Nogales international., 1928-12-07
LEGAL NOTICE

To guarantee the payment OF
dividends or interest on any shares
stocks, debentures or ogner securi-
ties issued by, or any other con-
tract or obligation Of, any corpora
ton whenever necessary for the
business of this company, and up
on such terms and conditions and
in such manner as may be pre-
scribed by the bylaws or by reso-
luton of the board of directors.
Also to purchase, hold or reissce
and sell the shares of it's capital
stock.
To renumerate any person, per-
sons or corporation for services
rendered, in placing or assisting to
place any of the shares of the
cnmpanv's capital stock. or any de-
benture, bond, or other security of
the company, or for services rem.
dered in or about the formation
or promotion of tie coF'panv or
the conduct of it's business, all up-
on such terms as the board of di-
rtctors may approve.
Without in any particular limit
ing any of the objects, or purpo-
ses or powers Of the corporation,
the business or purposes OF the
corporation shall be from time to
time to do any one or more or all
of the acts and things herein set
forth, and al! other acts, things
and business or businesses in any
manner connected Herewith, or
necessary, incidental, convenient
or auxiliary thereto, or calculated
directly or indirectly to promote
the interests of the corporation or
enhance the value Of or render
profitable any of it's property or
rights. as suah corporation
may lawfully do; and in carrying
on it's business, or for the purpose
OF. attaining or furthering any of
its objects, to do any and all acts
and things, and to exercise any and
! all other powers which a co-part-
1ership or natural person could do
and exercise, and which now or
hereafter may be authorized by
law, and either as, or by and
through principals, agents., attor-
neys, trustees, contractors, factors,
lessors, lessees, or otherwise,
either alone or in conjunction with
others and in any part of the
world; and in addition to have
. end to exercise all the rights, pow
ers and privileges now or hereaf-
ter belonging to or conferred upon
corporations organized uadar the
provisions of the law auth orizing
the formation of s'loh corporation.
ARTICLE v.
The authorized amount of the
capital stock of this corporation
shall be Two Million Five Hundred
Thousand and no 100 ($2,5O0,-
000.00) Dollars, divided into Two
Million Five Hundred Thousand
(2,500,000) shares of the par value
of One and no/100 Isl 00) Doll
lars each. Upon subscription there
+ FOR said capital stock shall be paid
into the corporation in such man.
ner and upon such terms as the
+. hoard of directors may fix in cash,
t'ervices, or by the sale, transfer
and assignment to the corporation
of property, property rights or in
terests therein, real or personal, for
the uses and purposes of the cor
poration, and in payment for
which, shares of the cap:ta1 stock
of the corporation may be issued,
and such stock so issued shall
thereppon and thereby be~ome and
be fully paid up and non asses
gable, and in the absence of actual
fraud in the transaction the iudg-
ment of the board of directors as
to the value of the service render
F. ed or rroperty purchased shall be
/ conclusive.
ARTICLE vi.
The time Of the commencement
of this corporation shall be the date
| of the issuance to it of a Certifi-.
cate of incorporation bv the Ari-
zona CORPORATION Commission! and
the termination thereof shall be
twenty-five years thereafter. with
the richt in the corporation to re.
| new its charter for an additional
period Of twenty-five years as now
provided bv law.
ARTICLE VII.
TIE management and conduit Of
the business, property and affairs
of the corporation shall be vested
in ard conducted bv board of di-
rectors of not less than three (3)
nor more than seven ~ persons,
snd al dire tors, except in case of
vacancies. shall be elertoa at the
onnual meeting of stockholders,
except the first board which is
chosen as in these articles herein
after set forth. The officers of the
company shall consist of a Presi-
dent, Vice-P President, Secretary and
Treasurer, and such other Officers
as the Board of Directors shall
deem expedient. and all shall be
elected or appointed by the Board
OF Directors. Any two or more of.
fices, the duties of the Incumbent
OF which are not inconsistent, NAV
ce held by the same person. Both
the officers and directors shall
hold their offices for the period of
one year from and after election
and qualification and until their
successors are elected and quail
1,ed, unless removed by the board
Inc directors shall have the right
TO III any vacancy occurring in the
board by death, resignation ~.
otherwise, and the person or ney-
sons erected to fill any such va
csncy Or vacancies shall hold his
oIIice until the next regular meet. at.
ARTICLE VIII.