The daily morning oasis. [volume] (Nogales, Ariz.) 1917-1920, 1920-08-13

ment, construction and manufactm c
of aer planes and airships, and theil
accessories to repair, build, construc,
and manufacture aeroplanes and dr.
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
nypothccate the same, and to secure
the payment thereof by mortgage or
otherwise upon all or any part of the
properties of the corporation.
(g) To hold, purchase, buy and
otherwise acquire, and to sell, ex-
change, mortgage, pledge and other
wise deal in the bonds, notes,
mortgages, debentures, shares CT
capital stock, and other securities and
obligations of any private corpora
ton, md also receive, collect and
otherwise dispose of interest, divi-
dends OF income from any of the Sc
curitieS held, owned or acquired by
the corporation, and to exercise IN
respect Of ,, bonds, notes, mort
cages, debentures, shares of capital
stock and other securities and obliga-
tions, Ill the rights, powers and pri-
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.
(h) To sell or issue all or any
part of it's capital stock, or any bonds,
debentures or other evidences of in
dehtedress authorized by it's board of
directors, in payment for the good
will, tights, business, personal prop
erty, zeal estate or leases thereon, Of
any person, firm, association or CORP
Grafton. and the judgment of its
board Of directors as to the value Of
such good will, rights, business,
property, real estate or leases there
on, shall be conclusive in the absence
of FRAUD.
D TO remunerate any person,
person, or corporation for services
rendered, in placing or assisting to
place any of the shares Of the COM
pany's capital stock, or any de-
benture, 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 and all contracts,
acquire any and all species of prop
erty, and to possess the same powers
n such respects as private m
lividuais 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
,e One Hundred Thousand $780,.
oO0.00l Dollars, divided into one
thousand 10000 shares of the PAL
'alue Of One Hundred ($100.O0)
Dollars each. Upon subscription
therefor said capital stock shall be
laid into the corporation in such man
'er and upon such terms as the
,oard Of directors may fix in cash
ervice3, of by the sale, transfer and
ssignment to the corporation OF
roperty, property rights or inter
SITS therein, real or personal, for the
'ses and purposes of the corporation
nd in payment for which, shares O1
ne capital stock of the corporation
nay be issued, and such stock Sc
5sued shall thereupon and thereby
ecome and be fully paid up and non-
assess .hle, and in the absence of &C.
ual fraud in the transaction. the
Judgment of the board of directors as
the value of the services rendered
n property purchased shall be con-
| ,lusive
ARTICLE VI.
The time of the commencement :.
his corporation shall be the date o.
he filing of it's Articles with thu
Corporation Commission of the State
f Arizona and the recording of same
n the office of the County Record
n of Santa Cruz County, Arizona
and the termination thereof shall b.
.wenty- five years thereafter, will
he right in the corporation to renev
its charter for an additional period o
twenty five years as now provide
by law.
ARTICLE VII.
The management and conduct O
the bu;iness, property and affairs o
the corporation shall be vested il
and conducted by Board of Direc
tors of not less han three (3) no
more tran fifteen (15) persons, VIII
shall he stockholders Of this corp
grafton, and all directors, except i
case Of vacancies, shall be elected a
the annual meeting of stockholder'
except the first board. Until tn
first alnual meeting and until thei
successors are elected and qualified
the following named persons sha
constitute the first board of dlret