Nogales international., 1927-01-30


lures or other forms of corporate
obligations and to sell, pledge or
|. .ypotnecate the same and to sec
ure the payment thereof by mort
gage or otherwise upon all or any
part of the property OF the cor
porat-on; to purchase, acquire,
hold, sell and dispose of the stock,
bonds or other evidences of indeb-
tedness of any corporation, DOM
este or foreign, and to issue and
exchange therefor its stocks, bonds
or other obligations.
Without in any particular limit
ing any of the objects, or pur-
poses or powers of the corpora
ton, the blsiness or purposes Of
the corporation shall be from time
to time to 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-
genient or auxiliary thereto, or
calculated directly or indirectly to
promote the interests OF the cor
Grafton or enhance the value Of
or render profitable any Of its
property or rights, as such cor
poration may lawfully do; and in
carrying on it's business, or for the
purpose of attaining or furthering
any of its objects, to do any and
all acts and things, and to exercise
any and all other powers which
co-partnership or natural person
could do and exercise, and whic
now or hereafter may be author
lied by law, and either as, or b,
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
the world; and in addition to hav"
and to exercise all the rights, pow
ers and privileges now or hereaft
er belonging to or conferred upo'
corporal ons organized under tn
provisions of the law authorizing
the formation of such corpora
tons.
ARTICLE V.
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 (S10.00)
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
may be issued, and such stock SO
issued shall thereupon and thereby
ibecome and be fully paid up and
lnon-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 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.
Ity-five years thereafter, with the
right in the corporation to renew
its charter for an additional per-
Iiod of twenty-five years as now
provided by law.
ARTICLE VII.
| The management and conduct OF
the business, property and affairs
of the corporation shall be vested
in and conducted by board Of
directors of not less than three
! (3) nor more than seven (7) per
sons, and all directors, except in
case of vacancies, shall be elected
at the annual meeting Of stock.
holders, except the first board
(which is chosen as in these articles
hereinafter set forth. The Of
f.cers of the company shall con-
sist of President, Vice-President
Secretary and Treasurer, and such
other officers as the Board OF
Directors shall deem expedient
and all shall be elected or appoint
ed by the Board of Directors. Any
two or more offices, the duties OF
incumbent of which are not incon-
sistent, may be held by the same
person. Both the officers and di-
rectors shall hold their offices for
the period of one year from and
after election and qualification and
until their successors are elected
and qualified, unless removed by
the board. The directors shall
haYe the right to fill any vacancy
occurring in the board by death
resignation, or otherwise, and the
person or persons elected to iii
any such vacancy or vacancies
shall hold his office until the next
regular meeting Of stockholders.