The border vidette. (Nogales, Ariz.) 1894-1934, 1904-03-26

ma iority 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 mum
ber 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 (S66O, 00O) dollars; and the
private property of the stock holders of
this corporation shall he exempt from
the payment of its corporate debts.
VII.
The business affairs of this corpor-
alton shall be conducted by a Board of
Directors consisting of not less than
five nor Nmore than seven members
each of whom shall be stockbolder:
and whenever any Director ceases to be
a stockholder he shall at the same time
cease to be. a Director. They shall be
elected annually by the stock holders
at their regular annual meeting which
shall be held at any of the offices of
the corporation on the Iirst 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 appoint tment from among the stock
holders, and such appointment shall be
for 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 a quorum for
the transaction of business.
VIII.
Within ten days after the election OF
any Board of Directors, they shaft beet
at any of the offices of the company
and elect the officers of this corporation
which shall be President. a Vice
President. 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 filled 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 qualified, unless sooner removed
by a vote of two-thirds of the direct
ors. Until the first annual meeting of
the stocsa olders. the following named
snail constitute the OhcerS OF this cor
poration, viz:-Richard Gird, 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, at any
special meeting called for that purpose,
by an affirmative vote of a majority
of the stock then issued; and the Board
of Directors or any three stock holders
may call a 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
meut 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
MELVILLE c. ERSKINE Seal
r G. BRADY Seal
R. c. DAVIS Seal
HENRY LEVIN Seal
ALEJ. JOFFROY, Seal.