Nogales international., 1928-07-10

ltaI stock and other securities
and obligations, all the rights,
powers and privileges of indivi-
dual owners thereof, including
the right to vote upon any shares
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 of
indebtedness authorized by it's
board Of directors, in payments for
the good WILL rights, business,
personal property, real estate or
leases thereon, of any person,
firm, association or corporation,
and the judgment of it's board of
directors as to the value of such
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-
les, 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 or
Ey 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 it's
business, all upon such terms as
the board Of directors may ap-
prove.
Without in any particular linn
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 or
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,o or cal
culated directly or indirectly to
promote the interests of the cor
poration or enhance the value Of
or render profitable any of it's
property, or rigths. as such a cor
poration may lawfully do; and in
carrying on it's business, or for
the purpose Of attaining or fur
thering any of it's objects, to do
any and all acts and things, and
to exercise any and all other pow
ers which a co-partnership or
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 and
in any part Of the world; and in
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
f, the formation of such corpora.
tions.
ARTICLE v.
The authorized amount of thu
capital stock of this corporation
shall be Two Hundred Thousand
and no. 100 ($20O,0O0.0O) Dol
: lars, divided into Twenty Thou
sand (20,)00) shares of the par
value of Ten and no/1O0 ($1O.
/ 0O) 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 rigths or interest there
in, real or personal, for the use
; and puposes of the corporation
) and in payment for which. share
> of the capital stock of the COZ
poration may be issued, and sue
stock so issued shall thereupoI
!, end thereby become and be full
paid up and non-assessable, an
!. IN the absence Of actual fraud i
the transaction, the Judgment O
. the board of directors as to tn
y value OF the services rendered @
: property purchased shall be COZ
o elusive.
hi ARTICLE vi.
Il The time of the commencement
o OF this corporation shall be til
p date of the issuance to it of
ii Certificate of Incorporation
r the Arizona Corporation Con
r. mission, and the termination tn
70 reof shall be twenty-five yea
thereafter, with the right in ii
n corporation to renew it's chart
= for an additional period of tive