The border vidette., 1924-06-21

and retail, dry goods, clothing, wearing
apparel and textile fabrics OF every
kind, hats. caps. millinery, boots, shoes,
furnishing goods fancy goods. and all
articles and merchandise Of like gen.
eral character and description, and to
conduct the business OF general dry
goods and clothing merchants, tailors.
Diapers, hanerdashers. milliners. dress-
makers and general onLftters.
2 To purchase. receive, Issue, hold
and own bonds. mortgages. debentures,
notes. shares of capital stock OF other
corporations, IA well as shares Of It's
own capital stock, including the right
to vote thereon; To issne bonds and
other obligations, and to secure the
same by plAtlging or mortgaging the
whole or any part "f the property
owned by the curporation. and to seli
or pledge such bonds in conducting the
corporate business; and to purchase
and own, mortgage and sell, real and
personal property OF whatever kind
wherever situated.
ARTICLE V
The amount OF capital stock Of the
corporation is Fifty THOUSAND $780,
900 00) Dollars, divided into five hun
dred (500) shares of the par value OF
One Hundred (Sl0O.O0) Dollars each.
The capital stock shall be issued at
such times as tho Board Of Directors
may decide upon. The amount OF said
capital stock shall be paid into tho
treasury OF the corporation either In
cash. or by the sale and transfer to 1t
OF real or personal property. contracts,
services, or any Orher valuable right or
thing for the nae and purpose OF said
corporation. in payment for which
shares OF the capital stock OF the COR
poration may be issued, and the capital
stock an issued shall thereupon and
thereby become AMI he fully paid and
non assessable forever. and, in the abb
sence OF actual fraud in the transac-
ton. the jud gmept OF the Board of nj
rectors as 30 the value OF the property
purchased shalt he conclusive.
ARTICLE vi
The time Of the commencement of
this corporation shall be at the late OF
the filing OF certified copy Of these
Articles Of Incorporation in the office
OF the Corporation Commission OF Ari-
zOna, and the termination thereof shall
he twenty-five (25) years thereafter,
with the privilege OF renewal as pro-
yided by law
ARTICLE VII
The affairs OF this corporation shall
be conducted by Board Of Directors
composed OF not less than three, nor
more than seven stockholders. Said
directors shall be elected at the annual
meetings OF the stock holders and shall
serve for ono year and until their suc-
cessors are elected and qualified. The
annual meeting OF the stockholders
shall be held at such place and hour a.
may be prescribed by the bylaws OF
the corporation, on the second Monday
in January OF each year. Special
meetings may be held In such manner
rs may be prescribed by the bylaws ct
the corporation. Until the first annual
meeting. and until their successors are
elected and qualified. the following
persons shall constitute the board OF
Directors: Fl. Capin, Fannie Capin,
Sam Capin.
II at any time vacancy Ia the Board
Of Directors shall occur. snch vacancy
may be filed by the remaining mem
bers OF the Board of Directors In office.
and the person so elected 10 fill the
vacancy shall serve during the unex-
pired term Of his pred and I'M
til his successor il elected and qualified.
The powers and duties of the Board OF
Directors shall be rs provided in the
by laws OF the corporation. The
Board of Directors shall have power to
adopt and amend the by-laws of the
corporation.
ARTICLE VIII
The officers of this corporation shall
be President, Vice President. Secre-
tary and Treasurer. The office OF Score
tary and Treasurer may be filed and held
by the same person. The officers shall
be elected by the Board Of Directors i'm
mediately after each annual meeting of
the stock holders OF the corporations
and shall hold office for one year. and
until their successors are elected and
qualified. Additional offices may be
created by the stockholders. and filed
| by election or appointment, as the by
laws may provide. Until the first an
nual meeting OF the stock holders, and
until their successors are elected and
qualified, Ell Capin shall be President.
! Fannie Capin. Vice P President, and Sam
Capin. Secretary and Treasurer.
ARTICLE TX
| The highest amount of indebtedness
|
which the corporation shall at any time
subject itself shall be Thirty Three
Thousand Three Hundred Thirty Three
and two-thirds 1888, 333. II Dollars.
| ARTICLE X
The private property of the stock
holders of the corporation shall be for
| ever exempt from corporate debts.
ARTICLE XII
At any annual meeting of the stock.
holders, or bt any special meeting OF
I the stock holders called for that pur-
pose, these Articles of Incorporation
may he amended by the affirmative
vote of majority OF the shares OF the
capital stock issued aud outstanding
upon notice given a. required by law.
ARTICLE XII
Leslie c Hardy. who has been resi-
dent OF the State OF Arizona for three
years last past, and who is now resi-
dent OF the City OF Nogales, Arizona.
is hereby appointed the agent OF this