The daily morning oasis., 1920-11-05

Commission, and a certified copy
thereof in the Office of the County
Recorder of Santa Cruz Coanty, ArI~
zona; and the termlnatiOn thereof
shall be TWENTY-FIVE (25) years there.
after, unless renewed or dissolved be-
fore that time by a majority vote OF
its members, or by operation of law
The general nature Of the business
proposed to be transacted by this
corporation is:
TO conduct q regular printing and
publishing business in the City OF
Nogales. Santa Cruz County, Ari-
IONA, or anywhere else in the State
of Arizona. the United States OF
America, or the Republic of Mexico;
to publish books, newspapers. mag
azines or other periodicals. pamphlets.
circulars, etc., and to sell the same
for delivery anywhere throughout the
worll by mail, express, parcel post
carrier, or personal delivery; to do
and transact d general bpok, book
bind.ng and job printing business IN
said City and in the region COM
fercially tributary thereto: to buy
and sell news print paper, book and
lob printing paper. inks. and other
commodities and materials neces-
sary for the conduct of said business;
to buy and sell printing presses type,
type setting and casting machines en-
gines, motors, auto trpeks. auto
mobile, electric mqtogs for driving
presses, and Tor typesetting, and all
other machinery or mechanical ap~
tliances necessary for the proper con
duct of said, business; to buy, sell own
and hold, by purehasa. lease. OF other
wise, In said City of Nogales, and
elsewhere, personal PROPERTY Of all
kinds, real estate. buildings. houses.
and other structures that the Board
of Directors may deem necessary; to
borrow money, and to secure payment
of the same; to pledge. mortgage, or
hypothecate any real estate or per-
sonal property of whatsoever nature
owned by the corporatiJh:. TO- RNTj,.
hold, own, sell shares III this or 9th
er corporations, And 70 pledge OF
ltypothetata the same to secure re-
payment OF, money borrowed by and
on behalf of this eorporation; ond to
exercise all other powers the Board
sf Directors of this corporation may
deem necessary for the legal and
proper conduct of It's business, and to
do each and everything necessary,
suitable, or proper for the acccth-
plishment of any of. the pNSposes, or
attainment Of. any ef the objects
herein enumerated. or which shall,
1T any time, appear conducive to, or
eXpedient for the protection of the
purposes OF this corporation.
v.
The capital stock of this corpora
tion shall be Twenty-Five Thousand
($25,000) Dollars, divided into five
hundred (500l shares par value Fifty
($5Q.08l Dollars. per share. AT
such time and under such conditions
as the Board of Directors may de-
termine, subscriptions to the capital
stock shall be paid for. either in cash
CT by the sale and transfer to tic
corporation of real or personal prop
erty, for uses and purposes of the
corporation, or for services render
ed; and said stock when issued. shall
pc fully paid and non-assessable
vi.
The highest amount of indebted
ness or liability, either direct or
contingent, to which this corporation
is at any time to subject itself, shall
not exceed two-thirds of the amount
Of it's capital, stock; and the private
property of the stockholders of this
corporation shall be exempt from the
payment of it's corporate debts.
VII.
The business affairs of this CORP
oration shall be- conducted by its
Board of Directors, consisting of
seven members, each Of whom shall
be- a stockholder; and whenever any
Director shall cease to be a stock
holder, he shall at the same time
cease to be Director. They shall
be elected annually by the stockhold-
ers at their regular annual meeting