The border vidette., 1904-04-16

the purposes of said corporation; to manufact- electricity, obtain tights of way erect poles, string wires. and buy sell electricity; gage in and carFr general brokerage 1usi- ness; to engage in, carry on and control gen eral mercantile and real estate business, and to that end to deal in any and all commentaries of every kind and nature conducive to the success ful conduct of said business; to buy. own. tract for. feed. sell or otherwise disp"se of or handle cattle and to do and carry ail things pertaining to the cattle business; to buy, pro cure, hold own, sell, construct. equip. mort gage maintain n and operate railroads, tram ways stage-lines. automobiles, and any and all other kinds of transportation. includini, equip ments thereof and therefor for mining for trans porting, or for any other lawful or business, including boats, barges. steamships, sailing vessels and any and all kinds of water craft: to own. handle and control letters pat ent, patents, and inventions; to purchase O otherwise acquire, hold, pledge, hypotheca'e, e, sell or otherwise dispose of shares of the cap ital stock of other corporations; to borrow money and execute notes. bonds, mortgages ana deeds of trust to secure the same; do and perform all matters and things necessary. expedent proper to carry out the purposes and businesses act for which individuals may lawfully associate themselves together to perform, and to do and perform every act and thing which it is lawful for natural persons do; all of which businesses occupations may
 
 United States or foreign countries the Board of Directors may consider for the best interests of the corporation
 The amount of the capital stock af this poration shali be One Million Dollars CSI .OOO,- oOO.Oe) divided into One Hundred Thousand shares of the par value of Ten Dollars (SIO0O) each. At such time and under such conditions the Board of Directors may direct, said cap ital stock shall be paid into the corporation, either in cash or by the sale transfer to it of real or personal property for the and purposes of the corporation in payment of which, shares of the capital stock shall be sued, and said stock, when issued. shall be fully paid and non-assessable. The capital sock may be increased decreased by the affirmative vote of majority of the stock then issued; but in of the increase of the capital stock, each shareholder shall have the privilege of subscribing. for such number of shares of the proposed increase as he may be entitled to according to the number of shares held by him before the stock is in- creased.
 The highest amount of indebtedness or lia- bility, either direct contingent, to which this corporation is at any time subject itself, sha1l not exceed the sum of Two Hundred and Fifty Thousand Dollars tS250,oOo .OO;) and the private property of the stockholders of this corporation shall be exempt from the payment of it's corporate debts-
 VII
 The business affairs of this corporation shall be conducted by d Board of Directors consist ing ot not less than five nor more than seven members, each of whom shall be a stockholder: and whenever any Director ceases to be a stock holder he shall at the time to be q Director. They shall be elected annually by the stockholders at their regular annual meet ing which shall be held at any of the offices of the corporation the first Monday of Decem- Der of each year. and shall hold their office until their successors elected and qualified. Any vacancy in the Board of Directors may be filled by the remaining mem bers of the Board by appointment from among the stockholders, and such appointment shall be for the the un- expired term for which the appointment is | made The first Board or Directors shall con sist of the incorporators whose names are hereto subscribed. majority of the Board of Directors shall constitute quorum for the of business.
 VIII.
 Within ten days after the election of any | Board of Directors they shall meet at the prin- cipal office of the company. to-wIt, at Nogales, | and elect the officers of this corpor- ation, which shall be a President, n Vice-Pre- sident, a Secretary and Treasurer and such other minor officers or agents as the Board of Directors may deem necessary for the best in terests of the corporation. The President and the Secretary and the Treasurer shall be mem bers of the Board of Directors and the office of : ecretary and that of Treasurer may both be filled by the Director All the officers shall hold their offics during the Ii e of the | Board of Directors by whom they elected, and until their successors elected and | q ualified, unless sooner removed by a of two-thirds of the directors. Until the first annual meeting of the stockholders the follow ] ing named shall constitute the officers of | this corporation. to-wit: s. G. F. Rutherford, President: N. K. Noon. Vice President; w E. Hannon Treasurer. and G. K French. Secret ary-
 These Articles of Incorporation may be i altered amended at any regular meeting of tLe stockholders, at any special meeting called foe that purpose by affirmative vote of majority of tine stock then issued; and the Board of Directors any three stockholders may call q meeting of the stockholders for that, or any other purpose not inconsistent with law, bUt notice of such proposed amendment shall be given to each stUckh older. either per sonaly in writing at least twenty days prior to the meeting which such amendment shall be voted upon-
 IN WITNESS WHEREOF we have hereunto set our hands and seals this 1th day ot April, 1901.
 $. Ci. E RUTH ERFoRD Seal
 N. K. NooS Seal
 w. l. HANNoN Seal
 GEORGE K. FRENCH, Seal.