The border vidette., 1909-07-17

ful uses aud purposes; to treat, smelt, mill , stamp and reduce ores, minerals. metals, bullion and concentrates of every kind. nature | and description; to erect construct. maintain,
 operate. buy, hold, own sell. let, lease. demise, | mortgage or otherwise dispo of mills, smell | ters, concentrators and any and and all kinds 1 of machinery, and parts and appliances incl | dent or necessary pertaining thereto; to l engage in the business of inspecting, amining. exporting and reporting upon mines and mining claims of every kind l and nature for itself and others. and to buy, own, sell and deal in assayer's supplies of all kinds; to own, handle and control letters pat 1 ents and inventions to do general real estate and mercantile business, and for that purpose may carry in stock such articles of merchan- disc the Board of Directors may deem necessa- ry expedient; to buy own contract for, feed, or sell or otherwise dispose of cattle,t horses, | sheep other animals their products; and 1 to do and arry all things pertaining to the I stock business; to carry on, do and perform each, every and all matters and things neces- sary expedient proper to carry out the purposes of this corporation and the intent of the incor porators, for which individua Is may lawfully associate thf mselves together to perform, and generally to do and perform each and every act and things which it is lawful for | natural persons to do; all of which businesses or occupations may be carried at such place | or places, either in tine United States foreign l countries as the Boa I'd of Directors shall deem for the b b'st interests of the corporation. Y.
 The amount of the capital stock of this poration shall be One Million dollars tS1,OOO,- 00)), divided into milIi n shares of the par valne of one dollar each. At such time and un- der such conditions as tn Board of Directors shall direct, tho capital stock shall be paid into the treasury of the corporation either in cash or by the sale or transfer to the corporation of real or personal property for the uses and pur poses of tbe corporation. Or for services rem dered on behalf of sail corporation in payment of which shares of the capital stock may be issued, and said sto * when issued shall be fully paid and -assessable. The capital stock may be increased or decreased by the af- firmative vote of a majority of the stock; but in of the increae Of the capital stock, each shareholder shall have the privilege of sub scribing for such number of shares of the pro posed increase he may be entitled to in pro portion to the number of shares held by him before snch increase,
 VI.
 The high est amount of indebitness or liablli- ty, either direct contingent, to winch this corporation is at any time to subject itself shall not exceed the sum of Six Hundred and Sixty Thousand dollars (SG6o.O0O); and the stockholders of this corporation and their pri- vate property shall be exempt from the pay ment of tts corporate debts.
 VII.
 Tn business affairs of this corporation shalt | be conductod by Board of Dire ctors consist | ing of not less than three nor more than seven | members, each of whom shall be stockholder; | and whenever q director ceases to be a stock | holder he shall at the same time cease to be a | director. The directors for any ensuing year | shall be elected hy the stockholders at their | regular annual meeting which shall be held at 1 the principal office of the Company during the week following the second Monday of February | in each year. an they shall hold thelr office until theis successors ele cted and qualified Any vacancy in the Board of Directors may be filled by the remaining mem bers of the Board by appointment from among the stockholders, and such appoint ment shall be for the unex- pired term fo- wh ch the appointment is made. The incorporators whose names are hereto sub scribcd shall constitute the first Board of Di- rectors. but they shall have power to increase the mem bership of the board to any number not exceeding seNCn, and the directors ap-