The border vidette., 1912-03-02
1 V

ne amount or the capltaI SCOcK or this corporation shall be Ten Thousand Dollars (S10, 000) divid ed into ten thous- and shares of a par value of one dollar per share. At such time and under such conditions as the B ,ard of Direc- tors shall determine. the shares of stock purchased by subscribers thereto shall be paid for either in cash or by services rendered for the benefit ot the corporation or by the sale and transfer to tie corporation of real pr person al property, and tue Board of Directors
 may issue shares of stock in exchange for services or property. aad their Jud cement in so doing. including the price to be paid for such services or property shall. in the absence of fraud be conclusive. Shares Of the capital stock. when issued, shall be fully paid and non -assessa ble.
 "
 The highest amount of indebtedness
 or liability, either direct or contingent,
 to which this corporation is at any time to subject itself, shall not exceed
 the sum of six thousand five hund red dollars; and the private property of the stock olders of this corporation hall be forevei exempt from the pay ment Of its corporate debts.
 VT.
 The general nature of the business
 proposed to transacted by this corpo-
 ration is to OVID, maintain and cond uct
 hos pitfalls and sapatarlums and drug stores at such place or places as the
 Board of Dire ectors may determines; to
 buy, sell, deal in and handle drugs, medicines, chemicals, medical and sur gical supplies, surgical instruments, f hospital furniture and appliances, and all supplies. appliances, materials and apputenances necessary or convenient in tine practice of medicine and in the care and treatment of the sick; to erect, build, Gwn, maintain and conduct hos pltals, sanatariums, drug stores, hotels and others buildings necessary or con- venient for it's said business and for the care and treatment of the sick and for the prevention and cure of disease; to buy, own. sell, mortgage or other wise hypothecate or dispose of real | estate and all kinds of personal prop erty, and generally to do and transact all business which it is lawful for nat
 ural persons to do or transact. all Of which said business may be carried on at such place or places either in the United Estates or foreign countries as the Board of Directors may deem neces- sary or expedjent for the best interests of the corporation.
 The business affairs of this corpora
 tion shall be conducted by of Beard of Directors consisting of five members, each. whom shall be stock older, and whenever any director ceases to be Q stock holder he shall also, by reason
 
 ! rectors shall be elected annually by the
 stock holders at their regular annual
 meeting, which shall be held at the ot- | flee of the corporation in the town Of ! Nogales. A rizona, on the first Monday l of February in each year, and they i shall hold their office for one year or
 until their successors are chosen and i qnaliieI; provided, however, that A.
 l.. Gustetter, H. w. Purdy, Bracey i Curtis, Theron Richardson and E. Tit
 comb shall compose the first Board of Directors and they shall continue to { constitute the Board of Directors until 1 the regular annual meeting of the
 stock holders on the first Monday of 1 February, 1913. Any vacancy in the Board of Directors may be filled>by the
 remaining members of the Board by appointment from the stockholders,
 and majority of the Board of Direc- i tors shall constitute quorum for tue
 transaction of business.
 VIII.
 Within ten days after the election of l any Board of Directors they shall meet
 at the office of the corporation and elect ! from among their number the officers oi
 this ~corpopation who shall be a Pre- , sident, Vice-President, Secretary, and i Treasurer, and such other officers and
 agents as the Board of Directors may i deem necessary. All officers shall hold l their office during the life of the Board
 Of Director by whom they are elected ! and until their successors are chosen ! and qualified unless sooner removed in i the manner provided by law. and any 1 two offices may be held by the same | person.
 These Articles of Incorporation may ] be altered or amended at any regular
 meeting of the stock holders, or at any
 special meeting called for that purpose
 by the affirmative vote of majority of ! the stock, and the Board of Directors
 may call a special meeting of the stock holders for that or any purpose not
 inconsistent with law, but notice Of the business to be transacted at such spe- ciaf meeting shall be given to each stock holder either personally or in
 writing at least twenty days prior to such meeting.
 IN WITNESS WHEREOF, We have here unto set our hand and seals this 3rd day of February, A. D., nineteen hundred and twelve
 A. L. GUSTETTER, (SeaD H. w PURDY. (SeaD Dp