Nogales international., 1926-12-26

any and all acts and things, and
to exercise any and all other pow
ers which a co-partnership or nat
ural person could do and exercise,
and which now or hereafter may
be authorized by law, and either
as, or by and through principals,
agents, attorneys, trustees, con-
tractors, factors, leasors, lessees,
or otherwise, either alone or in
conjunction with others and in any
part of the world; and in addition
to have and to exercise all the
rights, powers and privileges now
or hereafter belonging to or con-
ferred upon corporations organ
lied under the provisions of the
law authorizing the formation of
such corporations.
ARTICLE v.
The authorized amount of the
capital stock of this corporation
shall be One Hundred Thousand
($100,0O0.00) Dollars, divided in
to one thousand 10000 shares of
the par value of One Hundred
($1O0.0O) Dollars each. Upon
subscription therefor said capital
stock shall be paid into the cor
poration in such manner and up
on such terms as the board of di-
rectors may fix in cash, services,
or Dy the sale, transfer and assign
menu to the corporation of proper
ty, property rights or interests
thereln, real or personal, for the
uses and purposes of the CORPORA
ton, and in payment for which.
shares of the capital stock Of the
corporation may be issued, and
such stock so issued shall there
upon and thereby become and be
fully paid up and worcestershire,
and in the absence of actual fraud
in the transaction, the judgment
of the board of directors as to the
value of the services rendered OF
Iproperty purchased shall be con.
Iclusive.
| ARTICLE vi.
| The time of the commencement
of this corporation shall be the
date of the filing of its articles
with the Corporation Commission
lof the State Of Rrizona and the
krecording Of same in the office oil
1.-THE County Recorder of Santa Cruz
| ICounty, Arizona. and the ternnina
Ition thereof shall be twenty-five
Iyears thereafter, with the right ir
the corporation to renew its char
ter for an additional period ot
twenty-five years as now provid
led by law.
i ARTICLE VII.
| The management and conduc
of the business, property and af
fairs of the corporation shall b,
vested in and conducted by ,
Eboard of directors of not less thar
three (3) nor more than sever
| Cd persons, and all directors, ex
cept in case of vacancies, shall b,
elected at the annual meeting o.
stockholders, except the frs
board, which is chosen as in these
articles hereinafter set forth. TIL,
officers of the company shall con
sist of President, Vice-Presi
dent, Secretary and Treasurer
and such other officers as th'
Board of Directors shall deem ex
pedient, and all shall be electet
or appointed by the Board o.
Directors. Any two or more of
fices, the duties of the incumben
Eof which are not inconsistent
may be held by the same person
! Both the officers and director
shall hold their offices for thu
Iperiod of one year from
and after election and quail
fication and until their success
ors are elected and qualified, un
less removed by the board. Tht
directors shall have the right tt
fill any vacancy occurring in the
board by death, resignation, Of
otherwise, and the person or per
lsons elected to fill any sucl
vacancy or vacancies shall hole
his office until the next regular
meeting of stockholders.
I, ARTICLE VIII.
The regular annual meeting OF
the stockholders shall be held at
the principal office of the cor
operation on the fourth Monday in
October in each year, commencing
with the year 1927.
! ARTICLE TX.
| The incorporators shall name
the persons who shall constitute
the first board of directors and
/, when so selected by the incorpora-
tors said members of the board
shall serve until the first annual
stockholders meeting and until
/ their successors are elected and
/ qualified.
ARTICLE x.
; The board of directors shall
have the power to make and alter
the bylaws Of the corporation; |;
to fix the amount to be reserved
as working capital, and to author
ize and cause to be executed
mortgages, debentures, and other
obligations which shall be liens
upon the property and franchises
of the corporation, and, in gen
eral to exercise all the powers and
authority of the company not ex-
pressly withheld from said board
INV law. or by these Articles OF