Nogales international., 1927-01-09

and 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
1.-THE formation of such corpora
tions.
| ARTICLE V.
i The authorized amount of the
capital stock of this corporation
shall be Twenty Five Thousand
! ($25, ,0O0.00) Dollars, divided into
twenty-five hundred (2500) shares
of the par value of Ten ($10.0O)
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
NAV be issued, and such stock so
issued shall thereupon 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
lservices rendered or property pur-
chased 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
ltv-five years thereafter, with the
r;oht in the corporation to renew
Its charter for an additional per
liod of twenty-five years as no"
provided by law.
ARTICLE VII.
The management and conduct OF
ltbe business, property and a11alrs
of the corporation shall be Veseee
in and conducted by board Oh
d;rectors of not less than three
1a( nor more than seven CD per-
sons. and all directors, except III
case of vacancies, shall be electeo
o+ the annual meeting Of stock
holders. except the first board
,,,h;cb Is chosen as in these articles
hereinafter set forth. me OF
Acers of the company shall con
sist Of a President, Vice-PresldenI'
Secretary and Treasurer, and sucn
other officers as the Board Oh
n;ractors shall deem expedlent'
and all shall be elected or appoint
ed bv the Board of Directors. ANY
two or more offices, the duties OF
incumbent of which are not lncon-
sistent, may be held by the same
nerson. Both the officers and oil
|rectors shall hold their offices for
the period of one year from ana
after election and qualification and
rrtil their successors are elected
and qualified, unless removed ny
The hoard. The directors shall
have the right to fill any vacancy
occurring in the board by deatn
Resignation, or otherwise, and the The;
person or persons elected to I'LL
any such vacancy or vacancies
shall hold his office until the next
regular meeting of stockholders.
ARTICLE VIII.
The regular annual meeting OF
1.-The stockholders shall be held at
the principal office of the corpora
tion on the fourth Monday in De-
lcember in each year, commencing
with the year 1927.
ARTICLE TX.
The incorporators shall name
1.-The persons who shall constitute
the first board of directors ana
when so selected by the incorpor-
ators said members Of the board
shall serve until the first annual
stockholders meeting and until
their successors are elected ana
qualified.
ARTICLE x.
The board of directors shall have
the power to make and alter tne
bylaws of the corporation; to 1lX
the amount to be reserved as
working capital, and to authorize
end cause to be executed mort
cages, debentures and other obl1ga-
tions which shall be liens upon the
nropertv and franchises of the
corporation, and, in general to
exercise all the powers and auth
or;tv of the company not express
" withheld from said board by
law, or by these Articles OF In
CORPORATION, or by the affirma-
five action of the stockholders.
ARTICLE XI.
The stockholders and members
of this corporation and their prl-
- 4x, .baI1 ha exempt