The border vidette., 1911-04-22

1 ing equipments thereof and therefor. for mining or for any other lawful use l or purpose; to build. construct, manu- | facture, to repair, buy, own and oper- ate, lease. sell, mortgage, or otherwise 1 hypothecate all kinds of boats, barges,
 steamships, sailing vessels, and all
 kinds of water craft and any and all l things incident or pertaining thereto: | to acqu ufre, locate. manufacture. pro- cure. construct. buy, hold, own, sell, | lease. let, demise, mortgage, maintain, ! operate, develop, distribute, transmit and furnish both for itself and others,
 water rights. water power, electric light. electric light plants, electric
 power, steam power, and any and all l other kinds of power for any and all lawful business and purposes; to treat,
 smelt, mill. stamp. and reduce ores. metals, bullion and concentrates of every kind, nature and description; to erect. construct, maintain. operate. buy,
 hold, own, sell. lease. demise, mortgage or otherwise dispose of mills. smelters, concentrators and any and all kinds of
 machinery and parts and appliances incident or pertaining or necessary thereto; to engage in the business of inspecting, examining. exporting and reporting upon oil and gas wells. and control letters patent and VentiOns; /; to do general real s'ate and mercan- tile business, and for that purpose may carry in stock such articles of merchan- disc as the Board Of Directors may deem necessary or expedient.
 FOURTH: The amount of the canital stock of the Corporation shall he Five
 Hundred Thousand Dollars $500. 0O0.00) divided into One Hundred Thousand shares of the par value of Five Dollars (S5 O0) each.
 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 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 sail stock, when issued, shall be fully paid and non -assessab,e. The capital stock may be increased. or decreased bv the affirmltve vote of a m1iority of the stock; but in case of the increase of the capital stock. each shareholder shall have the privilege of subscribing for such amount of shares Of the proposed increase as he may b9 entitled to in proportion to the number ot shares held by him befnre such increase.
 FiFTE: The highest amount of in Gebtedness or liability. either direct or contin gent. to which this Corporation is at any time to snhject itself shall not exreed the sum of Twenty Five Thous- and tS25 000) Dollars and the stock h old CTS Ol 'IiiS CoIpPTdLiol anu buelF pflVdLe property shall be exempt from the pay ment Of its corporate debts
 SIXTH: The bus ness atf lirs of this corporation shall b3 conducted by d Board of Directors consisting of not less than three nor more than eleven members. each of whom shall be stock holder: ana whenever any director ceases to be a stock older he shall al the same time cease to be q director. ] The directors for any ensuing year shall be elected by the stock holders at the regular annual meeting which shall he held at the principal office of the , Company on the first Monday of May ercil year, and tlIay shall hol;l their i office nntil their successors are elected and qnaIified. Any vacancy in the | Board of Directnrs may ba filled by the l remaining Ii smbers of the board by ]