The border vidette., 1909-09-25

offices may be kept and ma1ntained at San Francisco. California, and at such other place countrIes as the Board of Directors may re terEnine, at any of which offices M the ordinary with the same force and effect as if done at the principal of1ce-
 The time of the commencement of this cor pOratiDn shall be the day of the fillng of its County Recorder of Santa Cruz County, of the Auditor for the Territory of Arizona, and the termination thereof shall be tw. nry-6ve or be dissolved before that time by a majority vote of it's members or by operation of law.
 ".
 to be transacted by this corporation is to de nounce. locate. buy. bond. acquire. hold, own, hypothecate dispose of mines mining nT oF e hn %T or lands or properties. oil wells real estate and in and carry on the business of minii:g; to build, own and operate stamp mill and other works of any and every dcscri ption for milling. smelting. samp!ing md reducing ores aud ore properties. mills and all kinds of reduction other kinds of property necessary and re quisite to the transaction or it's business; to the products thereof to carry on aud conduct a general mercantile busIness and to that end and all commodities of every kind conductive to the successful conduct of said bnsiness; 10 purchase, hold. own. conSr1i and deal in and handle it's own and the shares and stocks of bGr b b lire ho xTp ias, nassess operate. sell, mortgage. pIeGgs or otherwise lands, oil. gas, phaituna petroleum or ny of their products asbestos. salt. water and water and processes necessarily connected with the traneactIon of it's business; tO borrow money and to execute notes bonds, mortgages or deeds of trusts to secure the same; also to acquire. turnpi kes, canals and other means of transpOr- uation to and from its mines or works to any to do all things Incident or necessary to the proper and successful conduct of its business. i thing which it is lawful for natural persons to do; all 1r wn1nh 6nsngss may & be ta raffeH on @ l6 foreign countries the Board of Directors tt'n tionn 0''--- -'- '-e ''' ,--' ''' '-'~ '
 The amount of the capital stock of this cor poration shall be Five Million (S5 O0O, ,OOu) dol lars, divided into five miiII shares of the par stock shall be paid for at such time and in such manner, either in cash or in exchange for stocks property for the or benefit of the corpora- tion, for services rendered.. and said stock bie and the action of the Board of Directors in issuing: shares of the capital stock shall in the absence of actual and intentIonal fraud in the transaction, b. final and binding on al parties; The capital stock may be increased or decreased stock; but in of the increase of the capital stock each shareholder shall have the privilege the proposed increase as he may be entitled to in proportion to the humber of shares held by him before the stock is increased.
 VI.
 The highest amount of indebtedness liab- lIity, either direct contingent, to winch this corporation is at any time to subject itself shall not exceed the sum of two million five hundred thousand dollars; and the private property of the stockh elders of this corporation shall be exempt from the payment of It's cor porate debts.
 VII.
 The business affairs of this corporation shalt be conducted by q Board of Dire ctors consist ing of three members, each of whom shall be q ckhoIder; and whenever a director ceases to be a stockhOlder be shall at the same time to be a director. They shall be elected annual ly by the stockholders at their regular annual meeting which shall he held at the principal office of the Company on the second Monday of October of each year. and they shall hold thclr office until their successors are elected and qualified. Any in the Board of Direct ors may be filled by the remaining mem bers of tho Board by appointment from am9n; the stockhOlders and such appoint ment shall be for the unexpired time for winch the appuint- ment is made. The incorporators whose names