The border vidette., 1931-01-03

acts, things and business or businesses
in any manner connected Herewith, or
necessary, incident tai, 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 it's property or rights.
as such a corporation may lawfully do;
and in carrying on its business, or for
the purpose Of attaining or furthering
any Of its objects, to do any and all
things and TO exercise any and all
other powers which co partnership
or natural person could do and exer-
else, aud which now or hereafter may
be authorized by law, aud either as, or
by and through principals, agents, at
torneys, trustees, contractors, factors.
lessons, e, lessees, or otherwise, either
alone or in conjunction with others in
any part Of the word; and in addition
to have and to exercise all the rights,
powers and privileges now or hereafter
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 One
Hundred Thousand (Sl0O00O CO., Doll,
lars, divided into one thousand (l000)
shares OF the par value OF One Hundred
($1O0 .00) Dollars each. Upon sub
scription therefor said capital stock
shall be paid into the corporation in
such manner and upon such terms as
the Board OF Directors may fix in cash,
services, or by the sale, transfer aud
assignment to the corporation OF prop
erty, property rights or interests there
in, real or personal, for the uses and
purposes of the corporation, and in
pay ment for which, shares of the capf
tai stock OF the corporation may De.
issned, ard such stock so issued srsll
thereupon and thereby become and be
fully paid up and worcestershire. and
in the absence Of actual fraud in the
transaction, the judgment of the Boa
OF Directors as to the value Ut the SER
vices 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
HOI6tlOn I'll d CCTtluCdUO VI
and the termination
thereof shall be twenty five years there
after, with the power OF renewal as pro-
vided by law.
ARTICLE VII
The management and conduct Of the
business, property, and affairs OF the
shall be vested in and con-
Quoted by Board of Directors Of not
less than three l3) nor more than seven
~ persons, and all directors, except In
case Of vacancies, ehall 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 and treasurer, and such
other officers as the Board OF Directors
shall deem expedient, and ali shall be
elected or appointed by the Board of
Directors Any two. or more Offices,
are not inconsistent, may be held by
shall hold their Offices for the
period Of one year from and after elec-
tion and 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 Board by
DEATH. resignation or otherwise, and,
the person or persons elected toa6ll 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 thes third
In Jsnuary in each year COM
with the year 1882. 80,
ARTICLE TX
The incorporators shall name th0
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 stock holders meeting and until
their successors are elected and quail
lied.
ARTICLE x
The Board OF Directors shall have
the power to make and alter the by
laws of the corporation; to fix the
8mOuQG JO % T0S6TV0u HS WOIhluk Cdp-
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, 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 tho
affirmative action of the stock holders.
ARTICLE XI
The stock holders and nam 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 corporation
shall at no time exceed the sum Of Sixty
Six Thousand 1855 600 0O) Dollars.
ARTICLE XIII
Ebert R. Thurman of Nogales. Ari.
zona. who has been bona fide resident
OF the State OF Arizona for al 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-