Nogales international., 1927-09-30
Physicians


| slgnment. to the corporation O
property. property rights of in
terests therein. real or persona
for the uses and purposes of tn
corporation. and in payment fo
] which. shares Of the capital stocI
of the corporation may be issued
and such stock SO issued shall
'hereupon and thereby becom,
and be fully paid and non-assess
able and in the absence of actua'
fraud in the transaction, the
Judgment of the board of direc,
fors as to the value Of the ser.
vices rendered or property pur-
chased shall be conclusive.
ARTICLE vi.
The time of the commence
ment of this corporation shall be
the date on which certificate of
Incorporation is issued by the
Corporation Commission of the
State Of Arizona. and it shall ter
inmate twenty-five (25) years
thereafter. unless renewed and
extended by law.
ARTICLE VII.
The affairs of this corporation
shall be conducted by q board of
not less than three nor more than
ave directors who shall be stock
nolders of the corporation. Said
directors shall be elected at the
annual meeting Of the stockhold-
ers. and shall serve one year and
Unit! their successors are elected
and qualified The annual meet
ng of this corporation shall be
Aeld at such place. time and hour
IS may be prescribed by the by
avs OF the corporation. The
lrst Board Of Directors shall be
elected by the i1lcorporators, who
hall serve until their successors
re elected and qualified. If at
my time a vacancy in the Board
f Directors shall occur, said va
ancy may be filled by the re-
laining members of the board in
flee. The person so elected to
II a vacancy shall serve during
he unexpired term of his pre-
ecessor. and until his successor
elected and qualified.
ARTICLE VIII.
The officers Of this corporation
1all be a President. Vice-Presi-
ent, Secretary and Treasurer,
nd such other officers as the
board of Directors may deter
inc from time to time, who shall
e elected by the Board Of Di-
'ctors Immediately after each
lnual meeting of the stockhold-
IS. and shall hold Office for one
ear. and until their successors
re elected and qualified. The
fices of Secretary and Treasurer
ay be held by the same person.
the event of vacancy in any
ice, the Board of Directors may
Il the same. and the person so
ected shall serve during the
nexpired term Of his predecessor
nd until his successor is elected
nd qualified. The first officers
the corporation who shall serve
ntil the first annual meeting of
lie stockholders of the corpora
on and until their successors are
ected and qualified. shall be
ected by the first Board Of Di-
sctors as soon as convenient
tier organization.
ARTICLE TX.
The bylaws of this corporation
lall be adopted and may be
nended or revised by the Board
Directors until and unless
,herwiss provided BY a resolu-
ON of the stockholders.
ARTICLE x.
The highest amount of indebt-
lsess, or liability, direct or con-
ngent. to which this corporation
at any time to subject itself is
xty Six Thousand Six Hundred ;
ollars 66,6OO.OOl
ARTICLE XII.
The private property Of the
ockholders of this corporation
all forever be exempt from any
ability for the debts of this cor
,ration.
ARTICLE XII.
Charles L. Hardy. of Nogales,
rizona. who has been a bona
lie resident of the State of Ariz-
Ia for at least three years, is
,reby appointed the lawful agent
; this corporation. for and in
ehalf Of this corporation to ac-
'pt and acknowledge service and =