The border vidette., 1912-01-27
ARTICLES or RECONSIDERATION
 OF THE AMERICAN DRUG STORE, INCORPORATED

forming corporation under the laws of the Territory of Arizona. have this day voluntarily associated ourselves together into body corporate, and do hereby make, execute, acknowledge and publish these Articles of Incor- poration. and do hereby certify:
 The name of this corporation and by which it shall be authorized to transact its business is 1.-THE AMERICAN DRUG STORE, INCORPORATED"
 1T.
 The names of the incorporators are Jesus Saldamando, Frencisca M. de Saldamando and Filiberto Sadamando. The principal office and place of tran sactinR the business of this corporation shall be at the town of Nogales, Santa Cruz County. Territory of Arizona, and branch offices and stores may be kept and maintained at such other place or places as the Board of Direct Ors may decide.
 The time of the commencement of this corporation shall be the ay of the filing of these Articles of Ipcor poration in the office of the county recorder of Santa Cruz County, Arizona, and a certified copy thereof in the office of the Auditor for the Territory of Ari- zons, and the termination thereof shall be twenty-five years thereafter, or as provided by law.
 ".
 H0 6lAOuub Ol bu0 C6plLhi SbOCk Ol this corporation shall be Ten Thousand Dollars (S1O. OOO) divided into one hun dred shares of the par value of One Hund red Dollars ($100) each. At such time and under such conditions as the Board of Directors shall direct, the capital stock purchased by subscribers shall be paid for either in cash or by services rendered for the benefit of the corporation or by the sale and transfer to the corporation of real or personal nrnnRrtv and tha Hoard of DiractOra may issue shares of stock in exchange for services or property, and their judgement in so doing including the fixing of the price of such services and property, shall in the absence of fraud, be conclusive.
 The highest amount ot indebtedness or liability to which this corporation is at any time to subject itself. either direct or contingent, shall not exceed two-thirds of its capital stock; and the private property Of the stock holders of this corporation shall be forever exempt from the payment of its corporate debts.
 The general nature of the business proposed to be transacted by this cor poration is to own, operate and condu uct 8 general drug business and drug store or drug stores; to buy, sell and deal Tn drugs. chemicals, toilet articles, patent medicines. confectionery, bon bons, perfumeries, books and stationery, papers and periodicals. tobacco and cigars, soda waters and all other articles of merchandise of what kind and nature soever, bought, sold. used or handled in drug store or in connection with the drug business, and to fill prescrip- tions and sell medicines, and conduct general drug business.
 VII.
 The business affairs of this corpora tion shall be conducted by Board of IL Al each of whom shall be stock holder, and whenever any director ceases to be a stockholder he shall at the same time cease to be a director. They shall be elected annually by the stock holders at their regular annual meeting. which shall be held at the office ot the com pany in Nogales, Arizona, on the second Monday in January in each year, and shall hold their office for one year and until their successors are elected and qualified; provided, however, that the ! first Board of Directors shall be com posed of the incorporators whose names | are hereto subscribed, and they shall l continue to constitute the Board of meeting of the stock holders the second Monday of January. 1913 A | majority of the Board of Directors shall | constitute a quorum for the transaction l of business. 1
 Within ten days after the election of any Board of Directors they shall meet | at the office of the company and elect | from among their number the officers | of this corporation W ho shall be Pre- | sident, Vice. President, Secretary and | Treasurer, and such other officers and | agents as the Board of Directors may think necessary. All officers shall hold | their office during the life of the Board | of Directors by whom they are elected, | and until their successors are elected | and qualified. unless sooner removed by | a vote of two-thirds of the directors. l Two offices may be held by the same | person. and the Board of Directors shall | have power to fill any vacancy existing | 1n the board.
 K These Articles of Incorporation may 1 be altered or amended at any regular | meeting of the stockholders or au any | special meeting called for that purpose | by the affirmative vote of majo rity of | the stock; and the Board of Directors may call 8 meeting for that purpose or | for any other purpose not inconsistent | with law; but notice of such proposed | amendment shall be given to each | stockholder either personally or in | writing at least twenty days prior to | the meeting at which such amendment | is to be voted upon. IN WITNESS WHEREOF, We have here- | unto set our hands and seals this eigh- | teenth day of December, A. D., nine- | teen hundred and eleven.
 JESUS SALDAMANDO, (Seal1