The border vidette., 1930-12-06

6SSlgnmenC TO the corporation OF Qrup-
erty. property rights or interests there
in, real or personel, for the uses and
purposes of the corporation, and in
payment for which. shares OF the capt
tai stock OF the corporation may be
issued, and such stock 30 issued shall
thereupon and thereby beoome and be
fully paid up and worcestershire, aud
In the absence Of actual fraud Ia the
transaction, the jn1gm snt OF the Boa d
OF Directors as to the value Ut the SER
vices rendered or property purchased
shall be conclusive.
ARTICLE VI
The time OF the commencement o?
this corporation shall bs the date uf
the issuance to it by the Arizona Cor
poration Commission OF b certijcate OF
Incorporation. and the termination
thereof shall be twenty Eve years there
after, with the power of renewal as pro-
vided by law.
ARTICLE VII
The management aud conduct of the
business, property. and affairs o! tho
corporation shall be vested in aud con
Quoted by Board of Directors OF not
~ persons, and all directors, except in
case of vacancies, shall be elected at
the annual meeting of Stockholders
except the first bo.rd, which Is chosen
as In these articles hereinafter set
forth. The officers of the~ company
shall consist Of q president, vice presi
dent, secretary and treasurer, aud suoh
other officers as the Board OF Directors
shall deem expedent, aud all ahsll 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 bs held by
the same person Both officers aud
directors shall hold their Offices for the
period OF one year from and after cleo
tion and qualification and until their
successors are elected and qualified. un-
less removed by the Board. Tho 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 or vacancies shall hold
his Office until the next regular meet
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 in each year COM
menciDg with the year 1882.
ARTICLE TX
The incorporators shall name the
persons who shall constitute the first
Board of Directors and when so 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
fled,
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 oause to be
executed mortgages. debentures and
other obligations which shall be liens
upon the property and franchises of
the corporation, aud, 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 stockholders
ARTICLE XI
The stock holders and members of
this corporation and their private prop
erty shall be exempt from any liability
for the debts Of this corporation.
ARTICLE XII
The indebtedne of this corporation
shall at no time exceed the sum OF Sixty
Six Thousand 1853 900 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
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, 1880.
VICTOR J. WAGER,
@. G. CRENSHAW,
S. G. JUNG.
STATE OF ARIZONA, tx
County of Santa Cruz,
This instrument was acknowled ged
before me this 22d day Of November.
1880, by Victor Wager, G. G. Cren-
shaw and S. G. Jung, who stared to me
that they executed the same for the
and consideration therein ex.
pressed.
DUANE BIRD,
(Seal) Notary Public.
My commission expires Dec. 5, 1882.
nYd nlH Ynnd hnnM