The daily morning oasis. [volume] (Nogales, Ariz.) 1917-1920, 1920-08-31
Pathe News No. 81
IAN Oil Can Romeo"

ment OF the board of directors as to
the value of property {, services
taken in exchange for stock shall be
conclusive in tie absence of fraud.
The stock of this corporation shall
be non assessable.
ARTICLE vi.
The time of the commencement of
this corporation shall be the date of
the filing of its Articles with the
Corporation Commission of the State
of Arizona and the recording of
same in the office of the County
Recorder of Santa Cruz County, Ari-
IONA, ard the terminatiQr thereof
shall be twenty-five years thereafter,
unless renewed in the manner provid-
ed by law.
ARTICLE VII.
The affairs Of this corporation shall
, be conducted by Board of Directors
of not less than three (3) nor more
than se> en- CD persons, who shall be
| stockholders of this corporation. The
| first board of directors shall be
elected by the incorporatois and shall
serve until the first annual meeting
of this corporation and until their
successors are elected and qualified
Directors shall be elected at the an
nual meeting OF the stockht lders and
shall serve for one year and until
their successors are elected and
qualified. The annual meeting of
the corporation shall be held at such
place and hour as may BE- prescribed
by the bylaws of the corporation, on
the first Monday in February of each
year. Special meetings may be held
at such time and place ana in such
manner rs may be prescribed by the
bylaws of the corporation. If at
any time a vacancy in tn, Board of
Directors shall occur such vacancy
may be filled by the remaining di-
rectors in the office. The person so
chosen to fill a vacancy shall serve
during the unexpired term of his
precedecessor and until his successor
is elected and qualified.
| ARTICLE VIII
The officers of this corporation
shall be a President, Vice President,
Secretary and Treasurer. who shall
be elected by the board of di-
erctors Such officers nay or may
not be members of the Board of Di-
rectors. ANY two or more offices,
the d,t,es of the ipcumbent of which
are no; inconsistent may he held by
The same person. TIE fist officers
shall b.. elected by the first board of
directors chosen by the incorporators.
thereafter officers shall be elected
by the board of directors Immediate
ly after each annual meeting of the
| stockho' ders Of the corpo1 alton, and
shall hold office for one year and
until their successors are elected and
| qualified. In the event of a vacancy
| m any office, the board of directors
may fiji, the same and the person so
selected shall serve the unexpired
term of his predecessor ac': until his
successor is elected and qualified.
Additional offices may be created by
the stockholders of the corporation,
and when so created shall be filled
and vacancies therein supplied by the
Board CT directors.
ARTICLE TX.
! The Board of Directors shall have
the power to make and altel the by
laws of the corporation; to fix the
amour. to he reserved Sc working
;apital; and to authorize and cause
| % be executed mortga ges. tlebentures,
| md other obligations which shall be
lens upon the property and franchises
of the corporation. and, in general to
overci &C. all the powers an authority
# the company not expressly with
neld from said Board by lew, or by
these <.1ticles Of incorporation. or by
the affirmative action of the STOCK
holders
ARTICLE x.
The stockholders and members Of
this CORPORATION and their private
property shall be EXEMPT from any
liability for the debts Of this corp
grafton.
ARTICLE XI.
With the consent of the holders OF
,wo-thiro (2-3) in amouri of the
capital took of this comrany, issued
and outstanding when evidenced in
writing or with the corsent OF
majority in amount of the capital
took of the corporation, issued and
outstanding, when expressed by a
.esolutiGn adopted at a meeting of
lie stockholders of the company duly
,eld AMI called pursuant to the by
avs, the directors shall have au
lority to sell or otherwise dispose
# in such manner as may be au-
thorized, the entire property and as
cts OF the corporation.
ARTICLE XII.
The Indebtedness of TIL. corpora
ion shall at no time exceed the sum
f Thirty Thousand lS30,Oc0.o0)
Dollars
ARTICLE XIII.
| Duane Bird, of Nogales, Santa
'ruz County. Arizona, who has been
bona fide resident of the State of
\rizona for at least three (3) years,
hereby appointed the lawful agent
f this corporation for anil in behalf
| f it, to accept and acknowledge
rrvice. and unon whom m@v be serV-
Il all necessary process IN any ac-
ion, suit or proceeding that may be
held OF brought against this corpora
ton in any of The Courts cf the State