The border vidette., 1908-10-17

deScri ption; to erect, construct, maintain operate. buy hold, own: sell, lot, lease, demise mortgage otherwise dispose of mills. smelt- CTS, concentI ators and any and all kinds o machinery, and parts and appliances incident CT pertaining or necessary thereto;-To engage in the business of inspecting, examining, ex- porting and reporting upon mines and mining claims of every kind and nature for itself and others and to buy, own. sell, and deal in as savers su, plies of all knds to own handle and control letters patent and inventions; to do q general real estate and mercantile business and for that purpose may carry ID stock such articles of merchandise the board of Direc- tors may deem necessary or pedie1t; to buy, own or contract for, sell other wise dis pose of cattle, horses, sheep, other animals or their products, and to do md carry all things pertaining to the cattle business tO carry on, do and perform each, every and all matters and things necessary expedient or proper to carry out the purposes of this corpo- ration or for which individuals may lawfully assocIate themselves together to perform, and generally to do and perform each and every act and thing which it is lawful for nature persons to do.all of which business or occupations may be carried on at such place places as the board of Directors shall deem for the best in terests of the Corporation.
 ARTICLE V.
 The amount of the capital stock of this Cor p.'ration shall be Two Million tS2 OOO OoO) dol lars, divided into Four Hundred Thousand (4'O,O0O) shares of the par value of Five (S5.OO) dollars each.
 At such time and under such conditions as the board of Directors shall direct, said capital stock shall bs paid into the corpora Ion either is cash, by the sale and transfer to it of real or personal property for the uses and purposes of the corporation, or for services rendered on behalf of said corporation. in payment of which shares of the capital stock shall be is sued aud said stock, when issued shall be fully an6 m h bn f,J may be increased decreased by the afflrma- tive vote of q majority of the stock; but in case of the increase of the capital stock, each share holder shall have the privilege of subscribing for such number of shares of the proposed in crease as he may be entitled to in proportion to the number of shares held by him before such increa- c.
 ARTICLE 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 suuI of One Million Two Hundre aad Fifty Thousand (Sl ,25O, ,OOO) dol lars. anl the stockholders of this corporation and their private property shall be exempt from the payment of it's corporate debts,
 ARTICLE VII.
 Tine business affairs of this corporation shall be conIucte1 by board of Directors consist ing of not less than three more than eleven members, each of whom shall be a stpckhoIder: and whCn any director to be a stock holder he shall at the same time cease to be a director The directors for any Fnsueing year shall be elected by the stockholders at their re- gular annual meeting which shall be held at the principal office of the company the first Monday of Sept. of each year. and they shall l hold their office until their successors re elect cd and qualified. Any vacancy in the Board of | Directors may be filled by the remaining mem | hers of the Board by appointment from among the stockholders, and such appointment shall | be for the unexpiTcd term for which the ap- | pointment male. The incorporators whose | names arc hereto subscribed shall constitute ! the first BparI of Directors. but they shall Ina we power tn increase the mem 5orship of the Board | Df Directors to any number not excecdine, ! eleven, and tho directors appointed shall . serve until the first annual meeting of the stockholdCrs in September the following year.