The border vidette., 1928-07-14
ARTICLES OF INCORPORATION
AcAPONETA SUGAR COMPANY

PRESENTS: hat we. the undersigned,
have this day associated ourselves to-
gether for the purpose OF forming a
corporation under and pursuant to the
laws OF the State Of Arizona, and for
that purpose do hereby adopt articles
of incorporation as follows:
ARTICLE
The name OF this corporation shall be
"ACAPONETA SUGAR COMPANY"
ARTICLE III
The principal place OF business OF
Arizona shall be at Nogales. Santa
Cruz county. but branch office or
Offices may be established and main
tained at such other place or places,
either in theUnited States or in foreign
countries. as may be determined upon
by the Board of Directors. at any Of
which said places stock holders and
directors meetings may be held aud any
corporate business transacted.
ARTICLE III
The general nature OF the business
proposed to be transacted is to pur-
chase, manufacture. produce. refine,
prepare. import. export, sell and gen.
orally to deal In sugar, sugar beete,
sugar can, molasses syrups and melada
and all products or by products there
OF, and food products generally and in
connection Herewith to acquire, con-
struct and operate sugar or other re-
fineriee, buildings, mills. factories. dis
tiller,es and other works. To plant,
cultivate, produce and raise sugar cane.
maize, sugar beets and other crops,
and to transact such other work or
business as may be proper or necessary
IN connection with the above objects or
any of them; to do general real es-
tate, manufacturing and mercantile
business; to own. handle and control
letters patent and inventions; to maxi Q
and perform contracts; tc purchase,
lease or otherwise acquire, own, con-
troll, exchange, sell, or dispose OF.
pledge, mortgage. hypothecate and
deal in real and personal estate of all
kinds and nature; to acquire, own and
hold or otherwise deal with any stock,
bonds bebentures. shares, script or
securities of any domestic. foreign or
alien corporation or OF any government,
otherwise; together with the right to
stock. bonds or other obligations; to
issue bonds, notes, ,debentures and other
evidences of Indebtedness, ard to Sc
cure the payment of the same by mort
gage, deed OF trust or Otherwise; to
act as an agent. trustee, broker or in
any other fiduciary capacity; to borrow
and lend money; and in carrying on its
business, or for the purpose of attain.
ing or furtheriDg any of it's objects. to
do any and all other acts and things,
and to exercise any and all other pow
ers which natural person could do
and exercise, and which now or here
after may be authorized by law.
ARTICLE Nv
The authorized amount of capital
stock of this corporation shall be Five
Hundred Thousand and no/100 $780,
600 O0) Dollars. divided into fifty thOus.
and l50.O00) shares OF the par value of
Ten and no/lO0 ($l0 00) Dollars each
At such times as the Board of Direc-
tors may by resolution direct, said
capital stock shall be paid into this
corporation. either in cash or by the
sale and transfer to it of real Or per-
sonal property, contracts, services, or
any otner valuable right or thing for
the use and purpose of said corporation
in payment Of which. shares of the
capital stock of said corporation may
be issued, and the capital stock so is.
sued shall thereupon and thereby be
come and be fully paid up and nom
assessable forever, and in the absence
of actual fraud in the transaction the
judgment of the Directors as to the
value of the property purchased shall
be conclusive.
ARTICLE v
The time OF the commencement Of
this corporation shall be the DAY of the
filing OF it's articles of Incorporation
with the Corporation Commission of
the State of Arizona, and the record ;
ing of the same in the Office OF the
County Recorder of Santa Cruz cOun.
ty, Arizona, and the termination there
of shall be twenty FIVE (25) years there.
after. with the privilege OF renewal as
provided by law.
ARTICLE vi
The affairs of this corporation >sh all
be conducted by Board of not less
than three nor more than seven direc-
tors, who shall be stock holders of the
corporation. Said directors shall be
elected at the annual meeting of the
stock holders. and shall serve one year,
and until their successors are elected
and qualified. The annual meeting OF
this corporation shall be held at such
place, time and hour as may be pre-
ecribed by the bylaws of the corpora
ton. The first board of directors shall
be elected by the incorporators, who
shall serve until their successors are
elected and qualified. II at any time a
vacancy in the board of directors shall
occur, said vacancy may be filled BY
the remaining members OF the board in
office The person SO elected to fill a
vacancy shall serve during the unex
pired term of his predecessor, and until
his successor is elected and qualified.
ARTICLE VII
The officers of this corporation shall
be president, vice president. secre-
tary and treasurer, and such other Off