The border vidette., 1927-11-19
ARTICLES OF INCORPORATION
M. Karam and Sons Mercantile Company

PRESENTS: That we, the under
signed, do hereby associate ourselves
together for the purpose OF forming a
corporation under the. laws of the State
of Arizona, and do hereby adopt the
following Articles of Incorporation.
ARTICLE
The names. residences AID post office
addresses Of the incorporat0rs are 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
The name OF this corporation is IN.
KARAM AND SONS MERCANTILE
COMPANY. -
ARTICLE III
The principal place OF business of the
corporation shall be Nogsles. Santa
Cruz county, Arizona. bnt the corpora.
tion may have such branch offices with
in or without the State Of Arizona as
may hereafter be established by the
Board of Directors. and meetings of
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
porstion is as 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, mill
linery, boots, shoes, furnishing goods,
fancy goods. and all articles and mer-
chandise Of like general character and
description. aud to conduct the bust.
ness OF general dry goods and clothing
merchants, tailors. drapers, haberdash-
ers. milliners, dressmakers and general
Out6tters; 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 conrse OF such business to
| draw, accept, indorse. acquire. buy and
sell all or any negotiable or transfer
able Instruments and securities; TO bor-
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
all kinds OF personal property of any
| person, firm. association or corpora
ton, and pay for the same in cash or
stock, bends or obligations of this COR
| poration, or otherwise.
| 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 ell 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 obligations; to
purchase, acquire, hold, sell and dis
pose OF stock, bonds or other evidences
| of Indebtedness OF any corporation, do
nestle 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.
tanning or furthering any OF It's objects,
to do any and all other acts and things,
and to exercise. any and all other pow
ers which q 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 $500, 600 O0) Dollars, divided
into five thousand 100000 shares OF
the par value of One Hundred tSlOO 90.
Dollars each.
The capital stock shall be common
stock, and the terms upon which the
same Is created are that It shall be is.
sued to the full par value thereof, and
said stock shall be issued as fully paid
| and nom 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 it 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 Nv
The time OF the commencement of
this corporation shall be the date on
which 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 corporation 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
stockholders, and shall serve one year.
and until their successors are elected
and qualified. The annual meeting of
this corporation shall be held at such
place. time and hour as may be pre-
scribed by the bylaws Of the corpora.
ton. The first board OF directors shall
ha elected nv tha inc0rnOratora who