The daily morning oasis., 1920-11-06

Commission, and certified copy
thereof in the Office of the County
Recorder of Santa Cruz County, Arl~
zona; and the termination thereof
shall be twenty-five (25) wears there
after, unless renewed or dissolved be-
fore that time by a majority vote OF
it's members. or by operation of law
IV.
The general nature of the business
proposed TO be transacted by THIS
CORPORATION is: !,
To conduct a regular printing and
publishing business in the City of
Nogales. Santa Cruz County, Arl-
zona, 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 apyWhere throughout the
worIl by mail, express, parcel post,
carrier, or personal delivery; to do
and transact a general b1ok, BOOK
binding and Job pyinting business IN
said City and in the region COM
fercially tributary thereto; to- buy
and Sell news print paper, book and
job printing paper. inks, and otner
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 trucks, auto
mobile, electric motors for qrIym!g
presses, and for typesetting, and, all
other machinery or mechanical ap-
nliances necessary for the proper con-
ductiof said business: to buy, sell own,
and hold, by purchase, Lease. or 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
hynothecate any real estate or per-
sonal property of whatsoever nature
owned by the corporat!5ps to buy
hold, QWR, self shares in this or 9th.
er 1corpoFations, and to pledge OF
hypothecate the same To secure re-
payment Of money borrowed by and
on behalf eff this corporation; ond to
exercise all other powers the B0ard
Of Directors of this corporation may
deem necessary for the legal ano
proper conduct Of its business, and to
do each and everything necessagy
suitable, or proper for the accom-
attsinmsnt 6f any Of the objects
herein enumerated, or which shall
at any time, appear conducive to, OF
expedient for the protection of the
purposes of this corporation.
V.
The capital stock of this corpora.
tion shall be Twenty-Five Thousand
4 I$25, ,000) Dollars, divided into five
hundred (500l shares par value Fiftl
II $50.00l Dollars. per. share. A
|4such time and under such condition!
las the Board of Directors may de.
Htermine, subscriptions to the capita
&steek shall be paid for, either in casf
~'cr by the sale and transfer to tx
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
be fully paid and non-assessable
vi.
Yhe highest amount of indebted.
ness or liability, either direct Of
contingent, to which this corporation
Is at any time to subject itself, shall
not exceed two-thirds of the amount
of its capital stock; and the private
property of the stockholders of this
corporation shall be exempt from tbs
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 shal
be a stockholder; and whenever any
Director shall cease to be a stock.
holder, he shall at the same time
cease to be a Director. They shal
be elected annually by the stockhold
ers at their regular annual meeting