The border vidette., 1911-05-06

ultlOIlS as the bO6ru or OlreClOES BQhil direct. said capital stock shall be paid into the corporation either In cash. or ny tine sale and transfer to l. of real or personal property for the uses and Pur- poses of the corporation, or for services cendered on behalf of said corporation, in payment of which shares of the capital stock shall be issued, and ssii stock, when issued, shall be fully paid and non-assessab,e. The capital stock may be increased, or decreased by the affirmative vote of 0 ma ajority 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 ot 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 h deb:edness or liability. either direct or contingent, to which this Corporation is at any tine to subject itself shall not exceed the sum of Twenty Five Thous- and 1925 0o0) Dollars and the stockhold property shall be exempt from the pay ment of It's corporate debts
 S1xTE: 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 stockholder; and whenever any director ceases to be 8 stockholder he shall at the same time cease to be a director. Tho directors for my 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 frat 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 members of the board by m Ia holders, and such appointment shall be for the unexpired term for which the appointment was made. The incorpor- ator5 whose names are hereto sub- soribed 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 tha first annual meeting of the stockholders in May, the following year. majority of the Board of Directors shall constitute a quorum for the transaction of business
 SEVENTH: Within ten days after the election of my Board of Directors they shall meet and elect the officers of this corporation, who shall be 8 President ice-PresIdent, Secretary and Treas agents as the Roard of Directors may deem necessary for the best interest of the corporation. Tho President, Sec rotary and Treasurer shall be members of 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 Qualt. 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 khold- 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 stock holders may call & meet ing of the stock holders for :hi5 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 ie to be voted upon.
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this 2Oth day of April A. D., 1911.
 PHIL HBROLD, (SeaH
 FRANK J. DUFFY, (SeaB
 GRANT LEWIS, tSeaD
 In the presence of ". A. O'Connor.