The border vidette., 1930-12-13

| erCys properly rights Or interests tnerO-
| in, real or personal, for the uses and
purposes OF the corporation, and in
! pay ment for which, shares of the capt.
tai stock OF the corporation may be
| issned, ard such stock 30 issued shall
thereupon and thereby become and be
fully paid up and non-assessab!e, and
ia the absence Of actual fraud in the
transaction, the jnigmant OF the Boa
OF Directors as to the value of the SER
vices rendered or property purchased
shall be conclusive.
ARTICLE VT
The time OF the com nencement o;
this corporation shall be the date OF
the issuance to it by the Arizona Cor
| pOratiOn Commission OF certificate of
Incorporation, and the srm'nation
thereof shall be twenty Ave years there
after. with the power of rene val as pro-
vided by law.
ARTICLE VII
The management and conduct of the
business. property, and affairs of the
corporation shall be vested ia and con
Quoted by Board of Directors OF not
less than three ~ nor more than seven
| "a persons. and all directors, except in
case Of vacancies, shall be elected at
the annual meeting of stockholders
except the first board, which is chosen
as in these articles hereinafter set
forth. The officers OF the company
shall consist of president. vice presi-
dent, secretary aud treasurer, and such
other officers as the Board OF Directors
| shall deem expedient, and all shall be
| elected or appointed by the Board of
Directors Any two or more offices
| the duties of the incumbent of which
are not Inconsistent, may b, held by
the same person Both officers and
directors shall hold their Offices for the
period OF ono year from and after eiec-
tlon &nd qualification and until their
successors are elected and qualified, un
less removed by the Board. The Di-
rectors shall have the right to fill any
vacancy occurring in the Roard by
death, resignation or otherwise, and
the person or persons elected to fill any
such vacancy cr vacancies shall hold
MS Office until th: next regular meet
;'"g 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 in each year com
mencing with the year 1882.
ARTICLE TX
The ineorporators shall name the
persons who shall constitute the first
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
icd,
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
affirmative action of the stock holders.
ARTICLE NJ
The stockholders aud members Of
this corporation and their private prop
erty shall be exempt from any liability
for the debts of this corporation.
ARTICLE XII
The indebtedness of this corporation
shall at DO time exceed the sum of Sixty
Six Thousand 1866 900 O0) Dollars.
ARTICLE XIII
Ebert r Thurman OF Nogales. Ari-
zona, who has been q bona fide resident
OF the State OF Arizona for at least
three years. is hereby appointed the
lawful agent of this corporation, for
and in behalf of it to accept
and acknowledge service and upon
whom may be served all necessary pro.
cess or processes in any action, suit
or proceedings that may be brought
against this corporation in any Of the
courts OF the State of Arizona, and for
all purposes required by law.
IN WITNESS WHEREOF, we have
hereuntO set our hands this 22nd day
OF November, 1889.
VICTOR J. WAGER,
O. G. CRENSHAW,
S. G. JUNG.
STATE OF ARIZONA,
County Of Santa Cruz, %
This instrument was ack knowledged
before me this 22d day OF November
1880, by Victor J Wager, G. G Cren-
shaw and S. c. Jung, who stared to me
that they executed the same for the
purposes and consideration therein ex.
pressed.
DUANE BIRD,
(Seal) Notary Public.
My commission expires Dec. 5, 1882.
AnM Rlea nAoH NmWaD