Nogales international., 1927-06-10
Page FIVE

the County Recorder of SAINTS
Cruz County, Arizona, and ths
termination thereof shall be TWEEN.
Ity-five (25) years thereafter, with
the right in the corporation to
renew its charter for an addition
al period of twenty-five years al
now provided by law.
AhIICLE VII.
Ihe management and conduct
III the BUSINESS, property aud af-
1a-rs OF the corporation shall ba
yeseed IN and conducted by q
BOARD OF directors OF not less than
Cnree (3) nor more than seven
81 persons, and all directors. ex.
cept IN case of vacancies shall ne
elected at the annual meeting of
stockholders, except the first
BOARD, which is chosen as in these
dl t4cies hereinafter set forth. The
Officers OF the company shall con-
'lst OF a President, Vice-President.
secretary and Treasurer, and such
oIher OFFICERS as the Board of Di-
rectors shall deem expedient. and
all shall be elected or appointed
oy the Board of Directors.
ANY two or more offices. the
duties of the incumbent of which
are not inconsistent, may be
neld by the same person. Both
The officers and directors shall
mold their Offices for the period
OF one year from and after cleo.
ton and qualification and until
their successors are elected and
qualified. unless removed by the
board. The directors shall have
he right to fill any vacancy oc.
;urring in the board by death. re-
'lgnation, or otherwise, and the
person or persons elected to fill
my such vacancy or vacancies
hall hold his office until the next
'egular meeting of stockholders.
ARTICLE VIII.
The regular annual meeting of
he stockholders shall be held at
he principal office of the corpora
ion on the second Tuesday in
August in each year commencing
With the year 1928.
ARTICLE TX.
The incorporators shall name
he persons who shall constitute
he first board of directors and
7hen so selected by the incor-
orators said members of the
oard shall serve until the first
nnual stockholders meeting and
ntil their successors are elected
nd qualified.
ARTICLE x.
The board of directors shall
ave the power to make and alter
ne bylaws Of the corporation:
} fix the amount to be reserved
working capital, and to author
.e and cause to be executed
lortgages, debentures and other
which shall be liens
pom the property and franchises
the corporation, and, in gen.
raj to exercise all the powers and
uthority of the company not exc
ressly withheld from said boevd
Y law, or by these Articles OF !.
or by the affirmative
ct,on of the stockholders.
ARTICLE XI.
The stockholders and members
{ this corporation and their pri-
ate property shall be exempt
'om any liability for the debts
{ this corporation.
ARTICLE XII.
With the consent of the holders
two-thirds (2/3) in amount Of
le capital stock of this company,
sued and outstanding when
yidenced in writing or with the
'nsent of a majority in amount
the capital stock Of the corpo-
Ltion, issued and outstanding,
hen expressed by a resolution
lopted at a meeting of the stock
'lders of the corporation duly
He'd and held pursuant to the
v-laws, the directors shs'N have
lthority to sell or otherwise dis
'se of in such manner as may be
the entire property
I'd assets of the corporation.
ARTICLE XIII.
The Indebtedness of this corpO-
ton shall at no time exceed the
IN of Sixty-six Thousand Six
1ndred Slxty-six and 66/1OO
,66, ,666.66) Dollars.
ARTICLE XIV.
Duane Bird; of Nogales, Santa
,uz County, Arizona, who has
en a bona fide resident Of the
ate Of Arizona for at least three
y years, is hereby appointed the
wful agent of this corporation
+ and on behalf of it, to accept
ID acknowledge service, and upon
lom may be served all necessa-
process in any action, suit or
oceeding that may be held or
ought against this corporation
any of the Courts of the State
Arizona, and for al purposes
quired by law.
IN WITNESS WHEREOF, we
We bereunto set our hands this
th day of May, A. D. 1927.
A. G. STEARNS
r. w. ASHBY