The border vidette., 1911-04-29

= At Sucl .IiIfIe and ande SQctI r0n ditiona as the l1isaft17Of Directors shall direct. slll capital stock shall be paid into tho corporation either in cash. or f'y the sale and transfer to 1t ofsraal or person Il property for the u-es and pur poses of the corporation, or for services rendered on behalf af said corporation. ;n payment of which shares of the capital stock shall be issued, ana sail stock. " hen issnei, shall be fully paid may be incraasea, or decreased By rhe affirmative vote of a ma jority of the stock; but in clse of the increase Of the capital stock. each shareholdar shalI such amount ot shares of the proposed increase as he may ba entitled to in proportion to the number of shares heid by him before such increase.
 FIFTH: The highest amount of in debtedness or liability. either direct or contingent, to which this Corporation is at any tIme to snhject itself shall not exceed the sum of Twenty Five Thous- and tS25 O00) Dollars and the stockhod- 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 a Board of Directors consisting of not less than three nor more than eleven members. each Of whom shall be n
 
 ceases to bo a stockholder he shall at 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 Rt the principal office of the Company on the first Monday of May each year, and they shall holl their office until thefr successors are elected and qualified. Any vacancy in the Board of Directors may be filled by the nj tneat.o ha h,,nr l,y 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 scrbed shall constitute the first Board of Directors. but they shall have power u increase the membership of the Board of Directors to any number not exceeding eleven, until the fEst annual meeting of the stock olders in May, Board of Directors shall consti ute a q forum for the transaction of business
 SEVENTH: Within ten days after the election Of any Boa-d d of Directors they shall meet and elect the officers of this corporation, who shall be President, urer, and such other minor officers or rents as the Board of Directors may deem necessary for the best interest of the corp ,ratiDn. The President, Sec F0Cafy anQ l r0ASuTeF Sndli Do me" O0rS of the Board of Directors
 All officers shall hold their office dur ing the life of the Board of Directors by whom they are elected, and until their successors are elected and quail 6ed. unless sooner removed by vote of two thirds of the directors.
 EIGHTH: These articles of incorpor- atoo may be altered 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 ma j.,rity of the stock and tho Board Of Directors and three stock kholders may call meet ing of the stock holders for this or any other purpose not inconsistent with law, but notice of such proposed shall be given to each stock holder either personally or in writing. by letter deposited in the post l office addressed to the stock holcer Gt ] 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 | hereupto set our hands and seals this 10th day of April A. D., 1911.
 PHIL HEROLD, (SeaO
 FRANK J. DUFFY, (SeaD
 CHANT LEWIS, (SeaD In the presence of W A O'Conuor.