Nogales international., 1927-01-16
Nogaes International Peoples Favorte Newspaper

sell, assign, transfer, pledge or
otherwise dispose Of contracts for
the sale or conditional sale of auto.
mobiles. automobile accessories.
automobile supplies .~and per-
sonai property Of every kind
and description; to make and
perform contracts, to pur.
chase, lease, or otherwise ac.
qulre, own, exchange, sell, or dis
pose OF, pledge, mortgage, hypo.
ltheeate and deal in, real estate.
any and all kinds of personal
property, and the good will, rights
and property Of any person, firm.
lassociatlon or corporation, and
pay Tor the same in cash or stock.
bonds or obligations of this cor.
porat;on, or otherwise.
| To issue bonds, notes. deben.
tures or other forms Of corporate
obligations and to sell, pledge or
hypothecate the, same and to Sc
cure the payment thereof by mort
!gage or otherwise upon all or any
part of the property of the corpo-
ration; to purchase, acquire, hold
sell and dispose of the stock. bonds
|or other evidences of indebtedness
of any corporation, domestic or
foreign, and to issue and exchange
tnerefor its stock, bonds or other
obligations.
4
! Without in any particular Limit.
ling any of the objects, or purposes
or powers of the corporation. the
business ar purposes Of the cor
Iporation shall be from time to time
ito Go 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
poration or enhance the value Of
or render profitable any of it's
property or rights, as such a cor
lporation may lawfully do; and in
carrying on its business, or for
the purpose Of attaining or fur
therlng any of it's objects, to do
any and all acts and things, and
to exercise any and all other pow
ers which a co-partnership or nat
uraI 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-
! felred upon corporations organ
ICED 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
($100,000.00) Dollars, divided in
to one thousand 10000 shares of
the par value of One Hundred
t$100.00) 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 by the sale, transfer and assign
ment to the corporation Of proper
ty, property rights or interests
therein, real or personal, for the
uses and purposes Of the corpora
tion, 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 or
property purchased shall be con-
elusive.
ARTICLE vi.
The time Of the commencement
Iof this corporation shall be the
date Of the filing Of its articles
with the Corporation Commission
Of the State Of Rrizona and the
recording Of same in the office Of
the County Recorder Of Santa Cruz
County, Arizona. and the termina-
ton thereof shall be twenty-five
years thereafter, with the right in
the corporation to renew its char
ter for an additional period of
twenty-five years as now provid-
ed by law.
ARTICLE VII.
The management and conduct
Of the business, property and af-
fairs Of the corporation shall be
vested in and conducted by a
board Of directors of not less than
three (3\ nor more than seven
I'D persons, and all directors, ex-
cept in case of vacancies, shall be
elected at the annual meeting of
stockholders, except the first
board, which is chosen as in these
articles hereinafter set forth. The
officers of the company shall con-
sist of a President, Vice-Presi-
dent Secretary and Treasurer,
and such other officers as the
Board Of Directors shall deem ex-
board by death, resignation, or