The border vidette., 1912-01-06

Cruz County. Territory Of Arizvua, | and branch offices and stores may be kept and main tained 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 daS of the filing of these Articles of Incor 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- zona, and the termination thereof shall be twenty five years thereafter, or as provided by law.
 ".
 The amount of the capital stock of this corporation shall be Ten Thousand Dollars (S10 OO0) divided into one hum dIed shares of the par value of One 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 property, and the Board of Directors may lssue shares of stock in exchange for services or property, and their judgement in SO doing including the
 
 property, shall in the absence of fraud, be conclusive.
 The highest amount of indebted ness or liability to which this corporation is at any time to subject itself. either direct or contingent, shall not exceed two-thirds of it's capital stock; and the private property Of the stock holders of this corporation shall be forever exemp pt 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 conduct a general drug business and drug store or drug stores; to buy. sell and deal In drugs, chemicals, toilet articles, patent med 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 a drug store or in connection with the drug business, Rno to fill prescrip- tions and sell medicines, and conduct general drug business.
 VII
 The business affairs of this corpora ton shall be conducted by a Board of Directors consisting of three members, each of whom. shall be 0 stock holder, and whenever any director ceases to be 0 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, A Arizona, on the second Monday in January in each year, and shall hold their office for one year and qualified; proyid ed, however, that the first Board of Directors shall be com- posed of the lncorporators W 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 majority of the Board of Directors shall constitute quorum for the transaction of business.
 Within ten days after the election of any Board of Directors they shall meet at the office of the company and elect from among 3heir number the officers or this corporation who shall be Pre- sident, Vice. P resident, 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 or LWO-CnlrQS or the directors. Two offices may be held by the same person. and the Board of Directors shall have power to fill any vacaLcy existing in the board.
 These A rticles of Incorporation may be altered or amended at any regular of the stockholders or at any special meeting called for that purpose by the affirmative vote of a majo 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 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, (Seal)
 FRANCESCA Nj DE SALDAMANDO (SeaO
 F. SALDAMANDO (Seal) OF ARIZONA,
 COUNTY OF SANTA CRUZ,