Nogales international., 1928-12-21
LEGAL NOTICE

viii, rights, business, property,
real estate of leases thereon, shau
be conclusive in the absence Of
fraud.
To guarantee the payment OF
dividends or interest on any shares
stocks, debentures or other 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
c"mpany'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 the company, 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 III any
manner connected Herewith, or
necessary, Incidental, convenlens
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 such a 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 al. acts
! and things, and to exercise any and
all other powers which a co-parc-
nership or natural person could do
and exercise, ard which now or
hereafter may be authorized by
law, and either as, or by and
through principals, agents, attor~
neys, trustees, contractors, factors,
lessons, 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 under the
provisions of the law authorizing
the formation of such corporation.
| ARTICLE v.
j The authorized amount of the
capital stock Of this corporation
shall be Two Million Five Hundred
Thousand and no 400 ($2,500,-
OOO.OO) Dollars. divided into Two
Million Five Hundred Thousand
(2,5O0,000) shares of the par value
. of One and no Zoo ($100) 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
board of directors may fix in cash,
i cervices. 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 capita! stock
of the corporation may be issued,
;, and such stock so issued shall
thereupon and thereby become and
be- fully paid up and non asses
cable, and in the absence of actual
fraud in the transaction, the judg-
rnent Of the board of directors as
! to the value of the service render
ed or property 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 by the Ari-
7 zona Corporation Commission, and
the termination thereof shall be
! twenty-five years thereafter, with
the right in the corporation to re
new it's charter for an additional
period Of twenty-five years as now.
provided by law.
ARTICLE VII.
! The management and conduct of
the business, property and affairs
of the corporation shall be vested.
in and conducted by board of di-
rectors of not less than three (3)
nor more than seven (7) persons,
and al! directors, except in case of
vacancies, shall be elected at the
annual 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-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 ars not inconsistent, may
Do 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
fed, unless removed by the board
the directors shall have the right
to fill any vacancy occurring in the
board by death, resignation or
otherwise, and the person or per
| sons elected fo fiji onx, .,,oL