The border vidette., 1911-05-27

| At such time and under such con- | ditions as the Board of Directors shall
 direct. said capital stock shall be paid
 into the corporation either in cash. or | ny the sale and transfer to it of real or l personal property for the uses and pur- poses of the corporation, or for services | rendered on behalf of said corporation, | in payment of which shares of the
 capital stock shall be issued, ana said l stock, when issued, shall be fully paid | and non assessable. The capital stock
 may be increased. or decreased by the affi rmative vote of majority of the stock; but in case of the increase Of the capital stock each shareholder shall have the privilege Of subScrl ping for | such amount oi shares of the proposed increa ase 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
 debtedness 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- 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 a stock holder; and whenever any director ceases to be a stockholder he shall at the same time cease to be a 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 he7stock- holders, and such appointment shall be for the unexpired term for which the appointment was made. The incorpor- ators whose names are hereto sub scribed shall constitute the first Board Of Directors, but they shall have power to increase the membership of the Board of Directors to any number not exceeding eleven, until the first annual meeting of the stockholders in May, the following year. A majority of the Board of Directors shall constitute quorum for the 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 Preside 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 mem bers 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 fled, 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 majority of the stock and the Board of Directors | and three stockholders may call a 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 office addressed to the stock holder at 1 his last known residence 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 20th day of April A. D., 1911.
 PHIL HEROLD, (SesD
 FRANK J. DUFFY, (SeaD
 GRANT LEWIS, (SeaD
 In the presence of w. A. O'Connor.