The border vidette., 1908-01-18

own, operate and dispose of smeltinR and ore reduction works, oil refneriess 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 it 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 mortgager 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 do and perform such acts and things and transact such business in connection with the foregoing objects, not incon- sistent with law, in any part of the wolld, 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. .OOO. oO,) divided
 
 par value of One Dollar (S1 ,O01 each, which shall be paid for at such tfmes and in such manner as the board of directors may designate. All or any portion of the capital stock nay be issued in payment for real or personal property, services, or any other right or thing of value, for the uses and purposes of the corporatio1, and when so issued shall become and be full-paidr the same as though paid for in cash at par; and the directors shall be sole judges of the 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- n-asses- sable.
 Article IV.-The commencement OF the corporation shall be the day these Articles are filed in accordance with law, and the termination thersof shall be twenty five years thereafter, with privileges of renewal as provided by statute.
 Article V.-The affairs of the cor poration shall be conducted 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 shah 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: F. M BIND, w. E.. Simpson and J. F. Meggison.
 Article VI.-The directors shall have power to adopt, amend and rescind By Laws, to fill vacancies occurring in the board from any cause, and to appoint from their own number an executive committee 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 corporation is at any time to subject itself is Twenty Thousand Dollars (S25, 900 00).
 Article VIII.-The private property of the stock h olders of the corporation sh all 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, (SEAL)
 w. F. SIMPSON, (SEAL)
 J. F. MEGGINSON, (SEAL)