The daily morning oasis. [volume] (Nogales, Ariz.) 1917-1920, 1920-08-14

and factories for the repair, improve
ment, construction and manufactul e
of aer planes and airships, and their
accessories to repair, build, construct
and manufacture aeroplanes and OIL
ships End their accessories; to pur-
chase, lease, sell, and otherwise &C
quire and dispose of and deal in
agencies in the State of Arizona and
the Republic of Mexico from the
manufacturers of areoplanes and air
ships, for the sale of their products.
-(f) To issue bonds, notes, de-
bentures, or other forms of corporate
obligations, and to sell, pledge or
hypotAccate the same, and to secure
the payment thereof by mortgage or
otherwise upon all or any part of the
propert les, of the corporation.
(g) To hold, purchase, buy and
otherwise acquire, and to sell, ex-
chang, mortgage, pledge and other
wise deal in the bonds, notes,
mortg. res, debentures, shares CT
capital stock, and other securities and
obligations of any private corpora
ton, and also receive, collect and
! otherwise dispose of interest, divi-
dends CT income from any of the Sc
curities held, owned or acquired by
the corporation, and to exercise IN
. respect Of 80 bonds, notes, mort
cages, debentures, shares of capital
stock and other securities and obliga-
tions, Ill the rights, powers and phi
vileges of individual owners thereof,
including the rigrt to vote upon any
shares Of stock held by it to the same
extent that a natural person might
or coulJ do.
CHI To sell or issue all or any
part of it's capital stock, or any bonds,
debentures or other evidences of in
detteIress authorized by it's board of
directors, in payment for the good
will, tights, business, personal prop
erty, zeal estate OF leases thereon, of
any person, firm, association or corp
oration. and the judgment of its
board CT directors as to the value Of
such good will, rights, business,
properly, real estate or leases there
on. shall be conclusive in the absence
of fra,l1.
| G) TO remunerate any person,
| person, or corporation for services
renderei, in placing or assisting to
place any of the shares Of the COM
pany'5 capital stock, or any de-
bentura, bond or other security of
! the formation or promotion of the
the company, or for services in or
about the formation or promotion of
the company, or the conduct OF its
business, all upon such terms as the
board of directors may approve.
CD To make any ant all contracts,
acquire any and all species of prop
erty, and to possess the same powers
in sucli respects as private IN
dividuaIs now enjoy, and in general
to do all things necessary or con-
verient to the proper conduct of the
business of the corporation in the
State Of Arizona and elsewhere, not
Inconsistent with the laws of the
United States and of the State OF
arizona.
ARTICLE v.
The authorized amount of the cap
ttal stock of this corporation shall
re One Hundred Thousand ($1OO,.
OOO.OO( Dollars, divided into one
thousand (1OO0) shares of the pa
,alue Of One Hundred 100000.
Dollars each. Upon subscription
herefo1 said capital stock shall b.
aid into the corporation in such man
,er and upon such terms as tn
BOARD cf directors may fix in cash
arvice3, of by the sale, transfer ant
ssignment to the corporation o
,roperty, property rights or inter
SITS therein, real or personal, for tn
.ses and purposes of the corporation
nd in payment for which, shares o
re capital stock of the corporatio
ray be issued, and such stock s
sued shall thereupon and thereb
ecome and be fully paid up and non
ssess .hle, and in the absence of &C
ual fraud in the transaction. tn
Judgment of the board Of directors a
Q the value of the services rendere
r property purchased shall be COZ
lusive
ARTICLE VI.
The time of the commencement
MS corporation shall be the date {
re filing of its Articles with til
.orporation Commission of the Sta,
f Arizona and the recording of sam
the office of the County Recort
Y of Santa Cruz County, Arizon
nd the termination thereof shall |
wentv- five years thereafter, wit
he right in the corporation to rene
is charter for an additional period
wenty five years as now provide
~ law.
ARTICLE VII.
The management and conduct
# he bu mess, property and affairs
! he corporation shall be vested
RI | md conducted by Board of Dire
e tors NJ not less han three (3) n
t, nore tran fifteen (15) persons, WI
Il hal he stockholders Of this cor
G. )ration, and all directors, except
q .ase Of vacancies, shall be elected
Il 5he annual meeting of stockholdel
MT H. .e:,c4 boord Until T.