The border vidette., 1907-12-21

and water rights, and to work, ex- plore. operate and develop the same; to purchase or otherwise acq uire, erect, own, operate and dispose of smelling and ore reduction works, oil refineries, saw mills and power plants; to do general manufacturing and mercantile business; to own, handle and control letters patent and inventions and shares of it's own capital stock, and that of other corporations, and to vote any shares of stock owned by 1t the same as a natural person might do; to issue bonds, notes, debentures, and other evidences of indebtedness and secure the payment of the same by mortgage, deed of trust or otherwise; to act as agent, trustee, broker, or in any other duciary capacity. and to borrow and loan money; and in general; to O and perform such acts and things and transact such business in connection with the foregoing objects, not incon- sistent law, In any part Of the world, as the board of directors may deem to the advantage of the corpor- ation.
 Article III.-The capital stock of the corporation shall be Five Hundred Thousand Dollars (s5OO.OO,) divided into five hundred thousand shares of the par value of One Dollar (S1, ,OO) each, which shall be paid for at such times and in such manner as the board of directors may designate. All or. any portion of the capital stock may be issued in payment for real or personal property, services, or any other right or thing of value, for the uses ana purposes of the corporation. and when so issued shall become and be full paid, the same as though paid for in cash at par; and the directors shall be sole judges of thu value of any. property, right or thing acquired in exchange for capital stock. No shares of capital stock shall be issued until fully paid for and thereafter shall be non- asses sable.
 Article IV.-The commencement of the corporation shall be the-d day these Articles are filed in accordance with law, and the termination thereof shall be twenty five years thereafter, with privileges of renewal as provided by statute. '-.- 151-5
 Article V.-The affairs of the cor poration shall be condu ucted by Board of Directors and such officers as the said Directors may elect or appoint. The number of directors shall be de- signated by the stock holders and shall be elected from among the stockholders at their annual meeting to be held on the last Saturday in November of each year. Until the first annual meeting of stock holders and until theIr success sors have been elected and have qual- flied, the following named persons. shall be the directors: E. M BIND, w. E. Simpson and J. F. Meggison.
 Article VI.-The directors shall have powerto adopt, amend and rescind By Laws, to fill vacancies occurring in the from their own number an executive com mittee and vest said committee with all the powers granted the direct ors by these Articles.
 Article VII.-The highest amount of indebtedness or liability to which the is at any time to subject | itself is Twenty Five Thousand Dollars | 1925, 900 OO).
 Article VIII.-The private property | of the stock holders of the corporation | shall be forever exempt from it's debts | or obligations.
 IN WITNESS WHEREOF, We hereto affix our signatures this sixth day of December. 1907.
 ED. NJ. BIND,' -. lSEAL)