not
less than three g. nor more than seven
(7) ,persons, and al directors, except in
case OF vacancies. shall be elected at
the annual mestlng OF stock kholders,
lexcept the FIRST board, which Is chosen
as. In these articles hereinafter set
forth. The officers of .,the company
! shall consist OF u president. vice presi-
dent, secretary aud treasurer, andssuch
J other officers as the Board ot Dir ectorg
! shaH eem,expedent. and all. shall be
elected or appointed by the Board of
y Directors Any two or more Cffices,
the dnRies of the incu mbentgo Of which
are not inconsistent. may be held by
the same person B 9TH officers aud
directors shall hold their off ses for the
; period OF one year from and alter cleo
, zion and qualification and until their
successors are elected and q ualifed, un-
I loss removed by the Board. The Dr.
rectors shall have the right TO fill any
Vacancy occurring in the RoarG by
. death. resignation or otherwise, and
thepersnrt or persons elected to fiji any
such vacancy &or. vacancies shall hold
! his Office until the next; regular arsmeet-
ing Of stockholders. .
ARTICLE VIII
The regular meeting Of the stock
holders shall be held. at the principal
!. Office OF the corporation on the third
Monday In January 10 each yesr COM
mencing with the year 1882.
~ ARTICLE TX
The inc,rporators shnll name the
persons who shall constitute the drst
Board OF Directors and when so elected
. by the incorp0r atOrs said members Of
the Board shall serve until the first
: annual stock holders meeting and unSil
their successors are elected and quail
lied.
7 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
OtuOT w ulCu 6uhII UC iIohu
upon the property and franchises of
, the corporation. and, In general to ex-
ercise ell the powers and authority of
the company not expressly withheld
from said Board by law, or by these
Articles OF Incorporation. or by the
affirmative action OF the ockholders.
ARTICLE Xl
The sto,k olders and mem bers oi
this 'rporatton and their private prop
/, erty shall be exempt from any liability
, for the debts ofthis corporation.
ARTICLE XII s
, The indebtedness of this corporation
shall at no time exceed the sum OF Sixty
! Six Thousand 1866 600 OO) Dollars.
, ARTICLE XIII
Ebert r. Thurman Of Nogales, Ari.
, zona. who has been bona fide resident
, OF the State OF Arizona for at least
: three years. is hereby appointed the