Nogales international., 1928-11-09

merchandise of any and every class
and description, and generally tc
invest, trade, and deal in personal
property of all kinds.
5.-To purchase, acquire, hole
and dispose of the stocks, bonds
and other evidences of ind ,bted-
ness of any firm, company or cor.
poration, domestic or foreign, anC
any interest or participation there
in, and issue in exchange therefore
it's stocks, bonds or other obliga.
tions, and while owner Of any such
stock, bonds or Other obligations
interest or participation, to pos
sess, vote and otherwise exercise
in respect thereof all the rights,
powers and privileges of individual
/ owners or holders thereof.
6.-To make any guarantee re-
! specting dividends, stocks, bonds,
contracts or other obligations SO
far as the same may be permitted
by corporations organized under
the corporation laws of this State.
ITO do all and everything
! necessary, suitable and proper for
the accomplishment of any Of the
purposes or The attainment of any
! of the objects or the furtherance
Of any of the powers hereinbefore
set forth, or that the board of
directors. may hereafter approve,
either alone or in assc citation with
other corporations, firms, societies.
companies or individuals, and to
Go every act or acts, thing or
shlngs incidental or appurtenant
TO or growing out Of or connected
with the aforesaid business or pow
ers or any part or parts thereof
III the United States of America. a.
and its dependencies and TERRITORY,
IN Mexico, or in any other foreign
country, providing the same be not
Inconsistent with the laws under
which the corporation is organized.
ARTICLE ".
The authorized capital stock of
this corporation shall be One Mil
lion Five Hundred Thousand
(S1,500,000.00) Dollars, to be di-
vided into One Million Five Hun
dred Thousand (1,500,OOO) shares
OF the par value of One Dollar
(S1 OO) each, all of which shares
shall be fully participating in the
profits of this corporation and
shall be voting shares. At such
time as the board of directors
shall by resolution determine the
said capital stock shall be paid into
the corporation, either in cash or
ny the sale and transfer to II of
real or personal property. com
traces, service or any other yaIu-
able right or thing for the use and
purposes of said corporation in
payment for which shares of +ha
capital stock of the corporat;on
may be issued, and the capitaI
tock SO issued shall 4here.
u p on and til ereb'y become
and be fully paid and non
assessable forever, and. in the ab-
sence of actual fraud in the trans
action, the judgment of the board
OF directors as to the value of the
property acquired Shall be con-
elusive.
AR1uCLE VI.
The time of the commencement
of this corporation shall be the date
on which the certificate of incor-
poration shall be delivered to said
corporation by the Arizona Corp
'oration Commission, and the term
ination thereof shall be twenty
five years thereafter, with the priv
ileges of renewal as by law pro-
vided.
AR1TCLE VII.
The affairs of this corporation
shall be conducted by a board of
directors Of not less than Shree
(3) members and not more than
seven CD members, and of such
officers as the board of directors
may elect or appoint; and until
provision shall be made Otherwise
by the bylaws to be adopted hv
tins corporation, the number Of
the board of directors shall be fo,,,
~; The following named person,
snail constitute and be the hoard
OF directors for the first coruorato
year and until their successors aro
eleated and have qualified
A. L. Gustet:er
L. K. Cumming
H. ]. Harms
E. w. Hake
hereafter the board of directors
snail be elected from amon~ ~
stockholders or the corporation at at
sAe annual meeting of the stock-
holders to be held on the secoad ~
tuesday of January of earb oa voa'
beginning with the year 1880. The m
officers Of the corporation shall
consist of President, a Vice Pres
ident, Secretary and a Treasur-
er, The office of Secretary and
treasurer may be held by the
same person. Until officers are
elected in accordance with the pro-
visions of the bylaws adopted by
this corporation, the following shalt
lie the officers of the corporation
A. L. Gustetter, President,
E. K Cumming, Secretary and
Treasurer,
q. w. Hake, Vice President.
Said officers shall hold their re.
spective offices until their succe,,
sors are elected and have qualified
ARTICLE VIII.
; A. L. Guste*ter, of Nogales, Ari