The daily morning oasis., 1920-11-04

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 (26) years there.
after, unless renewed or dissolved be.
fore that time by a majority vote OF
it's members, or by operation OF law.
~.
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, Ari-
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 anywhere throughout the
worlj by mail, express, parcel post,
carrier, or personal delivery; TO 40
and transact a general book, book
binding and Job printing 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 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-
rines, motors, auto trucks, auto
mobile, electric motors for driving
presses, and for typesetting. and all
other machinery or mechanical ap-
pliances necessary for the proper con-
duct of 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; 70
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 corporation; to buy,
hold, own, sell shares IN this or 9TH
er corporations, and to pledge or
hypothecate the same to secure re-
payment of money borrowed by and
on behalf of this corporation; ond to
exercise all ether powers the Board
of Directors of this corporation may
deem necessary fer the legal and
proper conduct Of its business, and to
do each and everything necessary,
suitable, OF proper for the accom-
plishment of any of the purposes, or
attainment of any of the objects
herein enumerated. or which shall,
at 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 (5O0) shares par value Fifty
($50.00) 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
or by the sale and transfer to the
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.
The highest amount of indebted
ness or liability. either direct or
contingent, 10 which this corporation
is at any t4rAe 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 its corporate debts.
VII.
The business affairs of this corp
Grafton shall be conducted by its
Board Of Directors, consisting of
seven members, each of whom shall
be stockholder; and whenever any
Director shall cease to be a stock
holder, he shall at the same time
cease to be a Director. They shall
be elected annually by the stockhold-
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