The border vidette. (Nogales, Ariz.) 1894-1934, 1927-12-17
ARTICLES OF INCORPORATION
N. Kafam 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 q
corporation under the laws OF the State
of Arizona. and do hereby adopt the
following Articles OF Incorporation.
ARTICLE I
The names. residences and post office
add resses Of the incorporators are as
follows:
N. Karam, 1873 Morley Avenue, No
gales, Arizona.
A N Karam. 1873 Morley Avenue,
Nogales, Arizona.
j. N. Karam. 1873 Morley Avenue,
HOR ales, ArisOnA.
Sshid Karam. 1873 Morley Avenue,
Nogales. Arizona.
ARTICLE II
The name OF this corporation il I'M.
KARAM AND SONS MERCANTILE
COMPANY
ARTICLE III
The principal place OF business Of the
corporation shall be Nogsles. Santa
Cruz county, Arizona. but 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
ofice.
ARTICLE w
The general nature of the business
proposed to be transacted by the cor
porstion is az follows:
To manufacture, buy, sell and deal
In at Wholesale and retail, dry goods,
clothing. wearing apparel end textile
| fabrics Of every kind, hats, cops, mil
linery. boots, shoes, furnishing goods,
fancy goods, and all articles aud NOR
chandise of like general character and
description. aud to conduct the bust.
ness Of general dry goods and clothing
merchants, tsilors. drapers, hSberdasb-
Lers. milliners, dressmakors and general
Outfitters; to carry on q general mer-
camille or merchandise business end TO
purchase. sell and deal in such goods,
| supplies and merchandise rs are or may
be sold IN general mercantile store,
and in the course OF such business to
draw, accept, indorso, acquire, buy and
sell ell or any negotiable or transfer
able Instruments and securities: 80 Dor.
row and lend money; to make and per-
form contracts; to purchase. lease OF
otherwise acquire, own, exchange. sell,
or dispose Of, pledge, mortgage, hypo-
thecste snd 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 OF
stock, bends or obligations OF this cor
@poration, or otherwise.
/ To issue bonds, notes, debentures or
other forms Of corporate obligation.
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 oil
the company; together with the right
to own. acquire and buy back It's own
stock. bonds or other obligations; ia
purchase, acquire, hold, sell and lis
| pose OF stock, bonds or other evidences
| Of Indebtedness Of Any corporation, do.
nestle or foreign. and to issue and ex
| change therefor, it's stock, bonds OF
other obligations; and IN carrying on
| its business, or for the purpose of at-
tanning or. furthering any of tie objects
to do any and ali other acts and things,
and to exercise any and ell other pow.
ers which Q natural person could do or
exercise, and which now or hereafter
may be authorised by law.
ARTICLE Nv
The amount Of the capital stock OF
this corporation shalt be Five Hundred
Thousand (e5OO, GOO OO) Dollars. divided
into i've thousand (5.O00.OO) shares OF
the par value OF One Hundred (e100 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-
sned 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 Id 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
sbsence OF actual frsud 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 ear,
and until their successors are elected
and qualified The annual meeting Of
this corporation shall be held at such
place, time and hour rs may be pre-
scribed by the bylaws of the corpora
tinn The frat hOprd NJ dirackOrs shall