Nogales international., 1927-06-17
Page SEVEN

Cruz County, Arizona, and the
termination thereof shall be TWEEN.
ty-five (25) years thereafter, with
the right in the corporation ia
renew its charter for an addition
al period of twenty-five years "A
now provided by law.
Ah11CLE VII.
1he management and conduct
Vi the business, property and a. .
Lars OF the corporation shall b :
vested III ana conducted by .
ooard OF dnectols OF not less Cnan
'hree t3) nor, more than seven
~ persons, and all directors, ex.
cept IN case OF vacancies shall ne
elected at the annual meeting of
s1ocknoiders, except the first
Ooard, winch is chosen as in these
"ltAcies hereinafter set forth. Yne
o11lceIs OF the company shall con-
Slst Oh a Eresluent, Vlce-kresldent.
secretary and Treasurer, and such
oCner OFFICERS as the Board OF Di-
rectors snail deem expedient. ana
al snail be elected or appointed
oy the Board OF Directors.
ANY two or more o1tlces. the
duties OF the incumbent OF which
a1e not Inconsistent, may be
neld by the same person. Both
Cne officers and directors shall
nold their Offices for the period
OF one year from and after eIec.
Glon and qualification and until
their successors are elected and
qualified. unless removed by the
BOARD. The directors shall have
The right to fill any vacancy oc.
curing in the board by death. re-
Slgnatlon, or otherwise, and the
person or persons elected to fill
any such vacancy or vacancies
shall hold his office until the next
regular meeting of stockholders.
ARTICLE VIII.
Inc regular annual meeting Of
che STOCKHOLDERS snail be he1d at
Ine principal office OF the corpora
Clon on the second Tuesday in
August in each year commencing
with the year 1923.
ARTICLE TX.
The incorporatorS shall name
The persons who shall constitute
the first board of directors and
when SO selected by the .incor-
poratorS said members of the
BOARD shall serve until the first
annual stockholders meeting and
until their successors are eIected
and qualified.
ARTICLE X.
The board of directors shall
have the power to make and alter
the bylaws of the corporation:
to fix the amount to be reserved
as working capital, and to author
lze and cause to be executed
mortgages, debentures and other
obligations which shall be liens
upon the property and franchises
of the corporation, and. in gem
eral to exercise all the powers and
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 major, y in amount
of the capital stock Of the corpo-
ration, issued and outstanding,
when expressed by a resolution
adopted at a 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
authorized, the entire property
and assets of the corporation.
AK1ICLA Ail1.
The Indebtedness OF talS cOrp0-
Iatlon shall at no time exceed the
sum OF Slxty-six Thousand SIX
hundred SNty-six and 66/1O0
(900,0o6.66J Dollars.
ARTICLE XIV.
Duane Dlrd, Of Nogales, Santa
Cruz County, Arlzona, who has
oeen a bona flde resident OF tina
state OF Arizona for at least three
~ years, is hereby appointed the
lawful agent OF this corporation
Tor and on behalf OF it, to accept
and acknowledge service, and upon
whom may be served all pecessa-
ry process in any action. suit or
proceeding that may be held or
Drought against this corporation
IN any Of the Courts OF the State
OF Arizona, and Tor all purposes
required by law.
in WITNESS WHEkEOF, we
have hereunto set our hands this
26th day of May, A. ID. 1929.
A. G. STEARNS
r. w. ASHBY
IS m A DTHnAIA