Nogales international., 1927-06-03
Page SEVEN

the County Recorder of Santa
Cruz County, Arizona, and the
termination thereof shall be TWEEN.
ty-five (25) years thereafter, with
the right in the corporation to
renew it's charter for an addition
al period of twenty-five years as
now provided by law.
ARTICLE VII.
The management and conduct
of the business, property and af.
fairs of the corporation shall bs
vested in and conducted by a
board of directors of not less than
three (3) nor more than seven
90 persons, and all directors, ex.
oept IN case of vacancies shall ne
elected at the annual meeting of
stockholders, except the first
Ooard, winch is chosen as in these
articles Lere. natter set forth. The
JTticers OF tie company shall con.
1-sC o. d KreSA~eAt, V4ce-rtesluent.
'~cCAeaiAy eAu 4reetSuLSr, anu sdcn
oGier IA44Ce1S as me DoSlu OF uI-
4ectors sna1I ueem eXpeu1enC, and
~ shali Le eAecteo or appointed
1y tie board OF Lrectors.
any two or more offices. the
AuCles OF the incumbent OF wh1cn
Ale not Inconsistent, may be
ED by the same person. Both
-44e ol4-ceAS anu ul1ecCorS Snau
.4o4u Lne4r olI-IeS 1or Lne perAod
u one year IRON and a1Ler eAec.
Avn a4.u 4ues4l4aUa.lon and until
-De-r Successors are eleeCed anu
4u@l-t-eu. un4eSS removed Dy the
1oard. lhe uArecLorS Snall have
ne right to LII any vacancy oc.
-orr4ng III tne BOARD Dy ueaLn, re-
SignaCIon, or otnerw.se, and the
re4son or persons e1ecJed To fiji
lily such vacancy or vacancies
9AAa4 l4Old his o44Ice until Che neat
Aeeu-ar MeeCAng OF stockholders.
<A4UAACAE V111.
Inc regular annual meeting OF
C1e sCocAnoluers sAaI1 be ned dc
Gne PRINCIPAL oI1lce o1 Ine corpora
.ion on Inc second 1uesuay Id
august IN eacn year co1ulnencing
With Tue year 1913.
ARTICLE TX.
The incorporates snail name
The persons who snall constitute
the tlrst board of directors and
wnen so selected by the incor-
porators SAID members of tue
BOARD shall serve until the first
annual stockholders meeting and
until their successors are e4ected
and quaIl1ied.
ARTICLE x.
The board Of directors shall
have the power to MAKE and alter
che bylaws of the corporation;
to fix the amount to be reserved
as work -ng capital, and to author
-ze and cause to be executed
mortgages, debentures and other
obligations which shall be liens
upon the property and franchises
of the corporation, and, in gen.
eral to exercise all the powers an !
authority of the company not ex-
pressly withheld from said board
by law, or by these Articles of In:
corporation, or by the affirmative
acton of the stockholders.
ARTICLE XI.
The stockholders and members
Of this corporation and their pri-
vate property shall be exempt
from any liability for the debts
Of this corporation.
ARTICLE XII.
With the consent of the holders
of two-thirds (2/3) in amount of
the capital stock Of this company,
issued and outstanding when
evidenced IN writing or with the
consent of majority in amount
of the capital stock Of the cOrpc-
ration, issued and outstanding,
when expressed by a resolution
adopted at meeting Of the stock
holders of the corporation duly
called and held pursuant to the
bylaws, the directors shall have
authority to sell or otherwise dis
pose of in such manner as may be
.lutnor zed, the entire property
md assets Of the corporation.
ARTICLE XIII.
The indebtedness of this corpo-
ration shall at no time exceed the
sum of Sixty-six Thousand Six
hundred Sixty-six and 66/1Oo
$66, ,666.66) Dollars.
ARTICLE XIV.
Duane Bird, of Nogales, Santa
,ruz County, Arizona, who has
cen a bona fide resident OF the
tate of Arizona for at least three
81 years, is hereby appointed the
lawful agent of this corporation
for and on behalf of it, to accept
and acknowledge service, and upon
whom may be served all necessa-
rv process in any action. suit or
proceeding that may be held OF
brought against this corporation
in any of the Courts of the state
of Arizona, and for all purposes
required by law. -
IN WITNESS WHEREOF, we
have hereunto set our hands this
2Sth day of May, A. D. 1927.
N0''' 0 A. G. STFARNS
R. w. AsHBY
l.rr, A mn On Al RIZONA -