The border vidette., 1904-04-30

tract for. feed, sell or otherwise dispose of or handle cattle. and to do and carry all things pertaining to the cattle business: to buy pro cure. hold. own. sell. construct. equip. mort gage. maintain and operate railroads. tram l ways stage-lines. automobiles and any and all other kinds of transportation. including equip- ments thereof and therefor for mining for trans porting. or for any other lawful use or business. including boats barges. steamships. sailing vessels and any and all kinds of water craft; to own, handle and control letters nat | ent. patents. and inventions; to purchase or otherwise acquire. hold, pledge, hypotheca.e. 1 sell or otherwise dispose of shares of the cap i ital stock of other corporations; to borrow money and execute notes. bonds, mortgages and deeds of trust to secure the same' to do and perform all matters and things necessary. cxpedient or proper to carry out the purposes; and D sinesses act for which indi viduals may lawfully associate themselves together to perform, and to Q and perform every act and thing which it is lawful for natural persons to do; all of which businesses occupations may be carried on at such places aither in the United States ar foreign countries the Board of Directors may consider for the best interests of the corporation.
 The amount of the capital stock of this cor poration shall be One Million Dollars (S1 .OOO,- 0OOoc) divided into One Hundred Thousand shares of the par value of Ten Dollars (SI0.00) each. At such time and under such conditions
 
 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. Tho capital stock may be increased decreased by the affirmative vote of q 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 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 Iia- bility, either direct contingent, to which this corporation is at any time to subject its If sha Il not exceed the sum of Two HundreI Fifty Thousand Dollars tS250 O0O.OO) and the priv te property of the stockholders of this corporation shall be exempt from the payment of its corporate debts
 VII
 The business affairs of this corporation shall bc conducted by Board of Directors consist ing of not less than five more than seven members each of whom shall be a stockholder: and whf never any Director ceases to be a stock holder he shall at the same time cease to be a 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
 
 Der of each year, and shall hold their office until their successors elected and qualified d. Any vacancy in the Board of Directors may be filled by the remaining members of the Board by appointment from among the stockholders. and such appointment shali be for the the un- expired term for which the appointment is made The first Board oi Dirccror shall con- sist of the incorporators whose are hereto subscribed. A ajority 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 the prin- cipal office of the company, tu-wIt, at Nogales, Arizona, and elect the officers of this corpor- ation, which shall be a President, a Vice-Pre- sident. Secretary and Treasurer. and such other minor officers agents the Board of Directors may deem necessary for the best in terests of the corporation. The President and the Secretary and .he Treasurer shall be mem bers of the Board of Directors. and the office of secretary and that of Treasurer may both be filled by the Director All the officers shall hold their office during tine lie of the Board of Directors by whom they elected, and until their successors elected and qualified, unless sooner removed by vote 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: &. G. E. Rutherford, President: N K. Noon, Vice Presidents; W E. Hannon Treasurer. and G. K French, Secret ary-
 These Articles of Incorporation may be altered or amended at any regular meeting of the stockholders, at any special meeting called fo that purpose. by an affirmative vote of n majority of the stock then issued; and the Board of Directors any three stockholders may call a meeting of the stockholders for that, or any other parpose not inconsistent with law, but aotice of such proposed amendment shall be giv, to each stockhoIder. either per sonally in writing at least twenty days prior to the meeting at which such amendment shall be voted upon- IN WITNESS WHEREOF have hereunto set our hands and seals this Ith day ot April. 1901.
 s. G. RUTHERFORD Seal
 N. K. NOON Seal
 w. HANNON Seal
 GEORGE K. FRENCH. Seal