The border vidette., 1911-05-20

dttIOns as the Board of Directors shall direct. said capitnl stock shall be paid into tho corporation either In cash. or ny the sale and transfer to it of real or personal property for the uses and pur- poses of tho corporation, or for services rendered on behalf of said corporation, in payment of which shares of the capital stock shall be issued. ana said and non-assessable. The capital stock may be increased, or decreased by the affirmative vote of a ma iority of the stock; but in case of the increase Of the capital stock, each shareholder shall have the privilege of subscribing for such nmoun. of shares of the proposed increase as he may be entitled to in proportion to the number of shares held by him before such increase.
 FIFTH: The highest amount of in Gebtedness or liability, either direct or contingent, to which this Corporation is at any time to subject itself shall not exceed the sum of Twenty Five Thous- and 1925 O00) Dollars and the stock hold- CTS of this corporation and their private property shall be exempt from the pay ment of it's corporate debts -.
 SIXTH: The business affairs of this corporation shall be conducted by Board of Directors consisting of not less than three nor more than eleven members, each of whom shall be stock l1holder; ana whenever any director
 
 tho same time cease to be director. The directors for any ensuing year shall be elected by the stock holders at the regular annual meeting which shall be held at the principal office of the Company on the first Monday of May each year, and they shall hold their office until their successors are elected 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 stock holders, and such appointment shall be for the unexpired term for which the appointment was made. The incorpor- atOrS whose names are hereto sub scribcd shall constitute the first Board of Directors, but they shall have power to increase the mem bershiD Of the Board of Directors to any number not exceeding eleven, until the first annual meeting of the stockholders in May, the following year. majority of the Board of Directors shall constitute 0 quorum for tho transaction of business.
 SEVENTH: Within ten days after the election of any Board of Directors they shall meet and elect the officers of this corporation, who shall be a Presid ent, Vice President, Secretary and Treas urer, and such other minor officers or agents as the Board of Directors may deem necessary for the best interest Of the corporation. The President, Sec retary and Treasurer shall be members ol the Board of Directors.
 All officers shall hold their office dur- ing the life of the Board of Directors by whom they arc elected, and until their successors are elected and quail fed, unless sooner removed by a vote of two thirds of the directors.
 EIGHTH: These articles of incorpor- ation may be altered or amended at any regular meeting Of the stock hold CTS, or at any special meeting of the stock holders called for that purpose, by an affirmative vote Of a majority of the stock and the Board of Directors and three stock holders may call meet ing Of the stock holders for this or any other purpose not inconsistent with law, but notice of such proposed amendment shall be given to each stock holder either personally or in writing, by letter deposited in the post office addressed to the stock holder at his last known residence or address, at least twenty days prior to the meeting at which such amendment is to be voted upon.
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this 2Oth day of April A. D., 1911.
 PHIL HEROLD, (SeaD
 FRANK J. DUFFY, (SeaD
 GRANT LEWIS, tSeaD
 Tn the presence of W. A. O'Connor.