The border vidette. (Nogales, Ariz.) 1894-1934, 1904-02-20

persons to do; all of which businesses
| or occupations may be carried on at
such places either in the United State S
| or foreign countries as the Board of
| Directors may consider for the best in
| terests of the corporation.
V.
The amount of the capital stock of
this corporation shall be One Million
Dollars (S1 900. O0O) divided into
One Hundred Thousand shares of the
par value of Ten Dollars (SlU) each. AT
such time and under such conditions as
the Board of Directors may direct. said
capital stock shall be paid into the
corporation, either in Cash, or by the
sale or transfer to it of real or personal
property for the uses and purposes of
the corporation, in payment of which,
shares of the capital stock shall be is
sued, and said stock, when issued, shall
be fully paid and worcestershire. The
! capital stock may be increased or de-
creased by the affirmative vote of a
majority of the stock then issued; but
in case OF the increase OF the capital
stock. each shareholder shall have the
privilege of subscribing for such num-
Der of shares of the proposed increase
as he may be entitled to according to
the number of shares held by him be-
fore the stock is increased.
vi.
The highest amount of Indebtedness
or liability. either direct or contingent.
to which this corporation is at any
time to subject itself. shall not exceed
the sum of Six Hundred and Sixty
Thousand (S660. 00O) dollars; and the
private property of the stockhold ers of
this corporation shall be exempt from
the payment of it's corporate debts
VII.
The business affairs of this corpor-
alton shall be conducted by Board of
Directors consisting of not less than
five nor more than seven members,
each of whom shall be Stockholders;
and whenever any Director ceases to be
a stockhclder he shall at the same time
cease to be Director. They shall be
elected annually by the stock holder
at their regular annual meeting which
shall be held at any of the offices of
the corporation on the rirst Monday of
December of each year, and shall hold
their Office until their successors are
elected and qualified. Any vacancy in
the Board of Directors may be filed
by the remaining members of the Board
by appointment from among the stock
holders. and such appointment shall be
Tor the unexplred term for which the
appointment is made. The first Board
of Directors shall consist of the incor-
poratorS whose names are hereto sub
scribed. A majority of the Board of
Directors shall constitute quorum for
the transaction of business.
VIII.
Within ten days after the election of
any Board OF Directors. they shall meet
at any of the offices of the company
and elect the officers of this corporation
which shall be President, a Vice.
President. a Secretary and Treasurer,
and such other minor officers or agents
IS the Board of Directors may deem
necessary for the best interests of the
corporation. The President and the
Secretary and Treasurer shall be mem
bers of the Board of Directors, and the
office of Secretary and that of Treas
nrer may both be filed by the same
Director. All the officers shall hold
their office during the life of the Board
OF directors by whom they are elected.
and until their successors are elected
and qualified, unless sooner removed
by vote of two-thirds of the direct
ors. Until the first annual meeting of
the stock holders. the following named
shall constitute the officers of this cor
poration, viz:-Richard Grid, Presi-
dent: r. G. Brady, Vice President;
Henry LEVIN, Secretary and R. c.
Davis, Treasurer.
These Articles of Incorporation may
be altered or amended at any regular
of the stock holders. or at any
special meeting called for that purpose,
by an affirmative vote of majority
of the stock then issued; and the Board
OF Directors or any three stockholders
may call meeting OF the stock holders
for that, or any other purpose not in
consistent with law, but notice of such
proposed amendment shall be given to
each stock holder, either personally or
in writing, at least twenty days prior
to the meeting at which such amend
ment shall be voted upon
IN WITH ESS WHEREOF, we have
hereunto set our hands and seals this
first day of February A D., 1904
RICHARD GIRD Seal
L. n Lr,C
r. G. BRADY Seal
r. c. DAVIS Seal
HENRY LEVIN Seal
ALEJ. JOFFROY Seal.
Territory of Arizona,