The border vidette., 1913-05-03

hereinafter named incorporators, have associated ourselves together for the purpose of forming corporation, un- der and pursuant to the Laws of the State of Arizona, and have adopted and do hereby adopt the following Ar ttcles of Incorporation.
 Names of lncorporators:
 The name of the Incorporators are, IT J Karns, W. E. Karns and NJ. I. Ksrns, 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. ING. 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 adjacent thereto, as the Board of Directors may from time to time de- signate or establish. and it may lawful ly hold meetings of it's Board of Direct ors and transact the business of the corporation at any such branch off ce 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 automobiles 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 the same. Buying. selling and dealing in oil EIn nf hi pumps, well boring machinery and sup plies, mining and farming machinery and supplies Buying. selling and dealing in all kinds of contractors and builders supplies. and to engage in the business of buying and selling all nature. To purchase, sell or otherwise acquire, lands. buildings and improve ments. or otherwise 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 djoining country. In buying and selling and ealing in any and all kinds of gas and electric appliances 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 i erty, to secure such loans and indebt- edness, and generally to O and per form every act or thing for the carry 1 ing on of such business.
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 Capital Stock:
 | The amount of the capital stock of this corporation shall be Fifty Thous- ! and $50, 900 OO- Dollars, divided into i Fifty Thousand -50. 000- shares, of the par value of One -Sl OO- 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 d determine ed 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 or 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.
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 Time Of Commencement:
 The time of the commencement of this corporation shall be the date of the filing of the Articles of Incorporation with the State Corporation OommIs- sion, of the State of Arizona, and its termination shall be 25 years, there after.
 Indebtedness:
 The highest amount of indebtedness or lia bility, direct or contingent, to which this corporation is at any time