The border vidette., 1927-12-24
ARTICLES OF INCORPORATION
N. Karam and Sons Mercantile Company

KNOW ALL MEN BY THESE
PRESENTS: That we, the under
signed, do hereby associate ourselves
together for the purpose OF forming o
corporation under the laws OF the State
of Arizona, and do hereby adopt tho
following Articles OF Incorporation.
ARTICLE
The names. residences and post office
addresses OF the incorporators arc as
follows:
M. Karam, 1873 Morley Avenue, No.
gales, ARIZONA.
A. N. Karam. 1873 Morley Avenue,
Nogales, Arizona.
j. N. Karam. 1873 Morley Avenue,
Nogales, Arizona.
Sahid Karam, 1873 Morley Avenue,
Nogales, Arizona.
ARTICLE II
KARAM AND SONS MERCANTILE
COMPANY. /"
ARTICLE III
The principal place of business OF the
corporation shall be Nogalea, Santa
Cruz county, Arizona. but the corpora.
tion may have such branch Offices with.
In or without the State Of Arizona as
may hereafter bS established by the
Board Of Directors, and meetings Ui
the Board OF Directors may be held and
any business transacted at any branch
Office.
ARTICLE w
The general nature of the business
proposed to be transacted by the cor
poration is ss follows:
To manufacture, buy, sell and deal
In at Wholesale and retail. dry goods,
clothing. wearing apparel and textile
fabrics of every kind, hats, caps, mil
inery. boots, shoes, furnishing goods,
fancy goods, and all articles and mer-
chandise OF like general character and
description, and to conduct the bust.
ness Of general dry goods and clothing
merchants, tailors, drapers, hAberdash-
ers. milliners, dressmakers and general
outhtters; to carry on . general mer-
camille or merchandise business and to
purchase. sell and deal in such goods,
supplies and merchandise as are or may
| be sold In general mercantile store,
| and in the course Of such business to
draw, accept. indorse. acquire. buy and
sell all or any negotiable or transfer-
able Instruments and securities; to Dor.
row and lend money; to make and per-
form contracts; to purchase. lease or
otherwise acquire, own,- exchange. sell,
or dispose Of, pledge, mortgage, hypo-
thecate and deal In real estate, any and
al kinds OF personal property Of any
! person, firm, association or corpora ;
| tion, and pay for the same in cash or
| stock. bends or obligations OF this COR
| poration, or esherwise.
To issue bonds, notes, debentures or
| other forms of corporate obligations
and to sell, pledge, hypothecate the
same, and to secure the payment there.
OF by mortgage, pledge or otherwise
| upon all or any part of the property OF
the company; together with the right
to own, acquire and buy back its own
stock, bonds or other legations; to
purchase. acquire, hold, sell and dis
pose OF stock, bonds or other evidences
| OF indebtedness Of any corporation, do.
mestic or foreign, and to issue and ex.
change therefor its stock, bonds or
other obligations; and In carrying on
its business, or for the purpose OF at
talning or furthering any Of It's objects,
to do any and oil other acts and things,
and to exercise any and all other DOW.
ers which natural person could do or
exercise, and which now or hereafter
may be authorized by law.
ARTICLE Nv
The amount OF the capital stock of
this corporation shall be Five Hundred
Thousand (S50O, 600 OO) Dollsrs, divided
into five thousand $1,000. .OOl shares OF
the par value OF One Hundred ts1OO 90,
Dollars each.
The capital stock shall be common
stock, and the terms upon which the
sameis created are that it shall be is.
sued to the full par value thereof. and
said stock shall be issued as fully paid
and non assessable, and the capital
stock OF this corporation, after it's full
par value has been paid, shall not be
subject to assessment to pay the debts
of the corporation. Said capital stock
may be payable in cash, or by the sale
and transfer to 1t of real or personal
property, contracts, services, or any
valuable right, or thing for the uses
and purposes of said corporation. or
for satisfying Indebtedness, and in the
absence of actual fraud In the transac-
tion. the judgment OF the directors as
to the value thereof shall be conclusive.
ARTICLE w
The time OF the commencement of
this corporation shall be the date on
which q certificate of incorporation is
issued by the Corporation Commission
OF the State Of Arizona. and it shall
terminate twenty-five t25) years there.
after, unless renewed and extended by
law.
ARTICLE VII
The affairs Of this corpcration shall
be conducted by board of not less
than three nor more than seven direc.
tors, who shall be stockholders of the
corporation. Said directors shall be
elected at the annual meeting OF the
stock holders, and shall serve one year,
and until their successors are elected
and qualified. Tho annual meeting OF
this corporation shall be held st such
place. time and hour as may be pre-
scribed by the bylaws of the corpora
49, Vlo R,at koouI - Isoookoro oh II