Nogales international., 1928-10-30


and description, and generally to
invest, trade, and deal in personal
property of all kinds.
5.-To purchase, acquire, hold
and dispose of the stocks, bonds
and other evidences of ind ,bted-
, ness of any firm, company or cor
porat;on, domestic or foreign, and
any interest or participation shere-
in, and issue in exchange therefore
it's stocks, bonds or other obliga-
tions, and while owner of any such
stock, bonds or oSher 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
TIE 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, sor that the board of
directors may hereafter approve,
either alone or in assc citation with
other corporations, firma, societies
companies or individuals, and to
Go every act or acts, thing or
Sshlngs Incidental or appurtenant
10 or growing out of or connected
with the aforesaid business or DOW
Hrs or any part or parts thereof.
in the United States of America
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 V.
The authorized capital stock Of
this corporation shall be One Mil
lion Five Hundred Thousand
Isl, ,500,O00.00) Dollars, to be di-
vided into One Million Five Hun
dred Thousand (1,5OO,0OO) shares
OF Ike par value of One Dollar
Isl 00) 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
oy the sale and transfer to it of
real or personal property. con-
tracts, service or any other valu.
able right or thing for the use and
purposes of said corporation. in
payment for which shares of +ha
capital stock of the corpora4;or
may be issued, and the canitai
8 ck SO issued shall 4here-
u p o n and thereby become
and be fully paid and NON.
&ssessable forever, and. in the ah-
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.
ARTICLE vi.
The time of the commencement
of Shis corporation shall be the date
on which the certificate of incor-
poration shall be delivered to said
corporation by the Arizona Corp
Grafton Commission, and the term
ination thereof shall be twenty
five years thereafter, with the priv
ileges of renewal as by law pro-
vided.
ARTICLE VII.
The affairs Of this corporation
shall be conducted by a board of
dire-t tors of not less than three
(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
Oy the bylaws to be adopted bv
this corporation, the number Of
the board of directors shall be four
~: The following named person.,
shall constitute and be the board
OF dlreAto for the first corporate
year and until their successors are
eielted and have qualified
A. L. GustetSer
E. K. Cumming
H. j. Harms
E. w. Hake
Hereafter the board of director.
shall be elected from among tho
stockholders or the corporation at
the annual meeting of the stock.
holders to be held on the second
tuesday of January of each wear
beginning with The year 1880. The
officers of the corporation sshalr
consist of President, Vice Pres
ldent, a Secretary and a Treasur-
er. The office of Secretary and
Treasurer may be held by the
same person. Until officers are
elected i'll accordance with the pro-
visions of the bylaws adopted by
this corporation, the following shall
lie the officers of the corporation:
A. l.. GusteSter, President,
E. K. Cumming, Secretary and
Treasurer,
d. W. Hake, Vice President.
Said officers shall hold their re-
spective offices until their succes-
sors are elected and have qualified.
ARTICLE VIII,
A. L. Gustester, of Nogales, Ari-
Zona, who has been a bona fide
resident of tho S+.+o 80 A.:.