The border vidette., 1928-01-21
ARTICLES OF INCORPORATION
M. Karam and Sons Mercantile Company


of Arizona, and dc hereby adopt the
following Articles OF Incorporation.
ARTICLE +
The names, residences and post office
add dresses Of the incorporators are as
follows:
M. Karam, 1873 Morley Avenue, No
gales, Arizona
A N Karam. 133 Morley Avenue,
Nogales, Arizona.
j. N. Karam, 1873 Morley Avenue,
Nogales, AriEona.
Sahid Karam, 1873 Morley Avenue,
Nogales, Arizona.
ARTICLE II
The name OF this corporation is 'M.
ARTICLE III
The principal place or business OF the
corporation shall be Nogalee. Santa
Crnz county, Arizona. but the corpora
ton 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
| poration 10 rs 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
linery. boots, shoes, furnishing goods,
| fancy goods, and all articles and mer-
chandise OF @ike general character and
description, and to conduct the bust.
ness of general dry goods and clothing
merchants, tailOrs, drapers, haberdash-
ers. milliners, dressmRkers and general
outfitters; 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 10 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 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.
i To issue bonds, notes, debentures or
other forms of corporate obligations
and to sell, pledge. hypothecate the
same and to secure the payment there
/ 0f % m MI oHrrn 1T h ,foc
upon sll 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
mestic or foreign. and to issue and ex-
change therefor its stock, bonds or
other obligations; and In carrying or
its business, or for the purpose Of at
to do any and all other acts and things,
ers which natural person could do or
exercise. and which now or hereafter
may be authorized by law.
ARTICLE w
The amount of the capital stock of
this corporation shall be Five Hundr red
Thousand (S500,000 00) Dollars. divided
into five thousand (5,0O0O0) shares OF
the par value Of One Hundred (S1OO 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 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 l25) 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
tockholders, 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 by Flaws of the corpora.
tion. The first board OF directors shall
be elected by the incorporators, who
shall serve until their successors are
elected and qualified. If at any time
a vacancy in the board of directors
shall occur, said vacancy may be filled
by the remaining members of the board