Nogales international., 1928-06-15

of by mortgage, pledge or other
wise upon all or any part OF the
property of the corporation.
3.-To purchase, acquire, hole
and dispose of the stocks, bonds
and other evidences of indebted
ness of any firm company or cor.
poration, domestic or foreign, and
any interest or participation there
| in, and issue in exchange there
for it's stock, bonds or other obi
cations, and while owner of any
such stock, bonds or other obliga-
tions, interest or participation, to
possess, vote and otherwise ex-
ercise in respect thereof all the
rights, powers and privileges OF
individual owners or holders the
reof.
4.-To make any guarantee
respecting dividens. stocks, bonds,
contracts or other obligations so
far as the same may be permitted
bv corporations organized under
the corporation laws of this State.
5.-To 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 association with
other corporations, firms, societies,
companies or individuals, and to
DO every act, thing or things in
cidental or appurtenant to or
growing out of or connected with
the aforesaid business or powers
or any part or parts thereof, in
tie United States of America and
it's dependencies and territory, in
Mexico, or in any other foreign
country, providing the same be
not inconsistent with the laws un-
der which the corporation is or
ganized.
ARTICLE v.
The authorized capital stock o1
this corporation shall be ONE
HUNDRED THOUNSAND ($100,.
O00.O0) DOLLARS, divided into
Ten Thousand 100000 shares Of
| the par value of Ten Dollars
($10.00) each. At such time a.
the board of directors shall by re
solution direct, the said capita
stock when subscribed for shall bt
paid into this corporation, either
in cash, services or by the sale
transfer or assignment to it o.
J personal property, property right
or interests therein, real or per
sonal, or other things of value, fo,
the use, benefit or purposes of thi
corporation, and in payment fo
which shares of the capital stool
Of this corporation may be issued
and in the absence of actual frau,
in the transaction, the judgmen
of the board of directors as tt
! the value of such services, rea
or personal property, or othe
things of values, shall be conclu
sive, and the capital stock of thi
corporation so issued shall there
upon and thereby become and b,
fully paid up and forever non
assessable.
! ARTICLE VI.
/ The time Of the commencement
of this corporation shall be tn,
date on which the certificate O
i incorporation shall be delivered t,
said corporation by the Arizon;
! Corporation Commission, and tn
termination thereof shall be twen
:, ty five years thereafter, with tn
privilege of renewal as by lay
provided.
ARTICLE VII.
The affairs of this corporation
shall be conducted by a board o
directors of not less than thre
(3) members and not more tina
seven I'd members, and of sue
officers as the board of director
may elect or appoint; and unit
privision shall be made otherwis
by the bylaws to be adopted b
this corporation, the number o
the board Of directors shall b
three (3). The following name
persons shall constitute and be tn
board of directors for the frs
corporate year and until thei
successors are elected and hav
qualified:
w. H. Tully
j. R. Galusha
F. w. Thompson
Hereafter the board of direC
tors except in case of vacacie
shall be elected from among tn
stockholders of the corporation a
the regular annual meeting of tn
stockholders to be held on tn
second Tuesday of July of eacl
year, beginning with the yea
1929. The officers of the cor
poration shall consist of a Pres
ident, Vice President, Secreta
rv and a Treasurer. The office
of Secretary and Treasurer ma,
be held by the same person. Unit