The border vidette. (Nogales, Ariz.) 1894-1934, 1904-03-19

persons to do: all of which businesses
or occupations may be carried gu at
such places either in the United State =
or foreign countries as the Board of
Directors may consider for the best in
terests of the corporation.
The amount of the capital stock of
this corporation shall he One Million
Dollars 81 600 000) divided into
One Hundred Thousand shares of the
par value Of Ten Dollars $40 each. At
such time and under such conditions as
the Board of Directors may direct said
capital stock shall hc paid ,ni" The
corporation. either in cash, or by the
sale or transfer TO it Of Zeal 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
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 mum
Der of shares of the proposed increase
as he may be entitled to accord ling 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 contin gent.
to which this corporation is at anv
time to subject itself. shall not exceed
the sum of Six Hundred and Sixty
Thousand (S660, 000) dollars: and the
private property of the stock holders of
this corporation shall be exempt from
the payment of its corporate debts
VII.
The business affairs of this corDor-
alton shall be coud ucted by a Board of
Directors consisting of not less than
hve nor more than seven members,
each of whom shall be a stock err:
and Whenever any Director ceases to be,
n stakeholder 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 he held at any of the offices of
the corporation on the first 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 filled
by the remaining members of the Board
by appointment from among the stock
holders, and such appointment shall be
for the unexpired 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 shall meet
at any of the offices of the comrany
and elect the officers of this corporation
which shall be President. Il Vice
PRESIDENT, Il Secretary and a 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.
aud until their SUCCESSORS are elected
and qualified. unless sooner removed
by Il 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: II. G.. Brady. Vice-P President
Henry Levin, Secretary and R. c.
Davis, Treasurer.
TX.
These Articles of Incorporation may
be altered or amended at any regular
meeting 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 ockholders
may call meeting OF the stockholders
for that, or any other purpose not in
consistent with law, but notice of such
proposed amendment shall be given to
each stakeholder, 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 \ D., 1904.
RICHARD GIRD Seal
MELVILLE c. ERSKINE Seal
r. G.. BRADY Seal
r. c. DAVIS Seal
HENRY LEVIN Seal
ALEJ. JOFFROY, Seal
Territory of Arizona.
County OF Santa Cruz.
Before me, Frank J. Duffy. Notary
Public in and for the county of Santa
Cruz, Territory of Arizona. on this
day personally appeared Melville c.
Erskine. r. G- Brady, G. Davis