Nogales international., 1928-12-25
LEGAL NOTICE

periods Tor that flScas year shall
lave been paid in full.
Inc Wnoie or any part Of the
prcTerred stock snail be subject to
Ieoemptlon at one hundred Ten
lq11U.UUj Dollars per snare ana
accumulated dividends hereon at
any time after one year from the
lssde thereof at such time or times
ana in such manner as the Boar,
OF Directors snail determine.
ARTICLE vi.
The time OF the commencement
cf tbs corporation shall be thu
cate OF the filing of these Articles
with the Arizona Corporation Com
mission, and the termination there
Of sha be twenty-five years there
after, with the privilege of renew
al, as provided by law.
ARTICLE VII.
The management and conduct of
the business, property and affairs
Of the corporation shal! be vested
IL and conducted by Board of
Directors Of not less than three
nor more than five persons, each
a sto;k holder in this corporation,
and each director, except in case
of vacancies shall be elected at
the annual meeting of stock hold
.ers except the first board, which
is chosen as in these Articles here
matter set forth.
The officers of the company
consists of president, vice -presi-
dent, secretary and treasurer and
such other officers as the Board
Of Directors shall deem expedient.
ard all shall be elected or appoint
ed by the Board of Directors. Any
two or more offices, the duties of
TIE encumbered of which are con-
si5teht maybe held by the same
pcrson. Both the officers and .di,,
rectors shall hold their office for
tie period of one year from and
after election and qualification
and until their successors are
ele; ted and qualified, unless Ne
moved by the board. The direc-
tors shal! Rave the right to fill,
any vacancies occurring in the
board by death, resignation or 9TH
arwise, and the person or persons
ole ted to fill any such vacancies
shall told his office until the next
regular meeting of stock holders.
ARTICLE VIII.
The regular annual meeting of
the stock holders which shall be
Neld in the main office of the cor
noration on the first Monday of
November beginning with the year
1929, unless such day shall fal!
en- a legal holiday, and in which
event such meeting shall be on the
next secular day.
ARTICLE TX.
The incorporators shall name
the persons who shall. constitute
the first Board of Directors and
when so selected by the incorpora-
tors said members of the Board
shall serve until the first annual
stock holders meeting and until
their sul cessors are elected and
qualified.
A majority of the Board of Di-
rectors shall constitute quorum
and, except as herein and in the
y-,aws otherwise provided, shall
aave the same authority and pow
ers as if a full Board were pre-.
sent.
ARTICLE K.
The Board of Directors shall |
have the power to make and alter
the bylaws of the corporation; to !
fix the amount to be reserved as
capital, and to authorize
md cause to be executed mort |
RACES debentures and other obliga- |
lions which shall be liens upon the |
property and franchises Of the cor
0oration, and, in general to exer-
ise al! the powers and authority |
Of the company not expressly |
from said Board by law,
,r by these Articles of Incorpora-
ION. or by the affirmative action
IF the stock holders.
ARTICLE XI.
The stock holders and members |
If this corporation and their pri-
vate property shall be exempt |
from any liabilities for the debts
If this corporation.
ARTICLE XII.
The highest amount of indebt-
1ess or liability direct or con-
;ingent, to which this corporation
;hal! at any time subject itself
'hall be computed by rules and
by the Arizona Corp +
oration Commission but shall not !
exceed Thirty Three Thousand
$33, ,000.00) Dollars.
ARTICLE XIII.
Bomsall Noon, of Nogales, Ari.. J
IONA, who has been a bona fide
resident of the State of Arizona
or at least three years, is hereby
appointed the Lawful! agent of this !
for and on behalf of
t. to accept, and acknowledge
services. and upon whom maybe
erved all necessary process in auyl