The border vidette., 1911-05-13

At such time and under such con. l dttiona as the Board of Directors shall 1 direct, said capital stock shall he paid l into tho corporation either in cash. or 1 by the sale and transfer to it of real or l personal property for the uses and pnr- poses of the corporation, or for services rendered on behalf of said corporation, 1 in payment of which shares of the capital stock shall be issued, ana sail stock, when issued, shall be fully paid may be increased, or decreased by the | affirmative vote of a ma jority of the | stock; but in case of tho increase of the capital stock, each shareholder shall 1 have the privilege of subscribing for such amount of shares of the proposed proportion to tho number of shares held 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 timo to subject itself shall not l and (S25 000) Dollars and the stockhol CTS of this corporation and their private property shall be exempt from the pay ment of it's corporate debts
 SlXTE: The business affairs of this corporation shall be conducted by 8 Board of Directors consisting of not less than three nor more than eleven members, each of whom shall be D stockholder; and whenever any director ceases to be stockholder he shall at the 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 nro elected ard qualified. Any vacancy in the Beard of Directors may be filled by the rem oaiuirg members of the board by appOirtr.eut from among the stock for tLe uuexpi-ed term for which the appointment was made. The incorpOr- ators Wtose neDes are hereto sub scribed shall constitute the first Board ot Directors. but they shall have power to increase the 0eU6srshiD of the SOSrd CT Directors to any number not exceeding eleven, until the first annual nesting oi tie stockholders in May, t'1e following year. A majority ot the Board of Directors shall constitute Quorurn for tha srarsnct!or ot business
 SEVENTH: N'itGiu ten days after tbe eleet:Ol CT any Eoer0 Of Directors they sh2f a.est ard elect the CScers -oi this corporation. who shall be g President, Vice President, Secretary aud Treas urer. and such ether minor officers CT deem necessary for the best interest oI the corporation. The President, Sec re:ary and Treasurer shall Je members of the- Board of Directors
 All officers shall hold their of6cs dur ing the life Of tho Sosrd of Directors bY whom they are elected, and unti! their successors arc elected ar3 quail ded. unless sooner rem owed by |. vote of tive thirds of the directors.
 EIGSSE. These articles of ircorpos. atioo- may be altered OF amended at any regular meeting ot +he stockhold i ers.. CT at any special meeting of .he l stook Ao.a CTS, called for that purpose, 0y~aa afdrmati%e vote Of uaa o1ity of i the stock and the Board Of Directors l and three stock aoidsvs, gay call 8 meet l ing -oitha stock holders. for this os anJ l othar- purpose not Inconsistent with | .aH. but notice cf. such proposed 1 aru 9rdusut- shall -Cs given to each 1 stock holder either personally CT in l vii tinc- by la5saz deposited in the post ] oGce-sdd dressed to the stock hol1er E. his last known Sesideace Or address, q. east twenty dsys prior to shs zoseStng aS .Waicl such alsE5Gso5 !S to os | voted upon. '-----
 . 1N WIz4sEsS WHEREOF. We have | 1srsunto set o1z hands soS sss1s 5h!s ;05a, day c: April 4. D., 1911. -- FE-- HEZc-o. tSssl(
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