Nogales international., 1927-01-23

paAt OF the property OF tie cor
porat on; to purchase, acquire,
nold, sell and dispose of the stock,
bonds or other evidences Of lndeb-
tedness of any corporation, dom
estic or foreign, and to issue and
exchange therefor its stocks, bonds
or other obligations.
Without in any particular limit
ing any of the objects, or pur-
poses or powers of the corpora
ton, the business or purposes of
the corporation shall be from time
to time to do any one or more or
all Of the acts and things herein
set forth, and all such other acts,
things and business or businesses
in any manner connected there
with, or necessary incidental, con-
venient or auxiliary thereto, or
calculated directly or indirectly to
promote the interests Of the cor
Eoration or enhance the value of
or render profitable any of its
property or rights, as such cor
poration may lawfully do; and in
carrying on its business, or for the
purpose of attaining or furthering
any of it's objects, to do any and
all acts and things, and to exercise
any and all other powers which a
co-partnership or natural person
could do and exercise, and which
now or hereafter may be author
lied by law, and either as, or by
apd through principals, agents, at
torneys, trustees, contractors,
factors, lessons, lessees, or other
wise, either alone or in conjunc-
ton with others and in any part of
the world; and in addition to have
and to exercise all the rights, pow
ers and privileges now or hereaft-
er belonging to or conferred upon
corporations organized under the
provisions of the law authorizing
the formation of such corpora
tionS.
ARTICLE v.
The authorized amount of the
capital stock of this corporation
shall be Twenty Five Thousand
($25,000.00) Dollars, divided into
twenty-five hundred (25O0) shares
of the par value of Ten $4,000
Dollars each. Upon subscription
therefor said capital stock shall be
paid into the corporation in such
manner and upon such terms as
the board of directors may fix in
cash, services, or by the sale,
transfer and assignment to the
corporation Of property, property
rights or interests therein, real or
; personal, for the uses and pur-
poses of the corporation, and in
payment for which, shares of the
capital stock Of the corporation
may be issued, and such stock so
issued shall thereupon and thereby
become and be fully paid up and
non-assessable, and in the absence
of actual fraud in the transaction
the iudenent of the Board of
Directors as to the value of the
services rendered or property pur-
ohased shall be conclusive.
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, Arizona, and the
termination thereof shall be TWEEN
ty-five years thereafter, with the
right in the corporation to renew
it's charter for an additional per.
iod of twenty-five years as now
provided by law.
ARTICLE VII.
The management and conduct OF
the business, property and affairs
of the corporation shall be vestec
in and conducted by a board OF
directors of not less than three
| (3) nor more than seven Cd per-
sons, and all directors, except in
case of vacancies, shall be elected
at the annual meeting Of stock.
holders, except the first board
which is chosen as in these articles
hereinafter set forth. The of.
ficers of the company shall con.
sist of a President, Vice-President
Secretary and Treasurer, and such
other officers as the Board OF
Directors shall deem expedient
and all shall be elected or appoint
| ed by the Board Of Directors. Any
two or more offices, the duties OF
incumbent Of which are not incon-
sistent, may be held by the same
person. Both the officers and di-
rectors shall hold their offices 70,
the period of one year from and
after election and qualification and
until their successors are elected
and qualified, unless removed by
the board. The directors shall
have the right to fill any vacancy
occurring in the board by death
resignation, or otherwise, and the
person or persons elected to iii
any such vacancy or vacancies
shall hold his office until the next
regular meeting Of stockholders,
ARTICLE VIII.
The regular annual meeting Of
the stockholders shall be held at
the principal office Of the corpora
Il CONF Al