The border vidette., 1912-02-03
ARTICLES OF INCORPORATION
 OF THE AMERICAN DRUG STORE, INCORPORATED

lnab we, WnOSS names are hereto subscribed, being desirous of 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, acknowled ge and publish these Articles of Inoor- pornt;on. and do hereby certify:
 I.
 The name of this corporation and by which it shall be authorized to transact its business is 1.-THE AMERICAN DRUG $ TORE, INCORPORATED.
 1T.
 The names of the incorporators are Jesus Saldamaudo, Francisco M. dee Saldamando and Filiberto Saldamapdo The principal office and place of tran sacting the business of this corporation shal- be at the town of Nogales, Santa Cruz County. Territory of Arizona and branch offices and stores may he 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 day of the fling Of these Articles of Incorporation in the office Of the county recorder of Santa Cruz County, Arizona, and certified copy thereof in the office of the Auditor for the Territory or Ari zona, and the termination thereof shall be twenty five years thereafter, as provided by law.
 Tho amount of the capital stock of this corporation shall be Ten Thousand Dollars (Sl0 000) divided into one hun. dred shares of the par value of One Huud red Dollars (Sl00) each At such time and under such conditions as the Board of Directors shall direct, the capital stock purchased by su bscribers shall bo paid for either in cash or by services rendered for the benefit of the Ixrf ola ofa- to the corporation of real or personal property, and the Board of Directors may lssne shares of stock in exchange for services or property, and their txiug of the price of such services and property, shall in the absence Of fraud, be conclusive.
 The highest amount of indebted ness or liability to winch 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 olGers of this corporation shall be forever exempt from the payment of it's corporate debts
 The general nature of the business proposed to be transacted by this cor pOration is to own, operate and cond uct a general drug business and drug store
 
 drugs chemicals, toilet articles, patent medIcineR. confectionery, bon bons, perfumeries, books and stationery. papers and periodicals, tobacco and cigars. soda waters and all other articles of merch andise of what kind and nature soeyer. bought, sold, used or handled in drug store or in connection with the drug business, ana to fill preScrip- tions and sell medicines, and conduct general drug business.
 The business affairs of this corpora tion shall be conducted by a Board of Directors consisting of three mem bers, 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 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; proYid ed, however, that the first Board of Directors shall be com posed of the lncorporators " hose names are hereto subscribed, and they shall continue to constitute the Board of Directors until the regular annual meeting of the stock holders on the second Monday of January, 1913 A maj ajority of the Board of Directors shall
 
 of business
 VIII.
 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 who shall be a 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. Two offices may be held by the same person, and the Board of Directors shall have power to fill any vacabcy- existing in the board.
 These Articles of Incorporation may be altered or amended at any regular meeting of the ckholders or aI any special meeting called for that purpose by the affirmative vote of maj rity of the stock; and the Board of Directors may call 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 ei9 h. teenth day of December, A. D.. nine- teen hundred and eleven.
 IECTTG SAT.nAMANDO (SPall