Nogales international., 1928-07-24

tgag, 5, debentures. shares of cap
itai stock and other securities
and Obligations, all the rights
lowers and privileges of indivi
dual owners thereof, including
the right to vote upon any share:
of stock held by it to the same
extent that natural person
might or could do.
To sell or issue all or any part
of its capital stock, or any bonds
debentures or other evidences oil
indebtedness authorized by it's
board Of directors, in payments fol
the good will, rights, business
personal property, real estate oil
leases thereon, of any person
firm, association or corporation
and the judgment of it's board OF
directors as to the value of sucf
good will, rights. business, pro
perty, real estate or leases there
on, shall be conclusive in the
absence of fraud.
To guarantee the payment OF
dividends or interest on any sha'
res, stocks, debentures or other
securities issued by, or any other
contract or obligation of, any
corporation whenever necessary
for the business of this company
and upon such terms and condi.
tions and in such manner as may
be prescribed by the bylaws OF
by resolution of the board OF
directors. Also to purchase, hold
or reissue and sell the shares OF
its capital stock.
To remunerate any person,
persons or corporation for SER
vices rendered, in placing as
sisting to place any of the shares
of the company's capital stock,
or any debenture, bond, or other
security of the company, of for
services rendered in or about the
formation or promotion of the
company, or the conduct of its
business, all upon such terms as
the board of directors may ap-
prove.
Without in any particular lin
iting any Of the objects, or pur-
poses or powers of the corpora
ton, the business or purposes of
the corporation shall be from
time to time to do any one OF
more or all of the acts and things
herein set forth, and all such other
acts, things and business. or busi-
res in any manner connected the
rewith, or necessary, incidental, con
venient of auxiliary thereto,or cal.
culated directly or indirectly to
promote the interests of the cor
poration or enhance the value OF
or render profitable any of its
property, Or rigths, as such a cor
poration may lawfully do; and in
carrying on it's business, or fol-
the purpose of attaining or fur
thering any of its objects, to dc
any and all acts and things, anG
to exercise any and all other pow.
ers which co-partnership OF
natural person could do and ex.
ercise, and which now or here
after may be authorized by law
and either as, or by and through
principals. agents, attorneys, trus
tees, contractors, factors, lessons
lcssees, Or otherwise, either alone
or in conjunction with others anc
in any part of the world; and il
addition to have and to exercise
all the rights, powers and pri.
/ vileges now or hereafter belong
ing to or conferred upon cor
porations organized under the
provisions of the law authorizing
/ the formation of such corpora
tions.
| ARTICLE V.
/ The authorized amount of thu
capital stock of this corporation
shall be Two Hundred ThousanC
and no/10O ($200,OO0.OO) Dol
!. lars, divided into Twenty Thou
sand (20,)00) shares of the par
value of Ten and no 100 ($1O.
E0O) Dollars each. Upon subscrip
ton therefore said capital stool
shall be paid into he corporation
| IN such manner and upon sucl
terms as the board of director
may fix in cash, services. or b,
the sale, transfer and assignmen
to the corporation of property
property rights or interest there
in, real or personal, for the use
and purposes of the corporation
and in payment for which, share
of the capital stock of the cor
poration may be issued, and sue
stock so issued shall thereupol
end thereby become and be full
paid up and worcestershire, an
.. in the absence of actual fraud i
the transaction, the judgment O
', the board of directors as to tn
value of the services rendered O
property purchased shall be cor
elusive.
ARTICLE vi.
The time of the commencement
of this corporation shall be tn
date of the issuance to it of
Certificate of Incorporation b
the Arizona Corporation Con
mission, and the termination the
. reof shall be twenty-five year
thereafter, with the right in tn
! corporation to renew it's charte
for an additional period of twel
7 ty-five years as now provided b
law.
ARTICLE VII.
II The management and cOnduc