The border vidette., 1913-05-10

Names of fincorporatorS-
 The name of the Incorporators are, H. J. Karns, w. E. Karns and NJ. I. Karns, residing at and whose Post Of- fee address is NOgales, Santa Cruz County, Arizona. ]
 Name and Place of Business:
 The name of the corporation is, and shall be KARNS BROS. INC. It's principal place of business shall be at the Town of Nogales, in the County of Santa Cruz. State of Arizona, and it may have branch offices at such points within the United States and foreign country ad jacent thereto, as the Board of Directors may from time to time de- signate or estab and it may lawful " hold meetings of it's Board of Direct ors and transact the business of the corporation at any such branch office or offices.
 Nature of Business: ] =-
 The general nature of the business proposed to be transacted by said cor poration shall be as follows:>. Buying. selling and dealing in all kinds and classes Of au utomobiles and in all kinds and classes of automobile supplies. oils. gasolines, etc Buying. selling and dealing in real estate, receiving and conveying good and sufficient titles to
 
 in all kinds of machinery engines, pumps, we'll boring machinery and SUD- plies, mining and farming machinery and supplies. Buying, selling and dealing in all kinds of contractors and builders supplies, and to engage in l the business of buying and selling all kinds of merchandise, of whatever nature. To purchase, sell or otherwise acquire, lands buildings and i'm prove ments, os ether Wlse acquire or to own ] or to hold control of the stocks, bonds ] or other obligations of any other cor poration engaged in or hereafter form ed for the purpose of engaging in or carrying on any like business, either in the United States or in any, ad oinfng country In buying and selling and dealing in any and all kinds of gas and electric appliance and fixtures To loan money and to take as security for any such loans. notes and bonds, mort gages, deeds of trust, or other evid- ences of debt. or security of every kind and nature To borrow money and to incur indebtedness and to secure the payment thereof by notes, bonds, mort gageS. deeds of trust or collateral. To procure loans and to bond, mortgage or hypothecate any or all of it's prop erty, to secure such loans and indebt- edness, and generally to do and per form every act or thing for the carry ing on of such business.
 Capital Stock:
 The amount of the capital stock of this corporation shall be Fifty Thous- and $50. 000. O0- Dollars. divided into Fifty Thousand -5O. OOO- shares, of the par value of One -SI 00- Dollar each The said stock may be issued for sub- ScriptiOn in cash or in consideration of other property, real or personal, or of services rendered. The time when such subscriptions shall be paid in. or the transfer of other property made, shall be at the time of the issuance of the certificate of stock. and shall be determined by resolution of the Board of Directors. The issuance of said stock for cash or for real or personal prop ersy, or for services rendered in lieu of such cash and the determination or judgment of the Board of Directors on such property. real or personal, or of such services shall be conclusive. The corporation may retain any portion of said stock in it's treasury, ana may sell or contract to sell same by vote of the majority of the Board of Directors, or in such manner as it's bylaws may provide.