Nogales international., 1927-01-09
Nogales international Peoples Favore Newspaper

and description; to make and
perform contracts, to pur-
chase, lease, or otherwise &C.
quire, own, exchange, sell. or dis.
pose Of, pledge, mortgage, hypo-
thecate and deal in, real estate.
any and all kinds of personal
property, and the good will, rights
and property Of any person, firm,
association or corporation. and
pay for the same in cash or stock.
bonds or obligations Of this cor
Iporation, or otherwise.
To issue bonds, notes. deben-
lures or other forms Of corporate
obligations and to sell, pledge or
hypotheoRte 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
Therefor its stock, bonds or other
obligations.
Without in any particular limit.
ing any Of the objects, or purposes
or powers Of the corporation. the
business or purposes of the cor.
Iporati0n shall be from time to time
ITO 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
poradon or enhance the value of
or render profitable any of its
property or rights, as such a cor
poration may lawfully do; and in
carrying on it's business, or for
the purpose Of attaining or fur
thering any of its objects, to do
any and all acts and things, and
to exercise any and all other DOW
ers which co-partnership OF 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
($100,000.00) Dollars, divided in
to one thousand 10000 shares of
the par value of One Hundred
($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 az 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 80 issued shall there
upon and thereby become and be
fully paid up and nOn-assessable,
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
Of this corporation shall be the
date of the filing Of It's 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
10 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-